Energy Prices (Strictly NO referrals!)

[BUDFORCE]

Woa, just had a look at what Octopus are offering if I switched to a 12m fixed rate. 75p a unit. My bill would go from ~£300 to ~£650.

Damn, is this really how bad it's expected to get in October?

Damn, we fixed with EDF about 2 months ago for 2 years at 35p.

 

[Mercenary Keyboard Warrior]

Maybe we should move it to the same as water. You can make x amount of profit Per year.

That's sort of how the water industry operates

Companies have to tender and justify increasing this. They do this to ofwat. If ofwat says no, they can't increase their unit prices etc. They ofwat have a lot of power.

Problem is they then dump sewage, over extract water since its cheap to do it that way etc

 

[Hawk Tuah]

Your new quote
£8,198.94
Based on the latest industry estimate of your energy use. Regular readings make this more accurate.

Tariff cost breakdown
Electricity
Daily standing charge Question mark icon 41.49p /day
Unit rate (day) Question mark icon 75.01p /kWh
Unit rate (night) Question mark icon 50.04p /kWh
Early exit fee £0
Gas
Daily standing charge Question mark icon 27.22p /day
Unit rate Question mark icon 19.65p /kWh
Early exit fee £0

 

[Mercenary Keyboard Warrior]

Woa, just had a look at what Octopus are offering if I switched to a 12m fixed rate. 75p a unit. My bill would go from ~£300 to ~£650.

Damn, is this really how bad it's expected to get in October?

Thats more like the Jan one from latest estimates.

 

[413x]

Problem is they then dump sewage, over extract water since its cheap to do it that way etc

Yeah it's an issue. We have issues in previously lovely rivers now. Wye beia particularly bad one.

 

[413x]

Your new quote
£8,198.94
Based on the latest industry estimate of your energy use. Regular readings make this more accurate.

Tariff cost breakdown
Electricity
Daily standing charge Question mark icon 41.49p /day
Unit rate (day) Question mark icon 75.01p /kWh
Unit rate (night) Question mark icon 50.04p /kWh
Early exit fee £0
Gas
Daily standing charge Question mark icon 27.22p /day
Unit rate Question mark icon 19.65p /kWh
Early exit fee £0

I'd be hitting 300-450 a month with that

Tories need to wake up.

 

[Doobedoo]

I can see significant losses next year. If price cap is a loss maker. And most remaining fixes are loss making, and account deficit is growing... Its going to be a bad year.

Their is something wrong with this country when we prioritise the welfare of profit margins over those that grant those profit margins. We’ve got to stop fulfilling the role of the little guy and allowing them to psychologically bully us into maintaining what’s good for them at the expense of what’s good for us. They are privileged to have access to our lucrative markets and deep down they know it.

 

[Hawk Tuah]

Anyone else on Octopus used their 'Crystal Ball Mode' in the Balance Forecast predictor?

Damn, it's estimating that energy usage in Jan next year is going to cost more than a grand a month.

 

[Hawk Tuah]

I'm building up a big stock of firewood ready, working through adding more insulation in the loft. Damned if I'll be paying that much.

 

[Puzzled]

But this year its going to be negative.
If you take that profit and they say... Well there's no point being here anymore. We are leaving the UK... What then?

Let them go under, company is now worth sod all and nationalise it.

There is no longer any competition in the energy supplier market, it has failed spectacularly. Nationalise it and stop paying global energy market prices for home based renewables and north sea gas, those supplies should be bringing down the costs from our energy imports.

 

[Kill_Phil]

Anyone else on Octopus used their 'Crystal Ball Mode' in the Balance Forecast predictor?

Damn, it's estimating that energy usage in Jan next year is going to cost more than a grand a month.

Yup 940 quid for January predicted. Dunno whether to cry or laugh.

 

[Mysterae_]

Your new quote
£8,198.94
Based on the latest industry estimate of your energy use. Regular readings make this more accurate.

Tariff cost breakdown
Electricity
Daily standing charge Question mark icon 41.49p /day
Unit rate (day) Question mark icon 75.01p /kWh
Unit rate (night) Question mark icon 50.04p /kWh
Early exit fee £0
Gas
Daily standing charge Question mark icon 27.22p /day
Unit rate Question mark icon 19.65p /kWh
Early exit fee £0

Holy ****!

75p /kWh, that is daylight robbery.

 

[Hawk Tuah]

Hmm. I wonder if it's actually cheaper to get hold of a few BBQ gas bottles and cook on a camping stove. Stock up on a few now.

 

[413x]

Let them go under, company is now worth sod all and nationalise it.

There is no longer any competition in the energy supplier market, it has failed spectacularly. Nationalise it and stop paying global energy market prices for home based renewables and north sea gas, those supplies should be bringing down the costs from our energy imports.

I don't think it would make much difference?

We have to pay the market rate.
Bp are profitable.
Youd have to pay 100s of blns. Possible into the trillions to nationalise the whole supply chain.

Then that would have to be paid for in taxes.
Youd be getting no tax from BP etc as you'd be charging at cost.


I don't see it as viable?



In principle I agree. It should be nationalised. But it needed to be before now. But apparently things were terrible when I more services were?

 

[Uther]

Yeah my brother in law just got a quote, £700 a month.

Your new quote
£8,198.94
Based on the latest industry estimate of your energy use. Regular readings make this more accurate.

Tariff cost breakdown
Electricity
Daily standing charge Question mark icon 41.49p /day
Unit rate (day) Question mark icon 75.01p /kWh
Unit rate (night) Question mark icon 50.04p /kWh
Early exit fee £0
Gas
Daily standing charge Question mark icon 27.22p /day
Unit rate Question mark icon 19.65p /kWh
Early exit fee £0

 

[chroniclard]

Are we going to see businesses going under as well?

 

[413x]

Are we going to see businesses going under as well?

Guaranteed. They don't even have a price cap like. Domestic right?

 

[Uther]

Are we going to see businesses going under as well?

Without a doubt. Even discarding their energy bills, nobody is going to be spending money.

 

[n111ck]

Are we going to see businesses going under as well?

Will be interesting to see what 24 / 7 businesses do - is it worth keeping shops / McDonalds etc open overnight and if not what happens to those jobs...

 

[Troop]

@Bug One , you sure you're not looking at the business rates, domestic is way cheaper that that on Octopus