@ZackPolanski If you force wages up then everything in that wide sector goes up in price that the employee buys. Employee = £0.72, HMRC = £0.43. Employer cost = £1.18 extra. Now that £0.72/hr take home has to pay for £1.18/hr increase in overheads for goods and services. Only HMRC wins!
@EdwardJDavey Do you even understand what 'supply' means in the energy industry? It is simply the retailer of energy to the consumer. They play no physical part in electricity or gas actually reaching homes or businesses, that is generator, transmission and distribution license holders.
@__RedRabbit__@MrPitbull07 If you're being charged $500 then the restaurant can pay its own staff. Only in America is there such an airport of entitlement that you could pay a premium price for a product and then also be expected to pay their employees separately.
@Keir_Starmer Please explain how the National Living Wafe can improve people's spending power please. For every £1 more in hourly wage, income tax and NI is taken, whilst the cost of everything you buy goes up by more, since employers for the thjngs you buy have pension, NI sick, holiday pay
@ElliotHODLs@MartinSLewis It's most definitely not a no brainer. My mortgage is at 3.74% but I am averaging 10.5% annualised on a stocks and shares ISA and I get an effective 60% tax relief on pension contributions (62% if I salary sacrifice), so the mortgage is the last place I'd put extra funds.
@MartinSLewis Australia have a grant scheme towards PV and Battery storage at the moment that is fuelling increased installs. Interest free loans and grants would help build distributed resilience via participation in VPP schemes whilst allowing people to repay loans from the ongoing saving.
@OctopusEnergy What other countries do you supply then? How many customers now in UK? I've been with Octopus probably most of those 10 years now and just got Mt latest converts currently switching and hopefully another of our tenants after that.
@OctopusEnergy Thank you for your reply. Another question.
If on Agile and Free Electricity Session is issued and coincides with negative pricing, do you still get the negative pricing?
Conversely if the pricing was positive I assume you'd get the 0p credited, I.e. credited for positive only.
@OctopusEnergy If your normal Baseline is 0kWh because you have PV, do you get the 192 Octopoints per kWh if you export during this period when you wouldn't normally, in addition to normal export payment?
@MartinSLewis But if the pub was a service that everyone needed access to, without exception, then a fixed access charge would be a perfectly logical thing. I export more electricity than I use so why should I pay no standing charge as I still need the connection.
@_JackBarton@Marky146@MartinSLewis@ofgem It's not just rhe cable to your house, it's the mains cable jn the footpath, the link boxes, substations that are regularly inspected and maintained so your supply stays connected. The upstream HV network substation, poles, towers, protection systems that have to be maintained.
@Marky146@MartinSLewis@ofgem Why is it not. The standing charge pays for your connection to enable you to export. I export up to 90kWh on a good day and my bills are substantially negative at thia time or year but I don't begrudge there being a standing charge to pay for the connection itself.
@Keir_Starmer I'd rather you get potholes fixed on our abysmal roads! You take a fortune in tax from drivers in the form of fuel duty (and VAT on the fuel duty!), insurance tax, vehicle excise duty, so its about time you spent enough on the roads to keep them in suitable condition to drive on!
@Ed_Miliband And before making such a flippant claim, has an impact study been carried out on the effect on the elwctrixity network. The base load of a typical property is around 200-300W. Even with 3.5kW of panels, at peak sun that us potentially every house exporting over 3kW around midday.