| January Energy Cap estimated to be 28% Increase 07:58 - Nov 6 with 1871 views | management |
Looks like the layers will be going on this January. |  | | |  |
| January Energy Cap estimated to be 28% Increase on 08:45 - Nov 6 | Basuco |
This rise is essential to protect the profits of the energy companies, another big problem is that the UK only holds two weeks of gas, in the past gas was purchased during the Summer stored in the large gasometers but not now, it is all short term buying in with the emphasis on profits. Which is great for the foreign owners and private investment groups who own the energy companies, but the cost of this model is paid by us, the consumers. |  | | |
| January Energy Cap estimated to be 28% Increase on 10:13 - Nov 6 | Steve_M |
| January Energy Cap estimated to be 28% Increase on 08:45 - Nov 6 by Basuco |
This rise is essential to protect the profits of the energy companies, another big problem is that the UK only holds two weeks of gas, in the past gas was purchased during the Summer stored in the large gasometers but not now, it is all short term buying in with the emphasis on profits. Which is great for the foreign owners and private investment groups who own the energy companies, but the cost of this model is paid by us, the consumers. |
No, it's because oil and gas prices have increased because of Trump's war with Iran. There has been less of both on the global market with the Strait of Hormuz largely closed.
Over the course of this year China has released oil from it's inventories which has kept oil prices lower elsewhere but now they need to be refilled.
Throughout this year the oil forward price has - unrealistically in my view - assumed an end to the war so it's been underpriced versus demand if anything. For the same reason I'm sceptical that Vance demanding an end to the war is going to bring it about and, thus, yesterday's fall in oil prices may not last.
As for gas, 20% of global LNG comes from Qatar which, until very recently, has struggled to export any tankers through the Strait of Hormuz. Some of that shortfall has been filled by increased US production but, for much of 2026, there has also been less gas on the global market.
The storage point is partially correct, although the UK has pitiful amounts since Centrica closed Rough a few years back so this country remains exposed to European gas prices. European storage levels, especially in Germany, but that is because energy traders and utilities have made the decision not to purchase gas for storage because it was relatively expensive and actually selling that to Asia has been more profitable.
The UK energy market is too dependent on the price of gas to set the marginal rate, that's a government and regulatory failure over the last two decades and not one that seems about to be addressed. |  |
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| January Energy Cap estimated to be 28% Increase on 10:39 - Nov 6 | JakeITFC |
| January Energy Cap estimated to be 28% Increase on 10:13 - Nov 6 by Steve_M |
No, it's because oil and gas prices have increased because of Trump's war with Iran. There has been less of both on the global market with the Strait of Hormuz largely closed.
Over the course of this year China has released oil from it's inventories which has kept oil prices lower elsewhere but now they need to be refilled.
Throughout this year the oil forward price has - unrealistically in my view - assumed an end to the war so it's been underpriced versus demand if anything. For the same reason I'm sceptical that Vance demanding an end to the war is going to bring it about and, thus, yesterday's fall in oil prices may not last.
As for gas, 20% of global LNG comes from Qatar which, until very recently, has struggled to export any tankers through the Strait of Hormuz. Some of that shortfall has been filled by increased US production but, for much of 2026, there has also been less gas on the global market.
The storage point is partially correct, although the UK has pitiful amounts since Centrica closed Rough a few years back so this country remains exposed to European gas prices. European storage levels, especially in Germany, but that is because energy traders and utilities have made the decision not to purchase gas for storage because it was relatively expensive and actually selling that to Asia has been more profitable.
The UK energy market is too dependent on the price of gas to set the marginal rate, that's a government and regulatory failure over the last two decades and not one that seems about to be addressed. |
Add in billions of pounds of additional costs for system balancing too. |  | | |
| January Energy Cap estimated to be 28% Increase on 12:55 - Nov 6 | The_Flashing_Smile |
As I've said before, how can they call it a cap when it moves up every now and again? It's just nonsense to call it a cap if it can move! |  |
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| January Energy Cap estimated to be 28% Increase on 13:16 - Nov 6 | Steve_M |
| January Energy Cap estimated to be 28% Increase on 12:55 - Nov 6 by The_Flashing_Smile |
As I've said before, how can they call it a cap when it moves up every now and again? It's just nonsense to call it a cap if it can move! |
It's a flawed policy because capping retail energy prices when wholesale prices are uncapped - and how can they be capped when they are global? - is only possible with either regular adjustments as we see here or leaving energy retailers or governments at risk of bankruptcy by exposing them to the differential.
California nearly went bankrupt 25 years ago because Enron, amongst others, manipulated the wholesale power market. | |
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| January Energy Cap estimated to be 28% Increase on 13:57 - Nov 6 | Billywitch |
With the BOE announcing what they did yesterday too.
Its a really really terrible time isn't it. And with a government in power that we have, its never going to get any better, unless we start using gherkins or tins of beans to heat the house | | | |
| January Energy Cap estimated to be 28% Increase on 15:02 - Nov 6 | Steve_M |
| January Energy Cap estimated to be 28% Increase on 13:57 - Nov 6 by Billywitch |
With the BOE announcing what they did yesterday too.
