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Share your dilemmas and get honest opinions from other Mumsnetters.

To think these energy price predictions are just scaremongering now

223 replies

Butterflyfluff · 26/08/2022 20:07

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.

OP posts:
entropynow · 27/08/2022 08:32

amicissimma · 26/08/2022 21:16

Well they're not really saying anything clear. 'Average bills', 'up to', 'as much as'. The actual per unit price is available but that's bad but not nearly so exciting. Some of us might manage to work out that with careful budgeting and energy use our bills might not be quite as bad as the Media would have us believe.

It feels to me as if they got hooked on drama with Covid 'up to x0,000 deaths', 'so many new cases a day', 'could be as many as...' etc, and just want to keep the ooh aah factor going. The price of oil has dropped by about 30% since its recent peak, so although companies have had to buy for the upcoming months at the increased rate, things will improve eventually. Then the MSM will have to find some new 'crisis' to scare us and keep us tuning in. And they will.

That's not to say hard times aren't coming. We have to pay for the variations in fuel prices, our country's own lack of planning and not using our own oil and gas to reduce our dependence on imports. We have to pay for the destruction of business due to Covid and the extra money the government paid out when they stopped us earning. We have lived very comfortably, arguably beyond our means, for decades, with food prices low at the expense of producers, importing cheap labour, exporting our heavy industry, interest rates held artificially low, a badly run health service, huge and rising interest payments on government borrowing, etc and now a series of events have made those things harder to sustain. It would probably have been less painful if prices had risen gradually over that time, rather than all at once when the dominos fell over, but it is what it is. Politicians can tweak things and try to decrease the burden on some groups while not over-burdening others, but ultimately there's a bill to pay.

Careful. That's thinking talk, that is. It's not welcome here. People want to run around shrieking and talking about Great Resets and the apocalypse, they don't want facts.

cupofdecaf · 27/08/2022 08:41

Martin Lewis is shouting because he's really bloody angry out incompetent government are infighting over who gets to be in charge of their club rather than doing their jobs and running the country. They've allowed this to happen because it doesn't affect rich people like them and some of them will be making money from it. This is what years of conservative leadership gets us. I will never understand why people vote for them.
I've always found his advice useful and he's been fairly accurate so far. Just because you don't like the message doesn't mean he's wrong.

BloodyHellKen · 27/08/2022 08:43

@MarshaBradyo I'll look into Times radio, thanks.
I think the media have alot to answer for, especially in recent years when the stance has become so sensationalist. Social Media and the 24 hour news cycle have lead to this IMO.

There was an interesting thread earlier in the week where a GP bemoaned the number of worried well attending hospitals/surgeries. I think she had a good point and IMO it's the media that are largely responsible for whipping an entire population into a panicked frenzy over covid.
Damage like that cannot easily be undone.

AgentJohnson · 27/08/2022 08:43

@WhileMyGuitarGentlyWeeps Grrrrrr! The cap is not a cap on your total bill. It’s a cap on the standing and the unit costs, if you use more than the average user (upon which the cap is based) then your bill could exceed the cap.

EkinWho · 27/08/2022 08:55

Pootle40 · 27/08/2022 08:27

I can't believe in this thread that hate is directed towards Martin Lewis. WTF.

I know. How the hell can people hate someone who is literally screaming in frustration because he can see that households will have to choose between heating and eating. But not hate a government who do not give a shit. Weird.

And it's not scaremongering. I work in a very deprived area in a cold part of the UK. I am genuinely worried about how the families I work with will be able to manage when they are already at the absolute limit of their finances. People need to open their eyes.

AgentJohnson · 27/08/2022 08:57

@Pootle40 Of course people are hating on ML, shoot the message and all that.

People called his above 3 grand a year October price cap prediction scaremongering. Six months after that prediction the government still hasn’t published a plan.

MarshaBradyo · 27/08/2022 08:58

Just to clarify I don’t ‘hate’ ML

Hate is a bit of an if the times SM idea - that you can’t discuss someone without being told you hate then

But I can see how the media impacts people and it’s not always better for them

MarshaBradyo · 27/08/2022 08:59

Or ‘hating on’.. yikes

Flatmountains · 27/08/2022 09:00

Nuclear is not and never will be sustainable or any of that other rubbish that they trot out with, @Grumpybutfunny . Even if you are too young to remember chernobyl, the media reminds us endlessly how much danger the world is in with Russian threats to Ukraine's nuclear power stations.

GoneAwolAgain · 27/08/2022 09:01

I think the predictions are accurate, however the media makes money from frightening the life out of people, so we are being deluged by terrifying headlines which are often full of 'could happen' and 'might happen' or a quote from some random professor predicting the end of the world. The more we read, share and talk about these articles, the more their readership/advertising revenue grows.

So yes while the Ofgem news is rather terrifying, I prefer to not let the media have the final say on how I feel today. I'm not giving them that right. Absolutely nothing is gained by panicking, so all I can do is pay what I can, keep in communication with our energy supplier and trust that something will soon be done. After all, it's not in the energy companyies' interests to have loads of people in debt or defaulting on payments, so at some point, something has to change!

Of immediate concern are people who are on prepayment meters. There needs to be an urgent action plan for them, particularly as it starts to get chillier!

EkinWho · 27/08/2022 09:06

MarshaBradyo · 27/08/2022 08:58

Just to clarify I don’t ‘hate’ ML

Hate is a bit of an if the times SM idea - that you can’t discuss someone without being told you hate then

But I can see how the media impacts people and it’s not always better for them

The media does inflate stuff, and not for the benefit of the country. I don't think this is one of those situations. I want the government to face maximum pressure so they come up with some sort of a plan.

