Centrica Share Discussion Threads

[deutsch4] 28/7/2020 09:36

To cap it all ..interfering with markets brings its own devastating results...A good company ruined by politicians pandering to the left....More food banks than ever and a pandemic fed by obesity!

[pander45] 28/7/2020 09:10

Semantics of process. The end result is the same.

[supermarky] 28/7/2020 09:02

Nobody wants old people to freeze to death. Old people do get a much better pension these days and winter fuel allowance. In fact oap's get a much better deal than youngsters from the state. This is because the older generation tend to vote! I am sure lifestyle choices of how you spend your money and the media whipping up the occasional bad story and senstationalising it.

[daken1] 28/7/2020 08:53

The link you posted says it all - the market wasn't operating as it should have. Intervention was required to correct it. I'm invested here so obviously want maximum profits - but not at the expense of old people freezing to death because they can't afford to have the heating on and don't know how to switch...

[optomistic] 28/7/2020 08:47

...because she was and still is a bloody useless woman!

[supermarky] 28/7/2020 08:41

Thersa May introduced the price cap as she had a precarious position in an unstable government. She got a fright when mad JC did better than expected in the general election. For the life of me i cannot understand why she decided to go for a such an anti tory policy.

[supermarky] 28/7/2020 08:38

i remember quite long ago thinking red ed and his stupid price cap threat had gone and it would be all rosy ahead for cna after that. Then Mrs May a conservative pm decided to go with a socialist policy of her own price cap. Cna goes from one catastrophe to another. This could be the perfect time to make a killing and buy and hold at this price, however, there are much more, better (less risk) bargains out there. You can pick up rdsb, hsba, vod for example at a snip at the moment with a mid term view. I sincerely hope cna does go on one hell of a bull run so i dont feel so underwater, however, I will not be topping up and preferring to top up on the ukx top 5 mega caps instead.

[sarkasm] 28/7/2020 08:14

The history of the energy price cap

Until gas and electricity was privatized in the 1980s, government-owned regional companies, generally known as the electricity board and the gas board, provided our energy. We took what we were given in terms of price and service. Privatisation meant many companies could compete against each other to provide the best service and the lowest price. Fantastic!

Except things didn’t work out quite as planned.

In 2014, Ofgem (the Office of Gas and Electricity Markets, the government department that regulates the electricity and gas markets in Great Britain) published a report that assessed the competition in the retail energy markets. The report found a number of problems with competition in the energy markets.

In other words the markets, which are meant to reduce prices for us consumers, weren’t doing that. One of the key reasons for this is what Ofgem called ‘weak customer response’. That is, because not enough people shop around for good deals, so energy companies don’t have to reduce prices.

The 2014 report made lots of recommendations, including for an investigation of the ‘big six’ UK energy suppliers by the Competition and Markets Authority (CMA). This CMA investigation itself made a number of recommendations in a report published at the end of 2016. One of these was for ‘price cap remedies’. So, the first energy price cap was introduced on 1st January 2019.

The price cap was brought in to protect those people who have never switched energy supplier or only switched once. You might think that is a small minority of people, but actually it amounts to more than half of all consumers.

[daken1] 28/7/2020 08:04

Deutsch I think you'll find it was Theresa May's tory government who introduced the price cap! A bit worrying that you think someone who's never been near power is responsible

[g2theary] 28/7/2020 07:15

Sorry to be pedantic Panda, however the fish actually suffocate not drown :))

[pander45] 28/7/2020 00:30

It's easy to drown a fish, you just drag it backwards....

[deutsch4] 27/7/2020 22:19

The institutional holders will chase this up - because they can and it won't be hard - shorting this would be a waste of funds and be like trying to drown a fish....... Things are set to go swimmingly henceforth .... Ed Milliband did his best to kill it with his cap stupidity...plenty of momentum left in Centrica not much left in Ed Miliband..bring it on!

[bookbroker] 27/7/2020 17:40

Too true, but on the basis this going through, it’s a good deal, but I think the global economy will likely tank and nothing will be immune. The dash for cash is the right move, whether or not it will be worth anything is another matter!

[supermarky] 27/7/2020 16:49

i warn all you bulls suddenly on the scene ramping this up like hell to be super careful.

[nemesis6] 27/7/2020 15:02

yeah lets us scramble around for pennies whilst the likes of conn get millions for failing and bozos has more wealth than most people could earn in 10000 lifetimes

[yawn1971] 27/7/2020 14:30

Always nice to buy at the top

[pally12] 27/7/2020 14:15

Thi is gonna be held back soon how dare us pheasants make a few quid

[ammu12] 27/7/2020 13:38

We should get some holding rns soon....

[s34icknote] 27/7/2020 13:37

Was that another 10 million to add to the 30 million on Friday ?Sicknote

[ammu12] 27/7/2020 13:16

Wow was that a buy ??

[ammu12] 27/7/2020 12:09

Agreed....we should test the resistance of 56p tomorrow.

[s34icknote] 27/7/2020 11:54

Looking good ammu There were big trades Friday 30 million that found a home at 47p.Everyone needs power even in a lock down !Sicknote

[jeannettetigger] 27/7/2020 11:29

My pleasure.

[ammu12] 27/7/2020 11:20

No resistance till 56p...