Soaring energy prices now £6k a year

[JulyDreams]

Sorry if there is another thread on this? Daily Mail have just released an article to say the annual prices are now 'set' to apparently go up to £6k from spring 2023. How is everyone coping?

The government does not have their head in the sand about this crisis they are the friends of big business. Some providers upping the direct debits now to pay windfall tax so in essence no bill to pay. When ur no longer an mp welcome to the board room n a big payday for fuck all work old boy. Corrupt fuckers.

We still have coal and the price of that has gone from £13 a bag prepandemic and now (summer) is £24.50. It'll go up again in September.
true it seems you twice (humping it then burning it) but I've started scouting for pallets I won't be able to afford £30 a bag.

Some people will survive, some won't.

In fact, a lot won't.

It's only the survivors that can look back and bleat how they made it through, meanwhile the dead are still dead.

It feels like a test, how much will we take before we crack and actually demand more of our government. They must be laughing at us.

I think that's why they hardly covered the looting last week in london, they know too many are on the edge and we know what they're playing at.

Govt will hugely step in. They will have to because people literally will riot and the harm to huge numbers of people will be considered intolerable if govt don't step in. Never mind schools or hospitals struggling to pay their utility bills.

(almost) no one will freeze or starve to death, etc. i can't say NO ONE will be harmed, but it won't be a calamity because govt will be forced to do something (probably huge borrowings) to help keep bills down for the most vulnerable AND small businesses. The new model is that govts can borrow forever to 8xGDP it never matters how much govts borrow.

I guess.

@AchillesLastStand if your DH's income is just over the child benefit threshold, he may be able to put the extra 5k into his pension and "drop" his income below the threshold that way.

I'm not 100% sure on the ins and outs of it, but maybe something to look into.

Reducing the personal allowance is not a "handout" @Grumpybutfunny

And yes, investment in green solutions is paramount but your log burner is very bad for the environment. Not that I wouldn't be using one myself this winter if I had one...

Cost of living: Help is coming, says Kwasi Kwarteng www.bbc.co.uk/news/uk-politics-62619761

hmmm but what help?!

@JustTheOneSwan I didn't even hear about that

I'm really concerned. We are a one income family, DH earns just slightly more than the cut off for any benefits.
We have always had to be careful to be able to allow me to be a sahm, we have a budget that we stick to each month but we can't make it stretch much further. I am pregnant with No. 2 so me going back to work isn't an option.

We already pay 185 a month for gas and electric. We will just have to be cold this winter... Not ideal for a newborn though.

@MargotMoon you mean increasing the personal allowance before you pay tax, any increase in that or decrease in tax is a handout that has to be funded from somewhere. It's a question of where, I would rather be cold and skint than cut say education funding to pay more towards the cost of living.

Maybe sustainable would be a better word than green for what I hope they do. I want to see investment in alternative source of fuel than the current market that has us over a knifes edge, if we had say nuclear power then we would only be facing a increase in gas prices vs the current massive increases in electric that make up most of people bills.

The log burner isn't going to be cheap to run but it means the main room will be toasty which is how the Victorian etc managed perfectly fine

Oxford street so I imagine they don't want anything to catch on.
wouldn't do for those rich places to suffer.

Buy fuel now if you can store it Grumpy it'll go up with a bump after summer and availability drops.

I'm not sure where they get these figures from and how realistic they are. Also the media keeps getting everyone into a frenzy.

Let's consider this will become the reality. Which will mean food prices will creep up even more. Along with prices of all other goods and services.

Let's consider the reality will be half of this prediction. But mass media will keep going with this story. Hypothetically, but using a very believable tone. Plenty of prices will go up in preparation, with no real basis. Because they can. I'm already not convinced that what we are currently being charged for in various shops is a true reflection of manufacturing/distribution costs.

I think there will be a degree of taking advantage of the situation accross most shops.

I do wish mass media became a bit more responsible- they were absolutely awful with Covid. This idiotic manipulation and setting up of expectations and creating all this mass hysteria.

I have no idea how we'd manage on a 6K/year energy bill. Impossible to plan for everything. We'll have to take it as it comes and deal with it if need be. Such an increase would mean prices of everything else will go through the roof. There will have to be an adjustment period until we all get used to newer pricing and then salaries will start catching up. It will not be the end of the world but a transition period. 2-5 years, who knows?!

Cold and skint > dead. Which many people will be because they are unable to keep their energy supply running. There are people out there with serious health conditions who can't feed the meter and keep self-disconnecting.

They can go up as much as they like if I can't pay I can't pay.

And then they’ll cut you off. So no power at all.

It’s a misconception that they won’t do this. They will.

It just keeps going up so in 2-3 months time will it be 8k?

@Afterfire not if you have children, I will only be paying what I can afford.

Thank you, I’ll ask him about that.

It is really worrying, I keep thinking how we can afford to keep warm without spending out on more, clothes, blankets, etc to keep warm with. I’m in my early 40s and over the past few years I have really noticed my body feeling the cold more, once my feet are cold I really struggle to warm up. Even with extra layers on I still feel the cold. Goodness knows how the older generations will stay warm,

how on earth are schools & hospitals going to cope?

I think that's why they hardly covered the looting last week in london, they know too many are on the edge and we know what they're playing at.

it was the odd the DM weren't all over this.

It's going to have knock on effects to businesses too. Anyone who rents/leases in a communal block - the cost for the shared spaces simply won't be able to be passed on to occupants as it will push them to move out. Especially in blocks that are ran by social housing providers.