No
You get your price of gas for the year ahead from your broker
You add your overhead and a margin on that annual cost
You chunk it up into a 12 month payment plan
Then you sell to the customer and if they pay and you got your overheads right, you make your 10% or whatever.
Except in the B2C space that 12 month cost of supplying the gas is around 3x what you can charge your customer. (A bit less with the new cap and gap closes a bit more in Oct)
Each price capped house is costing the supplier several thousand pounds in LOSS to serve it.
Posted By: CWC on May 17th 2022 at 09:39:10
Message Thread
- wrath advice required (General Chat) - shoddy, May 17, 08:35:23
- You need to respect the will of the people (n/m) (General Chat) - ChampsChamps2023, May 17, 13:09:26
- Supernanny has spoken.... (General Chat) - Captain Bligh, May 17, 15:03:48
- if you think its wrong ... its wrong (n/m) (General Chat) - ghostof barry butler, May 17, 08:50:08
- Profound (General Chat) - CWC, May 17, 08:53:02
- why (n/m) (General Chat) - ghostof barry butler, May 17, 09:09:58
- Interesting thread on gas (General Chat) - SCC 28, May 17, 09:05:26
- Love those threads (General Chat) - CWC, May 17, 09:32:18
- Saw that earlier (General Chat) - jamesward, May 17, 09:14:12
- No (General Chat) - CWC, May 17, 09:39:10
- though the price cap doesn't allow for anything like 10% (n/m) (General Chat) - watfordcanary, May 17, 11:56:14
- As I said. Price cap B2C is massively loss making (General Chat) - CWC, May 17, 12:10:47
- The margin built in is less that 2% and yes, most standard tariffs are loss making now (n/m) (General Chat) - watfordcanary, May 17, 12:42:20
- all SVTs I'd imagine (General Chat) - CWC, May 17, 14:06:20
- I'm going by an article in the Guardian on the makeup of the cap (General Chat) - watfordcanary, May 17, 15:16:07
- all SVTs I'd imagine (General Chat) - CWC, May 17, 14:06:20
- The margin built in is less that 2% and yes, most standard tariffs are loss making now (n/m) (General Chat) - watfordcanary, May 17, 12:42:20
- As I said. Price cap B2C is massively loss making (General Chat) - CWC, May 17, 12:10:47
- And if we get back to where things were (General Chat) - SCC 28, May 17, 10:01:02
- depends... (General Chat) - CWC, May 17, 10:33:03
- Cheers (General Chat) - SCC 28, May 17, 10:52:38
- Not sure that the cap will but new fixed deals might (General Chat) - CWC, May 17, 11:23:01
- Cheers (General Chat) - SCC 28, May 17, 10:52:38
- depends... (General Chat) - CWC, May 17, 10:33:03
- Right, ta (n/m) (General Chat) - jamesward, May 17, 09:53:19
- though the price cap doesn't allow for anything like 10% (n/m) (General Chat) - watfordcanary, May 17, 11:56:14
- No (General Chat) - CWC, May 17, 09:39:10
- What if he’s wrong? (n/m) (General Chat) - SCC 28, May 17, 08:51:11
- Then he's wrong. (n/m) (General Chat) - protheroe fitzgibbon, May 17, 10:24:31
- It's his truth, so right and wrong don't count (n/m) (General Chat) - paulg, May 17, 10:04:42
- Can we stop banging on about Todd Cantwell please? (n/m) (General Chat) - jamesward, May 17, 10:41:07
- Profound (n/m) (General Chat) - SCC 28, May 17, 10:06:39
- Sounds a bit snowflake to me (n/m) (General Chat) - Legacy Fan, May 17, 10:12:31
- Profound (General Chat) - CWC, May 17, 08:53:02
- Yes, no, maybe (General Chat) - Cardiff Canary, May 17, 08:47:16
- You need to respect the will of the people (n/m) (General Chat) - ChampsChamps2023, May 17, 13:09:26
Reply to Message
In order to add a post to the WotB Message Board you must be a registered WotB user.
If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.