How much has your energy bill increased!?

[Magik01]

Had an email off British Gas yesterday saying that my gas bill will be increasing by £534 a year and my electricity by £370, so a total of £904 per year. That’s all estimates of course based on our usage now, but how are people going to afford this?!

Currently on maternity leave so in the house a lot with a baby and a toddler, so obviously electricity is being used a lot. We also only have the heating on for an hour in the morning and an hour at night.

How much has yours increased? I find it actually very worrying how your expects to find another £900 out of thin air essentially.

Ours is going up by 1K a year.
Only DH and I so we have turned heating and hot water off.
Both cycle to work and can use the showers there.
They can get to fuck if they think they are getting more money out of me.

Ours is increasing by another £900 a year. Plus our landlord has increased our rent by £50 a month. My train fare for work has gone up. It’s a lot. Im worried. DH has actually bought battery powered lamps to reduce our lighting usage.

I still haven't heard anything from my energy company! So I've got no idea.

I did post this as a separate thread but got no responses, I wondered what anyone else thought of this:

As with everyone else, our price for gas/electricity has gone up. We were paying £140, this will go up to £255 in April. The company we’re with has given us the option to fix for 1 or 2 years on the current rates so if they go up again in October we won’t be affected. Should we do this? Are they likely to go up again? Should we fix for 1 or 2 years (2 is £6 a month more)? The conditions are pay by DD (which we do) and get a smart meter (which we don’t have but don’t see a reason not to).

Any advice would be super helpful!

What would I do? I'd do it now before they pull it. But only you know your circumstances and risk taking levels.

And I'd fix for 2 years.

We had our notification today and our gas and electricity is increasing by about £1000 a year.

Im thinking about how we can actively reduce our usage.

Mine has gone up 1200 a year

Ours has gone up from around £2000 pa to £4500 pa. We will have to seriously cut our usage.

£1000 a year , I'm picking up an extra shift a month to cover it , this is estimated it may turn out il have to pick up 2 extra shifts . Martin Lewis is now advising it's time to fix a deal

Fixed in October last year when last fix expired and we went from £130/month to £180/month. Just had a message to say we are £400 in credit and they are reducing to £165/month!

We have been trying to reduce usage, the timer switches on later/off earlier and also using less during the day while I WFH. I now sit at my office desk like a big green caterpillar 🐛 with my bottom half in a sleeping bag and fingerless gloves 🧤on.

We were paying £150/month been told by British gas that our gas bill will increase by 1300 . It's going to frugal living for the next 2 years at least unless you're an MP, the pay rise will cover any price hikes 😤

£780.00 per year..
I’m on benefits due to being severely disabled. I do not know where. I will find 65 quid a month. It’s definitely heat or eat time.

@Sexnotgender

Over £120 a month increase so around £1500 a year give or take.

However I did my meter readings the other day and I’m over £600 in debt so will probably be more than that.

Same

I have a smart meter.

Live in a small 2 bed house. I manage to keep the bills under £100 a month by basically only living in one room and never putting the heating on. I have a double duvet with a fleece cover that we all sit under in the evening. It's total shit. And while we're living like this, MPs have just given themselves another 2,200 a year!!

My goodness. Just seen our price projections.

Electric up £475
Gas up £2,950

I'm actually in shock. We are just about managing at the moment as I've had a business hampered by covid, then maternity and a year off work, now back working again but things are slow.

I don't know how we'll afford this.

@D0lphine

People are going to die from the cold next winter if the government doesn't do anything.

I wonder if these new price hikes kick in this will lead to civil unrest. And with the second increase coming in October '22. People who are barely getting by now will be plunged further into poverty. Petrol prices increasing, demand for food banks soaring, donations to food banks declining. It's bleak.

£100 per month. We can afford it but I’d really rather be spending the money on doing something nice with my family. It will impact on us given the timing with a simultaneous increase in national insurance.

Plus I’m a community HCP so increasing fuel prices are also affecting me. It’s all a bit grim really.

Gobrookeyourself - We are with Scottish Power. We are on a fixed rate of £126 per month for dual fuel but that finishes end of April. In February I looked at their new fixed rates and the cheapest was £235 a month. I thought this was a lot so didn't fix. I had another look last week and their cheapest fixed rate now is £375 a month! Makes the £235 a month deal sound like a bargain! We are going to go onto the variable standard rate now. Although prices will rise again in October I am hoping that it will only be the 25% rise that is predicted.

@SueGray

£100 per month. We can afford it but I’d really rather be spending the money on doing something nice with my family. It will impact on us given the timing with a simultaneous increase in national insurance.

And there’s the problem. People who are barely managing now and are relying on food banks will not be able to cope. They’ll end up going to loan sharks to pay their everyday living costs. Other people, like myself, who can afford it means there’s less disposable income every month and we’ll stop using services that other people rely on for income and small businesses will go under. The economy will be fucked.

Martin Lewis on TV yesterday said there were 3 things driving the price increases, Brexit, Covid and the war in Ukraine. The Tories are responsible for one of these and they could help people out by inflicting a wind fall tax on energy suppliers but they won’t do it. I really hope people aren’t stupid enough to vote for the piece of shit that is our PM at the next general election.

From £180 a month to £420

Gobrookeyourself - How much more is the new fixed rate tariff than the variable standard rate? I looked on the Martin Lewis website and he said that some companies were charging 40% above the price cap for fixed rates. I think this is what Scottish Power are doing which is why their latest quote for us of £375 a month is so high.

Ours is going from £100 to £160 a month, so an extra £720 a year. For two of us. That's grim - I've not thought about the total annual figure before now!

Direct debit has gone from £125 to £255 a month so £1560 a year.

We can afford the extra but it's starting to feel a bit tight (and we earn very well, a few years ago we'd have really really struggled).

Other bills are rising too though- food, petrol, childcare, council tax as examples so I expect our monthly outgoings to increase by about £400 a month over the next few months.