strichener Posted February 27, 2023 Share Posted February 27, 2023 7 hours ago, Todd_is_God said: Energy prices aren't going up, though. They've quite literally just come down by £1,000. The reason they appear to be going up is the bit in bold. The reason for rolling back the energy price guarantee was because it was uncapped and uncosted. The UK Gov now know what the cost of extending this to July (when the cap is currently forecast to fall by about £1,000 again) would be. I'm surprised tbh no-one from Labour has been lobbying, even just to annoy them, the UK Gov to extend the guarantee till July. So we aren't going to see a £7k price cap that you were posting about last year? 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted February 27, 2023 Share Posted February 27, 2023 “But but but they’re cutting the cap” Fucking hell. 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted February 28, 2023 Share Posted February 28, 2023 9 hours ago, strichener said: So we aren't going to see a £7k price cap that you were posting about last year? Well no, because wholesale prices have come down. I'm not really sure what your point is here tbh. 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted February 28, 2023 Share Posted February 28, 2023 8 hours ago, Melanius Mullarkay said: “But but but they’re cutting the cap” Fucking hell. You're (presumably deliberately) missing the point. 0 Quote Link to comment Share on other sites More sharing options...
V.Aye.R Posted February 28, 2023 Share Posted February 28, 2023 On 17/02/2023 at 08:52, bdu98196 said: Energy companies yet again ripping the piss assisted by the government. Refund £67 every month, then review the customers DD amounts before hitting out with 'your amount needs to increase because you have been under-paying us'. In my case £100 per month DD, which based on last quarter my total bill was £296, however due to the £67pm refund I had only paid £120 towards it so made a manual top up payment (at time of billing).............does that matter, does it f**k they are still wanting to increase my DD now to £150. Just another way to take customers money and keep it in their accounts...............c**t behaviour from them all in what is best described as a cartel fucking folk over Exact same thing for me, not had any notification of my DD changing as yet. Ive been taking readings fortnightly to ensure the balance in the account is as close to zero as possible come the bill next month. Small victories but don't want the b*****ds to have a penny more than they're due. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 2, 2023 Share Posted March 2, 2023 On 28/02/2023 at 06:45, Todd_is_God said: Well no, because wholesale prices have come down. I'm not really sure what your point is here tbh. It's almost as if the accuracy of predicting commodity prices months ahead is folly. Anyway, is this over as a private wealth emergency? 3 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted March 2, 2023 Share Posted March 2, 2023 48 minutes ago, strichener said: It's almost as if the accuracy of predicting commodity prices months ahead is folly. I'm still not sure what point you are trying to make tbh. The projections at the were based on the trend at the time, and the threat was real hence the initial period of the Energy Guarantee being 24 months. 0 Quote Link to comment Share on other sites More sharing options...
statts1976uk Posted March 3, 2023 Share Posted March 3, 2023 (edited) Just had a look at mine and they have put up my direct debit by £100 a month! Didn't even have the courtesy to tell me!! I used 25% less electricity than they forecast between August 1st and January 31st. They are saying that I might end up using more between February and July and saying the usage would be 150% more than the same period last year!! Edited March 3, 2023 by statts1976uk 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted March 3, 2023 Share Posted March 3, 2023 (edited) On 27/02/2023 at 14:37, Todd_is_God said: I'm surprised tbh no-one [has]... been lobbying... the UK Gov to extend the guarantee till July. https://www.theguardian.com/business/live/2023/mar/03/energy-firms-uk-government-support-price-guarantee-epg-economy-services-cost-of-living-business-live Edited March 3, 2023 by Todd_is_God 0 Quote Link to comment Share on other sites More sharing options...
MONKMAN Posted March 3, 2023 Share Posted March 3, 2023 Frightening amounts of tax payers cash being directed straight to the energy providers. 0 Quote Link to comment Share on other sites More sharing options...
