Gas & Electricity

RobMCFC said:
Whilst people might not care where the money is coming from, the solution has to be one that works in the real world.

Is it not relevant to ask/discuss on here how we think that might happen?

A recent report in the FT says that the IMF are recommending that governments pass on the full cost to users, with only limited intervention to help those in dire need. Of course that may be many millions in the UK the way this is going.
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Of course, but ultimately the people in dire need won’t care about why they’ve got to pay £4K for heating, it’ll be how they pay £4K for heating.

The government need to be proactive in all areas, having been reactive for as long as I can remember.

Build nuclear plants, research tidal power etc. and totally negate the need for gas.

Thats for the future. This winter is looming large.
 
Why is the wholesale price going up so much. We rely less and less on Russia so surely we are now buying more volume from other countries and the cost should be going down
 
Eds said:
Why is the wholesale price going up so much. We rely less and less on Russia so surely we are now buying more volume from other countries and the cost should be going down
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Supply and demand. Germany did use to buy most of their gas from Russia, but now buy it off the international wholesale market, driving prices up.
 
MikeF said:
Is it not the standing charge that is gonna screw people?? You can cut down as much as you like but whilst this remains high, you’re fucked
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i could be wrong, and probably am, but if leccy and gas standing charges are about 55p and 27p respectively, isn't that about £300 a year? about 10% of the projected bills? although i expect that is going to go up quite a lot
 
Alan Harper's Tash said:
Supply and demand. Germany did use to buy most of their gas from Russia, but now buy it off the international wholesale market, driving prices up.
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Well someone needs to sort out the cost as it's getting mad. It's like having a mortgage on your house. My bills in 18 months have gone from around £120pm to around £300 currently and no doubt that will go up hugely again shortly and again in January.
 
Thank fuck I fixed in February for two years.

No sign of a pay rise any time soon, everything else up by 10/20/30%. If I hadn't done would be pretty screwed, like many people will be.

Probably still sell the car soon, get a bit of breathing space.
 
Eds said:
Well someone needs to sort out the cost as it's getting mad. It's like having a mortgage on your house. My bills in 18 months have gone from around £120pm to around £300 currently and no doubt that will go up hugely again shortly and again in January.
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I’m stocking up with thermals, hot water bottles etc.

Then hoping the madness subsides next year somehow.
 
M18CTID said:
In that case, the government should intervene and order that any agreed repayment plans/deferred payments don't affect credit scores while prices remain high. They did this during the first Covid lockdown with mortgages. People were allowed to defer mortgage payments for up to 6 months without it affecting their credit score. If they did it then, they can surely do it now.
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agreed, the energy companys have been quite quick off the mark here,i was on 3 month bill and out of the blue Eon stopped these and made it one month so in effect if i default they can cut me off in say around 6 weeks now with the smart meter, on the 3 month payment system i could have racked up hundreds if not thousands then pleaded poverty, sadly its all a mess frightening to see where we may be at next April
 
Zero carbon has fucked us up the harris here, hey! whatever we do here, yeah get the chimney going ;-)
 
FantasyIreland said:
Thieving cunts are making billions on the back of peoples misery.....WTF is going on in this world?

Intervention is essential.....the shithouse Govt finally has to do something meaningful and prevent these greedy companies from exploiting ordinary folk,otherwise lives will be destroyed.
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The rise in domestic energy bills is the product of the energy price cap, and the energy price cap methodology is determined entirely by government intervention, via OFGEM. The energy companies themselves have very little influence over price formation.

The price cap was initially advocated by the Labour Party, with the idea then stolen by Theresa May, who unfortunately was incapable of any independent thought.

I think it’s possible that domestic energy bills would actually be lower if government intervention was reduced. We don’t need more government intervention per se, but more effective government intervention.

In particular shutting down the coal burning power stations in the pursuit of this zero carbon mirage left us wide open to a spike in gas prices, and we’re paying the price now.
 
Eds said:
Why is the wholesale price going up so much. We rely less and less on Russia so surely we are now buying more volume from other countries and the cost should be going down
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think Asia are taking majority of the supply and Europe don't have the capacity
 
Our next major purchase for the house looks like it will be an eco-friendly dual fuel wood burner. These are supposed to save a bit on gas bills. Does anybody have any experience of this? Of course, with installation costs, etc, the initial outlay will be high but our current gas fire is shit anyway and needs replacing as it doesn't seem to give off nearly enough heat when it's on.
 
M18CTID said:
Our next major purchase for the house looks like it will be an eco-friendly dual fuel wood burner. These are supposed to save a bit on gas bills. Does anybody have any experience of this? Of course, with installation costs, etc, the initial outlay will be high but our current gas fire is shit anyway and needs replacing as it doesn't seem to give off nearly enough heat when it's on.
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All depends on if you can source free wood or very cheap. People burn all sorts of shit in then which I don't recommend.

Can become quite expensive if buying from supermarkets etc, but compared to gas I don't know which works out best.
 
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