Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Soldato
I would say the new cap is totally unaffordable for a large % of the population. The economy will collapse.
Soldato
Why no point in capping at £3.5K?
It's better than waiting and seeing the prices go to more than £5k cap in Jan.
It has a better delta between actual wholesale and cap prices, which means less "debt" getting accrued as you go.
I think combo of £3.5K cap with properly targeted help for the ones most in trouble for a bit of extra support is the best move.
I think you're right. They are tory. But they aren't completely stupid.
Truss the sacrificial lamb?
I did wonder if they want to lose it. Give Labour the impossible clean up job and then come out in 5 years time saying "look at the mess Labour have made".
3.5k cap is unaffordable for so many.
3.5, 5.5, 10. Any of those are high enough that so many people won't be able to pay it won't matter where it is from a country perspective.
The country will be ruined.
Soldato
Just squeezed in my fix with Octopus Go this morning. Fixed for 12 months.
40.13p/kWh day
7.5p/kWh night
37.65p SC
40.13p/kWh day
7.5p/kWh night
37.65p SC
Soldato
Good luck. They'll throw out a few catchy soundbites and make some promises which everyone knows they have no intention of keeping, voters will lap it up, and vote them in again, then be surprised when they get ****** up the **** with a giant *****
Gees. How can you get a fix cheaper than the cap?
Octopus really are a decent one. I'm not sure how they do it!
The Tories sold off the gas storage facilities so the excess gas we produce is sold to Europe cheap, meanwhile we import more expensive LNG, because we can't store in summer the gas we produce
Soldato
That's why I said target some additional help at the people that need it the most.
I agree with a lot of what is said here: https://forums.overclockers.co.uk/t...-no-referrals.18948056/page-605#post-35805191
People need to take some personal accountability as well. I don't want to be paying cap pricing either but something has to give.
I have a work colleague who is complaining about the new cap. He told me he runs 4 PC's that are on 24/7 doing different things. Huge disconnect between the reality of the cost and the desire to change.
Good luck. They'll throw out a few catchy soundbites and make some promises which everyone knows they have no intention of keeping, voters will lap it up, and vote them in again, then be surprised when they get ****** up the **** with a giant *****
I know.
Just like if a party 10 years ago would have said "let's build a few nuclear power plants, we might have to put tax up a penny, we are worried about the future" they wouldn't get voted in.
Eww nuclear.
Eww more tax.
Soldato
- Joined
- 21 Jan 2010
- Posts
- 3,569
I recommend getting a heated electric throw for work and electric blanket for your bed.
Way cheaper to run than heating the whole house, especially if working at home.
Way cheaper to run than heating the whole house, especially if working at home.
Soldato
Yup. Probably worth getting in there quick before everyone else does as well!
Soldato
But if people use less then they don't pay as much, that average usage will need to come down as well.
Get it down to £3K average and it's £250/month, it's high but shouldn't be insanely out of reach for most people.
Soldato
- Joined
- 28 Nov 2005
- Posts
- 12,997
Are people recommending getting a fixed for 12month now?
Ours come to an end in June but I've been reluctant to get a fixed ... would a high fixed rate be cheaper than the standard tariffs ? We are with Eon
Ours come to an end in June but I've been reluctant to get a fixed ... would a high fixed rate be cheaper than the standard tariffs ? We are with Eon
Soldato
2k 3.5k 10k
All the difference is where the "normal"* point that unaffordability crosses income.
* I mean ignoring outliers like overly thrifty, and overly heavy spenders vs their income level.
I mean £3.5k is still "only" £300 a month. We are just used to energy being cheap.
An extra £2.5k for many is still the equivalent of a summer holiday, or a 3090Ti for example.
I would actually say a good proportion with (painful) adjustment would afford it.
For me its not this in isolation thats the issue, I am sure many could adjust to it, but that its alongside inflation in food, likely mortgages etc
We were talking elsewhere but I think my food shop for example has probably risen by around £2.5k a year as well compared to pre pandemic.
All the difference is where the "normal"* point that unaffordability crosses income.
* I mean ignoring outliers like overly thrifty, and overly heavy spenders vs their income level.
I mean £3.5k is still "only" £300 a month. We are just used to energy being cheap.
An extra £2.5k for many is still the equivalent of a summer holiday, or a 3090Ti for example.
I would actually say a good proportion with (painful) adjustment would afford it.
For me its not this in isolation thats the issue, I am sure many could adjust to it, but that its alongside inflation in food, likely mortgages etc
We were talking elsewhere but I think my food shop for example has probably risen by around £2.5k a year as well compared to pre pandemic.
Yes, if it was just energy it wouldn't be so bad. And as before. Its all about personal circumstances. But 3.5 with all the above is going to be too much for too many.
No easy solutions though
It's because they lose money on purpose
Shame they can't currently decide whether or not I need a new smart meter so I'm not able to lock in a GO rate
really hoping they can sort it out soon.Dead pigeons in the water tank