Energy Prices (Strictly NO referrals!)

Energize · 18 Jun 2022 at 03:26

chrcoluk said:
Inflation is not necessarily inflation, there is different type's of inflation. A few of us e.g. have commented in the past how flawed the official way of measuring inflation is.

Generally the government manipulate it to suit their own purposes, rather than provide a reasonable measure of inflation for the average person. Student loan interest is based on RPI for example so they have an incentive to push it up a notch, while trying to manipulate CPI to reduce it and make it look like they are doing a great job on the economy.

The best thing you can do is use one of those calculators to work out your personal inflation based on your own basket of goods.

Surveyor · 18 Jun 2022 at 04:13

Energize said:
Generally the government manipulate it to suit their own purposes, rather than provide a reasonable measure of inflation for the average person. Student loan interest is based on RPI for example so they have an incentive to push it up a notch, while trying to manipulate CPI to reduce it and make it look like they are doing a great job on the economy.

The best thing you can do is use one of those calculators to work out your personal inflation based on your own basket of goods.

Student loan interest rates to be capped at 7.3% from September

Student loan interest rates are set to rise from 4.5% to 7.3% for many from September, the Government has announced. The change will affect current students in England and Wales, as well as former students with outstanding loans who started university in/after 2012.

www.moneysavingexpert.com

Sankari · 18 Jun 2022 at 05:30

Got an email from my energy provider today. My bill is going up by 16%. Not great, not terrible, but not exactly welcome either.

Macky · 18 Jun 2022 at 07:44

Sankari said:
Got an email from my energy provider today. My bill is going up by 16%. Not great, not terrible, but not exactly welcome either.

If it makes you feel better, mine went up by 100%.

Pottsey · 18 Jun 2022 at 07:48

McGray said:
Electric cars only last 10 years?

No, most will last well over 10 years and well over 100k miles. They will lose a bit of max range as they age but most should be just fine. Like any car a small number will fail but that's normal for all cars.

MadMossy · 18 Jun 2022 at 08:10

There's a bloke in Germany who has been tracking his Tesla mileage for years, his Tesla Model S P85D has now done over 1 million miles, its on its 3rd battery so to get 300,000+ miles per battery is pretty good considering most petrol engines would barely manage half that, diesel may just about manage it but the wear and tear on the engines would probably require a replacement at that point anyway.

He also said that he most recent battery replacement wasn't a new unit but a reconditioned one that had 340km range, after 400,000km (250,000 miles) its down to 310km which is a 10% loss which is pretty good considering.

Richie · 18 Jun 2022 at 08:18

Macky said:
If it makes you feel better, mine went up by 100%.

If it makes you feel better, mine went up by 150% :cry:

MadMossy · 18 Jun 2022 at 08:20

Richie said:
If it makes you feel better, mine went up by 150%

Mine went from £58 to £146 and its not even winter so heating has been off since March pretty much.

Pottsey · 18 Jun 2022 at 08:21

MadMossy said:
There's a bloke in Germany who has been tracking his Tesla mileage for years, his Tesla Model S P85D has now done over 1 million miles, its on its 3rd battery so to get 300,000+ miles per battery is pretty good considering most petrol engines would barely manage half that, diesel may just about manage it but the wear and tear on the engines would probably require a replacement at that point anyway.

He also said that he most recent battery replacement wasn't a new unit but a reconditioned one that had 340km range, after 400,000km (250,000 miles) its down to 310km which is a 10% loss which is pretty good considering.

Juist been reading about that and its more interesting then it sounds. The 1st battery had a fault at 180k miles so they lent him a loaner battery for 93k and then he did 700k on the 3rd battery? Before this EV he had a Tesla Roadster, which exceeded more 385k.

All these people talking aobut EV not lasting and only being able to do short miles before they die really need to get with the times. They seem to be outliving ICE cars.

Richie · 18 Jun 2022 at 08:22

It wouldn't surprise me if, come the Oct cap raise, the energy companies lump most of it on the SC as they expect people to dramatically lower consumption.

Can't have that affecting income now...

