Man of Honour
- Joined
- 21 Nov 2004
- Posts
- 45,792
Good, we never should have stopped fracking and North Sea exploration and expansion.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Good, we never should have stopped fracking and North Sea exploration and expansion.
It's also dirty, contaminates water supplies, uses huge amounts of water and has high carbon emissions. What's not to like?!
Or the fact that the energy companies obscure figures making it hard to work out
Soldato
I am sounding like a broken record at this point, but again - it doesn't help you at all. It never will. There's zero point to expansion of these industries without a nationalised stake in them.
Caporegime
The price cap is nothing to do with total usage, if I used 10k worth of electric it would not be capped at 2.5k.
Soldato
- Joined
- 23 May 2006
- Posts
- 7,479
it is terrible news imo................ solar farms getting planning permission refused at the same time as greenlighting frakking - something that just weeks ago kwarteng himself said was absolutely the wrong thing to do.
i just hope the lifting of the ban is a technicality but that local opposition means it still does not happen.
Soldato
It pretty much was the only alternative. Got to let Truss do this plan and see if it works. If it doesn't vote her out next time. Its been a day, got to give it a chance.yea cos that was the only alternative
as long as millionaires can heat their swimming pools for the same price as a poor person can heat their home though
This is true.
The only benefit of the war. But in 50 years. It may well be looked at as a turning point
Soldato
Hence my initial query about the energy companies being on board with it (or as @Manbatius points out, were even aware of it before this point
)It's the same as the existing caps - so not a cap on the absolute amount you pay, just the unit rate and standing charge. If you use more than the fictional average household then you will pay more.
Do you have an example of an energy company obscuring figures? As far as I'm aware since 2014 all suppliers have had to provide their tariff details in a standard format (Tariff Information Label), so if you've found one which isn't doing so you should report them to Ofgem
The £2,500 price is for 'typical use'.
Typical use is :
- 2,900 kWh of electricity
- 12,000 kWh of gas
The kWh unit cost is capped, not your bill. Use more kWh pay more, use less kWh pay less !
Which is annoying for households like mine where we use very little gas but more electricity.
Soldato
Mode would probably be more useful in this instance?
But it's probably more likely to just be one of the Ofgem employees sticking in their own consumption and assuming everyone else's is the same
Soldato
My fix might still work out the be cheaper, when are the unit rates & standing charges being released?
They are use numbers which come from Ofgem and are probably out dated today. [Households are moving towards using more electricity].
Soldato
Surely if there is a cap that is ultimately paid for by tax payers, then the "rich" (or what you perceive to be rich ie 40/45% tax payers) will be paying disproportionately more back for it ? So actually your goal of the "rich" supporting the poor is actually happening?
Not really. Not enough.
Every tax cut is going to be more debt. And with the tax cuts coming in saving the rich 1000s in some cases, and capping like this (also saving the richest 1000s) you're effectively burdening the entire country with a higher contribution by the rich compared to what could have happened.
No tax cut. A tiered energy unit price.
Someone earning 100k Could easily benefit by several 1000 with this. I don't think that's right when interest rates on borrowing are increasing and our national debt interest alone is 100bln (I think)