Gas & Electricity

[Citizen of Legoland]

Drop in the ocean - £2bn / 67M ~ £29 each.

Only 28million households in Britain though. So about £70.

 

[RobMCFC]

28m. £60ish would be better than nowt though mate.

It’s be more than double that figure if using households, but I take your point.

Only 28million households in Britain though. So about £70.

Yes,I was going off population so £70 per household. Better than nothing? Of course. Worth moaning about? No - it'll barely touch the sides for some.

That's the point I was making in a post on Friday. The government's plan for a windfall tax sounds great but even if you dished out all the money between the UK's household, it would certainly help, but it would not address the main issues.

 

[BlueHammer85]

just checked my Bulb account....

i'm £600 in credit , quite suprised by that

guess it will get eaten quick when we use the Gas come winter

 

[remember arthur mann]

This £400 everyone is getting, It's not really a discount since our taxes are paying for it anyway. This is basically the government (with our money) just supporting energy companies billions of profits.

Par for the course, all these private companies ripping the arse out of the tax payer.

 

[feedmpenzaandhewillscore]

just checked my Bulb account....

i'm £600 in credit , quite suprised by that

guess it will get eaten quick when we use the Gas come winter

One month of power for free potentially when we get to January.

 

[BlueHammer85]

One month of power for free potentially when we get to January.

Well - if my Gas/Electric goes up to £600 from £190 then I’m pretty screwed- £400 max I could alright

 

[JULES]

its getting bad over here now, my gas per month is now almost $5 and the water is $7.50 and electricity is a whopping $18 per month but that includes council tax.

 

[Alan Harper's Tash]

its getting bad over here now, my gas per month is now almost $5 and the water is $7.50 and electricity is a whopping $18 per month but that includes council tax.

Seems cheap, but you might only get paid $30 a year.

 

[melrose40yarder]

Whilst appreciating that fuel prices are getting out of hand.This the government must pay or help everyone is ridiculous.My lot are threatening to go on strike unless we get a cost of living pay rise.All i see is people wanting something for nothing.We have a duty to look after children,The inferm and pensioners.You have to prioritise what you do with your wages.
I work with people who have overstretched themselves so much
with houses that are too big,Cars that are not required in a city ie Porsches,Lamborghinis.1 person i work with is the typical reality tv follower.Her and her Hubby and 2 yr old all wear designer clothes.They have a 6 bedroom house they have no need for just to keep up with thier mates.4 holidays a year all to exclusive destinations all 1st class living completley beyond thier means.Came in today by bus when asked where the car was.She said everything we have is going as we cannot pay and are declaring ourselves bankrupt.They have not paid the mortgage for 9 months and owe a hundred grand on cards.
Back in the day you would be embarrased not any more.Thats the problem we are expected to help people like this.We have to get back to people saving for bad times and lose the living on plastic.Im all for heloing deserving cases but not pricks who live above thier means and the world owes me a living types.

 

[mackenzie]

just checked my Bulb account....

i'm £600 in credit , quite suprised by that

guess it will get eaten quick when we use the Gas come winter

I'm 110 in credit now, it was only about 25 last month. I pay by DD and it's always considerably below that with my useage but even so I can't understand that figure of 110. However, it was a 6 month statement this time rather than the usual monthly one. Can anyone explain?

 

[west didsblue]

I'm 110 in credit now, it was only about 25 last month. I pay by DD and it's always considerably below that with my useage but even so I can't understand that figure of 110. However, it was a 6 month statement this time rather than the usual monthly one. Can anyone explain?

It’s calculated on your annual consumption and you should be using hardly any at this time of year because the heating’s off. You should then go into autumn and winter in credit but that will quickly get used up unless you sit in the cold.

 

[Alan Harper's Tash]

It’s calculated on your annual consumption and you should be using hardly any at this time of year because the heating’s off. You should then go into autumn and winter in credit but that will quickly get used up unless you sit in the cold.

Wonder if Joe Wicks will be back on the telly with a keep warm exercise class.

 

[Hayley Croppers chopper]

Wonder if Joe Wicks will be back on the telly with a keep warm exercise class.

