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Price Cap - Just announced

994 replies

swifttwist · 26/08/2022 07:03

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

OP posts:
Thread gallery
13
latetothefisting · 26/08/2022 10:15

FarmerRefuted · 26/08/2022 09:51

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.

Keep records of all the times you've contacted the supplier telling them this. Then if they do whack you with various charges you can make a complaint to the energy ombudsman saying that you raised this with them multiple times. They might not remove the charges (although could tell the supplier to reduce it if you lay it on thick about how it will effect you etc) but hopefully they will do something, e.g. ensure you've got as long to pay back an excess amounts as the issue took to fix etc.

Hydrangeatea · 26/08/2022 10:16

Thank you - very helpful

Zilla1 · 26/08/2022 10:17

@Alexandra2001 France's nuclear generation is based in france so buying the 16?% of EdF the French government doesn't own is progressing. The UK can nationalise distribution, retail and domestic generation (old nuclear and the gas-fire electricity generation that relies on imported gas). Wonder if the offshore upstream that make almost all? the profits for Shell, BP and Centrica might not be so easy to expropriate? I expect it might take an hour for those subsidiaries to be sold to new owners?

Interested in this thread?

Then you might like threads about this subject:

Hydrangeatea · 26/08/2022 10:17

Eastangular2000 · 26/08/2022 10:03

The calculator on your phone will work.

And the need for that was? Do you feel better?

Twat

Eastangular2000 · 26/08/2022 10:19

This reply has been deleted

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TooMuchToDoTooLittleInclination · 26/08/2022 10:20

Anewuser · 26/08/2022 08:30

No idea how we’ll manage.

I’m on minimum wage and my husband gets £69 a week carers allowance. Between us we care for our disabled adult child. We’re heavy energy users due to medical equipment just trying to keep our ‘child’ alive.

We don’t have disposable income, how will we cope?

@Anewuser

I'm sorry, that's sad and scary!!

I presume you're not on a fixed rate? Can you look at fixing? It might not be any better than the October rates, but would help come January.

make sure you're getting every Penny of the £1600 available to the most in need (over several different grants) and make sure you've checked you're getting all the benefits you're entitled to!!

see if any charities are offering any help.

other than that follow all the energy saving threads & see if there's anything that might help. It's still 'worth it' even though it's a smaller percentage of your bill than meeting your adult child's needs.

Im realky sorry you have this added stress when your life is already stressful!! 💐

SmileyClare · 26/08/2022 10:21

EastVillage77 · 26/08/2022 09:56

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.

Unfortunately "fuck them for their money" doesn't work.

If you were 80 and didn't pay your electric bill do you really think electricity companies will allow you to rack up debt for another 5 or 10 years? No, they would put you on a meter and expect you to find a way of topping it up or sit in a freezing dark house.

Social services may step in if they are alerted and put you in a state funded home but you wouldn't be sitting in your warm home getting free electric because you told the company to fuck of

StormTreader · 26/08/2022 10:21

SueSaid · 26/08/2022 09:16

'This is a social emergency. I can’t believe the Tories are leaving us with no effective government while they piss around having this vanity leadership election.'

I know, the leadership contest is ridiculous when we had a perfectly competent PM who would have sorted this.

Anyway, we've had payments and both Truss and Sunak have said there'll be more theyve had to wait see who will be PM though, obviously.

We HAVE a PM, Boris is still PM. He's just decided he can't be bothered to even attempt to do anything about it and has done nothing.

Anewuser · 26/08/2022 10:21

Thank you @LakieLady for the advice, very kind.

Unfortunately, we’ve been in the system for over 20 years so have already cut back everywhere. Council band already lower as the house is adapted for the wheelchair and downstairs bedroom. Council tax Single occupancy due to severally mentally impaired. But that means we couldn’t even move, as we’d have to adapt a new house and pay back the council DFG.

We’ve not had a holiday in 8 years and haven’t had an evening out even longer.

As a PP said, social care will go up. The only choice we will have is to put our child into a nursing home. That will be over my dead body!

ShesNotTheMessiah · 26/08/2022 10:22

Sorry, given that you have your annual usage and the figures per kWh are posted upthread I assumed you would be able to multiply the two together. Apologies for overestimating your abilities.

You then need the (standing charge x 365) / 12, then you need to apply 5% VAT to the total. if your supplier gives you a discount for duel fuel and/or direct debit, you then need to remove those.

