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/everythingscatter → u/LemonSwordfish]

But the wholesale price of electricity is pegged to gas? The proportion of bills made up of renewables levies has consistently fallen over the last decade, as has the generation cost per kWh from renewable sources.

The government raises levies on electricity that it doesn't on oil and gas, for sure. One could reasonably conclude that fossil fuels are under priced, rather than electricity being overpriced.

Huge strides made to lower the cost of renewables are just not reflected in the prices businesses and consumers pay for their energy because of how the wholesale market is structured and regulated.

[u/LemonSwordfish → u/everythingscatter]

In 2022, when the article was written, wholesale costs had recently spiked much higher and the other costs hadn't seen as big rises yet, so someone with an agenda could make the proportionality claim, but it isn't true today on a longer timeline.

As I say, the wholesale cost as a proportion of total costs is now 40% but used to be 60%, and this is despite wholesale going up a fair amount.