Soldato
Highest since mid December
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Highest since mid December
Exactly, but the monthly estimated payment they give me is!? Are they allowed to con people like this...
Soldato
Do you have credit with them?
Oh yeah I do, guess that makes a difference.
At least it makes sense now!
Cheers
Yeah the only thing thats worth it, if you have a low risk aversion, is something like tracker. Yes it is variable from day to day (same price all day), but it will lock in the SC price for a year, and there is no exit fee or anything else to prevent you from leaving if the pricing goes to crap.
Caporegime
I've only got an email to give me a free Gregg's sausage roll voucher so far, I don't live near a Greggs.
I could assist with the removal of that burden…
Soldato
Cap rising by 10% in October:
Here's to hoping the tracker rate stays below it.
Energy price cap: Typical household to pay £149 more a year
Energy regulator Ofgem announces price changes for 27 million households in England, Wales and Scotland.
www.bbc.co.uk
Here's to hoping the tracker rate stays below it.
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Related to ^^^ Ofgem are looking for feedback on the options to change the standing charge.
Options paper (long):
Survey:
Options paper (long):
Survey:
Standing charges: domestic retail options - Ofgem - Citizen Space
Find and participate in activities run by Ofgem
consult.ofgem.gov.uk
Soldato
Again, they did this last year then took no action.
Edit, Reading it its a follow up so ok.
Unsurprisingly as ever the population are muppets. 2/3s said they should scrap the SC. Of course, it will magically vanish and bills will be cheaper
Edit 2, damn under all the move some SC to unit costs scenarios the number paying more is higher than the number benefitting (millions of homes)
Seems a bloody silly idea based on that metric.
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The Ofgem boss made it sound like they are looking at moving some costs into the unit prices with a decision by the end of the year but with big concern about the most vulnerable using lots of energy who will be hit hard by the changes.
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Soldato
From what I can tell yes and the impacts aren't that great for most, it seems hardly worth it.
It seems to fail to recognise their part in it all as well. The reason there are no low SC tariffs is because they screwed the whole market up so every company is now basically charging the cap.
There are no win win options when it comes to SC and unit rates.
High usage can mean both vulnerable/poor and filthy rich with a swimming pool.
Low usage can mean both vulnerable/poor and filthy rich with a huge solar/battery storage system.
Advocates in the camp of scrapping/slashing the SC seem to fulfill ignore issue as a whole and only advocate for their own personal bill.
Of the high users, I’d say they’ll be orders of magnitude more of them in the poor/vulnerable category than the filthy rich one. In the low users, I’d expect the numbers to be much closer thanks to expensive ‘energy saving’ technology like solar.
High usage can mean both vulnerable/poor and filthy rich with a swimming pool.
Low usage can mean both vulnerable/poor and filthy rich with a huge solar/battery storage system.
Advocates in the camp of scrapping/slashing the SC seem to fulfill ignore issue as a whole and only advocate for their own personal bill.
Of the high users, I’d say they’ll be orders of magnitude more of them in the poor/vulnerable category than the filthy rich one. In the low users, I’d expect the numbers to be much closer thanks to expensive ‘energy saving’ technology like solar.
Soldato
I would say maybe the right starting point in this debate would be to first calculate the absolute cost reflective number. Then we can have a separate debate about redistribution.
Completely ignore winners and losers, vulnerable and rich (for now). In terms of the on the ground infrastructure, cost and maintenance of meters, cost and maintenance of the supply cable (or gas pipe), cost and maintenance of the supply to the street, the grid etc.
How much should the standing charge be from an absolute bottom up view?
Then we can discuss whether this number is 'fair' and whether we should look to some redistributions to improve social welfare.
That's the process Ofgem should be following here. A full on bottom up review.
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Seems to be a large number of the population who just think all their SC is going straight into energy company profits, they cant be educated either. That is not aimed at people on here either before anyone jumps on me, just a general view of the population.
Soldato
I would even go a step back from that.
An even more fundamental question.
Should we fully socialise all the costs across the whole nation. Bearing in mind renewables will become an ever increasing proportion of the bills.
So we share equally the costs of the whole provision of generation to supply. Because right now that feels very broken.
TBH the whole thing needs starting from scratch, not just the SC.
Its just a jumbled mess of something that almost made sense at a national level, being chopped up into chunks, or varying size and overlaps to try to create a market that shouldn't exist in that form.
Soldato
Yeah agree was very much my thought.
Hopefully the population that send their suggestions will actually take a look first. However I have a horrible feeling they wont.
