Energy Prices (Strictly NO referrals!)

413x · 7 Jul 2022 at 21:05

200sols said:
A 10% dip takes us back to 8/9 months ago

I know.
Apparently our house has gone from 260 to 340 since Feb 2020. (zoopla)

I don't believe it myself. I think that very optimistic. But it's a disgusting amount. But I'd be mad if I didn't go for it back then and I was very much 50/50.

Kimd of shows you never really know what's coming next.

413x · 7 Jul 2022 at 21:06

flibbage0 said:
Extremely unlikely to happen, unfortunately if like me your mate has probably been saving up a deposit for years, sacrificed travelling or getting a fancy car etc.
I understand all of us young people are in the same boat however I feel especially sorry for those that have continued to live like a student for 5-10 years after university and still cannot buy a house.

At the same time I have friends that have done the opposite, bought Rolex's, Hot hatches, went travelling. They have something to show for it whereas I don't other than what would be a sizeable deposit 2-3 years ago.

I actually think it's a bit different for him. I think he's quite well off. Lives at home, does a horrendous amount of overtime. I think he's trying to optimise it like an investment.

200sols · 7 Jul 2022 at 21:08

robfosters said:
should be cheap next week. No heating, salads, cool showers.

And your air con unit? :cry:

robfosters · 7 Jul 2022 at 21:11

200sols said:
And your air con unit?

Oh ****, forgot about that. That’s gonna cost me about £2 a day!

Surveyor · 8 Jul 2022 at 13:47

Cost of living: Energy bills forecast to hit £3,363 a year

The prediction comes as a plan is agreed to explore how to help households struggling to pay this winter.

www.bbc.co.uk

Cornwall Insight said that the typical domestic customer was likely to pay £3,244 a year from October, then £3,363 a year from January. The typical bill at present is about £2,000 a year.

SDK^ · 8 Jul 2022 at 13:55

Anyone fancy fixing on the Octopus rates released today :eek:

Gas 17.7p kWh
Electric : 53.7p kWh

413x · 8 Jul 2022 at 14:31

SDK^ said:
Anyone fancy fixing on the Octopus rates released today

Gas 17.7p kWh
Electric : 53.7p kWh

That gas rate is over 3x as high as I'm paying
Electricity over 2x

darael · 8 Jul 2022 at 14:47

Typical domestic energy bills could hit more than £3,300 a year this winter, according to the latest forecasts.

Consultancy Cornwall Insight said the typical gas and electricity bill in England, Wales and Scotland could reach £3,363 in the new year.

The prediction comes as suppliers and consumer groups agreed a plan that could lead to a dedicated hotline and debt support for struggling households.

A set of government payments to help with bills starts to be paid next week.

However, there were calls for the government to do more to support families during the coming winter.

Cornwall Insight said that the typical domestic customer was likely to pay £3,244 a year from October, then £3,363 a year from January. The typical bill at present is about £2,000 a year.

Cost of living: Energy bills forecast to hit £3,363 a year - BBC News

In one of my previous posts in this thread, I predicted a 42% increase. Using the above figure, I'm now predicting a 68% increase in our bills. :mad:

At this rate, we'll be burning our floorboards to keep warm.

Andrew Moore · 8 Jul 2022 at 15:09

I’m going to get the shock of my life come may. I’ve not felt any of the roses yet and won’t feel any until jan. Based on use my bills going to increase from 3.7x to 4.4x based of what is being projected.

SDK^ · 8 Jul 2022 at 15:14

413x said:
That gas rate is over 3x as high as I'm paying
Electricity over 2x

That’s my point !

Andrew Moore · 8 Jul 2022 at 15:48

4.15x the amount on electric, 10.7x on my nightly cost and about 1.95x the standing charge.

5.92x the amount on the gas, but only about 1.2x the standing charge.

If I look at my bill for the year average and multiply that it’s going to put my bill at £480 a month give or take £20.

If prices are going up again based on the average house at £2k going to £3.3k then I’m going to be approaching £800 a month. Who the hell can afford that? That’s a mortgage..

Megahurtz400 · 8 Jul 2022 at 16:06

Andrew Moore said:
I’m going to get the shock of my life come may. I’ve not felt any of the roses yet and won’t feel any until jan. Based on use my bills going to increase from 3.7x to 4.4x based of what is being projected.

Think you’ll be feeling the thorns more than the roses

Surveyor · 8 Jul 2022 at 16:10

Andrew Moore said:
4.15x the amount on electric, 10.7x on my nightly cost and about 1.95x the standing charge.

5.92x the amount on the gas, but only about 1.2x the standing charge.

If I look at my bill for the year average and multiply that it’s going to put my bill at £480 a month give or take £20.

If prices are going up again based on the average house at £2k going to £3.3k then I’m going to be approaching £800 a month. Who the hell can afford that? That’s a mortgage..

Seemingly a Mortgage on a draughty castle in the bleak North East.

413x · 8 Jul 2022 at 16:15

Andrew Moore said:
4.15x the amount on electric, 10.7x on my nightly cost and about 1.95x the standing charge.

5.92x the amount on the gas, but only about 1.2x the standing charge.

If I look at my bill for the year average and multiply that it’s going to put my bill at £480 a month give or take £20.

If prices are going up again based on the average house at £2k going to £3.3k then I’m going to be approaching £800 a month. Who the hell can afford that? That’s a mortgage..

You have a high usage to be going up to 800ppm

SDK^ · 8 Jul 2022 at 16:23

Andrew Moore said:
If prices are going up again based on the average house at £2k going to £3.3k then I’m going to be approaching £800 a month. Who the hell can afford that? That’s a mortgage..

Shock - you use a lot, then you pay a lot

b0rn2sk8 · 8 Jul 2022 at 16:29

Use less? £800/month puts you at 3x the average household usage.

If you have an EV move onto something like Octopus go.

413x · 8 Jul 2022 at 16:32

EV or exceptional circumstances for 800ppm

throwaway4372 · 8 Jul 2022 at 16:36

Andrew Moore said:
I’m going to get the shock of my life come may. I’ve not felt any of the roses yet and won’t feel any until jan. Based on use my bills going to increase from 3.7x to 4.4x based of what is being projected.

same, in November, Merry xmas

the shadow · 8 Jul 2022 at 16:47

Andrew Moore said:
4.15x the amount on electric, 10.7x on my nightly cost and about 1.95x the standing charge.

5.92x the amount on the gas, but only about 1.2x the standing charge.

If I look at my bill for the year average and multiply that it’s going to put my bill at £480 a month give or take £20.

If prices are going up again based on the average house at £2k going to £3.3k then I’m going to be approaching £800 a month. Who the hell can afford that? That’s a mortgage..

Stay warm
https://www.tkmaxx.com/uk/en/men/cl...&ranSiteID=aBCSbjOIq8Q-Vcejz6JKHhbsdFmTS5UShw

HungryHippos · 8 Jul 2022 at 16:48

the shadow said:
Stay warm
https://www.tkmaxx.com/uk/en/men/cl...&ranSiteID=aBCSbjOIq8Q-Vcejz6JKHhbsdFmTS5UShw

Doesn't come with belt