Manx Gas MEGA Price Rise

[Happier diner]

4 hours ago, NoTailT said:

Bonkers. Nothing more.

Should MUA be held to account for refusing to allow MG to hedge?

I think you have got yourself confused.

[forestboy]

At least the crude oil futures have eased about 10%

[Max Power]

6 minutes ago, Happier diner said:

What would they do. Have you not heard there is  global gas crisis. Had you not heard that Putin has us all by the balls. 

I'm afraid it's going to get worse not better. 

Not sure why anyone would think Manx Gas at making money out of this debacle. They are a retailer and not a producer or even a distributor. 

Everyone apart from @Boris Johnsonand @Observer + a few others are living in cloud cuckoo land. Blaming Callister,  what on earth can he do? 

The UK buys our gas, less than 3% was bought from Russia. There is blatant profiteering by someone somewhere, the backlash has to work its way upwards, or we just eat shit!

[Non-Believer]

1 hour ago, Asthehills said:

Are energy suppliers like Manx Gas making record profits?  Last I heard they were going out of business all over the place.

Different situation? They are in cut-throat competition with each other, leading to offering unsustainable terms in order to attract customers.

MG are a monopoly supplier. And have used that position to full advantage in the recent past.

[SleepyJoe]

They've had years to invest the taxpayers money in renewable energy generation & have done absolutely fuck all about it

[NoTailT]

21 minutes ago, Happier diner said:

I think you have got yourself confused.

Probably.

I linked to the story earlier, didn't the Gov / MUA refuse MG hedging due to credit risk?

[Bandits]

3 hours ago, Amadeus said:

While energy suppliers rake in record profits, I’d argue there is something that could be done about the gas price. 

Government is also raking in excessive amounts of VAT from vastly inflated energy sales. 

[Non-Believer]

And our Govt does love its VAT as we all know....

[Numbnuts]

24 minutes ago, Bandits said:

Government is also raking in excessive amounts of VAT from vastly inflated energy sales. 

Yes , good point and all the restaurants etc have put up there prices because of Electric and gas increases so its a big win win on that score .  

[Holte End]

1 hour ago, Happier diner said:

Blaming Callister,  what on earth can he do?

It is more what he hasn't done.

[GD4ELI]

8 minutes ago, Numbnuts said:

Yes , good point and all the restaurants etc have put up there prices because of Electric and gas increases so its a big win win on that score .  

Not really - there's only so much money people have to spend.

[asitis]

18KG bottle gas £78.00 !

[finlo]

11 minutes ago, GD4ELI said:

Not really - there's only so much money people have to spend.

Indeed, won't be long until people can no longer afford to frequent them pubs also.

[Numbnuts]

15 minutes ago, GD4ELI said:

Not really - there's only so much money people have to spend.

You would think so but was in Just Pizza and Pasta last night with visiting friends and when leaving at 7 ish the entrance foyer area was rammed , at least 20 people , with people waiting for there tables or on walk ins. The place was full and on a wednesday too.. Clearly some have money still . 

Prices were around £2 to £3 higher than a year or so ago .

Edited August 4, 2022 by Numbnuts

[Ham_N_Eggs]

Just now, Numbnuts said:

You would think so but was in Just Pizza and Pasta last night with visiting friends and when leaving at 7 ish the entrance foyer area was rammed , at least 20 people , with people waiting for there tables or on walk ins. The place was full and on a wednesday too.. Clearly some have money still . 

For now. Not many people will be using heating at the moment wait till the cold weather sets in. I'm just hoping for everyone's sakes it's another mild winter.