SteamyTea Posted May 24, 2024 Share Posted May 24, 2024 (edited) So today we have a new price cap announced for energy prices. I am not interested in that too much. But one bit in the new about it mentioned the £3bn that is owed to the energy companies though bad debt. That is about £100/house. My standing charge has gone from 29p/day in June 2022 to 70p/day this month. A 39p/day increase, So over the last two years (almost) I have probably paid an extra £250 to help the EDF collect, or not, other peoples bad debt of £100. (expletive deleted)ing thieves. To make it worse, the average price, once capped, has been around £2,500/year. So over the last 2 years (almost) the bad debt to the energy companies has been about 2%. I would have thought that was a normal commercial risk when dealing with domestic energy. I have no idea how they hood winked the government, but they certainly have. Someone from OFGEN needs to buy a calculator and do some very basic arithmetic, or better still, do a mathematics GCSE while they sit in prison. Edited May 24, 2024 by SteamyTea Link to comment Share on other sites More sharing options...
saveasteading Posted May 24, 2024 Share Posted May 24, 2024 1 minute ago, SteamyTea said: That is about £100/house. I'm £300 in credit after reclaiming £500. The interest rate is ok. Link to comment Share on other sites More sharing options...
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