Gas & Electricity

Elbow beards said:
Octopus have offered me £5359 fixed. Mmmm stick or twist?
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Tough one isnt it. I cant believe they're helping us with that shit, it feels like if prices come down we're all then stuck on massive tied in contracts. How long was the contract offer?

I am expecting our hoping the govn will apply a levy to the energy companies and that we wont be paying £6k per year, because that is just unsustainable and would cause riots eventually.

We're sticking to our variable deal, we're creatively cutting our use, not buying or cooking oven food, just heating the rooms we use, wearing more layers, maybe getting a wood burner, using the microwave a lot more. We'll see how it goes and take the govn handouts and maybe they will apply a debt cap in the spring next year.... Imagine millions of people in £1000s debt to energy companies whilst energy companies rake in the profits.. There's bound to be some action there.
 
Gorton_Tubster said:
Tough one isnt it. I cant believe they're helping us with that shit, it feels like if prices come down we're all then stuck on massive tied in contracts. How long was the contract offer?

I am expecting our hoping the govn will apply a levy to the energy companies and that we wont be paying £6k per year, because that is just unsustainable and would cause riots eventually.

We're sticking to our variable deal, we're creatively cutting our use, not buying or cooking oven food, just heating the rooms we use, wearing more layers, maybe getting a wood burner, using the microwave a lot more. We'll see how it goes and take the govn handouts and maybe they will apply a debt cap in the spring next year.... Imagine millions of people in £1000s debt to energy companies whilst energy companies rake in the profits.. There's bound to be some action there.
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Think it was fixed for a year, I'm not doing it, if I can get through till December, than I'll be finished paying off a loan which will free up £250 for me, that will help in the new year.
 
Has anyone considered splitting their gas / electric tariffs and seeing if that gets you a better deal? This is what I'm currently getting, we have a 3 bed detached and are both working from home 50% of the time.

Electricity - EON Next
Unit Rate 26.686p/kWh
Standing Charge 40.230p/day
Monthly usage is approx 125kWh = £45pm, (DD is £59pm)

Gas - So Energy (Flex)
Unit Rate 7.32/kWh
Standing Charge 27.21 p/day
Monthly Usage (summer) is approx 160kWh = £20pm (summer DD is £22pm, doubles in winter)

My bills at the moment are working out at around £70pm, obviously the gas will jump a lot over the winter.

Bare in mind for electricity we have solar panels which with the current weather are basically powering the house at the moment. We only use gas for cooking.
 
NJ Blue said:
I am with octopus and did the same last night. I was paying £1200 a year 12 months ago and my estimate was just over £7k. I actually laughed when I saw it. It’s like when you get a quote for car or home insurance from Compare The Market and you look at the highest prices first by accident before you realise what you have done. It then dawned on me that I wasn’t comparing the market, this is the best price….. It’s totally unrealistic and even those that can afford to pay it will be pissed off. The economy is going to fall off a cliff as peoples disposable incomes shrink to nothing. All sectors are going to suffer with leisure and social activities likely the first to be hit. It’s shocking seeing what’s coming down the line, and with the Tory twats fighting amongst themselves, this country is fucked for the forseeable.
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That seems a ridiculous price to me..from what you were paying before I wouldn't expect estimate of more than 4 grand
 
bobmcfc said:
View attachment 52444
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Thanks. Just worked out what mine would cost using those rates against my latest annual usage. It comes out at £5132.35 a year and that's with just 2 adults in the house and my electric usage over that 12 months was less than it normally is so where they're getting average annual usage figures from to come up with these typical annual price cap estimates for families with children I've no idea. Granted those unit charges you posted are slightly higher than what they're estimated to be but even so, there's not a chance that your average family of 2 adults and 2 kids is "only" going to be paying £3500+ per annum from October, £4400+ per annum from January, and £5000+ per annum from April. In many cases it's going to be a lot more than that.
 
M18CTID said:
Thanks. Just worked out what mine would cost using those rates against my latest annual usage. It comes out at £5132.35 a year and that's with just 2 adults in the house and my electric usage over that 12 months was less than it normally is so where they're getting average annual usage figures from to come up with these typical annual price cap estimates for families with children I've no idea. Granted those unit charges you posted are slightly higher than what they're estimated to be but even so, there's not a chance that your average family of 2 adults and 2 kids is "only" going to be paying £3500+ per annum from October, £4400+ per annum from January, and £5000+ per annum from April. In many cases it's going to be a lot more than that.
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We've stopped using loads of things, reduced usage so much but it's not making any difference.
 
Even if you can readily afford £5k for energy why would you want to and why should you. The pressure should from the government for the charlatan companies to sort it out.
I am nearly 60 can afford it but I don't want to spend money on energy I could be using to go on holiday or put into my pension or ISA. It just annoys the hell out of me that is being allowed to happen.
 
Here's my estimate for fixing, currently paying £187pm and will be over £400 in credit when they take this months dd on Monday. It's fucking scary but the fact that millions of us are in the same boat makes it seem less worrying.

£6,317.78
Based on the latest industry estimate of your energy use. Regular readings make this more accurate.

Tariff cost breakdown​

⚡ Electricity
Daily standing charge
Question mark icon
47.31p /day
Unit rate
Question mark icon
74.64p /kWh
Early exit fee£0
Gas
Daily standing charge
Question mark icon
27.22p /day
Unit rate
Question mark icon
19.79p /kWh
Early exit fee£0
 
I am lucky, I got a fixed rate before all this kicked off. I am in a electricity only flat. Looking at my app with daily meter readings and changing my usage behaviour over the year, then forecasting my energy to the end of the year, I think I will be down 19% in actual usage for the year (even forecasting using more Oct-Dec than I used last year) and with the government £400 back hander on my bill, my total energy cost for 2022 will be 52% lower that last year. I cannot use any less than I do and when this rate runs out I will get a very big shock.

Elec 2022.jpg
 
some of these fixing costs examples are truly shocking, its not for me or anyone to advise but i'd have to be out of my mind to sign up to any of these, my opinion for what its worth is 5k fixed is simply not affordable so why try protecting yourself from it becoming 6,7 or 8k, all i can do is play it month by month and when the month arrives 'which will' they wont be getting paid, its as simple as that i'm afraid and this will be the same for probably 70% of households
 
marco said:
some of these fixing costs examples are truly shocking, its not for me or anyone to advise but i'd have to be out of my mind to sign up to any of these, my opinion for what its worth is 5k fixed is simply not affordable so why try protecting yourself from it becoming 6,7 or 8k, all i can do is play it month by month and when the month arrives 'which will' they wont be getting paid, its as simple as that i'm afraid and this will be the same for probably 70% of households
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My thoughts exactly
 
At the very best, it's a bit like telling EVERY household that their income is going down by £3k+ per year. The trouble is,even if people can absorb it, their discretiaonary spending then falls by at least that amount therby sucking that money from the rest of the economy, much of which the government gets 20% VAT on. As it stands it gets 5% on gas and electric and little on food, but if that's all people can afford to buy,then tax receipts will fall massively. We're fooked if it stays as it is.
 
marco said:
some of these fixing costs examples are truly shocking, its not for me or anyone to advise but i'd have to be out of my mind to sign up to any of these, my opinion for what its worth is 5k fixed is simply not affordable so why try protecting yourself from it becoming 6,7 or 8k, all i can do is play it month by month and when the month arrives 'which will' they wont be getting paid, its as simple as that i'm afraid and this will be the same for probably 70% of households
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I'm already paying £300 a month and I'm £190 in credit
Used to pay £160 now they want over £700. Its a national scandal
 
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