Personally I do think this is a mistake.
It should at least be some sort of credit against a bill.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Personally I do think this is a mistake.
It should at least be some sort of credit against a bill.
There will be a review every 3 months now, so January.
Although you are probably right that it is not likely to go down in that period.
Soldato
Yeah I think I agree with that. When I read it I thought (as someone who is on a good fixed term contract), great, I'll put that in the bank. No idea how we'll receive it.
I can see that going on burgers-fizzy pop -crisps -drugs -fags etc
As 413x said give credit on bills
Associate
How do we go about claiming this? How about not raising the cap in the first place and allowing energy companies to make huge profits.
Wonder who can apply for the £400, the home owner, or just anyone living in a property? As I'm living in a friend's 1 bed apartment, paying him rent off course and council tax, but it's all unofficial. Can I apply for it or will he have to..
It would definitely help with the energy bills but £400 is also my usual buy into a poker cash game at the casino...
It would definitely help with the energy bills but £400 is also my usual buy into a poker cash game at the casino...
People are already means tested for the tax and benefit system so this isnt down to admin cost, and I doubt admin costs 10s of billions either.
The 400 is for everyone I think for political reasons. At least they have added a second payment on top for the poorest though.
Soldato
God forbid the poor have fizzy pop! Should only have tap water am I right!?
Soldato
That's only because you have a complete lack of empathy towards those most in need.
Predicted nearly 9 million people will hit fuel poverty by the end of the year - guess McDonalds are going to be real busy by your logic.
Soldato
Wonder who can apply for the £400, the home owner, or just anyone living in a property? As I'm living in a friend's 1 bed apartment, paying him rent off course and council tax, but it's all unofficial. Can I apply for it or will he have to..
It would definitely help with the energy bills but £400 is also my usual buy into a poker cash game at the casino...
The £400 will be credited to your energy account. So it goes to the bill payer. Everyone gets it, you dont need to apply.
I'm saying that some people aren't good with managing money. People purposely take a limited amount of cash on holiday.
Or don't take out credit cards because they know they aren't.
Dropping significant sums of money in people's accounts that is supposed to be directly for energy cost rises would surely be better to come directly off energy rises.
The net result is the same.
I'm absolutely not saying most or even x percent will. But some people will. And it will only hurt themselves.
Associate
If it comes off the energy bill I'm gonna be dropping my DD by £50 and having a couple of extra Sir Beer Kormas every month. Seems like the right thing to do...
If it comes off the energy bill I'm gonna be dropping my DD by £50 and having a couple of extra Sir Beer Kormas every month. Seems like the right thing to do...
I'll be doing the same (minute beer!). I'm already in credit by a ridiculous amount and was going to let it tick down. But as the 400 is credit I'll need to either request it or drop more.
Sounds like 400 off the bill.
The result might be effectively cash?
Soldato
So, I suppose the question is what happens next year if/when energy bills go up again...
We deal with it then, politics has nearly always been short term solutions. The government will be hoping things improve enough by then.
I'd assume it would only be applicable to those who pay for gas/electric. So in your case I guess your friend is paying for gas/electric (regardless of whether you're contributing or not) which would likely mean he'll get a rebate.Wonder who can apply for the £400, the home owner, or just anyone living in a property? As I'm living in a friend's 1 bed apartment, paying him rent off course and council tax, but it's all unofficial. Can I apply for it or will he have to..
It would definitely help with the energy bills but £400 is also my usual buy into a poker cash game at the casino...
I suspect similar for those where they have things like gas/electricity included as part of their rent.
I'm sure the finer details on how this will work will be revealed in due course.
I imagine that's a lot of faff to put in place.
I don't think it's completely touted as help for your energy costs, but more for general living expenses. Whether someone uses that to pay for food, council tax, rent is pretty irrelevant.
With a high proportion of low income families falling into poverty, I can't see people irresponsibly spending this on rubbish, as they'll still have the energy/food costs to pay for.
I do a lot of self assessments for sole traders, especially at the micro-end of the market.... I saw what they spent their Covid grants/loans on, this'll be no different
People who are poor at managing money will blow it, people who are sensible will use it as it's intended.
People who are poor at managing money will blow it, people who are sensible will use it as it's intended.
Soldato
£650 for the low-earners like myself will be nice, but I think it should be %age based. E.g. 20% knocked off from £2800 or whatever the new amount is. So £560 would be knocked off £2800, £400 would be knocked off £2000 etc.
Then send the bill to Greta Thunberg
Then send the bill to Greta Thunberg
Energy prices are not high because of renewablesThen send the bill to Greta Thunberg