Like people can afford to switch the telly on.

 

[Blue Maverick]

Interest rate rise incoming! My fixed deal ended in July I was paying around £130 interest on my fixed deal, my mortgage was £510 and we overpaid by £290. I’ve now gone on the standard variable rate as I’m
paying off in October, my first payment was £617 still over paying at £800, the interest was £352! Fuck me that a huge increase, now if they rise by 0.5% today that will be around £700, a rise of nearly £200 in 8 weeks, how much will be interest about £450 I really hope people have fixed, I think we are going see a housing market crash and lots of repossession, because even if you start a fix now on a big mortgage you are going to be in the shit.

 

[Millwallawayveteran1988]

Interest rate rise incoming! My fixed deal ended in July I was paying around £130 interest on my fixed deal, my mortgage was £510 and we overpaid by £290. I’ve now gone on the standard variable rate as I’m
paying off in October, my first payment was £617 still over paying at £800, the interest was £352! Fuck me that a huge increase, now if they rise by 0.5% today that will be around £700, a rise of nearly £200 in 8 weeks, how much will be interest about £450 I really hope people have fixed, I think we are going see a housing market crash and lots of repossession, because even if you start a fix now on a big mortgage you are going to be in the shit.

A deal ending in the next 6 months is the worst possible time. I’m gambling with mine and going variable rate for 6m to see if they then come down a bit as predicted. My rate will go from 2.19% to 5.54%! An increase of over £350 a month.

 

[Citizen of Legoland]

Interest rate rise incoming! My fixed deal ended in July I was paying around £130 interest on my fixed deal, my mortgage was £510 and we overpaid by £290. I’ve now gone on the standard variable rate as I’m
paying off in October, my first payment was £617 still over paying at £800, the interest was £352! Fuck me that a huge increase, now if they rise by 0.5% today that will be around £700, a rise of nearly £200 in 8 weeks, how much will be interest about £450 I really hope people have fixed, I think we are going see a housing market crash and lots of repossession, because even if you start a fix now on a big mortgage you are going to be in the shit.

Congratulations to everyone who overpriced their houses in the last 22 years. Why did people stop looking at what would happen to their mortgages if interest rates rose.

Interest rates always rise eventually.

Of course the BTL market will mean higher rent now as lots of properties on interest only mortgages. What a mess.

 

[Blue Maverick]

A deal ending in the next 6 months is the worst possible time. I’m gambling with mine and going variable rate for 6m to see if they then come down a bit as predicted. My rate will go from 2.19% to 5.54%! An increase of over £350 a month.

It’s mad isn’t it, I’m so glad I will be free of it all in October, the security and relief will be immense, I do feel sorry for younger people now, despite the headlines a lot are just trying to enjoy their lives and get on but many will be renters for life because even if the await their parents death whatever they inherit will be taxed and probably not buy much.

 

[Blue Maverick]

Congratulations to everyone who overpriced their houses in the last 22 years. Why did people stop looking at what would happen to their mortgages if interest rates rose.

Interest rates always rise eventually.

Of course the BTL market will mean higher rent now as lots of properties on interest only mortgages. What a mess.

They can put their rents up but people may well stop
saying them it’s a shit show and I don’t think weve seen anything yet. I remember the early 80s riots and it’s coming again expect this time there will be videos for everyone to see so there will be no hiding it.

 

[denislawsbackheel]

A deal ending in the next 6 months is the worst possible time. I’m gambling with mine and going variable rate for 6m to see if they then come down a bit as predicted. My rate will go from 2.19% to 5.54%! An increase of over £350 a month.

I think you may regret that.
There are forecasts by some economic think tanks of 15% inflation and 7% mortgage rates next year.

 

[ell]

Congratulations to everyone who overpriced their houses in the last 22 years. Why did people stop looking at what would happen to their mortgages if interest rates rose.

Interest rates always rise eventually.

Of course the BTL market will mean higher rent now as lots of properties on interest only mortgages. What a mess.

They tell you when you take out a mortage (or did for me at least) what your payments will be if interest rates rise to X Y & Z, the information is there in front of people to use