Energy Prices (Strictly NO referrals!)

delta0 said:
Sky news. It’s gone below 5 now apparently.
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I knew it had dropped. But I didn't realise the midrange forecast had too.

Felt 4-5pc was enough to do some damage so didn't see much above that myself. But predicting the top is essentially in? I guess the lenders have just gotten ahead of the base rate due to other KPIs that are used that some of the more knowledgeable forum members on here have talked about

If this does turn out to be the case house prices won't drop far.
 
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Well, I was missing the anxiety from higher bills coming anyway. hah.

It will be interesting to see what all the reduction measures I have gone through mean come May.
 
CaptainRAVE said:
Energy companies are such crooks. Had our first bill through for our holiday place and an ‘estimated usage’ of 850kwh at about £250 for a month! Absolute jokers. I’ll send our actual usage once I read the meter next week. I mean our main home only uses 200kwh! Glad we didn’t setup a DD.
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So our actual use is less than a quarter of their ‘estimate’. Worse, they now can’t seem to create an account for us to even submit the reading and if it doesn’t work in the next 24 hours to ‘call back’ - on the number that cuts you off and directs you to go to the online form that also doesn’t work. Amazing.

That said, it still works out at £50 of electricity a month, so the wife can chill with her constant use of the washing machine.
 
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I know people tend to distrust smart meters, but how many of these silly direct debit figures that people are getting are down to only having estimated usage for the energy companies to use? If more people had smart meters, there is a much better chance their bills would reflect actual usage. You see it all the time over on the money saving forum, massive direct debits and it turns out they haven't submitted readings for months, sometimes years!
 
squerble said:
What a farce, so it's being recorded to be broadcast.
BBC just revealed "almost all" of the tax changes will be reversed though.



EDIT: Live now.
* Corporation tax change gone as announced Friday
* Health and social care levy gone
* Dividend tax rate gone
* New VAT free shopping scheme gone
* Basic rate staying at 20p, not even going down in 2024 to raise around £32bn/year
* IR35 change gone
* Energy price guarantee only running until April now.
* Stamp duty cut being retained
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Interesting the housing market is still been prioritised, why on earth did they keep the stamp duty changes.
 
chrcoluk said:
Interesting the housing market is still been prioritised, why on earth did they keep the stamp duty changes.
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Probably because the thresholds needed to move anyway. Anything with a threshold like that (e.g. income tax personal allowance) needs to move with inflation/market rises otherwise its just an ever increasing stealth tax and isn't how it was intended to be used.
 
The new measures I expect will be more targeted CoL payments with another universal £400, or potentially but unlikely a tiered unit subsidy which is what the EPG should have been first time round. I think its unlikely because if it was been considered they could have said they changing the EPG instead of scrapping it.

The targeted CoL caused a ruckus amongst some higher earners who started saying its "unfair", but was nothing like the chaos caused by a without a care in the world all you can eat subsidy and mental unfunded tax cuts.

Austerity is on the way though, he has Osborne's advisors.
 
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Feek said:
They'll give it to people on Universal Credit which is great for them but for the rest of us who actually need it, we'll get a kick in the nads.
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And I'm frankly sick of it, it feels so utterly unfair that the people that put their nose to the grindstone and got on with it are constantly overlooked while those on benefits get handout after handout after handout after handout. Let me guess, they'll get a further £1200 down the line or another £300 off their council tax bill.

I'm not saying they shouldn't get it, but middle-income people needed the cap so they're not raped by the energy companies. It was the only thing we practically got that helped and they now thinking about removing it come April. Now instead of feeling on top of things again all my anxiety is back because i have to think of ways to make money on top of the fact i work full time already.
 
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