Energy Prices (Strictly NO referrals!)

rumple9 said:
Poor argument. They should not be using my money that I worked for, to pay other people's debts. That is the definition of communism !
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They’re not using it to pay the debt, merely holding your credit until it’s spent.
Let’s not forget that you don’t pay for the energy you use every day until you’re billed for it, so that ‘credit’ would be a lot less in real time!

Side note: that’s also not the definition of communism
 
According to telegraph new price cap of £3,100 from April with £600 to those on benefits and pensioners - seems reasonable.

Plus warmer than expected winter due..

Don't think those riots will materialise any time soon lol..
 
n111ck said:
According to telegraph new price cap of £3,100 from April with £600 to those on benefits and pensioners - seems reasonable.

Plus warmer than expected winter due..

Don't think those riots will materialise any time soon lol..
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This was Cornwall Insight only two weeks ago. Would be huge if that. It already massive numbers tbh. Diesel costs are my major gripe at min though tbh compared to Gas/Electric. It is so expensive at moment considering petrol prices.
 
Thats an interesting set of data for sure.
So I suspect for many there are still more rises to come!

On Diesel/petrol I was out yesterday and noticed the price was £1.62 for unleaded and £1.92 for diesel. It was a smallish but busy station so I am assuming indicative of whats going on pricewise.
 
n111ck said:
Plus warmer than expected winter due..

Don't think those riots will materialise any time soon lol..
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hmmh for typical consumer April will be up by 50% over Mar, and ... summer months will be the same as winter / March ~£200
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Mercenary Keyboard Warrior said:
Thats an interesting set of data for sure.
So I suspect for many there are still more rises to come!

On Diesel/petrol I was out yesterday and noticed the price was £1.62 for unleaded and £1.92 for diesel. It was a smallish but busy station so I am assuming indicative of whats going on pricewise.
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Yeah diesel wise is anything from £1.859 to £1.959 and course more on motorways. The lowest it had dropped too was £1.729 from what I had seen so it a significant rise again. It was £1.459 in Jan and £1.359 previous September to compare. I mean Feb 2016 it was right down to £1 a litre!!
 
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Troop said:
Wonder how much of that 1.3 billion is from quarterly customers who pay as they get billed, after they have used the electricity? (if any)
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The billing is very odd.

I would price it on risk.

Pre pay cheapest.
Variable DD bit more expensive.
Fixed DD most expensive and requires good credit history to get on it. As this is the one payment type as well where people can build large debt.

Having debt with an energy supplier, no interest, what lender in the banking industry gives out 0% to undesirable customers?
 
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chrcoluk said:
The billing is very odd.

I would price it on risk.

Pre pay cheapest.
Variable DD bit more expensive.
Fixed DD most expensive and requires good credit history to get on it. As this is the one payment type as well where people can build large debt.

Having debt with an energy supplier, no interest, what lender in the banking industry gives out 0% to undesirable customers?
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I think we should stop being fixated on payment type and focus far more on "usage when".
The fixed DD in theory is balancing from what I was told on an annual point where your meters could be read so if properly taken and no massive price changes the net impact of the fixed DD customers should be basically zero.
I do agree however in that its quite likely that it will become a privaledge rather than a right as some point, eg being credit scored for an account.

What you miss is that there are significant costs incurred with prepay so its not the cheapest to support at all. In fact its considerably more expensive.
Maybe if they paid the actual fee for the payment then it may support a cheaper price, but with potentially 20-30 transactions per month compared to the other two methods its completely obvious why its more expensive.

The middle option has just as much risk as the last unless its based on a smart meter.

In fact a smart meter should get a discount due to accuracy of data provided.
 
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Martini1991 said:
How are the bills reasonable, especially to those on basic pensions etc, giving them a fraction of the cost doesn't help.
A 3.1K energy bill with no help, on top of mortgage interest increases and everything else, I've got nothing left to give lol.
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Pensioners get £600 which will bring the cost down to the current EPG and given they probably dont use that much will equate to even more of a discount.
 
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