To think these energy price predictions are just scaremongering now

[Butterflyfluff]

The annual energy price predictions are literally going up by about £500 a day.

There’s absolutely no way most people can sustain £4/5/600 per month energy bills for any length of time.

I'm starting to think it’s all a ploy to just get people to reduce consumption - scare the shit out of people so they use less.

And many will pay MORE. The ignorance is pissing me off.

Please prove me wrong - the price predictions earlier in the week were £6k, today they’re £7k.

What am I missing?

Yeah this. ^ He always has his 'terribly serious face' ready on TV now. (like the one here!) And yeah, he promotes worst case scenario too. Really grates on me he does. I am already pissed off with him for demanding people switch bloody energy providers to some random shitty little supplier that promised the energy would be much less, only to end up four figures in debt!

I bet they were less excited than when they used to announce the Covid numbers everyday. But hey beggars can’t be choosers.

He saw the Sage scientists at work during Covid and thought ‘oooh this is a nice little gig’. The public laps it up. And took his chance as soon it came.

Martin Lewis got endless shit for predicting that energy would go up by 65% .
It is going up by 80%, he under estimated.

The most accurate estimates so far have been from Cornwall Insight www.cornwall-insight.com/cornwall-insight-comments-on-the-announcement-of-the-october-price-cap

Yes exactly and if your house is all electric with no gas then you will pay much much more.

Unless something huge is done this is an economic catastrophe, it's much worse than Covid. If practically everyone reduces their spending significantly (which most will have to and the rest will probably want to) then businesses (who's energy costs aren't controlled by the cap and will be much higher) go bust in their droves and we get mass unemployment which reduces spending further and forms a vicious cycle, this has depression written all over it. Schools and hospitals aren't subject to the price cap either by the way and likely can't afford these rises either.

People can't believe it because it's too big and too bad and we can't really believe something like this can be allowed to happen to us but at the moment there is no plan on the horizon so yeah people are worried, still probably not as much as they should be unless something amazing materialises.

I know (or observe) a lot of people who won't make much effort to reduce consumption, even if the prices go up by 10x by April.

Every time I see a stationary car with engine running (rampant in my area), I think "high petrol prices? what high petrol prices?" Ditto with lots of energy-choices behaviour. A lot of people are price indifferent.

But Sharon and Maud exist @WhileMyGuitarGentlyWeeps . There are actually millions of Sharons and Mauds. You may feel fed up with it and roll your eyes, but that's their reality.

This is terrifying, but it isn't scaremongering.

Several are saying that

And have you noticed, way less calls to people of "tin hat" or "conspiracy theory"

I would like to say light is dawning.
But wrong phrase for several reasons.

with fuel costs though, many people dont actually use their car that often.
A 20% increase in fuel prices works lots less for some than an 80% increase in energy costs.

All of this extra money it is going to cost us is going somewhere. The cost of extracting and transporting the gas has not changed too significantly in the last 12 months, so the vast majority of it is simply increased profit. We could argue over just who exactly is making all of that money (though it seems fairly obvious to me) but not about the fact that someone is making it, at our expense.

"Demanding people switch providers" yeah I'm sure that's what he did hun, wow the saying is correct that no good deed goes unpunished!

Presumably you're going to be just fine with these huge increases in the cost of living then if you find it all so terribly funny, well can't we all breathe a sigh of relief that you'll be alright Jack and pull the ladder up.

I do get what people are saying , the way the new is , is like everyone is going to be paying 500 plus a month

I’m on a pre payment metre the most expensive way to pay for gas / electric . Iv noticed no difference from last years summer electric cost. With an 80 percent rise that will put my monthly electric cost up to around 110 and my gas at around 130 With the discount voucher that will be 180 a month . Am not saying it isn’t shit and am not saying that some people won’t struggle to afford it am just saying that that’s nowhere near the 500 quid a month people keep going on about

But so what? That’s still a massive increase and you should be absolutely furious about it. With that line of thinking you may as well not complain if it's £500 because at least it’s not £1000.

A ploy by whom exactly? It’s simple economics. Demand exceeds supply since we can’t get the huge amount of gas we used to import from Russia. So all of Europe needs to buy more gas from somewhere else and countries are basically in bidding wars to procure supplies.

I feel that Martin Lewis et al will be responsible for many elderly sitting in the cold and dark this winter too scared to turn on the heating/ lights just like some OTT covid commentators in 2020 scared many people into literally never leaving the house / washing down their shopping bags / not seeing grandchildren etc.
It’s looks the same to me.

@Pumperthepumper oh don’t get me wrong I’m still pissed off

its more that I think some people will be panicking imaging 500 pound plus costs each months ( and so would I be if it actually was that ) when actually for a lot of people it won’t be anywhere near that

i also think some companies are taking the piss with their fixed prices and people are panicking and taking on fixed priced deals that are extortionate .

er I don't think it's Martin Lewis who will be responsible for this.

@sashagabadon and also this !

people I know who have more than double the household income I do talking about sitting in bed without the heating on as tho it’s going to cost 25 quid a minuite the heating is on or something

it’s this that pisses me off. Yes it’s gone off but the figures they throw about are scaring people in my opinion it won’t be anywhere near those costs for many people

Going up not gone off

My gas and electric bill was £109 last January. With the new price cap, it will be £300 (if I use the same amount). That's without the predictions for what January's rates are. I live in a small flat and don't use much energy

It's not scaremongering.

Most people have higher bills in winter.

The cost per unit of gas last January was 4p per KWH
Now it's 15p per KWH

Electricity - 21p. Now it's 52 p

I am sure people can see that gas has increased by nearly 4 times what it was last year.

People use more gas in winter months.

The people on benefits, elderly and disabled can potentially be getting handouts of upto £1200 over the next few months, which will go a long way to helping with the fuel bills. It’s the people who don’t qualify for help (apart from the universal £400 payment), who come just above the line for getting benefits, who will suffer the most. A lot of people in this group just about muddle on atm, but will go under once the bills increase significantly.