UK energy costs - why are we paying so much compared to other countries and why does nothing ever seem to change?
Posted by Suspicious-Plan-7001@reddit | AskUK | View on Reddit | 23 comments
Can we talk about energy bills for a second? Because I feel like everyone I speak to is in the same boat shocked by how much we’re paying, confused about why, and frustrated that nothing meaningful seems to be getting done about it.
From what I can tell and from speaking to people,
we pay some of the highest electricity prices in Europe. Not a little higher significantly higher. And yet we’re constantly told things are improving, the price cap is coming down, renewables are booming. So why does it still feel so painful every single month?
Then there’s the whole new build situation. So much new housing is now being built with heat pumps and district heating sold as the green, modern solution. But talking to people who actually live with these systems, including myself, the reality is often pretty grim. The heating barely does its job, you can’t control it properly, and you’re still paying through the nose for it. I’ve genuinely stopped bothering turning mine on because it doesn’t even warm the place up. It’s a system that’s been mandated top-down without seemingly much thought about whether it actually works for the people living with it.
And standing charges don’t even get me started. You pay just to be connected, before you’ve used a single unit of anything. It feels like death by a thousand cuts.
The thing that really gets me is the business angle. High energy costs aren’t just a household problem they make it harder for businesses to operate, invest, and grow. That affects all of us. It’s hard to understand why this isn’t being treated as the economic crisis it actually is.
I don’t think people are asking for miracles. Just some honest acknowledgement of how bad it is, and some actual urgency about fixing it. What’s everyone else’s experience , are you feeling this too?
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Dependent-Ganache-77@reddit
Green levies and distribution networks cost a lot. We also need to run gas stations somewhat frequently. There isn’t much more to it than that. Retailers make just a few percentage points of margin on supply.
doc1442@reddit
Ah of course, that’s why my electricity here in Denmark costs ~13p with 91% from ‘low’ CO2 sources right now.
Mr_Coastliner@reddit
Perhaps the 98% tax cut had something to do with it..
Dependent-Ganache-77@reddit
I’m a power trader, but I’m sure you have more insight random person on the internet.
blahblahblah1234_@reddit
Because
Suspicious-Plan-7001@reddit (OP)
We have reserves in the North Sea — I get that we need to transition away from fossil fuels and nobody’s arguing climate change isn’t real. But the situation in the Middle East has shown pretty starkly that we’re still heavily dependent on oil and gas whether we like it or not. So given that, why are we leaving our own reserves untouched? Even if it’s not a huge amount, domestic supply feels like a no-brainer over being at the mercy of global events we have no control over. Shutting it all down before we have a genuine alternative in place feels like we’ve jumped ahead of ourselves
Johnny-Alucard@reddit
This is such a bot post. Heat pumps are absolutely fine. Norway and Finland use them ffs. This guy doesn’t “talk to people” who has them.
citrousredux74@reddit
Because the Green Party
ABCDOMG@reddit
The Green party that has never been in power to make any overarching decisions about our energy infrastructure is to blame!? Incredible.
Direct_Vegetable1485@reddit
If we'd invested in wind and solar we could have made virtually all our energy domestically and been protected from external shocks, but it's been tarnished as a hippy thing 🙄
Opposite_Funny9958@reddit
Because the shareholders need their profits and bonuses before anything else. Thanks thatcher.
Mr_Coastliner@reddit
Perhaps if the headline tax on Fossil fuels wasn't 78%, they would be able to reduce the consumer price. It's not as if all the public sector industries pre-Thatcher were running smoothly, investing in infrastructure and had low cost (prices actually reduced post privatisation). That's before we visit the debt issues the Government were facing without the massive cash influx of selling to private.
bozwold@reddit
I think it's the last squeeze of capitalism. They know it won't last forever so every large board of directors operating million/billion pound industries are trying to get what they can, while they can until there is nothing left to take. The only end goal is to have the most money. Energy, food, fuel, tax...bleed the people as much as possible
Why? I don't know, because they can I suppose
KaleidoscopeFull9951@reddit
I feel this too. That eventually legislation will have to come in to stop the country coming to a standstill due to inability of citizens and small businesses to function. So the big corporations, energy giants, etc, are just taking as much as they can before they are stopped. Probably simplistic and wishful thinking.
nivlark@reddit
Prices are high because we are politically and geographically isolated, because we have failed to invest in our transmission network for more than 50 years, and because absurd nimbyism makes it expensive to build anything here. We also have the oldest and poorest-insulated housing stock of any western European country, again because of our aversion to investment and our insane planning laws.
Heat pumps are efficient and effective, and are near-ubiquitous in Scandinavian countries which have far more extreme climates than ours. There are horror stories of cowboy installers bodging them in, but the technology itself is well-proven. As for district heating, government has failed to regulate it allowing the providers to charge what they like with no potential recourse for tenants. There are now plans to introduce regulation, but I don't know what that will mean or when changes will happen.
What do you think government should be doing?
MarshalOverflow@reddit
Because of an over reliance on imported natural gas that leaves us open to volatile markets and a marginal pricing system that means even energy created from renewable sources is sold at the price of gas.
Special shoutout to successive British governments who due to short sighted, myopic focus on votes mean that they scarcely plan beyond the next election cycle.
Emotional_Half_7679@reddit
All our energy companies are pretty much owned by other countries, we didnt invest in nuclear soon enough. We are paying for Green levies in some form or another, when shareholders have been paid out instead of investment.
Fluffy-Mycologist259@reddit
Corruption
SJusticeWarLord@reddit
We are good at complaining in private but not in public. Polite, stiff upper lip, keep calm and carry on etc. This is how they get away with charging us slightly more for goods and services. You make a good point about how these costs ultimately hurt everyone.
290Richy@reddit
Because this country, since COVID and turned into a capitalist cesspit, we manufacture very little, we rely solely on imports, the politicians don't know how to get it under control nor do they have a back bone.
Plus we have a very weak nation when it comes to voting with our wallets. We all moan about the price of chains, fuel etc. but we still pay £5 for a basic coffee and we still use BP garages that charge a good 10p-20p more than our local supermarkets.
random-londoner@reddit
Cos wed rather moan and suffer than actually have a general strike over all this sh*t
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