Energy contract

Franbern Interesting article here www.current-news.co.uk/news/ofgem-to-lower-shareholder-returns-and-direct-investment-to-greening-local-networks

Ofcom controls dividends. Only the first couple of paragraphs really matter and this suggests dividends are tied to the Consumer Price Index, the one the government prefer because it doesn't rise as fast as the old Retail Price Index.

Monica seems to mean that we, the consumers, have to pay the costs of failed companies. Note that shareholders in non-failed companies still get large dividends.

I always understood that capitalism meant that anyone purchaisng shares in any company took the risk in getting good dividends, but also of loosing their investment monies.

We, poor mugs, non shareholding consumers are having to pay these costs also.

Franbern Here is a link that explains it all far more effectively than I can myself. www.goodenergy.co.uk/what-are-standing-charges-and-why-are-they-increasing/

Thanks, everyone. Checked on both of those sites. Seems as if the one that EDF is offering me is cheaper than anything on those, so will stick with them.

What really annoys me with this increased energy costs is the Standing Charge. So my gas one will rise from 20.08p per day to 28.48p per day and the leccie one hikes up from 24.59p per day to an incredible 52.64p per day. Cannot work out how anything happening in the energy world can justify these.

I usually go to uSwitch.com to compare deals but due to the current situation you may find that the variable rate is a much better deal in that the rate per unit is much lower.
The rate may vary but you can still pay by a fixed amount every month.
At the moment, unless you have a crystal ball, it's very difficult to predict what will be a good deal.

You can find which tariff is best for you here:
Clubs.moneysavingexpert.com

I think you'll find that there isn't much choice of tariff now and there probably aren't any fixed ones either.

Try Moneysupermarket you can compare providers there and see the deals best for you.