Energy bill price cap predicted to go to £3850 - 3 x what it was a year ago

[cakeorwine]

There is an AIBU here - but really it's posting for traffic

Russia is having 'maintainance issues' so has reduced the gas flow to Europe to a low level.

Gas prices have soared again.

Price cap prediction - £3850 - about 3 x what it was a year ago.

This is going to affect all of us

www.theguardian.com/money/2022/jul/27/uk-energy-bills-forecast-to-hit-3850-pounds-russia-cuts-gas-supply-further-europe-pipeline

That's a sensible idea. Hunker up and share resources.

Because you are grossly over exaggerating or outright lying, to get people into a froth. Why? For your own weird pleasure or to ‘prove’ your spouting over Brexit hasn’t been in vain (even though people have already told you this is a GLOBAL issue).
If by some stretch you are telling the truth, then I suggest you either downsize or be a little more thrifty with your energy use.

Who are the people who are wealthy but don’t pay much tax?

Hopefully we will get nuked and at least the radiation will provide some energy

It’s scary. I’ve just upped my DD to £300 a month from £220 to try and get a head start on what’s coming. It will likely go up another £50 by October though.

Ahh so you don’t like me because of a political statement. I get it. That’s clearer. Wow I never knew how the B word was a swear word on here and would cause such nastiness.

I am telling the truth and I won’t be downsizing as we can afford it. Thanks though. Doesn’t mean I’m not concerned for those who really can’t afford it.

@Lipsandlashes we currently pay £177 per month for electricity and £129 for gas (LPG). We have been offered a new fixed rate of around £450 per month for electricity. If our gas goes up to the same amount we will be looking at around £10k in energy charges per year. We are also in a large five bed house. Only four of us but DH and I both work full time from home.

Suppose I better stop tumble drying? 🥹

Prove it 🙄

It’s shocking because it’s a rise in:

• energy prices


• food prices


• fuel (although have seen in come down a couple of pence last couple of days!)


• mortgage rates


• rent prices


• costs of insurance - for anything!


• and wages are stagnating at best and falling at worst.

And it doesn’t matter who is in power in any country - they don’t care. It’s a race to the bottom.

I’m training my dogs ready for the impeding collapse of civilisation - ie they can swim, carry a small back pack, hunt and are super obedient - not trained to attack the rich (yet)🤣

I pay €600 a month in Belgium for a 5 bed draughty house. It's already doubled. Cannot afford to pay more so not quite sure how that will work out! Belgian energy costs have always been huge compared to UK but they are now totally crazy

Nothing to do with your political stance - you have no bloody clue how I voted. I just don’t like people who sensationalise things to try and frighten other people. And all the time you are sitting pretty without having to worry how you are going to afford any increases

News sites are just saying we should hope for a mild winter.....

That's great 😂

Octopus is predicting we'll be paying £4000 over the next twelve months😧 We're a family of 4 in a 3 bed.
We used to pay approx £1200 a year before the prices started going up.

Ignoring the other poster then who has similar outgoings and forecasts

Thought so.

I currently pay £102 for both gas and electric. I'm on Octopus Agile so the price of electricity goes up and down depending on the time. I set my washing machine and dishwasher to run at the cheaper times. I also overpay so I'll have a buffer for winter. I'm a single parent running a 40's built 3 bedroom house. If it gets too bad in winter then extra jumpers, blankets and socks will come into play.

Can't we get the gas out of the North Sea again

Try to insulate the house however you can afford now.
Roof
Wall
Floors.
Deal with draughts through windows.
Invest in thick curtains.
Try charity shops, ebay facebook market place.

Get fleece blankets
Thermal underwear
Oodies

Hotwater bottles
Air frier for cheaper cooking.
A dehumdifier. This takes out moisture from the Air when drying clothes. Also if the air is dry in the room it will heat up quickly.

This is the advice from Octopus:

You need to know this 👇

Energy prices are at record highs, and most homes will be better off staying with their current energy supplier right now.

If your fixed term is coming to an end, don't choose a new tariff or switch supplier.

Instead, let your supplier automatically move you to their default tariff, so your prices are protected by the Government's Energy Price Cap.

It’s extremely alarming that the price cap is going up by 78% in a October. Really worrying.

Currently holidaying in France - €2 diesal per litre and food is ridiculously expensive in restaurants and super markets

Sounds like you are still on a fixed deal. Anyone out of a fixed deal, on a variable rate had huge increase if 54% in April. Another 78% is predicted in October plus another increase in January.

78%??? I thought it was 65% :-(

Agree @cakeorwine . I don't think a lot of people realise how serious this is and how much impact it will have. It's not just households but businesses who are not protected by the price cap. This is in combination with the cost of everything going up, people wanting higher wages (understandably) and the cost of borrowing rising.
It's not all caused by Putin either. That's obviously what the Tory Party want you to believe but it's not true. The cost of energy was already rising significantly. The sanctions were not going to work in our favour but none of the Western leaders thought about that in their arrogance.
As the OP said, the government need to take this more seriously instead of acting like the muppet show plus hangers on.