Gas & Electricity

[Alan Harper's Tash]

 

[bobmcfc]

Looking like a price freeze and crucially one that is closer to the current cap (the £400 rebate should bring it down close to that) and not the higher cap that is due to come in on October 1st. Plus help for businesses too. Not confirmed yet and it could run into next week when it's announced but I think we can say with some confidence that whatever the final details are then significant help is coming so Armageddon should be averted......well for now at least!

Liz Truss expected to freeze energy bills in tax-funded scheme

Addition of £400 discount would effectively keep price cap at current rate of £1,971

www.theguardian.com

Hopefully that means food costs will also come down ?

 

[olly-1-mcfc]

Surely now people with very large homes - who say paid £500 per week anyway - will now just smash the back out of their energy as it’s capped at around that figure ?
But pensioners who were maybe paying £50 per week will still now have to pay £150/£200 per week

 

[Alan Harper's Tash]

Surely now people with very large homes - who say paid £500 per week anyway - will now just smash the back out of their energy as it’s capped at around that figure ?
But pensioners who were maybe paying £50 per week will still now have to pay £150/£200 per week

Whilst what you say is true, how do you enforce a system that isn’t based on cost per unit used?

Means-testing it would cost a fortune to implement.

 

[olly-1-mcfc]

Whilst what you say is true, how do you enforce a system that isn’t based on cost per unit used?

Means-testing it would cost a fortune to implement.

Maybe go off household income ?

 

[Alan Harper's Tash]

Maybe go off household income ?

How do they collate that information?

 

[jazzy]

Surely now people with very large homes - who say paid £500 per week anyway - will now just smash the back out of their energy as it’s capped at around that figure ?
But pensioners who were maybe paying £50 per week will still now have to pay £150/£200 per week

The price cap limits the rates a supplier can charge for their default tariffs . These include the standing charge and price for each kWh of electricity and gas (the units your bill is calculated from). It doesn't cap your total bill, which will change depending on how much energy you use.

 

[Elbow beards]

The price cap limits the rates a supplier can charge for their default tariffs . These include the standing charge and price for each kWh of electricity and gas (the units your bill is calculated from). It doesn't cap your total bill, which will change depending on how much energy you use.

That's what I thought, otherwise people would just live in tropical conditions after they hit the cap.

 

[ganganvince]

The price cap limits the rates a supplier can charge for their default tariffs . These include the standing charge and price for each kWh of electricity and gas (the units your bill is calculated from). It doesn't cap your total bill, which will change depending on how much energy you use.

Yes but it is a maximum not a mandatory rate the energy companies can charge less if they choose

 

[blue b4 the moon]

Getting better isn't it. 158 in walkden and 159 in kearsley

155.7 at Chaddy Costco Saturday morning as I was filling up.