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

It’s unhealthy wrapping yourself in an electromagnetic field. Not recommended during early pregnancy either.

Citation needed.

What bollocks.

@Blossomtoes What bollocks
Best not heat those up as it messes with sperm quality.

People will be burning their varnished, painted and MDF furniture. I'd be more worried about the health implications of breathing the smoke coming off that tbh

@PupInAPram

Is yours one of the rectangle ones with shelves or one of the round ones?

I had a counter top mini oven when I lived in a tiny apartment in the alps, it was so cute & plenty big enough for me!

so many choices now! Do I want a 2 drawer Nina/other type air fryer, I single air fryer, a mini over... stay as I am?? 🙇🏻‍♀️🙇🏻‍♀️🙇🏻‍♀️

www.nature.com/articles/s41598-017-16623-8

www.nhs.uk/conditions/baby/caring-for-a-newborn/reduce-the-risk-of-sudden-infant-death-syndrome/

2.72 times the risk of miscarriage. And babies should not be placed under electric blankets according to the NHS. Personally I wouldn’t risk it.

@DiddlyDoris

congratulations on the baby! Something wonderful to look forward to & a great time for lots of snuggles!!n I'm sorry it's such a worrying time to be bringing a new baby into, but it's was worrying time 50 years ago when my parents had me, then my siblings & it all worked out fine!!

I'm out of date with it all now, but would putting a small amount into a pension out you in a position to get a little UC or whatever, not so much for the UC, but the things that enables you to access?

@TooMuchToDoTooLittleInclination

Wow just Wow!

You do realise that calling a response glib and telling a poster that they are smug means that you lose 2:0?

Gosh how wealthy must you be, if you have no appreciation or understanding why someone might find the rise in electricity and gas quite scary, especially with other essentials such as food also increasing (even if they will - hopefully - just be able to manage and not die).

***

Big thanks for a number of posters for the information on the moneysavingexpert site. It was really helpful.

Are the government cutting the VAT and green taxes on these bills?

Too bad they:

1. Rely on discredited IARC pronouncements on non-ionising magnetic fields.
2. Have a cohort in one particular area of one city. That's what we call in epidemiology a somewhat limited sample size, even if it is a reasonable sized cohort.
3. Doesn't address correlation equalling causation.
4. Doesn't proffer a mechanism.
5. Doesn't control for what exposure duration and to what source the pregnant women came across.

The NHS article mentions nothing about any of this, and since SIDS hasn't any real concrete cause nailed down, isn't really relevant.

@alwayshavebeenfemale

hi, you're doing just fine for a 'newbie' 🤗

if you use the @ key in a post a list of posters on the thread will appear & you can start typing the name & it'll narrow down the choices. You can have your setting on/off for receiving notifications if someone @'s you.

the fixed rate to the SVR definitely explains the jump in cost. It's UTTERLY crap that so many were shafted by companies going under.

IF you get offered another fixed deal, look at the standing charge & the price per kWh, because in the end that's all that matters, the DD can be negotiated, you only pay for what you use, so the cheapest rate is always going to be the best deal.

Fireplaces in all those rooms, I can but dream. I gave THE most beautiful stone cottage in my mind, I hope it's every bit as lovely as I picture!!

It IS another sadness & worry when you least need it, it's another aspect of feeling the loneliness, not having someone to share the worry with or to make plans to do things to keep warm etc. it's so bloody unfair!!

I'm 53, not widowed, but living alone (which I know isn't the same thing!!), but I do share some aspects of it!

take care & look after yourself 🥰

@TooMuchToDoTooLittleInclination well thank you! I wondered how to do it!
Yes being single is a whole new challenge after 32 years together and you'll understand the weight of being solely responsible for decisions.
I've looked online and got a couple of numbers to call to check on delivery of firewood so that's really good. And yeah the cottage is lovely although huge! The kids talk about the family home 🤣 which makes me laugh as it sounds so much grander than it is!
I hope everyone gets through this crisis safely and as comfortably as possible.

@Cognacsoft

that's nice of you 😊have they decided whether they will or not?

