Manx Gas MEGA Price Rise

[Non-Believer]

33 minutes ago, GD4ELI said:

Factor in the 43% and as was mentioned on Facebook Manx Gas is ~3 x the price of UK Gas.

And yet our Gas comes from an interconnector on the UK/Ireland pipeline. It's not like we have our own, particularly rare and expensive type of Gas. In fact, the only thing that makes it that expensive is the involvement and interaction of the MUA and MG.

So perhaps people need to be seeing some figures from both MG and IoMG explaining the huge disparity?

[Numbnuts]

9 minutes ago, Dirty Buggane said:

Tell me again how much the electricity standing charge is, must of missed it on my last bill. 🤔

Theres def a electrity standing charge . 

[Numbnuts]

Standing and unit Current charges

Domestic and pre-payment

 Domestic Customers  

Unit Charge pence per unit	Standing Charge  pence per day
22p	21.2p

Edited August 6, 2022 by Numbnuts

[Happier diner]

1 hour ago, Dirty Buggane said:

Tell me again how much the electricity standing charge is, must of missed it on my last bill. 🤔

20.2p per day. 

[asitis]

2 hours ago, Non-Believer said:

Tell Alex Allinson. I'm sure he'll be more than willing to incorporate that into his next good news release. Remind him to tell us why we're paying our "Toilet Tax" Sewage Charge too.

Hamstrung by the MEA antics coupled with the current situation ....... a perfect storm !

[Dirty Buggane]

56 minutes ago, Happier diner said:

20.2p per day. 

21.2 pence per day, and will this increase if you use less electric.

[cissolt]

2 hours ago, Non-Believer said:

And yet our Gas comes from an interconnector on the UK/Ireland pipeline. It's not like we have our own, particularly rare and expensive type of Gas. In fact, the only thing that makes it that expensive is the involvement and interaction of the MUA and MG.

So perhaps people need to be seeing some figures from both MG and IoMG explaining the huge disparity?

MG make 5% profit regardless of price.  This is based on EBITDA, which is easily manipulated.  

Gas prices have been volatile, but one thing's for sure Manx gas are making at least 5% profit guaranteed by government 

[Non-Believer]

I just pulled this shot off FB, the shown poster had posted it in a discussion about Gas prices. It purports to show recent years turnover for Ancala LLP, though what contribution MG makes to this is unclear.

 

[SleepyJoe]

Does the remit of the Tynwald Committee on Poverty extend to fuel poverty?

I hope they'll look at all this

[Happier diner]

1 hour ago, Dirty Buggane said:

21.2 pence per day, and will this increase if you use less electric.

Typo on my part.

You are now proving yourself wrong.

[Happier diner]

1 hour ago, cissolt said:

MG make 5% profit regardless of price.  This is based on EBITDA, which is easily manipulated.  

Gas prices have been volatile, but one thing's for sure Manx gas are making at least 5% profit guaranteed by government 

That's the trouble with contracts, companies run with them.

[asitis]

38 minutes ago, Happier diner said:

That's the trouble with contracts, companies run with them.

and by god on the island we've had some piss poor ones !

[Happier diner]

1 hour ago, asitis said:

and by god on the island we've had some piss poor ones !

Perhaps. But we can't keep blaming Manx Gas for working to a contract even if its in their favour. 

[SleepyJoe]

Does the contract allow for 44% price increases?

[Happier diner]

11 minutes ago, SleepyJoe said:

Does the contract allow for 44% price increases?

I have no idea. I thought it was a formula based upon the wholesale price. Its been discussed on here many times. Didn't our resident stato @Roger Mexico explain it once. 

Whatever the formula, if they can only put it up 44% I'd say we were doing pretty well out of it. 

Edited August 6, 2022 by Happier diner