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Wednesday, 27 March 2013

Info Post
From the BBC:

Energy policies which increase price rises this year will cushion consumers from future price rises, but only after consumers have paid in advance for lower percentage increases from a higher base rather than a larger percentage from a smaller base contributing to a rise in average household bills but only if you compare it with a third set of figures which assume larger rises from a larger base and which ignore the fact that part of the future price increases have been front loaded to the present, a report has said.

But it's all right now

By 2020, bills will be 11% - or £166 - lower than they would otherwise have been, but about £300 higher than they were a few years ago but they are still a lot less than they will be in five years time so actually the consumer is making a saving now and should be really happy at how cheap his fuel is, these are the good old days on which we will look back fondly, according to the Department of Energy and Climate Change's report. If you look at it that way, consumers are currently getting a massive discount, making them £100s a year better off.

In fact it's a gas

It looked at policies such as a drive to boost home insulation and promote energy efficient boiler installation. It also looked at policies to drive up the cost of domestic fuel to households. And chose the latter.

But quite expensive gas, obviously

Labour accused the government of doing exactly what they would be doing if they were still in government.

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