Energy Prices

[Shadow Play]

14 minutes ago, jakedee said:

I can see the Tory's either limiting or delaying the October price cap rise, and be hailed as saviours by their compliant followers.

The current estimate is the October prise cap rise will increase bills by approximately £600.  There are nearly 30 million homes in the UK.      For every £100 the government subsidises each bill it costs £3 billion.

[jakedee]

The current estimate is the October prise cap rise will increase bills by approximately £600.  There are nearly 30 million homes in the UK.      For every £100 the government subsidises each bill it costs £3 billion.

Windfall tax

[BFTD]

7 hours ago, jakedee said:

If you've knocked 20% off your bill, you must have used almost 50% less electricity than last month. That's some going.

He's been banging on about fiddling with the thermostat since he retired. His missus must be delighted to have him around the house more.

[DA Baracus]

The prices will shoot up in October (and some in certain circles will act surprised when they go up by more than expected).

Everything else will go up along with them. 

Like all capitalist greed, it's so short sighted and short term and serves only to increasingly centralise profits. More and more the public will have to choose where to spend their money, no longer able to spread it around as much. Plenty of business and shops will put up their prices and, as a result, will simply see an increasing and compounding reduction in business, pricing themselves out of the market, until we get a load of them shutting down or being bought out by a larger competitor. Chains will either swallow their smaller competition or laugh as they go bust.

[UsedToGoToCentralPark]

Something needs to be done anyway, if not now, by the next price cap review.

Some sort of windfall tax would be the most straightforward way of doing it as otherwise people are going to end up paying more for their gas and electric than their Mortgage.

Even if people can afford to pay the increase then that's many hundreds of pounds per household going to energy providers and not shops, this causes a down turn in spending which causes a recession, which causes job losses, which causes a bigger down turn..........

Not everyone can get renewables, people that can may not be able to afford it, shiny solar panels aren't going to do much good in October.

windfall tax, remove VAT on gas and electric, increase the SEG payments for those with panels.  The profit made by the billing companies per account isn't massive so not much that can be done there but the companies who extract/produce and sell the gas. oil, electric, nuclear, whatever are absolutely coining it in with these high prices so take a whack off them.

If something doesn't get done then never mind 'heating or eating' people won't be able to heat or eat as the country will be in a massive recession.  This 100% needs to be targeted at those making the profits to help those using the product.

[beefybake]

17 hours ago, Shadow Play said:

The current estimate is the October prise cap rise will increase bills by approximately £600.  There are nearly 30 million homes in the UK.      For every £100 the government subsidises each bill it costs £3 billion.

Rather depends on what you call a subsidy. The £150 is a rebate.  The £200 due to also come in is neither a subsidy, a gift or a grant. It's a loan, pure and simple, and will be paid back to the government whether you or I like it or not. 

On the basis that prior to beginning of April, the rise in the Ofgen cap was, I think , £693..., and the £350 has addressed that by about 50% ish........

I can see come October, the government doing another loan exercise of around £300.  That's Tories for you.

Edited April 13, 2022 by beefybake

[scottsdad]

On 12/04/2022 at 14:36, jakedee said:

On 12/04/2022 at 14:04, oaksoft said:

First bill since new tariff (includes 1 week of new pricing) and through switching everything off religiously and turning down my boiler settings and using less central heating, I've managed to knock about 20% off my bill from the previous month. Being in Spring helps.
Hasn't stopped my supplier recommending I nearly double my winter season direct debit amount (er....no thanks. I'll do that IF it needs it).
Almost certainly that will rise rapidly when the full month of new tariff kicks in but so far it's fine.

If you've knocked 20% off your bill, you must have used almost 50% less electricity than last month. That's some going.

Cut down his pornhub usage to just 8 hours per day.

[strichener]

Anyone struggling with their energy bills can make an application for financial support at Home Heating Advice.

If you have a housing support worker, they are able to apply on your behalf.

Won't necessarily cover the entirety of the price cap rise but together with the warm homes discount it could help those most in need substantially.

[Bert Raccoon]

1 hour ago, scottsdad said:

Cut down his pornhub usage to just 8 hours per day.

Cheaper to keep warm just chugging all day than it is to stick the heating on tbh 

[101]

39 minutes ago, Bert Raccoon said:

Cheaper to keep warm just chugging all day than it is to stick the heating on tbh 

Friction burns ftw!

[Lurkst]

After my tariff ended last month I got an email recommending I up the direct debit by £20 a month. Result I thought, not too severe a rise.

Alas they emailed again today suggesting I put the DD up by a further £85 

 

[Arch Stanton]

3 hours ago, 101 said:

Friction burns ftw!

Tears make the best lube.

[jakedee]

Latest email from my supplier. Basically stating that if I use the same amount of electricity next year as I did last year, my bill will increase by almost £900. [emoji35]

[Florentine_Pogen]

https://www.theguardian.com/business/2022/apr/19/energy-chiefs-fear-40-of-britons-could-fall-into-fuel-poverty-in-truly-horrific-winter

"As many as four in 10 people in Britain could fall into fuel poverty when the price cap rises again this autumn, energy bosses have told MPs as they called for more government support for vulnerable households facing a “truly horrific” winter.

Michael Lewis, the chief executive of E.ON UK, said between 30% and 40% of people in Britain might go into fuel poverty from October when the industry regulator, Ofgem, is again expected to put up the annual limit on tariffs."

Fuxake.

Edited April 19, 2022 by Florentine_Pogen

[Clown Job]

3 minutes ago, Florentine_Pogen said:

https://www.theguardian.com/business/2022/apr/19/energy-chiefs-fear-40-of-britons-could-fall-into-fuel-poverty-in-truly-horrific-winter

Fuxake.

If this is coming from the energy firm itself 

Quote

“Come October that’s going to get horrific, truly horrific,” said Anderson. “It has got to a stage now where the size and scale of it is beyond what I can deal with, beyond what I think this industry can deal with. I think it needs a massive shift, a significant shift in the government policy and approach towards this.”

We are fucked.

So far the UK Government’s plan to tackle this crisis amounts to this

[mizfit]

This will bring the government down. It’s got too.

[Bairnardo]

This will bring the government down. It’s got too.

If someone could amply demonstrate to the wider public that the rises in the cap are not an inevitability, but an enabling of profiteering by the Tories then aye.... But can they?

[Detournement]

Is the cap not a bit of a red herring? Most people are paying less so it's mainly protecting people with larger homes.

The unit price should be the focus. 

[Gnash]

1 hour ago, Detournement said:

Is the cap not a bit of a red herring? Most people are paying less so it's mainly protecting people with larger homes.

The unit price should be the focus. 

The cap is effectively on the unit price. It's the £2000 per year that's the red herring - it's only for households with 'typical' usage, ie almost no one.

[Shadow Play]

1 hour ago, Detournement said:

Is the cap not a bit of a red herring? Most people are paying less so it's mainly protecting people with larger homes.

The unit price should be the focus. 

I think you’ve completely misunderstood how the cap works (or else I have).  As I understand it the cap IS on the maximum unit price / daily charge any company can charge.  There is no cap whatsoever as to what your annual bill could be.  Your annual bill very much depends on the amount of gas and electricity you use x the unit price.