Why are we paying everybody else's debt?

32 replies

Boaee · 19/09/2024 05:02

About energy.

"Separately, the regulator is also adding £28 to everyone's bill over the year to cover the cost of dealing with £3.1bn of debt that customers owe to suppliers."

This is a joke right?

The fucking suppliers have reported profits.

So we have to pay over inflated unit prices.
Stupid high standing charges.
Vat on the whole bill.
And now 28 pound extra a year because the last government made so many people poor.

I know there is nothing I can do about it, but still, I'm bloody annoyed.

AIBU to dream of being off-grid someday?

OP posts:

AliBalliBoo · 19/09/2024 06:39

Time and time again these industries and sectors privatise the profits but socialise the costs.

You'll find some element of the mass propping up of business costs by customers while profits are raked out by the frew across energy, water, rail sectors

Theunamedcat · 19/09/2024 06:28

Water companies do it too my bill is up yet they are leaving a huge leak pissing away for days gallons of water and money literally going down the drain

alpacachino · 19/09/2024 06:20

What?? So I might as well not pay my bills and you'll all pay it for me?

PuddlesPityParty · 19/09/2024 05:56

But no you’re not being unreasonable at all.

PuddlesPityParty · 19/09/2024 05:56

We pay other peoples debt for other things too, I’m not sure why it’s surprising.

SunnySundayAfternoon · 19/09/2024 05:32

It's a captive market. Because of that, they do what they want and get away with it. You can blame the last government all you want but Labour aren't exactly giving any sign of stopping this from happening, so how are they any better.

As it stands right now, it actually looks like they're going to be much worse.

TheRussiansAreComing · 19/09/2024 05:23

I’m with you OP. I always thought when someone went bust it was their supply chain that took the hit. Unfortunately on this occasion it’s us.
Can’t have wealthy investors losing out can we.

Unflip

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