Price Cap - Just announced

[swifttwist]

From £1971 to £3549. 80% rise. I have no words.

New figures:

Electricity
£0.52 per kWh
Daily standing charge: £0.46

Gas:
£0.15 per kWh
Daily standing charge: £0.28

Which is what corbyn wanted to do.
@Cheeriyo and does it make this idea automatically wrong for some reason?

True and Labours plan is unsustainable, as will be the Tories plan whatever that is.

@Hugasauras as I tried to explain in another post to @MrsLargeEmbodied I think she's confusing 'tariff' with 'DD'

Please go online and use one of the benefit checkers* to see if you might be entitled to some Universal Credit to top up your income. Because you're a carer, the threshold at which your entitlement would stop will be a little higher than for someone who isn't a carer. Even getting a few quid off your council tax would be a help.

And your child will be entitled to UC too, in their own right, if they're not already claiming.

*I think this one is the most user-friendly entitled to benefit calculator

Whilst I think this is a good idea, and will be needed, Jesus Christ on a bike we shouldn't even be considering that in this day and age. Its like we've gone back in time.

It absolutely would NOT be the same if Labour were in - we would already have something in place to deal with it. With these Tory twats we have twelve more days until one of the thickest candidates ever (Truss) replaces on of the laziest PMs ever (Johnson).

If the only defence Tory supporters have got is it would be 'as bad' under Labour - firstly you are talking bullshit and secondly thank you for admitting your party is doing a dreadful job.

All opposition parties have been calling for parliament to be recalled - but of course party boy Johnson has other priorities.

The standing charge used to be a big component of most people's bills.

Once they go up to thousands a year, they'll be a fraction of it (i.e. £250 of a £3500 bill approx).

I worry like previous posters about the huge knock on effects which are going to affect every single part of our lives.

If people are cutting back then there's no money going to small businesses, the hospitality industry, the High street. If companies go under then people will lose their jobs.

I also worry about the impact on long term health which could also be enormous.

As an aside the nspcc list as part of safeguarding concerns "living in unsuitable housing such as no heating".

The effects are going to be far far reaching.

I'm a carer for my two disabled DC, we have medical equipment that has to stay on all night, heating is needed pretty much all day in winter, a light on all night, and so on. We're going to have to cut back on everything to be able to afford the gas and electricity.

To make it even better, my meter is broken and the power company won't fix it as their engineers apparently aren't doing home visits right now. This has been the case for two years so I'll probably get whacked with a mass of charges when they do eventually fix it.

don't know if there is a big list of the main countries affected by not buying Russian gas - but I assume mostly Europe.

We're currently cooperating with supply and interconnects all over - we're bringing in ships with LPG to ports, and sending that gas to Europe to help build winter stockpiles, or using it to generate excess electric andn sending that to Europe.

So why can't european governments get together and force the gas giants to freeze prices? Free market doesn't work - theres a bloody war and international sanctions. Force them to freeze supply prices (they'd still make as much as they were making last year, a nice profit) or tell them you'll freeze their assets and remove tax incentives for exploration etc which is worth billions.

If you pass the price on - even 'pay over 20 years' - so a mortgage for your gas bill!? That is just excusing the gas providers and giving them guaranteed huge profits for a generation to come.

@Alexandra2001 this private companies sell natural resources which don’t belong to them.

Electric 52p kWh/ 52p standing charge. Gas 15p kWh / 28p standing charge.

So my s/c has risen 14p per day (66-80p) which, although a high rise is around £50 a year (240-290). That's the one I was most worried about as you can't cut back on that. Gas has doubled (7.4-15) and electric is not far off (29-52).

I calculated my figures for aug 21 - July 22 inclusive based on actual usage at the current price. £1120. That's £94 a month. If I don't cut back and use the same amount of energy it will be £1940, £162 a month. Minus the £400 from the govt of course, that will help to bring it down a bit, by 20%.

Thing is, I'm not a high user. I can cut back a little but the key saving i can make is on heating. It's clear how much that costs from my gas figures - July I used 91 kWh. January I used 980 kWh. That's £14 - £150!

All figures rounded off but at least I know where I can save a little to bring it down a little.

What I don’t understand is that the standing charges are now so high. Even if you cut right back on usage the standing charge will clobber you. If it were the wholesale cost then I can get why the cost per kilowatt goes up, but I can’t get my head round the standing charge

😂

Beautifully succinct, and thank you for making me laugh, @carefullycourageous .

I shall be thinking of them as Cuntservatives from now on.

Electricity companies won't "cut off" electricity to homes but they will be left without power.

It works like this; unpaid bills mean the household is given the choice of having a pre payment meter being installed or being disconnected.

If people can't afford to put money on their meter, the electricity goes off.

It happened to me numerous times as a young mum with 2 small children. Until I went to the shop and put more money on my meter key, there was no electricity.

This is a structural, economic, government level issue - none of these other plans work it all ends up with debt on government (= higher taxes) or debt on us - and failing businesses that can't afford to pay.

As such it needs a structural, fundamental approach - TELL the generators you won't pay more. If you can do that across multiple countries what are they going to do?

All this money being spent on energy is also money NOT being spent on services, businesses, in the actual economy. It's going somewhere...

Which means that businesses will face even more issues with lower demand, increased costs - especially energy costs.

Which leads to business collapse, more unemployment, reduced tax revenue for the Government and increased cost for unemployment benefits

There are so many social and economic issues that stem from the high price of energy.

I think Cuntservatives could catch on (although maybe not one for official opposition party political broadcasts, even though it is true)

THIS IS SO HELPFUL thank you.

So our electricity is going up from 28.221p per kWh to £0.52 per kWh
Standing charge increased from 30p per day to 46p a day

Gas increasing from 7.159p per kWh to £0.15 per kWh
Standing charge increased from 25p a day to 28p a day

Currently our gas is £23pm and electricity is £95 a month

Thats the frustrating thing - no idea how we can reduce electricity any more than we can so we cant bring that bill down. Gas we can control by just not putting the heating on and buying some cheap thermals from sainsburys

If I was elderly and it came down to dying from the cold or dying later in debt but in a warm house, i choose debt every time. Fuck them for their money.

I couldn't agree more. My bills already come to £5k a year, if I just accepted the new "cap" I'd be thinking I'm going to save money. Lots of us with disabled people in the house use lots of gas/electric and the reality is truly awful. We are lucky in that we are in a fix till next April so no changes for us in October and January but April doesn't bear thinking about.

don't let them gaslight you with incremental changes. Check your winter bills from last year - you were probably paying 3-4p/kwh. Its quadrupled from the last winter. Its only doubled since 3 months ago and will go up again in January (still middle of winter)

recommend everyone to go get their bills from last year and use the kwh (or m3 and convert) used to estimate what your personal estimates might be for this year (and bear in mind from January they'll be higher and April higher still). The £3500 headline figure is misleading at best and dangerous at worst

@bowlingalleyblues but it is on the variable rate, which is what that answer was to.

How anyone can read about people commiting suicide because of the worry and astronomical bills and still vote Cuntservative because of the apparent threat of gender neutral toilets can also fuck right off into the abyss.

The local coffee shops will close because they too will be facing an increase.