The cap is only on the price per unit, not a households usage!
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Crazyness
Not really, the more you use the more you pay.
The cap is just a representative example for people that can’t do maths. It causes more problems than it solves imo.
You don't think that the price per unit isn't at least a little crazy right now?...
When you factor in the wholesale costs, no its not. Its still well below what it costs for the suppliers to buy it.
The prices themselves are high sure, but they have always been high just subsidised for a long time instead of gradually increasing over 20 years+, along with wages to compensate.
Its worse due to recent horrible things that have happened but once the government stopped subsidising it would have went up massively to a point that most people just cant afford it anyways.
Its only high because our government has made it that way to keep our costs as low as possible for a long as possible for whatever reason and not looking ahead.
France is mostly EDF, the government are still subsidizing the costs so their increase is about 5%, but they cant keep throwing money at it forever.
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Yea that sounds pretty crazy to me buddy
Soldato
Wow.
Currently paying£250pm
4 kids decent sized house.
It's mostly in electric as we use stove mostly in the winter with heating on 2 hrs morning and night rads on number ,2
Soldato
Energy bills to rise more than predicted, says Ofgem boss
The regulator's chief executive tells MPs its previous estimate on winter bills will prove to be too low.
www.bbc.co.uk
Somethings going to give soon i reckon and i think it will be people in the streets both homeless and protesting.
Im currently paying £90 a month and im in contract until the end of sept. Think I was looking the other day and it was set to jump to £160 for me. My fathers paying £60 a month for gas and electric combined (and thats overpaying for his summer usage) but his contract ends in a month and he will see a 2.5x on his electric price (18.36p ish to 44.75p) and 3.5x on his gas (3.26p to 11.43p).
Keep in mind that's just the April increase not including the October one. That £160 will be closer to £260 come October time.
This is assuming you are on standard price cap at the £160.
Come September time you will either be on the price cap at around £260 or pay MUCH more for a fixed deal. If your wanting a fixed tariff, looking north of £300+ when yours ends.
Soldato
Lol yeah im well aware, it's my job after all
The figure for myself would be if i move to the current price cap so obviously the october pain will come and maybe double it
Im teetering on locking my fathers energy prices in. I've done the math on the original expected 42% increase as well as a 52% increase for october and its borderline if its worth fixing for him at the moment as the offered price is about a 45-47% increase over current caps.Fortunately if any huge increases are in the works to our pricing i'll at least get half a days notice typically so i can lock him in before anything takes effect and the pricing is changed. Obviously if i hear of any impending price increases i'll give a shout out to folks on here too. Did that several months ago and managed to prompt about 10-12 people on here locked in before the pricing was pulled at midnight and much higher pricing came into effect
Its apparently 65% not the 52% that was reported a few weeks ago.Lol yeah im well aware, it's my job after all
The figure for myself would be if i move to the current price cap so obviously the october pain will come and maybe double it
Also yeah, I work at one of the big 6 at the moment also haha
Soldato
The alarm bells were triggered ages ago if your into your finances/utility/overheads following the inflation and recession patterns.
I was eventually going to get solar at some stage but this amplified my efforts massively. OK the gov are going to subsidise some of this in the short term where your £400 might get you out of a difficult spot, but long term you have to have made solid lifestyle adjustments to ride out this and its not looking like a few months. Try applying it to a few years. I cant see how any government will be able to help everyone out so you need to control what you can.
I was eventually going to get solar at some stage but this amplified my efforts massively. OK the gov are going to subsidise some of this in the short term where your £400 might get you out of a difficult spot, but long term you have to have made solid lifestyle adjustments to ride out this and its not looking like a few months. Try applying it to a few years. I cant see how any government will be able to help everyone out so you need to control what you can.
Soldato
Look what is happening in Srilanka, it'll happen here if people are pushed far enough.
Are people generally putting the heating on? My gas has been around £11 for the last three or four months. And that’s just because I have a gas hob and to heat water and the standing charge. If you’re putting heating on, you’re mad! If I don’t need it on in my 1920s semi in Glasgow I doubt many others need it.
Boris has a swimming pool!?
Yeah todays news on an even larger increase is not good. Germany seems pretty spooked about their gas pipeline potentially not coming back online as well.
Right now its not an issue for most people but once it starts getting colder the OAP are going to start dying off in droves.
Associate
Be a good season for firewood merchants....