Aufc Posted March 9, 2023 Share Posted March 9, 2023 I didn’t realise the windfall tax was locked in for 5 years no matter what the price of oil does. Seems like a terrible decision, especially now oil prices have levelled out. All that seems to be happening is companies are investing anywhere other than the UK 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted March 24, 2023 Share Posted March 24, 2023 Email from OVO this morning to say that their “Direct Debit Calculator” has worked out I’ll be £824 in debt this time next year if they don’t take more each month. No evidence of how they actually calculated it, other than “based on your usage”. Also seems, on that basis, that prices won’t be coming back down any time soon. Interestingly, when I was previously in credit with their predecessor, SSE, I was never told that I was paying them too much money each month, and it was an absolute ball ache to get it back 1 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted March 24, 2023 Share Posted March 24, 2023 28 minutes ago, Mark Connolly said: Email from OVO this morning to say that their “Direct Debit Calculator” has worked out I’ll be £824 in debt this time next year if they don’t take more each month. No evidence of how they actually calculated it, other than “based on your usage”. Also seems, on that basis, that prices won’t be coming back down any time soon. Interestingly, when I was previously in credit with their predecessor, SSE, I was never told that I was paying them too much money each month, and it was an absolute ball ache to get it back Ignore it. I've been with OVO for years. They did some sort of update about 2 years ago and all their calculators went to shit. I got similar "based on your usage" messages saying I needed to triple my DD. Just ignored it. The DD I have covers what I use. 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted March 24, 2023 Share Posted March 24, 2023 28 minutes ago, scottsdad said: Ignore it. I've been with OVO for years. They did some sort of update about 2 years ago and all their calculators went to shit. I got similar "based on your usage" messages saying I needed to triple my DD. Just ignored it. The DD I have covers what I use. They are now on the “we will automatically update to this if you don’t respond in 10 days”. Interestingly, when I look at the alternative fixed rate they offer, the quote is less than half of the variable… 0 Quote Link to comment Share on other sites More sharing options...
s_dog Posted March 24, 2023 Share Posted March 24, 2023 21 minutes ago, Mark Connolly said: They are now on the “we will automatically update to this if you don’t respond in 10 days”. Interestingly, when I look at the alternative fixed rate they offer, the quote is less than half of the variable… They are possibly comparing the variable tariff without the Gov's energy price guarantee and that's why it appears so much cheaper. My flexible tariff on my bill lists electricity as 64.00p/kWh, but with the price guarantee its only 31.84p/kWh. Could possibly be why they want to up your DD as their computer is just using the 64p price instead of 31p? If you know how much you use per year you can easily work out if you're paying enough, or if you don't owe them anything right now after winter, what you currently should be enough, especially since we're expecting lower prices from the summer onwards. 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted March 24, 2023 Share Posted March 24, 2023 I’m about to phone them anyway, it’s been a while since I directly called them thieving b*****ds rather than just saying it about them 0 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted March 24, 2023 Share Posted March 24, 2023 1 hour ago, Mark Connolly said: I’m about to phone them anyway, it’s been a while since I directly called them thieving b*****ds rather than just saying it about them I always get through to the same Geordie lass. I cannot get angry with her. She calls me "pet". 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted March 24, 2023 Share Posted March 24, 2023 (edited) 3 hours ago, Mark Connolly said: Also seems, on that basis, that prices won’t be coming back down any time soon. They always have based their annual usage cost projections on the most up to date standing charge / unit price data. They'll be coming down in July, so you'll get a similar email in June with an updated forecast. There is very little change in April, as the EPG will keep the cap at £2,500. If your projections based on the April 1st price show you are projected to be underpaying to the tune of £800 then you must currently be projected to be underpaying as the projection will be almost identical (The estimate I got yesterday (from OVO incidentally) showed a change of about £6 over the next 12 months.). If you moved to OVO from SSE late last then this will be based entirely on your winter usage which, like me, will be inaccurate for gas as I don't have the heating on half the year. They are legally obliged to ensure they do everything to avoid you getting into a massive debt - It's not a scam. Edited March 24, 2023 by Todd_is_God 0 Quote Link to comment Share on other sites More sharing options...
MacDuffman Posted March 24, 2023 Share Posted March 24, 2023 Got an email in from Ovo. Fixed rate works out at £172/month Variable £188/month - but may change. Moved onto Fixed. 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted March 24, 2023 Share Posted March 24, 2023 1 hour ago, MacDuffman said: Got an email in from Ovo. Fixed rate works out at £172/month Variable £188/month - but may change. Moved onto Fixed. I'm not sure that's wise tbh. 0 Quote Link to comment Share on other sites More sharing options...
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