Damnloginpopup · 26/08/2022 10:22

Damnloginpopup · 26/08/2022 10:11

Oh absolutely. I was paying £40 DD a month and was in credit. Fix ran out, went up to £60 and then a couple of months later the shit hit the fan and my supplier went bust and British gas took over. So looking at a fourfold increase overall. Until January when it goes up again...

Yes. Just checked. £470 for the year on those useage figures. Prices I had until June 2021 with eon

fromdownwest · 26/08/2022 10:22

This spineless government wasted billions on treating a virus with a 99.972% survival rate.

Yet they stand buy and watch people choose between heating and eating. Two things that will VERY MUCH kill people.

Anewuser · 26/08/2022 10:23

@TooMuchToDoTooLittleInclination , thank you, crosspost.

I’ll keep checking every where I can and trawling the internet.

HesterShaw1 · 26/08/2022 10:24

Is anyone else on LPG bottled gas. I have no idea what I'll be paying other than "it'll go up".

My supplier's prices haven't moved yet.

carefullycourageous · 26/08/2022 10:29

Liebig · 26/08/2022 10:13

How does nationalising get around the costs?

The French have a decrepit nuclear fleet that the taxpayer is now going to have to pay for. Their one year forward contract prices are near €900 MWh and rising. They have their cap expiring at the end of the year, after which they’ll be spending around 8% of their GDP on energy alone. That simply cannot be done. Germany is the same.

A gov’t cannot just take on the debts and underwrite the costs without consequence. That will debauch the currency, and the sterling and euro are already near or at parity with the dollar and dropping fast.

There is no profit pay out to shareholders - any 'profit' is reinvested to benefit business 'owners' who are also the taxpayers and the service users.

JOFFCV · 26/08/2022 10:31

Eastangular2000 · 26/08/2022 10:10

Of course. you can set your DD at whatever level you want , 10, 100 or 1000 a month for example. However if you start running up a big deficit the energy company will either ask you to increase your DD or pay off your balance.

Thank you.

Hydrangeatea · 26/08/2022 10:31

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BogOffTraceyBeaker · 26/08/2022 10:31

Email from British Gas - we’ll tell you what you new payments will be at the end of September! Thanks for the stress BG appreciate it

fromdownwest · 26/08/2022 10:32

carefullycourageous · 26/08/2022 10:29

There is no profit pay out to shareholders - any 'profit' is reinvested to benefit business 'owners' who are also the taxpayers and the service users.

Great in theory, however, when someone else is paying, the systems become inefficient and the system is then propped up by tax payers. (NHS, Postal Service etc)

Not saying that is any worse than the gauging we currently have, either way it is a sh*t sandwich.

OhMerde · 26/08/2022 10:32

Eastangular2000 · 26/08/2022 10:10

Of course. you can set your DD at whatever level you want , 10, 100 or 1000 a month for example. However if you start running up a big deficit the energy company will either ask you to increase your DD or pay off your balance.

Not necessarily true. My minimum payment is £65 a month.

carefullycourageous · 26/08/2022 10:32

fromdownwest · 26/08/2022 10:22

This spineless government wasted billions on treating a virus with a 99.972% survival rate.

Yet they stand buy and watch people choose between heating and eating. Two things that will VERY MUCH kill people.

There was waste, but COVID clearly killed a lot of people and would have killed far more.

If you didn't care about COVID killing older people, presumably you don't care if energy costs do either. Same with caring about the economy overall.

Try to be consistent Grin

carefullycourageous · 26/08/2022 10:34

fromdownwest · 26/08/2022 10:32

Great in theory, however, when someone else is paying, the systems become inefficient and the system is then propped up by tax payers. (NHS, Postal Service etc)

Not saying that is any worse than the gauging we currently have, either way it is a sh*t sandwich.

Ah yes, the old 'inefficiency' bullshit argument.

Compare UK rail with nationalised European rail for a useful example of privatised profiteering vs nationalised value.

FingersofFish · 26/08/2022 10:35

I'm worried as our DD is already 164pcm so an 80% increase would be hard but manageable. I'm more worried for our local school as it will most likely lead to staff cuts to balance the budget and none of our staff are surplus. Horrific times ahead.

Motorcycleemptyness · 26/08/2022 10:36

EastVillage77 · 26/08/2022 09:57

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.

@EastVillage77 I agree. I fucking despair every time I read that shit on here.

lovescats3 · 26/08/2022 10:37

Time to start bombarding MP s with emails saying they have to do something about this and think about organising protest marches.the NHS is broken too emails needed on that as well