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Share your dilemmas and get honest opinions from other Mumsnetters.

To have buried my head re energy costs?

59 replies

itsthesound · 24/08/2022 08:35

So obviously I've seen the news articles floating around, but tried to ignore what was happening re energy costs.
We currently pay £200 per month for gas and electricity combined.
My provider emailed today to say our fixed term is coming to an end.
If I want another 12 months fixed then it's £409 a month.
I've checked other suppliers and they range from £450-£600 per month on a 12 month fixed deal.
If I stay on variable then it's £210 per month.
How are we actually going to cope?
Are people sticking with variable and hoping for the best? Or going with a fixed term for a horrendous amount per month?
How can they double the cost of something overnight?

OP posts:
Blacknailvarnish · 24/08/2022 17:04

If I was offered that fix, I’d snap their hands off!! We we are laying £200 a month currently and the fix we’ve been offered is £762 a month!!! I’d kill for £400!

MushMonster · 24/08/2022 17:10

I was faced with this very issue a few months back.
I am still on the variable.
I do not know what to do, but I cannot possibly give them £400 per month. I do need a good part of that money, so here we are.
We are getting the £400 from the goverment in installments of £66 per month, but I wonder if that would be anywhere close enough to what we need.

Hugasauras · 24/08/2022 17:10

Look at the rates, not the £ amount. The latter will be different for everyone depending on usage and is not fixed.

Hugasauras · 24/08/2022 17:10

MoneySavingExpert have a 'Should I Fix' calculator that you can plug the details into.

Notreallyhappy · 24/08/2022 17:31

Sadly it doesn't seem.its going to get better anytime soon.
look at your daily usage now, turn off what you can , reduce main oven usage, use the slow cooker and airfryer, air dry and put on a sweater.

Being a child.of the 70s we had no central heating, frost on the inside of the windows in January. It wasn't fun but we managed. I understand we shouldn't have to these days but everything is gone bang again! just like it did then and just as it did when Mrs thatcher rocked up in the 80s.
My bills gone from 155 to 300 and that so I'm told won't cover it.

Yabado · 24/08/2022 17:36

OP
join energy and support advice uk on Facebook
it’s a brilliant group with very knowledgeable people on there who can work out pretty much what it will cost you

Yabado · 24/08/2022 17:44

@itsthesound
its not guaranteed to be £400 a month
That’s just what they are estimating it to be if you use that amount of KW

if you use more you pay more
so if they have estimated that you will use 4000
but you use 6000 overall then you will have to pay for the extra 2000kw that you have used

Really you want to work out what you use each day and then you can work out what it will cost you at the higher rate

CloseYourEyesAndSee · 24/08/2022 18:01

I can't work out why people are still talking about their direct debit amount being fixed! It's not, it's the unit rate. Please, please read your bills and see what you're currently on and what they are offering. If you don't fix the unit price could go up above the fixed rate and you'll owe them the money whether you pay the DD amount or not. Even if you don't fix they will still increase your DD amount!!
please read money saving expert, it's the best advice we've got.

HopeIsNotAStrategy · 24/08/2022 19:41

BarbaraofSeville · 24/08/2022 14:40

OP, it’s not just you who’s burying their head in the sand. The majority are, it seems.

So many people don’t seem to have realised the scale of the increase in a unit of gas or electricity recently.

Early last year, you could pay under 15 pence for a unit of electricity and under 3 pence for gas. Come January, so a total timescale of 2 years, those same units are going to cost over 60 pence and around 15 pence respectively.
And the standing charge has increased so well over a four fold increase.

It can’t be clearer than the increase in the unit prices and we all buy thousands of them every year. Annual bills of around £1000 will turn into more like £5000.

But people are hanging onto their recent low summer use and possible last few months of a cheap fix and seem adamant that their bills haven’t gone up that much and any attempt by their energy company to increase their DD to cushion the blow they will feel early next year is dismissed as ‘evidence’ that paying by direct debit is more expensive and those of us that are doing so are stupid and are being conned.

I predict that early next year all those people who’ve refused to pay by direct debit ‘because quarterly is cheaper’ are going to be back complaining about their winter heating bills that are similar in magnitude to a decent second hand car.

Or those on prepay saying their £20 top up was used up in a day, when it used to last nearly a week.

That’s why people pay by direct debit, it protects you from all that, and you normally get a discount too.

Excellent post @BarbaraofSeville .

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