Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Caporegime
Link?
It's just bonkers. My partner and I both have decent jobs and are above the median house-hold income (not quite Gucci belt level just yet) but it's not like we live a lavish life by any stretch and to make things worse we have a 4 month old who now depends on us. I feel all of my adult working life has been throughout some level of austerity or recession and I, perhaps wrongly, feel like I never got to benefit from any of the 'good times'.
Ultimately, it is what it is and we are all in the same boat and as much as it sucks for most of us on this forum, there are going to be really vulnerable people out there who are going to be made even worse off than they are now.
I feel bad for even turning on my PC for gaming these days. Suddenly I now care how much power the 3090 draws!
Likewise, I graduated / left education just as the 2007 crash occurred. If I had entered the workforce just 5 years earlier than I did, most likely I would be far far more comfortable than I am now. It's recession and "once in a lifetime" events one after the other.
I now face paying my mortgage until the day I retire, I'm just hoping I can build a substantial pension pot to finally enjoy my retirement. I certainly can't afford international holidays or many luxuries, most of my family holidays are cheap camping trips.
Soldato
I would encourage everyone to get a handle on their usage, don't need a smart meter to do it, although it makes it easier. Billing is largely consumption based with some fixed standing charge costs, so lowering consumption is one way to tackle increased costs. I appreciate you can't always lower consumption.
Take an electric meter reading once per day if possible for a week (same time of day is best), using stuff as normal. That will give you 7 data points across a week, with kwh usage start and end values, difference / 7 = average daily consumption, check that against each 24 hours worth of usage and see if any days are particularly high compared to others.
Electric usage shouldn't change a lot throughout the year unless you're powering something seasonal like AC, or the central heating is electric.
This is a starting point I think everyone should understand, how many kwh they use per day roughly. Extend the meter readings a bit to get even more accurate data.
Until recently I think the costs for units were cheap enough people would largely ignore usage.
If the usage is high then you can investigate in the home to try and work out what is using the most. Smart meter IHD makes this easier because you can see real-time power usage, but otherwise you can turn stuff off more or between daily reads to see if there is a noticeable drop.
Take an electric meter reading once per day if possible for a week (same time of day is best), using stuff as normal. That will give you 7 data points across a week, with kwh usage start and end values, difference / 7 = average daily consumption, check that against each 24 hours worth of usage and see if any days are particularly high compared to others.
Electric usage shouldn't change a lot throughout the year unless you're powering something seasonal like AC, or the central heating is electric.
This is a starting point I think everyone should understand, how many kwh they use per day roughly. Extend the meter readings a bit to get even more accurate data.
Until recently I think the costs for units were cheap enough people would largely ignore usage.
If the usage is high then you can investigate in the home to try and work out what is using the most. Smart meter IHD makes this easier because you can see real-time power usage, but otherwise you can turn stuff off more or between daily reads to see if there is a noticeable drop.
Soldato
I don't disagree, but cost savings are cost savings. People have got used to, for want of a better phrase, a certain level of luxury in this country (and the west in general) and now that is at risk of being taken away through no fault of their own.
Turn a tap on, instant hot water, flick a switch, light everywhere, 3 showers a day, no problem, bit chilly, crank that CH up, eat out every week, great!
For a lot of people the good times are over. For a lot more they never started.
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Soldato
Time to get a shift or two at McD's. Not joking btw, serious suggestion.
Soldato
There's no reason they should deny a refund, they know you are on a cheap deal until '24. They just want to hold on to the cash.
Once I know how much I'm in credit by with EDF I shall be doing the same.
Got the cash. I asked if they take into account the government 400. They are not until it lands.
So no doubt I will need to chase for a refund in a few months again!
I'll probably be in credit by 400 in 6 months.
Soldato
From what I can tell we're paying £125 a month and using under £75...
We are now paying 100 and using 80ppm (summer)
But still 150 credit left.
That looks to me like a 0 balance after a year. Except the 400 free money will be 400 credit.
'Fat cat' bosses of biggest energy firms head to showdown meeting
Bosses pictured entering Number 10 today included Michael Lewis, the £1million-a-year CEO of E.ON, Tom Glover of RWE, and Clare Harbord of power generator Drax.
what a shambles £400 wont do nothing!
Associate
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- 1 Sep 2013
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Makes me wonder what the government will do
Keep chucking out handouts every time the energy costs increase which could be indefinitely as far as we know
Force the energy tycoons to lower prices
Or the tory way let it stuff the country and do jack
Keep chucking out handouts every time the energy costs increase which could be indefinitely as far as we know
Force the energy tycoons to lower prices
Or the tory way let it stuff the country and do jack
It'll be interesting to see if advocates of using variable direct debits still think it's better if/when they're getting £1k+ bills in January...
Soldato
Maybe they won't count the £400 yet as it could well change with a new pm. Increased considerably hopefully...
I know that's a slight exaggeration as for me it will pretty much mean I'm paying what I am right now but throughout winter. So will completely offset October increase.'Fat cat' bosses of biggest energy firms head to showdown meeting
Bosses pictured entering Number 10 today included Michael Lewis, the £1million-a-year CEO of E.ON, Tom Glover of RWE, and Clare Harbord of power generator Drax.www.dailymail.co.uk
what a shambles £400 wont do nothing!
Soldato
'Fat cat' bosses of biggest energy firms head to showdown meeting
Bosses pictured entering Number 10 today included Michael Lewis, the £1million-a-year CEO of E.ON, Tom Glover of RWE, and Clare Harbord of power generator Drax.
what a shambles £400 wont do nothing!
No new measures to help with cost of living after crisis talks between Boris Johnson and energy bosses
Boris Johnson doubled down on his stance that it would be for his successor, Liz Truss or Rishi Sunak, to make "significant fiscal decisions ".
news.sky.com
Soldato
How much will you need to use and at what price will it need to be, to be £1k in a month?
At current cap, and using more than most do, my bill month to month without CH costs is around £150-£200 at present. Add say £100~ for extra gas usage during winter, bill isn't going to 3-4X between now and Jan.
October cap will be around 45p/kwh on elec probably. Jan is estimated to be higher still, but even at 60p/kwh that is a doubling of the price.
People paying £1K in a month will have exceptional usage.