Its a really really terrible time isn't it. And with a government in power that we have, its never going to get any better, unless we start using gherkins or tins of beans to heat the house |
Ah, yes. Andy Burnham is responsible for Trump starting a stupid war.
That's the reason interest rates have gone up too, | |
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| January Energy Cap estimated to be 28% Increase on 16:16 - Nov 6 | J2BLUE |
| January Energy Cap estimated to be 28% Increase on 13:57 - Nov 6 by Billywitch |
With the BOE announcing what they did yesterday too.
Its a really really terrible time isn't it. And with a government in power that we have, its never going to get any better, unless we start using gherkins or tins of beans to heat the house |
It just shows how comfortable society is with every day life that the government are being mocked asking people to have 72 hours of supplies on hand.
We're talking the absolute basics for human life for 72 hours and people are mocking it. |  | | |
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| January Energy Cap estimated to be 28% Increase on 16:29 - Nov 6 | Dubtractor |
| January Energy Cap estimated to be 28% Increase on 10:13 - Nov 6 by Steve_M |
No, it's because oil and gas prices have increased because of Trump's war with Iran. There has been less of both on the global market with the Strait of Hormuz largely closed.
Over the course of this year China has released oil from it's inventories which has kept oil prices lower elsewhere but now they need to be refilled.
Throughout this year the oil forward price has - unrealistically in my view - assumed an end to the war so it's been underpriced versus demand if anything. For the same reason I'm sceptical that Vance demanding an end to the war is going to bring it about and, thus, yesterday's fall in oil prices may not last.
As for gas, 20% of global LNG comes from Qatar which, until very recently, has struggled to export any tankers through the Strait of Hormuz. Some of that shortfall has been filled by increased US production but, for much of 2026, there has also been less gas on the global market.
The storage point is partially correct, although the UK has pitiful amounts since Centrica closed Rough a few years back so this country remains exposed to European gas prices. European storage levels, especially in Germany, but that is because energy traders and utilities have made the decision not to purchase gas for storage because it was relatively expensive and actually selling that to Asia has been more profitable.
The UK energy market is too dependent on the price of gas to set the marginal rate, that's a government and regulatory failure over the last two decades and not one that seems about to be addressed. |
Yep.
Part of my job relies on being informed on energy markets, and this matches the intel shared with me.
Its very unlikely to improve any time soon, either. Unless peace breaks out in Ukraine and/or Iran. |  |
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| January Energy Cap estimated to be 28% Increase on 16:35 - Nov 6 | football |
| January Energy Cap estimated to be 28% Increase on 16:29 - Nov 6 by Dubtractor |
Yep.
Part of my job relies on being informed on energy markets, and this matches the intel shared with me.
Its very unlikely to improve any time soon, either. Unless peace breaks out in Ukraine and/or Iran. |
Not a chance with Trump still around! I'm tempted to invoice him for my massive rise in oil costs | | | |
| January Energy Cap estimated to be 28% Increase on 17:44 - Nov 6 | The_Flashing_Smile |
| January Energy Cap estimated to be 28% Increase on 16:29 - Nov 6 by Dubtractor |
Yep.
Part of my job relies on being informed on energy markets, and this matches the intel shared with me.
Its very unlikely to improve any time soon, either. Unless peace breaks out in Ukraine and/or Iran. |
I have wondered if he might end the war, claim victory there but also claim the success of the US gas prices subsequently going back to normal is down to him. Plenty of Americans would fall for it. | |
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| January Energy Cap estimated to be 28% Increase on 18:06 - Nov 6 | jasondozzell |
| January Energy Cap estimated to be 28% Increase on 15:02 - Nov 6 by Steve_M |
Ah, yes. Andy Burnham is responsible for Trump starting a stupid war.
That's the reason interest rates have gone up too, |
Burnham is Starmer but he likes The Fall and has a pulse. That's a marked improvement but it's not enough at a time of crisis.
We need radical government with big ideas.
40 years of neiliberalism needs to end says Andy but so far it's Labour Together gardening at the edges stuff.
Politics has essentially outsourced governing. That can't carry on. |  | | |
| January Energy Cap estimated to be 28% Increase on 18:18 - Nov 6 | Swansea_Blue |
| January Energy Cap estimated to be 28% Increase on 10:13 - Nov 6 by Steve_M |
No, it's because oil and gas prices have increased because of Trump's war with Iran. There has been less of both on the global market with the Strait of Hormuz largely closed.
Over the course of this year China has released oil from it's inventories which has kept oil prices lower elsewhere but now they need to be refilled.
Throughout this year the oil forward price has - unrealistically in my view - assumed an end to the war so it's been underpriced versus demand if anything. For the same reason I'm sceptical that Vance demanding an end to the war is going to bring it about and, thus, yesterday's fall in oil prices may not last.
