Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Damien Jordan

๐Ÿ‘ค Speaker
605 total appearances

Appearances Over Time

Podcast Appearances

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

If we compare to the mortgage market, because they have the variable rate that a lot of people slip onto that is quite high and it's not really regulated as such, why do they feel within the energy sector they need to have that cap?

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

You know, most people would remortgage once they hit the end because they're like, well, shooting up 5% or whatever.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Why energy specifically would they say, no, we need to protect against that?

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Right.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Okay.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

I know you've got a chart in front of you that breaks down the bill.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

We might come back onto the price cap in a bit, but could we just run through what a domestic energy bill is actually made up of?

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Because that might help us pull on some of the bits that people want to talk about.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

So if it was ยฃ100, assume that, could we break that down as a percentage?

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

They've moved it to somewhere else, basically.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Okay.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

So I want to dive into little bits of that because there's obviously a lot we could talk about.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

But one thing that you mentioned there was the renewable stuff.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

And what struck me was you're saying basically we're paying for the initiatives that we did in the past.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

So like solar panels and things.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Yeah.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Energy prices today are some of the highest they've probably ever been.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Yeah.

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

So are we not seeing a payoff for those previous renewable...

Making Money
Why is UK Electricity So Expensive Compared to Other Countries?

Yes.