They are talking about a "complicated" version of it, they better not screw over small business.Sweet - my price goes down when my fix expires in November!
But what does this mean for small businesses, which have no cap?
They are talking about a "complicated" version of it, they better not screw over small business.Sweet - my price goes down when my fix expires in November!
But what does this mean for small businesses, which have no cap?
Just heard it on the tv, details to be announced.Sweet - my price goes down when my fix expires in November!
That's what I'm assuming (and hoping too!)Just heard it on the tv, details to be announced.
Lets hope by current prices they mean the April price cap and not the October cap announced the other week![]()
Yep, it's great news. I was hoping Sunak would be PM and give more handouts, but this is much better and now I'm happy Liz Truss won. Current energy prices frozen for 18 months and energy companies taking out government loans. Going to be millions of happy people instead of the predicted worry of fuel poverty.BBC news reporting that prices will be frozen at the current cap for this winter and next.
I don't agree with the proposed tax cuts but high energy prices are driving inflation so the cap should help.My fix isn't quite so exciting.
If we are getting the 66 a month still.. Looks like I'm going to be contributing to some more inflation!
I know this has to happen. But makes me wonder if it's going to super charge inflation. Especially with high earners getting a chunky tax cut
That's probably the plan, spend our way out of recession.This with the promised tax cuts too - I'm off to spend some more money![]()
It also means people will care less (again) about how much energy they're using so will likely cause similar or increased usage against constrained supplies. Pushes us closer to blackouts...Yep, it's great news. I was hoping Sunak would be PM and give more handouts, but this is much better and now I'm happy Liz Truss won. Current energy prices frozen for 18 months and energy companies taking out government loans. Going to be millions of happy people instead of the predicted worry of fuel poverty.
Let’s not forget that current prices are still very high for many people.Yep, it's great news. I was hoping Sunak would be PM and give more handouts, but this is much better and now I'm happy Liz Truss won. Current energy prices frozen for 18 months and energy companies taking out government loans. Going to be millions of happy people instead of the predicted worry of fuel poverty.
Can someone please remind me what the current price cap is
28p elec and 7.3p gas IIRC.Can someone please remind me what the current price cap is
The tax cuts were also necessary. We are really uncompetitive compared to US and other major non-European economies. We are traditionally not a socialist country but have a tax system like one which hurts competitiveness and attracting people here.I don't agree with the proposed tax cuts but high energy prices are driving inflation so the cap should help.
Remember the April price cap was still a big increase over last years prices, it just seems small to what we were expecting next month / year.
The delay on announcing this is disgraceful though, people and businesses have signed contracts for higher energy prices thinking there was no support coming.
Last price cap period (1 April - 30 September 2022) | Current price cap period (1 October - 31 December 2022) | |
---|---|---|
Electricity | £0.28 per kWh Daily standing charge: £0.45 | £0.52 per kWh Daily standing charge: £0.46 |
Gas | £0.07 per kWh Daily standing charge: £0.27 | £0.15 per kWh Daily standing charge: £0.28 |