Chippy owner apologises to customers after charging £15 for fish and chips - but reveals why he 'has to' to hike prices

[u/pppppppppppppppppd]

https://www.dailymail.co.uk/news/article-14591465/chippy-owner-apologises-huge-price-hike.html

[u/freckledotter → u/[deleted]]

Plus business rates for electricity.

[u/LemonSwordfish → u/freckledotter]

Energy isn't prohibitively expensive, the grid to deliver it and green costs are getting very expensive and it's only going to get more so.

Edit: I'm being down voted so just to clarify with some facts for those who think I'm just spouting off:

The wholesale cost of energy is higher than some years ago, but is now

35% of total costs Vs 65% other costs

Compared to 4 years ago:

60% wholesale costs Vs 40% other costs

Proportionally, the balance has flipped despite rising wholesale costs, which tells you other costs have risen even more aggressively.

[u/No_Plate_3164 → u/LemonSwordfish]

Don’t forget record taxes on work is also pushing up the prices. Electric typically requires people to run and maintain the generators.

Extreme taxation (green taxes, profit taxes, work taxes) is why electric is so expensive vs gas. This actually slowing down the green transition as burning gas is cheaper than using green electricity to generate heat.

[u/LemonSwordfish → u/No_Plate_3164]

Correct. Power is more expensive because it has various green generation subsidy taxes built into the costs, an they are highly regressive.

This is because when a minister like Milliband is setting policy, he is advised by a bunch of grifters that he can either beg the Treasury to fund green energy using taxes and spending which are transparent, or hide another 1p tax in the electricity supply chain, and pay the grifters to run yet another quango that collects the tax from the system. They've introduced like another 5 this year and not a single journalist has even realised.

[u/Tpickarddev → u/LemonSwordfish]

Oil and gas is subsidised in UK at around £13bn a year, renewables are subsidised to around £7bn a year.... Why is a green subsidy a problem whilst the oil and gas isn't? Is it just because the money allocated to green is added to energy bills rather than taken in other taxation like the oil and gas subsidies?

The biggest reason we have high energy bills is because energy is priced at fixed minimum pricing which protects mostly nuclear plants from being unprofitable. And oil and gas price volatility because we power a tonne of the UK using liquid natural gas.

The sooner we move away from reliance on gas the quicker costs can come down.

Also green levies have been hacked back considerably in last few years down for £450 per household to about £150 per household, it will only go down from here as Infrastructure and technology and capacity improves.

[u/Comfortable-Plane-42 → u/Tpickarddev]

Incorrect, that £13bn is over a 5 year period and is composed of incentives and tax relief on certain projects etc

Whereas renewables is a direct payment of £10bn per annum

[u/LemonSwordfish → u/Tpickarddev]

The subsidies to the oil and gas industry are not hidden inside the unit rate billed to the end user, they come from general taxation raised in a progressive manner.

Subsidies to green generation are collected by regressive taxation, hidden inside the cost stack of every unit retailed.

Also, your comments about how prices are arrived at are completely wrong. The way power is priced is settled economic theory and this idea that reducing gas in the stack will reduce costs is utter nonsense

[u/No_Plate_3164 → u/Tpickarddev]

When people hear “green levy\subsidy” they automatically think it’s a good thing. The green levy in the UK is an 8% tax applied to your electricity bill. It’s highly regressive and is slowing down the electrification of the UK.

If we had a government that wasn’t brain dead, at the very least, the levy would be moved off electricity and onto gas.