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

Just to note the day rate is higher on e7 though. Mine is about 33p instead of the current cap of 28.

I haven’t said anything is simple. It’s far from simple. We are at war with Russia and until that is resolved this will continue.

Stop the press. Our genius LimboLass has solved the energy crisis.

Thanks for the "average" info

Our useage last year was Gas 10500 and Electric 1854

So below average for both and we're going to make drastic cuts in use starting now.

We pay by DD for what we actually used the previous month by submitting meter readings on the last day of every month. Saving as much as possible to cover big bills Nov - Apr.

It'll be uncomfortable but doable.

I think those who are elderly or disabled need the Government to make winter fuel payments a heck of a lot larger.

That 100 billion could be used to nationalise UK production, ensuring lower prices for years to come.
Excess production in the summer would then be sold for large profit on the global market.

The war in Ukraine may last for many more years & regardless, Putin will use gas to blackmail us long after Ukraine is a distant memory.

Be careful. Electricity companies will cut you off if the debt remains unpaid and put you on a pay as you go meter. Each time you top it up, an amount is deducted immediately to gradually pay off the debt.

You're right, they can't get blood out of a stone but you won't get any electricity out of them unless you're putting money in your meter. You will be without any power.

I feel your pain, we're on a prepayment meter and have one downstairs storage heater on in the winter to cut costs. I'm so concerned but refusing to pay is likely to impact people really badly. Please be aware x

They don't need to the energy companies can get a warrant to enter your home and put you on a pre-payment meter. Pre-payment meters are more expensive and can be set to claw back debt.

They can also go to court and get a CCJ which can be enforced by attachment of earnings, by using bailiffs to take goods to the value of the debt or by getting a charge on your property.

Don't Pay UK is irresponsible

www.facebook.com/278617805594800/posts/pfbid02HwEpWeKP3mcf2PunCeKccAHN31mMPbZnsGmpKSz6bLV8W9QtjRjpTSNWRoUwuoCgl/

Just seen this on fb, lol. Exactly what I was saying!!!

We don’t know their personal circumstances.

Lots of people with disabilities and other difficulties will be high users. We are. It’s not always possible to cut down. Yes if people can, they should.

But this constant “cut down” mantra isn’t helpful. It’s beyond that now. It’s really naive to keep trotting that line out when people are genuinely frightened to use a kettle or their oven.

Necessity is the mother of invention. We have very sudden needs and invention takes a while I’m afraid.

Ours has gone up from £70pcm to £270 pcm. That's almost 300% rise. The vast majority of people can't begin to cope with a rise like that. We're lucky we paidf off our mortgage a couple of years ago but if we hadn't, I'd be sick with worry.

@LimboLass I thought the fact we'll be cutting back usage was just too obvious to need spelling out to be honest

From October I am going to be in “Fuel poverty” - a person is living in fuel poverty if, to heat their home to a satisfactory standard, they need to spend more than 10 per cent of their household income on fuel. (Obviously satisfactory standard is subjective).

Fortunately it will only be until April when we receive a £6k real term increase in our income and we have savings we will have to live on until then. But gosh it is scary!

I don't get any of this I'm really bad with numbers.

When I go onto SSE app it says we use around £35 a month on electric.

Currently £344.58 in credit with electric which I'm sure will soon be 'used' somewhere.

Gas is not on the smart meter as apparently they couldn't get the part (too old) 🙄.

Currently £303.42 in credit with that.

We pay £75 each a month for them separately on a standard tariff.

Electricity tariff as it says on smart meter is 29.07 standard rate and daily standing charge of 49.100.

Does anyone know or can work out how much we'd be paying monthly roughly from October?

Day rate much higher on eco7.
Fire brigades will be bracing themselves for a huge increase in call outs.
There’ll be people reopening old chimneys, not paying for chimney sweeping, drying clothes near open fires rather than tumbling, using appliances over night for cheaper rates, burning anything to keep warm, it’s going to be disastrous from a safety perspective.

My crystal ball tells me that Putin won’t be around in a couple of years. The issue will be which whack-a-mole dictator will take his place.

And we have the equivalent of 4 adults living here, using power

Same here. I completely get that those on lower incomes need help. But just because we earn more (not much more though) doesn't mean we don't need some help too. Not sure how were going to afford to pay over £600 a month for our gas and electricity.

Any help should be targeted, people like those on MN that wash towels daily and tumble dry them for softness even in the summer should not be getting discounts that others will end up paying for

I kind of agree, but can't see how that sort of usage could be monitored without some sort of big brother type surveillance. One of my SIL's put up a washing line earlier this year for the first time in years, and she was surprised by how much her electricity usage went down. Prior to that, she just tumble dried everything, regardless of the weather!

@Igotjelly

i agree he doesn't deserve abuse, but I do know several people who are going to be in the shit because they took his advice not to fix!

I stopped reading his page because I disagreed with him. I fixed and am bloody glad I did, when I did. One close friend is going to be massively in the shit. I tried to get him to fix, but no, Martin Lewis said not to. My friend has a business that took a thumping during covid & he gets Tax credits & HB, but he/they are just not going to be able to find the money for these new bills.

I decided I'd rather take the small risk of over paying (by fixing at that rate) than the huge risk of paying massively more. I don't understand why ML wasn't more cautious with his advice.

What a really unkind and thoughtless comment. Perhaps think about families with elderly or disabled family members who must have a heated house.

Or perhaps those who have the need for electricity to keep life supporting equipment running or charged. Or someone who relies on an electric or battery wheelchair.

Think before you post.

It's shocking. I work from home so thankfully saving on fuel for 2 cars, but we are beginning to make cuts at home. I only charge the laptop for work when it is essential. I've purchased hot water bottles, extra blankets for the bedrooms.

So am I - I feel physically sick.

And very, very angry when you read of the absolutely obscene profits the energy companies make.

Nope? Just going to increase again next year😣Based on gas prices up to yesterday's market close, experts at independent energy consultancy Auxilione now think the cap will rise by another 52 per cent to £5,405 in January 2023, then by a further 34 per cent to £7,263 in April - before falling slightly, by 11 per cent to £6,485 in July and by another 7 per cent to £6,006 in October.

Thats just sickening isn’t it 😖