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KevO
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Joined: May 24, 2005
Posts: 2358
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 Posted: Fri Jul 18, 2008 5:48 am Post subject: Energy bills to rise by more than 60% . TSHHTF |
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| Quote: | Energy bills could rise by more than 60% within the next few years, a report for the UK's biggest domestic energy supplier Centrica has said.
It said annual average gas bills could rise from £600 to more than £1,000 early in the next decade.
Continuing high oil prices could lead to rises in the cost of both gas and electricity, it added.
Centrica managing director Jake Ulrich warned that gas prices were likely to continue rising "for some time".
"I think it is going to hit people hard," he said. |
BBC Main News
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KevO
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Joined: May 24, 2005
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| Posted: Fri Jul 18, 2008 6:08 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us?
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fluffy
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Joined: Jul 26, 2004
Posts: 281
Location: UK
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| Posted: Fri Jul 18, 2008 6:31 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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| KevO wrote: | As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us? |
Invade Russia during the winter.. excellent plan. I'm sure our leaders will go for it. |
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vision-master
Fusion
Joined: May 18, 2006
Posts: 4374
Location: Minneapolis, MN
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| Posted: Fri Jul 18, 2008 6:36 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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| fluffy wrote: | | KevO wrote: | As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us? |
Invade Russia during the winter.. excellent plan. I'm sure our leaders will go for it. |
UK invades Russia,,,,,,,,,,,,,,,battle lasts two days.  |
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energycity
Heavy Crude
Joined: Apr 22, 2008
Posts: 124
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| Posted: Fri Jul 18, 2008 6:48 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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UK invades Russia? There's no need; most of the Russians are in London.
| KevO wrote: | | Energy bills could rise by more than 60% within the next few years, a report for the UK's biggest domestic energy supplier Centrica has said. |
At least it seems slightly more optimistic than the Financial Times:
LINK
| Quote: | | When the oil price rises, the gas price follows, typically with a lag of about nine months. A report this week from Cambridge Energy Research Associates, another consultancy, predicted that European gas prices would roughly double from the start of 2008 to April 2009, as a result of the rise in oil from about $70 a barrel a year ago to roughly $140 a barrel today. |
Methinks I'll be wearing an extra layer or two this winter.  |
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Olaf
Heavy Crude
Joined: Sep 09, 2004
Posts: 393
Location: Upstate New York, U.S.A.
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| Posted: Fri Jul 18, 2008 7:26 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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Here in Upstate New york, the papers have taken to warning folks that they can expect to pay an extra $700 + for fuel oil this winter. The local suppliers have stopped taking pre-pay purchases at a locked in rate.
Olafr
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3aidlillahi
Intermediate Crude
Joined: Mar 25, 2008
Posts: 696
Location: Alif Lam Mim
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| Posted: Fri Jul 18, 2008 7:39 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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| Olaf wrote: | Here in Upstate New york, the papers have taken to warning folks that they can expect to pay an extra $700 + for fuel oil this winter. The local suppliers have stopped taking pre-pay purchases at a locked in rate.
Olafr |
I'd be putting my money into an extra tank and fill that baby up as well to hedge for next year's price increases. Or switch over the NG and do the same thing with an extra tank or two as well as a wood burning furnace and extra coats to make those tanks last several years.
But I'm in the warm South, so I'm fine as is. 
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 763
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| Posted: Fri Jul 18, 2008 8:43 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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| KevO wrote: | As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
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lol good luck with catching up with that kind of inflation 
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Twilight
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Joined: Mar 02, 2007
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Location: UK
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WyoDutch
Tar Sands
Joined: May 24, 2008
Posts: 99
Location: Park County, Wyoming
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| Posted: Fri Jul 18, 2008 12:53 pm Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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Evidently, the energy companies are expecting a lot of consumers will be unwilling/unable to pay for heating costs this coming fall & winter.
Here in NW Wyoming, one of the largest suppliers of home heating propane has sent notification to all of their customers... advising that all future deliveries of propane will be CASH/CREDIT CARD ON DELIVERY... no more "on account" sales.
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the48thronin
Heavy Crude
Joined: May 30, 2008
Posts: 221
Location: On the highway, or the water somewhere!
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| Posted: Fri Jul 18, 2008 1:27 pm Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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| WyoDutch wrote: | Evidently, the energy companies are expecting a lot of consumers will be unwilling/unable to pay for heating costs this coming fall & winter.
Here in NW Wyoming, one of the largest suppliers of home heating propane has sent notification to all of their customers... advising that all future deliveries of propane will be CASH/CREDIT CARD ON DELIVERY... no more "on account" sales. |
My supplier said the same in Alabama when I topped of the 1000 gallon tank that furnishes gas to my stove... I should nt have to use the wood cook stove for the next 5 years...LOL unless grandma uses the oven to add heat to the house. ( she gets tired of splitting wood for the heater....)
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sameu
Intermediate Crude
Joined: Aug 18, 2005
Posts: 529
Location: Belgium, Europe
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| Posted: Fri Jul 18, 2008 2:36 pm Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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year after year it will get worse
people like to hope oil is gonna come down, that this is only temporarily
it will be hard
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misterno
Heavy Crude
Joined: Mar 07, 2007
Posts: 301
Location: Houston, TX
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| Posted: Sat Jul 19, 2008 11:12 am Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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people are complaining about price of heating oil
what are they going to do when the price hits $10/gal |
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Pretorian
Light Sweet Crude
Joined: Apr 08, 2006
Posts: 1334
Location: Somewhere there
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| Posted: Sat Jul 19, 2008 2:50 pm Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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| fluffy wrote: | | KevO wrote: | As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us? |
Invade Russia during the winter.. excellent plan. I'm sure our leaders will go for it. |
Last winter Mioscow didnt have snow till mid-January or so . |
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Minvaren
Tar Sands
Joined: Sep 25, 2005
Posts: 80
Location: Planet Houston
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| Posted: Sat Jul 19, 2008 3:38 pm Post subject: Re: Energy bills to rise by more than 60% . TSHHTF |
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There was a bit on NPR recently (Talk of the Nation?) that advised listeners that within 2-3 years, the cost to heat a home via electric versus gas/oil would be about the same, and that people needed to get ready for that now.
If that's the case, plug-in hybrids + increased electric heat is going to kill the grid as it stands right now. At least, my electric meter spins 50% faster when the heat's running versus the A/C. |
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