413x · 18 Jun 2022 at 08:28

MadMossy said:
There's a bloke in Germany who has been tracking his Tesla mileage for years, his Tesla Model S P85D has now done over 1 million miles, its on its 3rd battery so to get 300,000+ miles per battery is pretty good considering most petrol engines would barely manage half that, diesel may just about manage it but the wear and tear on the engines would probably require a replacement at that point anyway.

He also said that he most recent battery replacement wasn't a new unit but a reconditioned one that had 340km range, after 400,000km (250,000 miles) its down to 310km which is a 10% loss which is pretty good considering.

That is pretty good to be fair

Sankari · 18 Jun 2022 at 08:39

Macky said:
If it makes you feel better, mine went up by 100%.

How the hell is that even possible?!

Sankari · 18 Jun 2022 at 08:42

MadMossy said:
There's a bloke in Germany who has been tracking his Tesla mileage for years, his Tesla Model S P85D has now done over 1 million miles, its on its 3rd battery so to get 300,000+ miles per battery is pretty good considering most petrol engines would barely manage half that, diesel may just about manage it but the wear and tear on the engines would probably require a replacement at that point anyway.

He also said that he most recent battery replacement wasn't a new unit but a reconditioned one that had 340km range, after 400,000km (250,000 miles) its down to 310km which is a 10% loss which is pretty good considering.

To be fair, he's also replaced the drive motor three times.

I'm impressed by the longevity of the batteries, but I shudder to think what he's spent. Just hope most of it is tax deductible.

Bazzards · 18 Jun 2022 at 08:44

I was just about to say, how much did it cost him to replace those parts?

b0rn2sk8 · 18 Jun 2022 at 08:46

Nothing, it will have had an 8 year unlimited milage warranty on the battery and motors on the original S&X cars.

I don’t think they landed in Europe until 2013 and the U.K. in 2014.

Bazzards · 18 Jun 2022 at 08:48

He did well then.

Sankari · 18 Jun 2022 at 08:50

b0rn2sk8 said:
Nothing, it will have had an 8 year unlimited milage warranty on the battery and motors on the original S&X cars.

I don’t think they landed in Europe until 2013 and the U.K. in 2014.

He does admit it's cost him something, he just won't say how much. So I'm guessing not all of this was done under warranty.

Harlequin · 18 Jun 2022 at 08:52

Surveyor said:
Student loan interest rates to be capped at 7.3% from September

Student loan interest rates are set to rise from 4.5% to 7.3% for many from September, the Government has announced. The change will affect current students in England and Wales, as well as former students with outstanding loans who started university in/after 2012.

www.moneysavingexpert.com

Student loan rate makes very little difference to 90% of students ability to repay it. It only effects those who have high jobs (eg above 100k).

darael · 18 Jun 2022 at 09:00

Sankari said:
How the hell is that even possible?!

Some direct debits have gone up even more than that. But that's partly due to poor account management by the customer and/or provider. For example, not providing regular meter readings and allowing the account to fall into a negative balance. Suddenly the provider asks for a reading and the customer is landed with a walloping bill because they haven't read the meter for around 6 months, or longer in many cases.

I keep telling my family to get a smart meter installed, to remove the burden of reading meters manually. The provider can then take their own readings as often as they want and nobody has to write on their calendars or set alarms to read the meter.

Me being me, I have a smart meter and read my meter every month. This way I know where I stand in terms of usage and it makes online comparisons far more accurate and simpler.

Haggisman · 18 Jun 2022 at 09:07

Sankari said:
How the hell is that even possible?!

My guess would be coming off a fix at just the wrong time. Mine has gone up by a similar %, in March I was paying £115/month, my gas fix ended on 1st April and now £179. My electric fix ends next month at which point my monthly cost will be £261.

Then 3 months later I assume it will go up another 50% when the cap is raised in October.

I can probably knock quite a few £ off it to be honest, have stopped mining over the last couple of hot days and looking at the usage difference that should save me £15-20 month, we also were running a pool heater over the summer last month which wasn't exactly cheap, and can give that a miss this year! Also installed an extra 200mm loft insulation as we only had 100mm, with current prices that should pay for itself within 12 months!

Still vastly outweighs the £150 pay rise I got this year (most of which was instantly wiped out by the NI increase :mad:

)