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

yes i heard that @CaveMum
will have to listen again

This is a really interesting thread about nuclear power and it’s effects on the environment: twitter.com/madihilly/status/1557399822600216577?s=21&t=0ptGM5aLtjUR4pOxfWCqxA

And another on the reality of nuclear waste: twitter.com/madihilly/status/1550148385931513856?s=21&t=0ptGM5aLtjUR4pOxfWCqxA

Disclaimer, they’re written by an advocate for nuclear energy in the US and I’m not a nuclear scientist so cannot state whether she’s right or not! Interesting reading though.

''Covered up by a secretive Soviet Union at the time, the true number of deaths and illnesses caused by the nuclear accident are only now becoming clear.''
www.bbc.com/future/article/20190725-will-we-ever-know-chernobyls-true-death-toll

Octopus said I could fix for a price of £440 per month. I couldn’t afford that anyway. So no thanks.

But with a smart meter that tells me my costs even if I spent £10 a day on energy, surely that would be £300 per month?

i keep logging into my eon and reducing my direct debit offer
so have got that down which is better than the original suggestion they put forward.

What unit rate / standing charge cost did you fix at in the end, and what's your annual usage? I remember your thread, but it was all about the DD, not the unit prices (unless you gave those after I stopped looking at the thread). If you can work out your annual cost you can see if their DD request is reasonable or not.

thank you @NoWordForFluffy
we no longer have dc living with us, so just two of us
but i will look again

Whoa. Just reading some farming press. There's a potato farmer with cold storage whose electric bills have gone from 100k p/a to well north of £300k p/a.

flipping heck.

flowery I can quite imagine. I was thinking of dairy cattle today, milk has gone up because feed and fuel has gone up (and as far as I understand most barely break even) but with electricity cost, lights on the cow shed, milking equipment, then processing and storing the jump is going to be astronomical,

Oh yes. Even medium businesses are having new whopping electricity bills.

worse than households as no cap and something to do with vat

Energy company profits, announced by Starmer in parliament today: £170 billion! Just wow.

Indeed. And still Truss prefers to borrow than to tax them. Absolutely bonkers.

£170bn profit by the energy companies.
And Truss wants to make us pay a long loan to ourselves over - what, 10 years? in Taxpayer funded Govt borrowing. Morally this is repugnant. Financially too,
I'd much rather have had Rishi. At least he had a better grasp of Economics.

But isn’t part of the issue with energy company profits that it’s their extraction and selling arm that is making the profit, not the customer supply arm? Plus a lot of the parent companies are registered outside of the UK so might not be liable?

Not being goady, genuinely asking the question as that it what I’d been led to believe.

Yes, it isn't, say, Octopus that's the problem or making a profit (far from it), it's the fuckers they have to buy from - the likes of Shell.

Not sure about the British Gas / Centrica parent arrangements tbh right now.

It might be a different arm, but so what? You and your husband might have different bank accounts but you are still in the same partnership. It's just a con to insert a dotted line between the two to say that one can't finance the other. Obviously it protects their profits, so they would say that. And companies are quick enough to share some of their most senior but nice staff across both, where it makes sense to do so.

*niche (as opposed to nice) 🤣

I’m sure they’re all lovely 😜