I wonder how much it will save them given so many costs are fixed whether you're living there or not (standing charges/council tax etc) plus keeping the heating on 'frost' prevention level, fridge/freezer running as they don't do well unplugged.

(if they do move in & leave them running, fill them with polystyrene or bread as they're cheaper to run that way)

then there's the loss of autonomy & independence & big changes for you (your partner & kids if you have any)

I hope they stay warm & well this winter whatever you all decide to do!

Theres a lot I dont understand about this

Firstly, we are on a variable rate with Eon and currently at 29p for electric and around 7 for gas I think

BUT is Eon going to put that up to the cap level, they dont have to surely?

Secondly I am intrigued about all the different yearly useages people have posted. They vary so much and of course they will because everyone has a different type of lifestyle but Im amazed at some of them

Ours are apparently quite high, with gas at about 4766 and electric at 5088. We dont have a tumble dryer, dont have air con, dont have a gas fire. have an electric oven, have a combi boiler, dont have an electric shower. a couple of loads of washing per week, perhaps more. Energy saving light bulbs. We dont have the heating on upstairs over winter, only the bathroom rad. We are 2 adults in a 3 bed. A shower a day for me and a couple for my partner per week, a couple of baths a week for him.

I simply cant understand some of the figures people have for their usage.

We also have a wood burner so use that for heating downstairs quite a lot although I notice the price of wood has gone through the roof

By the way, just coming back to candles, they heat the room nicely.

@bellac11 E.ON will have to raise to the cap, because they'll be making a loss otherwise. The cap isn't even reflecting what the prices are for the contracts people are now looking at for future periods on the wholesale market, which have been going up in line with how this year has risen.

No supplier selling at the cap rate is going to be raking it in. If anything, they'll all be making huge losses when the businesses that subsidise residential start folding.

My friend's sister is a very chatty one and about four years ago or more she got chatting to a city hedge fund broker type on the tube : she asked him how bad is it all going to get and he said ' very '
He obviously had a crystal ball!
..

Sorry,not rtwt, but just been doing my estimates for winter months in last year's figures,and alongside the whole misconception of this being a "cap" and not paying more than this,the other thing is it's not just that figure divided by 12,it's the coldest time of the year so weighted to more usage. Our use is basically the average, but November looks nearly £500 on these figures!

He was early, I'm impressed
i knew we'd have massive inflation as soon as they announced lockdown. Then with the green new deal or whatever it's called they were bound to do this.

but in 2018, I would not have predicted any of this.

i agree there will be lots more fires as people try to keep warm.

I dont know why people are focusing on winter usage, dont people pay an average over the year? We pay 175 per month but we are not using that right now in the summer, its an average payment to take account of the whole years usage

Absolute tosh.

Less than 4% of UK pensions are in any form of energy production.

We are effectively at war with Russia, their actions could bring about the collapse of society, at least economic collapse, so we need to do war like measures to counter, not piss about in the wind, getting our own back.

That means temporary nationalisation of oil/gas production in the NS and of renewable generation, that way we control the price of approx 65% of UK energy production and during the summer, sell gas at the global price and to our european allies, at a discount.

Pension funds will fold if Putin succeeds in his aims, as there will be a worldwide depression, 30s style and with a depression comes no investment in exploration as there will be no demand.

Because I’m on a variable tariff so I send in my meter readings and if I’ve used more energy than expected, they put my DD up for the full year to cover the difference.

I’m currently in credit but the price increase will blast through that. If I can keep my energy usage down this winter, then my annual average usage will be down and there is less chance that they’ll put my DD up even higher.

Im on a variable tariff too. The amount paid is yearly usage divided by 12 and costed out like that

I give meter readings which are sometimes higher, sometimes lower but it averages out over the year.

I understand how it works but what I’m saying is, I have been contacted twice in the last couple of years to say that my DD amount isn’t covering my usage so they have increased it.

Obviously my bills will be going up with the price increase but I don’t want to give them any reason to increase them even further.

I've only ever been on fixed rates, and from what I read I didn't think they'd be willing to let potentially more than a thousand pounds debt built up until it balances out this time next year.

I still can't quite believe the government aren't going to massively intercede as without help, including the squeezed middle not on benefits, the economy is going to tank,and millions will suffer .