in all seriousness...

...I think they will look to do something like Trent's solution.

I assume any freeze is simply going to be Govt stepping in to pay the balance of what the capped price is and the actual supply price.

Suppliers will have taken on hedged commitments for those customers on fixes and will be left with big losses that will need to be compensated.

Posted By: CWC on September 5th 2022 at 13:29:45

Message Thread

This talking of freezing the energy price cap (General Chat) - SCC 28, Sep 5, 11:18:05
- Government will make suppliers allow customers to change tariff free of charge (n/m) (General Chat) - Trent_Canary, Sep 5, 12:59:13
- tough shit (General Chat) - ghostof barry butler, Sep 5, 12:02:39
  - I don’t think it’s the same (General Chat) - SCC 28, Sep 5, 12:11:52
    - did they though? (General Chat) - CWC, Sep 5, 13:19:24
    - sounds just like a deciding to fix your mortgage payments for given period (n/m) (General Chat) - ghostof barry butler, Sep 5, 12:14:42
  - You're all heart (n/m) (General Chat) - jamesward, Sep 5, 12:05:48
- Pay the exit fee (General Chat) - Jester, Sep 5, 11:57:18
  - One guy saying his is £300 (n/m) (General Chat) - SCC 28, Sep 5, 12:02:08
    - Probably still worth it (General Chat) - Jester, Sep 5, 12:13:05
- That’s called hedging gone wrong (General Chat) - Old Git, Sep 5, 11:39:19
- With gas wholesale prices surging again (cheers Putin) (General Chat) - jamesward, Sep 5, 11:30:43
  - And particular cheers to all who those who made us so dependent on him (General Chat) - paulg, Sep 5, 11:44:06
    - I mean i wonder where we could some gas nearer to home (General Chat) - ghostof barry butler, Sep 5, 12:00:13
  - Think they’ll have to (General Chat) - SCC 28, Sep 5, 11:39:59
    - But she's also going to cut taxes (General Chat) - jamesward, Sep 5, 11:43:05
      - it only doesn't add up if you assume there's a solution (n/m) (General Chat) - paulg, Sep 5, 11:45:07
        
        Well, not cutting taxes would be a start (n/m) (General Chat) - jamesward, Sep 5, 11:46:35
        
        whatever it is (and it must be s'thing) it's going to be bloody expensive (n/m) (General Chat) - paulg, Sep 5, 11:50:56
- will just be a gamble that didn't pay off.... (General Chat) - CWC, Sep 5, 11:27:39
  - Surely they fudge it so they only pay what the cap is (n/m) (General Chat) - SCC 28, Sep 5, 11:31:28
    - in all seriousness... (General Chat) - CWC, Sep 5, 13:29:45
      - Yep (n/m) (General Chat) - SCC 28, Sep 5, 13:30:57

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