As for gas, 20% of global LNG comes from Qatar which, until very recently, has struggled to export any tankers through the Strait of Hormuz. Some of that shortfall has been filled by increased US production but, for much of 2026, there has also been less gas on the global market.
The storage point is partially correct, although the UK has pitiful amounts since Centrica closed Rough a few years back so this country remains exposed to European gas prices. European storage levels, especially in Germany, but that is because energy traders and utilities have made the decision not to purchase gas for storage because it was relatively expensive and actually selling that to Asia has been more profitable.
The UK energy market is too dependent on the price of gas to set the marginal rate, that's a government and regulatory failure over the last two decades and not one that seems about to be addressed. |
True, although none of that counters the fact that the energy companies are also profiteering out of the conflict to record levels. Every set of results released in the last few months has been a notable one, either hitting multi-decade highs or doubling/tripling year on year.
We should have been ramping up renewables quicker than we have been. It’s frustrating that there’s not more talk about getting cracking more now. |  |
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| January Energy Cap estimated to be 28% Increase on 18:33 - Nov 6 | Steve_M |
| January Energy Cap estimated to be 28% Increase on 18:06 - Nov 6 by jasondozzell |
Burnham is Starmer but he likes The Fall and has a pulse. That's a marked improvement but it's not enough at a time of crisis.
We need radical government with big ideas.
40 years of neiliberalism needs to end says Andy but so far it's Labour Together gardening at the edges stuff.
Politics has essentially outsourced governing. That can't carry on. |
None of which has anything to do with why energy prices and inflation have both increased. | |
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| January Energy Cap estimated to be 28% Increase on 18:54 - Nov 6 | Mullet |
| January Energy Cap estimated to be 28% Increase on 18:33 - Nov 6 by Steve_M |
None of which has anything to do with why energy prices and inflation have both increased. |
Yeah but you can't shoehorn a baseless whinge thinking like that. |  |
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| January Energy Cap estimated to be 28% Increase on 19:27 - Nov 6 | Cheera |
| January Energy Cap estimated to be 28% Increase on 12:55 - Nov 6 by The_Flashing_Smile |
As I've said before, how can they call it a cap when it moves up every now and again? It's just nonsense to call it a cap if it can move! |
Not really. It's a cap that gets reviewed each quarter in line with market prices.
The UK regulator (OFGEM) can help stop UK suppliers from ripping off customers but it can't control global market prices. | | | |
| January Energy Cap estimated to be 28% Increase on 19:43 - Nov 6 | jasondozzell |
| January Energy Cap estimated to be 28% Increase on 18:33 - Nov 6 by Steve_M |
None of which has anything to do with why energy prices and inflation have both increased. |
It's just part of the crisis that is beginning to engulf us that we need leaders to address.
Third way triangulation no good anymore.
Policy, policy, policy.
Burnham can't even countenance public ownership. | | | |
| January Energy Cap estimated to be 28% Increase on 20:00 - Nov 6 | The_Flashing_Smile |
| January Energy Cap estimated to be 28% Increase on 19:27 - Nov 6 by Cheera |
Not really. It's a cap that gets reviewed each quarter in line with market prices.
The UK regulator (OFGEM) can help stop UK suppliers from ripping off customers but it can't control global market prices. |
I know what it does. I just don't think you should call it a cap if it can move (constantly up, it seems). Call it the market regulator, or something. The idea of a cap is that's the top of something. A limit or ceiling in this context. Except that it's not. | |
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| January Energy Cap estimated to be 28% Increase on 20:11 - Nov 6 | Swansea_Blue |
| January Energy Cap estimated to be 28% Increase on 20:00 - Nov 6 by The_Flashing_Smile |
I know what it does. I just don't think you should call it a cap if it can move (constantly up, it seems). Call it the market regulator, or something. The idea of a cap is that's the top of something. A limit or ceiling in this context. Except that it's not. |
I’m with you on this. It catches out a lot of people and those sorts that try to help/explain things to consumers (I’m thinking of Martin Lewis mainly) constantly have to explain that it’s not a cap in the sense of all people understand. He’s coming more from the angle that it doesn’t cap the total amount you can pay, but it’s obvious some people are getting confused by it one way or another. The fact he has to keep telling people how it works suggests it not clear enough/named appropriately. | |
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| January Energy Cap estimated to be 28% Increase on 21:09 - Nov 6 | Mark |
Plug-in solar is now legal in the UK and could save you a lot of money over the years. Apparently costs £450 but I have heard of people getting it cheaper than that.
https://energysavingtrust.org. |  | | |
| January Energy Cap estimated to be 28% Increase on 02:46 - Nov 7 | StNeotsBlue |
| January Energy Cap estimated to be 28% Increase on 18:06 - Nov 6 by jasondozzell |
Burnham is Starmer but he likes The Fall and has a pulse. That's a marked improvement but it's not enough at a time of crisis.
We need radical government with big ideas.
40 years of neiliberalism needs to end says Andy but so far it's Labour Together gardening at the edges stuff.
Politics has essentially outsourced governing. That can't carry on. |
Neil has a lot to any for. |  | | |
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