{"id":282998,"date":"2023-10-12T15:53:16","date_gmt":"2023-10-12T13:53:16","guid":{"rendered":"https:\/\/climatescience.press\/?p=282998"},"modified":"2023-10-12T15:53:19","modified_gmt":"2023-10-12T13:53:19","slug":"energy-firms-adding-242-to-energy-bills-as-profits-soar","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=282998","title":{"rendered":"\u201cEnergy firms adding \u00a3242 to energy bills as profits soar\u201d"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Subsidized renewable green energy brings you higher energy bills.<\/em><\/strong><\/p>\n\n\n\n

Energy companies<\/a>\u2018 operating costs are making up a substantial portion of customers\u2019\u00a0bills<\/a>,\u00a0telling us Energy Live News<\/a><\/em>.<\/p>\n\n\n\n

On average, these operating costs add \u00a3242 to each customer\u2019s annual energy bill<\/a>, accounting for approximately 13% of the total bill, according to a report from the Warm This Winter Tariff Watch.<\/p>\n\n\n\n

The report indicates that energy firms are allocating a considerable chunk of their operating costs to marketing activities.<\/p>\n\n\n\n

This category encompasses expenses related to sponsoring football teams, event venues and the creation of television adverts.<\/p>\n\n\n\n

According to the report, the cost of marketing activities amounts to roughly 11% of their overall operating expenses, charities have said.<\/p>\n\n\n\n

In contrast, spending on maintaining customer<\/a> contact centres, a crucial aspect of ensuring customer satisfaction accounts for around 12% of their operating costs.<\/p>\n\n\n\n

Ofgem allows energy companies to adjust these costs for inflation.<\/p>\n\n\n\n

Over the past six years, this inflation-driven increase has amounted to 37.5%, rising from \u00a3176 annually in April 2017 to \u00a3242 annually as of October 2023.<\/p>\n\n\n\n

However, the authors of the Tariff Watch report argue that this approach lacks transparency and call for a reevaluation of how these operating costs are factored into customers\u2019 bills.<\/p>\n\n\n\n

A spokesperson for Ofgem<\/a> said: \u201cThe standing charge is covered by the price cap, which sets a ceiling on the total amount households can be charged.<\/p>\n\n\n\n

\u201cSuppliers have always been free to structure their tariffs<\/a> as they see fit and we know some suppliers do not have a standing charge<\/a>. However, we continue to keep the issue and how costs are passed on to customers under review.<\/p>\n\n\n\n

\u201cIt remains a complex issue with a recent impact study showed that moving costs from the standing charge to a higher unit rate would result in winners and losers \u2013 and could be particularly damaging for the most vulnerable consumers. This includes those who are unable to reduce their energy usage because of age, disability or reliance on medical equipment.\u201d<\/p>\n\n\n\n

Read the article\u00a0here<\/a><\/em><\/p>\n\n\n\n

\"\"
Image: Shutterstock<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Subsidized renewable green energy brings you higher energy bills. Energy companies\u2018 operating costs are making up a substantial portion of customers\u2019\u00a0bills,\u00a0telling us Energy Live News. On average, these operating costs add \u00a3242 to each customer\u2019s annual energy bill, accounting for approximately 13% of the total bill, according to a report from the Warm This Winter Tariff […]<\/p>\n","protected":false},"author":121246920,"featured_media":283003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Subsidized renewable green energy brings you higher energy bills.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691822351,691819180,691818154,691820065,691823564,691818299],"class_list":["post-282998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-energy-bill","tag-energy-costs","tag-net-zero","tag-ofgem","tag-profits-soar","tag-subsidies","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1bCu","jetpack-related-posts":[{"id":278249,"url":"https:\/\/climatescience.press\/?p=278249","url_meta":{"origin":282998,"position":0},"title":"Guardian: Offshore Wind Fail \u2013 The UK Government Must Make Cheap Renewables More Affordable","author":"uwe.roland.gross","date":"09\/11\/2023","format":false,"excerpt":"\u2018Biggest clean energy disaster in years\u2019: UK auction secures no offshore windfarms","rel":"","context":"In \"British renewable investment\"","block_context":{"text":"British renewable investment","link":"https:\/\/climatescience.press\/?tag=british-renewable-investment"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0Offshore_Wind_Power_shutterstock_486643192.jpg?fit=1200%2C560&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0Offshore_Wind_Power_shutterstock_486643192.jpg?fit=1200%2C560&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0Offshore_Wind_Power_shutterstock_486643192.jpg?fit=1200%2C560&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0Offshore_Wind_Power_shutterstock_486643192.jpg?fit=1200%2C560&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0Offshore_Wind_Power_shutterstock_486643192.jpg?fit=1200%2C560&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":287785,"url":"https:\/\/climatescience.press\/?p=287785","url_meta":{"origin":282998,"position":1},"title":"Germany To Bail Out Siemens\u2019 Struggling Wind Turbine Division","author":"uwe.roland.gross","date":"11\/13\/2023","format":false,"excerpt":"Siemens Energy, facing significant losses, is in talks for up to 15 billion euros in guarantees, with the German state covering 80% of the initial funding. 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