Gas & Electricity

Just had meter readings back.
Since 31st March until today, we have used £260 in gas/electric.
This works out at £7 a day for 2 adults +2 kids in a semi.
Is this really high or is this just what it's costing now?
 
117 M34 said:
Just had meter readings back.
Since 31st March until today, we have used £260 in gas/electric.
This works out at £7 a day for 2 adults +2 kids in a semi.
Is this really high or is this just what it's costing now?
Click to expand...
Seems an absolute rip off. My apartment in Zurich has 5 beds, all electric no gas, charged me £280 for last quarter and we charge our electric car on that as well. Something wrong going on in the UK.
 
Your electricity largely comes from hydro so you aren’t having to buy gas to generate it.
 
Gaz in Zurich said:
Seems an absolute rip off. My apartment in Zurich has 5 beds, all electric no gas, charged me £280 for last quarter and we charge our electric car on that as well. Something wrong going on in the UK.
Click to expand...
What? I’m not having that. We are world leaders don’t you know? The only nation that has ever voted to apply trade sanctions to itself. We have an elite Government that are working tirelessly to deliver wealth to the nation their cronies. We are even exporting refugees to Rwanda. Electricity and Gas ha What need do we have of such fripperies?
 
I’m with EDF pay £230 a month on variable rate at the moment, they are offering a fixed £250 for two years deal, which doesn’t seem that much more looking at the prices bearing in mind prices are supposed to go up another 40% in October.
 
OK i was on pay quarterly with gas and electricity with eon and they have switched the two accounts over to pay monthly which is better for money management for us,the first gas bill came yesterday and comes in at less than a pound per day (£27) although its the cheapest time of the year with not having the C/H on,the electicity bill has not come through yet but if its around the same il be happy
 
Blue Maverick said:
I’m with EDF pay £230 a month on variable rate at the moment, they are offering a fixed £250 for two years deal, which doesn’t seem that much more looking at the prices bearing in mind prices are supposed to go up another 40% in October.
Click to expand...
Not a bad deal. I pay £200 to EDF but their offer for me was £280.

There’s a sneaking suspicion here that they know something we don’t - why are they offering a deal at 250 or 280 when they can probably charge 300-350 in October?

Whilst we all accept we’ll be paying big money for the next 12 months, I suppose it boils down to do we think there will be an easing of prices in the 12 months after that?
 
RobMCFC said:
Not a bad deal. I pay £200 to EDF but their offer for me was £280.

There’s a sneaking suspicion here that they know something we don’t - why are they offering a deal at 250 or 280 when they can probably charge 300-350 in October?

Whilst we all accept we’ll be paying big money for the next 12 months, I suppose it boils down to do we think there will be an easing of prices in the 12 months after that?
Click to expand...
Nothing ever gets cheaper in this world. They will never bring prices down after this
 
Alan Harper's Tash said:
Something will have to be done as it’ll send inflation through the roof.

A lot of people are going to struggle this winter.
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There is loads that can be done. For one, Ofgen could put a stop to them putting up prices more than they need to, which they are clearly are, but they won't. Secondly, the govt can tell these energy giants that sadly there won't be a huge shareholder windfall because they are taxing it and giving it back to the customers, but they won't do that either because they privatised it all.
The government don't care about people struggling in the winter either. They don't care about people full stop, they are about to put a 100k people in the civil service out of work to save on pension commitments. The same govt workers who worked through the pandemic while folk were furloughed
 
Uncle Wally One Ball said:
There is loads that can be done. For one, Ofgen could put a stop to them putting up prices more than they need to, which they are clearly are, but they won't. Secondly, the govt can tell these energy giants that sadly there won't be a huge shareholder windfall because they are taxing it and giving it back to the customers, but they won't do that either because they privatised it all.
The government don't care about people struggling in the winter either. They don't care about people full stop, they are about to put a 100k people in the civil service out of work to save on pension commitments. The same govt workers who worked through the pandemic while folk were furloughed
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All that is shit. (Not untruthful, bad, I meant!)

People won’t be able to pay their bills this winter. Some won’t turn the heating on as they will be frightened about not being able to afford it. Some of those people will die.

Energy companies CEOs are already making concerned noises about people defaulting. They then don’t get their money and prices have to rise again.
 
Latest bill through. £119 for the month. Not even going to question it, seems low as fuck though.
 
RobMCFC said:
Not a bad deal. I pay £200 to EDF but their offer for me was £280.

There’s a sneaking suspicion here that they know something we don’t - why are they offering a deal at 250 or 280 when they can probably charge 300-350 in October?

Whilst we all accept we’ll be paying big money for the next 12 months, I suppose it boils down to do we think there will be an easing of prices in the 12 months after that?
Click to expand...
www.ft.com

LNG glut raises prospect of lower UK energy bills

High import volumes and limited capacity to pipe gas on to Europe create surplus and drive down prices
www.ft.com www.ft.com
 
RobMCFC said:
Not a bad deal. I pay £200 to EDF but their offer for me was £280.

There’s a sneaking suspicion here that they know something we don’t - why are they offering a deal at 250 or 280 when they can probably charge 300-350 in October?

Whilst we all accept we’ll be paying big money for the next 12 months, I suppose it boils down to do we think there will be an easing of prices in the 12 months after that?
Click to expand...
I spoke to British Gas and they said prices are only ever going one way and thats never ever down.
 
Quite.
The SVR is based on prices from months ago.
But as the Times says, there is a glut of gas in the U.K. currently with wholesale prices at pre crisis levels.

www.thetimes.co.uk

Glut of gas in UK drives wholesale price down to pre-crisis levels

Wholesale gas prices for next-day delivery in Britain have tumbled to pre-energy crisis lows that are a fifth of the price in Europe because of an unprecedented
www.thetimes.co.uk www.thetimes.co.uk
 
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