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

Well those sanctions worked didn't they? Still a war on and now we're all fucked. Can't understand why Boris was so desperate to stay PM. Probably to get his energy bill paid by the tax payer above anything else.

It's also going to affect the he housing market I expect...landlords. Those who rent out with best lls included. With all bills rising plus interest rates 🤔. So renters are going to struggle too. No wonder they are creating warm spaces for the winter so people can go hang out somewhere communal in the warm to get out of Thier freezing cold homes. All because we won't pay Russia in its own currency.

78% was announced late this afternoon.

I highly recommend energy support and advice on Facebook. Full of people who can talk you through your usage, standing charge etc and give you tips and advice.

Mine says

gas 17067

e 5656

so way higher 🙀🥲

My electric fix ends next year I'm in for a horrible rise

My gas is already up because thats on prepaid meter my energy company say if I switch my gas meter it will remove my electricity fix (it shouldn't but that's what they are saying they will do) so I'm staying prepaid until next year

@ mastergland....I don't blame them.

Why be connected if you are paying that daily robbery erm standing charge when you are not using anything. It's nuts.

I agree. It's terrifying. My kids primary school is on its knees at the moment, I don't know how they're going to manage with these extra costs. NHS costs will go through the roof too.

I'm desperately worried as a single parent. My bills will be £600+ a month over the winter. It's going to be miserable.

The biggest issue will be public services. Schools, hospitals, etc do not have this in their budget. Then business which will not be able to afford as many staff. 50% and then 80% rises impact everyone. The vulnerable and the sick will be hit hardest. I can’t believe they aren’t doing more. I’ve never known anything like it in my lifetime.

The UK isn't reliant on Russian gas this is a misconception. The UK however does suffer from UK global prices because they are high due to the conflict it costs more for the Norwegian and UK gas.

Raincloud....Carribbean is looking good. No need to heat your home just go outside in the sun and sit on your cool veranda at night.

Is there any information available as to how the increases will be split?

If gas is the problem will it be an increase mostly on that or will it be just be standing charges whacked up and electricity increased just as much? I’ve googled but I can’t find it.

Financial crisis - austerity - brexit - pandemic - Ukraine = perfect shitstorm.

What happens if we can't pay the prices ?
Like genuinely, I don't have any more money to pay and no way of making savings or more money

Don't forget to check the petition board, everyone. I can't post the link here but there's a petition to remove VAT on household fuel.

www.mumsnet.com/talk/petitions_noticeboard

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

Non doms, like our former chancellor's (Rishi Sunak) wife?

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

the wealthy don't tend to get paid via paye

Hi, that's my idea too. We can't magically create that amount of money.

It's not that easy a lot of the infrastructure was mothballed or has gone already and requires starting again. Latest news is Greenpeace seems to be lodging legal challenges to any new developments

I fixed my gas in April. Well not quite fixed - it’s Octopus Tracker, so the rate varies every day, up to a cap which Octopus set (not the Ofgem price cap). I consider myself very lucky to have moved to it when I did, because the very next day, Octopus increased the cap from 6p to 11p, and last week increased it again to 16p. So we will only be paying 50% more for gas next winter compared to last, when I was still on the variable tariff, just under 4p.

For electricity, I’m on an EV tariff which I fixed last November, in fact I was put on an earlier version of because of a mistake at Octopus’s end which delayed the switch. I’ve just asked about moving to the new rates now rather than waiting till November, because although that will double our electric bill, it also guarantees it for the next 12 months.

Gas up 50%, electricity up 100%, and I consider myself fortunate.

I also have a reserve plan. We are in a recently built house, well insulated, with 2 separate zones of underfloor heating (kitchen and rest of downstairs) and radiators upstairs. My reserve plan is to turn all the radiators off except for the one in our bedroom, and time that to come on just for an hour at bedtime and in the morning, and put the 13 tog duvet on (not needed it for years). Turn the thermostat in the kitchen right down, and basically live in the lounge, which has large south facing windows and retains a lot of heat.

Not that I should need to do that because we’ve managed to cap the gas….. but with everything else going up so much, any savings are welcome. Supermarket prices seem to be going up every week.

Usage is (or was) roughly 10,000kWh gas and 4,500kWh electricity, but we have solar so import is more like 2,500 kWh.

cancel DD then not pay bill, can't cut everyone off- Energy companies are making billions, Uk Tax take massively increased on back of higher prices

Much more pressing than that is that we are killing/heating our world in a way that we are destroying it. We won't have food and shelter. Extreme weather events will be normal. We need to revolt. We need to stop burning fossil fuels (there are lots of other environmentally friendly ways of getting energy, just rich people make loads of money from it and they control the media and our governments). We need to do it now.

We didn't know what to do with regards to fixing our rates. We didn't in the end because the price seemed ridiculously high. Nothing compared to recent predictions though. I really wish we did, I feel like we've made a massive mistake, so worried.

We being Europe. The West.

The problem with the Government is they think printing money solves every problem. Unfortunately for them they can't print a finite resource such as gas or oil and they are going to have an unprecedented problem on their watch that can't be solved however much money they throw at it! They are going to need a new paradigm unless they want riots.

Same here. Really kicking myself now.