Energy Price Increases After Hours

[Dylan]

Been quoted £1852 for gas and £1648 for electricity or £4222 for a fixed tariff.

Absolutely disgusting when you hear the massive profits that energy companies have announced this past week.

 

[Donna]

Until September 2021 I was paying:

Gas unit price (per kWh) 2.46p
Gas standing charge (per day) 27.40p
Electricity unit price (per kWh) 11.38p
Electricity standing charge (per day) 27.40p

I am currently paying (same as most people not on a fix)

Gas unit price (per kWh) 7.22p
Gas standing charge (per day) 27.22p
Electricity unit price (per kWh) 27.09p
Electricity standing charge (per day) 48.65

Current prices are forecast to more than double in January.

 

[Boot Cleaner]

So it is obvious then that every single supplier will whack up the price to the maximum they're allowed come October.

 

[Tom]

So it is obvious then that every single supplier will whack up the price to the maximum they're allowed come October.

Yes, more than likely.

 

[John Steed]

I don't have a solution but the second you put a 'cap' on a price that becomes the price not the cap, not saying it would be any cheaper without a cap but not sure how after all this they wean the companies off caps and onto competitive prices?

Now, won't the incentive be for all companies to just forever stick to the cap?

 

[Best]

Just got an e-mail from British Gas saying my bank account will be credited £66/£67 each month until March 2023.

Currently, my monthly bill is £74, so I guess that's pretty good for me - at least temporarily.

 

[Legion]

Millions of households face an unprecedented 80% increase in their energy costs in October, taking a typical bill to £3,549 a year.

Regulator Ofgem's new energy price cap means a home in England, Wales and Scotland using a typical amount of energy will pay nearly £300 a month

Cornwall Insight predicting the cap value may be £5,386 per annum as of January, madness.

 

[Soffie]

Well, just scared myself shitless.

I hunted out my Dec-Jan bill from last year out to get the usage.

Gas back then from my bill: 2215.0 kWh @ 2.6762 p/kWh £59.2 this is without standing charge or VAT my bill with that added TOTAL CHARGES £69.08

So I used the new figures of 14.8p and applied that to my usage from last year, £327!!! for a month, we had the heating on a little more than normal, but we didn't hammer it and the only other gas use was hot water.

There's no way at all if we have the same usage as last year we can afford that, I did our family budget and cutting everything back I can think off we will still be £128 in the red for that month.

This is what the costs were last year for gas:

Oct - £18
Nov - £18
Dec - £40
Jan - £69
Feb - £26

These will go up 5 fold approx.

So my Oct bill would go from £18 to £90

That's not even including electric yet, at those prices I am tempted to turn the gas off, we just can't afford that and I don't want to end up in massive amounts of debt that I can never pay back.

If we have a cold winter people are going to be in a hell of a lot of trouble.

 

[Tom]

 https://twitter.com/i/web/status/1564202870706143235

Hearing so many stories like this, a lot of small businesses will be forced to close over the next few months.

 

[Lisa]

I will be coming out of a fixed rate right on the price cap increase but mine in that calculator will go from £855 (£71.33pm) to £2680 (£223pm) based on the usage calculator

E: 2000kWh
G: 9500kWh

Every bulb is already LED, the boiler is turned down for CH and hot water. Apart from a few things left on standby can't see any conceivable way of making much of a dent in the cost. And then in January, it is predicted to double again so in the space of 6 months I will be approximately £400pm worse off. We are comfortable but that pretty much wipes out our spending money for nights out, weekends away etc. which will be reflective across most of the country. Unless something is done to support households this country will be absolutely f**ked. Short-sighted politics has reduced the gas we extract being stored, nuclear is still not an option and even renewable electricity costs the same as if it were derived from fossil fuel sources, scrapping of grants and incentives for domestic renewable energy sourcing. And then the standing charge is also a massive con (nearly £300 a year even if you don't use any fuel)

We can kid ourselves that this is short-term, but in reality, it will take an age for the consumer prices to drop to a level anywhere near what they were 12 months ago.