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MuckleMoo

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We got a smart meter back in September through Shell. There were teething problems (no bill for 4 months) but all good now and the app has helped us budget: £1.62 an hour to have the gas central heating on so 4 hours a day equates to about £200 / month just on the heating. Will be a lot of people getting a shock once their bill comes in after this cold spell.

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2 hours ago, Buttocks Brown said:

We got a smart meter back in September through Shell. There were teething problems (no bill for 4 months) but all good now and the app has helped us budget: £1.62 an hour to have the gas central heating on so 4 hours a day equates to about £200 / month just on the heating. Will be a lot of people getting a shock once their bill comes in after this cold spell.

We don't have a smart meter on the gas, so for the last few days I've been taking meter reading every day and plugging them onto a spreadsheet. The last couple of days the gas has been costing £11 odd a day, so I'm hoping with the temperatures rising a bit this reduce going forward.

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11 hours ago, Soapy FFC said:

The last couple of days the gas has been costing £11 odd a day, so I'm hoping with the temperatures rising a bit this reduce going forward.

We were new boiler, pipes and radiators 6 years ago so we're fortunate that the house heats up pretty quick. Still a huge hike compared to 12 months though. Some people will have paid a bomb the past 2 weeks just to keep warm.

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On 02/12/2022 at 13:58, flyingscot said:

It's an utter failure of regulation. 

Not really, It's a massive failure of policy.

The remit of the regulator from the very beginning, was to make it very easy to become an 'energy supplier'

to retail customers.  What that came down to was, among others, rather a lot of outfits comprised of little more

than a couple of bods, with a laptop, and a website. 

It only took a supplier of significant size, Bulb, to fail..., for the limitations of the policy remit to be fully exposed.

 

The people who've come out of this laughing, is not Bulb, not their customers, not the regulator, not the government,

not the taxpayers. 

Octopus Energy, though,  must be ecstatic.   They've acquired Bulb, and it's 1.5 Million customers for a figure estimated to be

around £100 Million. That's chickenfeed.  Meanwhile, taxpayers have to absorb the £4.5 to £6 Billion that the Westminster

government incurred in taking over Bulb when it went bust.

So it's a policy failure.  Privatisation of the profits. Socialisation of the losses.

 

 

Edited by beefybake
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46 minutes ago, beefybake said:

Not really, It's a massive failure of policy.

The remit of the regulator from the very beginning, was to make it very easy to become an 'energy supplier'

to retail customers.  What that came down to was, among others, rather a lot of outfits comprised of little more

than a couple of bods, with a laptop, and a website. 

It only took a supplier of significant size, Bulb, to fail..., for the limitations of the policy remit to be fully exposed.

 

The people who've come out of this laughing, is not Bulb, not their customers, not the regulator, not the government,

not the taxpayers. 

Octopus Energy, though,  must be ecstatic.   They've acquired Bulb, and it's 1.5 Million customers for a figure estimated to be

around £100 Million. That's chickenfeed.  Meanwhile, taxpayers have to absorb the £4.5 to £6 Billion that the Westminster

government incurred in taking over Bulb when it went bust.

So it's a policy failure.  Privatisation of the profits. Socialisation of the losses.

 

 

Not quite correct, Bulb has cost over £1bln.  The £4.5bln is what Octopus has received from the government in funding guarantees.  No wonder the other suppliers are going to court.  Not even the lottery offers such returns.

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  • 3 weeks later...
On 15/12/2022 at 21:45, Hamish's Passenger said:

Last month I had a credit balance of about £700. I received an email from E-On on Tuesday stating my balance was £11,692DR. Went online and registered my actual readings then yesterday received an updated balance of £290 in credit. A few hours ago received another statement giving a balance of £980. These c***s are just making it up as they go along. I’m calling them tomorrow to get funds withdrawn and pay monthly for what is due as it’s become a bit of a shit show on what is apparently the convenient way. 

That’s insane. My dads sitting similar to you £600.00 on credit and is being told to set up a £400pm direct debit. 
 

He’s sitting monthly payments of £200.00 as a non direct debit. It’s a joke.

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When I moved house no matter who I moved too insisted on a smart metre.

One went in in September but has never sent readings. However EDF have never updates the serial number of metres on my account so I can't put manual reading in.

Did some back if a fag packet and I think I've been £950 in electricity since then.

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This month, the OVO website wouldn't let me enter meter readings. I called them yesterday to say it still wasn't working, still no statement generated for January and still no £66 payment been made this month.

The girl on the phone was very helpful, took the readings. The online system is having some sort of major issue, apparently. Hope it gets sorted out soon - I don't want to have to change supplier again. Leaving Scottish Power was just a ball-ache.

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3 minutes ago, MacDuffman said:

Ovo working fine for me. Put my readings on via the App on 7th & got my bill today.

In recent months I have been with the "Apollo" team. Not sure what this is but when I phone up, their automated system doesn't recognise my account number. When I get through, they take my details the  transfer me to this team who deal with me.

My meter readings are there on the site now, just no bill (and no cost of living refund)

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Another thing i've just noticed & checked back on.

They add my Electricity & Gas together then deduct the £67 from this for my bill - which then is deducted from my balance.

But they have also been giving me the £67 each month into my bank account.

Not sure when or if they will realise & ask for it back.

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14 minutes ago, Bairnardo said:

https://www.bbc.co.uk/news/business-64270157

 

Well.... I guess we all secretly knew that was coming. I'm sure it will come as great comfort to those who might have been thinking their brutal struggle was at least temporary.....

tbf it would be very difficult for the industry leaders to go back to barely surviving on the bonus levels pre-Russian invasion times. Meanwhile more worry for everybody just trying to survive. I'd be out on a demonstration if Sunak's lot weren't in the process of making that illegal. 

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If that's what's happening with prices, then profit needs to be taken out of the equation. 

This is the need for warmth we're talking about here. It's not like fucking Starbucks putting their prices up because of shipping costs from Guatemala. 

Govts should be falling around the world if they let this scalping continue. 

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1 hour ago, Bairnardo said:

If that's what's happening with prices, then profit needs to be taken out of the equation

This is the need for warmth we're talking about here. It's not like fucking Starbucks putting their prices up because of shipping costs from Guatemala. 

Govts should be falling around the world if they let this scalping continue. 

If I remember correctly Nicola Sturgeon announced plans to create a state run, not for profits energy company about 5 years ago.  I remember thinking at the time it would be a fairly complex and expensive task to do such a thing.  I’m not sure how the plans are going.

Edited by Shadow Play
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12 minutes ago, Shadow Play said:

If I remember correctly Nicola Sturgeon announced plans to create a state run, not for profits energy company about 5 years ago.  I remember thinking at the time it would be a fairly complex and expensive task to do such a thing.  I’m sure how the plans are going.

Pretty sure they were shelved. 

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There is, of course, a very large range between "higher than pre-covid" and where they are currently.

If Governments are going to set unreasonable carbon targets then either Governments are going to have to subsidise the energy companies (costs which will be passed on to us through taxation) or we're going to pay for it through higher energy bills.

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The greedy are often too stupid to know when to stop.

The energy companies are overreaching here. When folk are spending so much on energy (and no doubt the prices will be increasing, and more often), especially when the government help ends soon, they won't be spending in other areas and we'll see a recession, especially when other sectors/industries put up their prices more and more, and more often.

Corporate greed is the main driver of 'inflation'.

Dark times ahead unfortunately.

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