Energy Prices (Strictly NO referrals!)

Has anyone fixed? Been offered a 1 year fix with eon 15% higher than the price cap, but can see the cap in October going much higher than 15%..
 
AiiR said:
Has anyone fixed? Been offered a 1 year fix with eon 15% higher than the price cap, but can see the cap in October going much higher than 15%..
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If the price cap in October doesn't go up by at least 30% you'll be out of pocket. A risk you have to decide on no one can help you.
 
AiiR said:
Has anyone fixed? Been offered a 1 year fix with eon 15% higher than the price cap, but can see the cap in October going much higher than 15%..
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Thats a good deal compared to what others have posted, I would take it if its only 15% higher than cap.

However examine the unit rates, rather than just the estimated bill.

Ultimately its a gamble as robj20 said, based on what happens in October. October needs to go up 30% to break even, and if it goes up more you in profit.
 
Surveyor said:
Yes, there's a big discussion of gas and electricity prices, hence your duplicate thread being closed.
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If the OP of this thread started the price hike or edited his thread with an update, I wouldn't have made any duplicate thread in first place! How would I know, I am sure no one would read every page on every threads just before posting a new thread?
 
Surveyor said:
I asked you how you were doing it.
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In common parlance "you" is used in place of "one" so your question was ambiguous especially given that I said citizens were able to evade tax not, "I am evading tax".

b0rn2sk8 said:
I’d be more interested where @Energize thinks the state is too big given it’s basically been cut down to the bone at this point and there is literally nothing left to sell other than the railways which no one wants to buy.
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State should only be there to provide services that the private sector can't provide effectively like the criminal justice system and the military, along with some infrastructure. The size and extent of government is at a historic high.

The government interference in the sector in the form of a price cap has led to the insolvency of large energy companies like Bulb, and massive sudden increases in the price of energy to consumers so they don't get time to budget for it, an absolutely terrible policy.
 
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Uther said:
Problem is the energy companies have got wise to people turning their heating off so they've whacked the standing charge up as well. There's no escape.
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Thats what "got" me, I mean I understand my usage costs going as things cost more now by why should my Standing Charge also go up 50% if thats not linked to my usage. It's just another excuse to hike up prices irrespective of the actual need to do so. My actual bills, as a single dude in a well insulted house combine to about £70 (£35 elec, £25 gas, & £10 water) so it's not like I've got a huge amount jump despite it being a 55% rise for me in April but I can very easily imagine people near the breadline being heavily stung by this on top of all the other Cost of Living increases we're getting recently.
 
ianh said:
Thats what "got" me, I mean I understand my usage costs going as things cost more now by why should my Standing Charge also go up 50% if thats not linked to my usage. It's just another excuse to hike up prices irrespective of the actual need to do so. My actual bills, as a single dude in a well insulted house combine to about £70 (£35 elec, £25 gas, & £10 water) so it's not like I've got a huge amount jump despite it being a 55% rise for me in April but I can very easily imagine people near the breadline being heavily stung by this on top of all the other Cost of Living increases we're getting recently.
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Poor house
 
Energize said:
State should only be there to provide services that the private sector can't provide effectively like the criminal justice system and the military, along with some infrastructure. The size and extent of government is at a historic high.

The government interference in the sector in the form of a price cap has led to the insolvency of large energy companies like Bulb, and massive sudden increases in the price of energy to consumers so they don't get time to budget for it, an absolutely terrible policy.
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That doesn’t really answer the question, the energy price cap has zero bearing on the size of the state.
 
AiiR said:
Has anyone fixed? Been offered a 1 year fix with eon 15% higher than the price cap, but can see the cap in October going much higher than 15%..
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Done some maths and fixed my electricity to 27.906p per kWh and a (frankly ridiculous) 63.753p standing charge, fixed for 2 years. There's no exit fee so should things improve I will of course switch.

The way I see it with an annual power consumption of 5,400 kWh, it's going to cost (5400x0.27906)+(365x0.63753)= £1,739 each year for the next 2 years.

If things go proper Radio Rental and the price cap increases every 6 months, for example some totally made up arbitrary numbers:

first 6 months at £0.28 per kWh, £0.45 standing charge (currently known cap for April to Sept 2022)
next 6 months at £0.35 per kWh, £0.55 standing charge
next 6 months at £0.40 per kWh, £0.65 standing charge
next 6 months at £0.45 per kWh, £0.75 standing charge

The first year could cost £2,066 and the second year £2,800, or it could be much worse.

Still outrageous prices and stinks of market manipulation by the big players in the market.
 
I understand the unit price going up but why is the standing charge going up 73% (eon). I thought the standing charge was for infrastructure upkeep so why has it rising so dramatically?
 
Energize said:
Have you just completely missed the first sentence?
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No, because I asked you what the government should be cutting from the services it currently provides, your response doesn’t actually answer that question. It answers a different question which wasn’t asked.


hyperseven said:
I understand the unit price going up but why is the standing charge going up 73% (eon). I thought the standing charge was for infrastructure upkeep so why has it rising so dramatically?
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It covers a range of things, things like the £140 warm homes grant (lots of eligible people this winter on UC), green levys (should be on gas and oil IMO) and the biggest addition is the credit balances of customers from the companies that went bust due to the cap being lower than the cost of electric.

Everyone is picking up the tab for that consumer protection, they’ll be an extra £40 next year to cover the £200 loan you probably didn’t want too.
 
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