Grumpybutfunny · 27/08/2022 09:12

@Flatmountains I have a science based degree and will stick to the science of how clean nuclear can be. The newer design are already looking using at what would be now termed used fuel. How we protect nuclear power is down to the army and the states that use it, as a moderate country we are in a great position to have nuclear power. I don't buy it as anymore dangerous even the Ukraine nuclear plant is a worry because of what it could be used for, but in the same sentence Russia has nuclear weapons.

PutinSmellsPassItOn · 27/08/2022 09:48

My friends on pay as you go and she's topping up around £20 per week. Normal, 3 bed semi with 2 kids, tumble dryer etc.

I pay off meter readings......My bills are around the same. My winter bill is usually around £340 for the quarter. If it doubled it wouldn't be great. But I'd be able to pay it. My consumption this year is down 1/4 from last year, I made an active decision to cut back months ago. We've always been careful anyway but little things like not having the tv on when nobody's watching, taking long showers twice a day and cooking more one pan type meals on the hob instead of having 3 rings and the oven going have really added up.

I think there is an element of scaremongering.......but also think people need to quit with the hysteria and take responsibility for their energy consumption. There are many ways to cut bills down. When I see articles by people claiming their shivering around one candle to warm themselves and cook on putting it bluntly I don't believe them. People who have high bills already have high bills because their consumption is high.

And if energy companies are increasing direct debits to stupidly high levels then cancel them. Put money into a separate account and pay off meter readings as I do. It's not difficult.

In all of this my real sympathy lies with people who have disabilities that mean they have no choice but to run equipment or they need the heating on. Those are the one's who will really suffer and not enough has been done for them. The rest of us can make changes. Most just don't want to.

sst1234 · 27/08/2022 10:00

entropynow · 27/08/2022 08:23

What about big conspiracy theory?
Oh, right.🙄

Like I said, go read up on lobbying. It’s not new, nor a secret. It’s how government works. You might learn something.

Cyw2018 · 27/08/2022 10:26

Grumpybutfunny · 27/08/2022 09:12

@Flatmountains I have a science based degree and will stick to the science of how clean nuclear can be. The newer design are already looking using at what would be now termed used fuel. How we protect nuclear power is down to the army and the states that use it, as a moderate country we are in a great position to have nuclear power. I don't buy it as anymore dangerous even the Ukraine nuclear plant is a worry because of what it could be used for, but in the same sentence Russia has nuclear weapons.

I think possibly if Nuclear was a new thing now, and we had all the hindsight that we have, an impossible hypothetical, then we might choose as a world not to go down the Nuclear Route. But that ship has long since sailed. We have nuclear, we even have nuclear in a large scale war zone, so any new nuclear power stations being built isn't going to put us in any worse a situation than we are currently in. We have learnt that building them on fault lines and in Tsnunami zones is BAD, and we know we need to be construct them in ways to limit the chances of a Chernobyl like melt downs, we also now know how to build a damn fine Sarcophagus.

So I agree, since Nuclear is here to stay, then we may as well utilise it to maintain the kinds of high tech lifestyles we are accustom to, in the cleanest possible way we can.

EmmaH2022 · 27/08/2022 10:33

BloodyHellKen · 27/08/2022 08:26

@Cyw2018 and @lightand
I understand why this is happening thank you 😊

What I meant was that I would like to see more emphasis in the media on the why this is happening rather than just encouraging people to panic. It would be alot more useful in the long term IMO.

Why do you think would it be useful for people to know more about why this is happening?

WhileMyGuitarGentlyWeeps · 27/08/2022 10:53

EkinWho · 26/08/2022 23:36

Very worrying that people believe that this is what the price cap is. It is a misleading name. It's not the maximum. It's what the price per KW and standing charge will now cost you on average usage. I'm in a normal semi with 2 kids and use more than that, its not a lot. Not great that people don't even understand it but complain about how everyone goes on about it.

I am genuinely REALLY sorry everyone. I actually honestly thought 'price cap' meant this is the highest you would pay. Why the FUCK is it called this? Price cap suggests that is the top end anyone will pay! On the news and on 'the last leg' last night they confirmed it's an AVERAGE, and could be much more for some.

Genuinely sorry! Sad Should have checked first, but really GENUINELY believed price cap meant 'most you will pay.' As @EkinWho said, it IS a misleading name for it.

Forgive me. Flowers

worriedatthistime · 27/08/2022 11:04

I guess what you mean is all the talk making out all of us will have £7 k billd
Mine is currently about 1 k a year so even if it goed up a hundred percent thats £2 k ( still way too much ) but I am hearing people who usually pay £50 a month now thinking their bills will be £500 and that is what is confusing me ?

lightand · 27/08/2022 11:16

EmmaH2022 · 27/08/2022 10:33

Why do you think would it be useful for people to know more about why this is happening?

@BloodyHellKen
People would still have to look and listen.
They do not like doing that.
If they did, they would already have done, and be doing.
Most people want light and fluffy in life.

You can take a horse to water and all that..

lightand · 27/08/2022 11:17

Note the reply to your most recent post as a for instance.

cakeorwine · 27/08/2022 18:52

The film "Don't look up" is so relevant now.

This was obvious months ago. Months. And nothing has happened.

Murdoch1949 · 27/08/2022 18:58

You're exactly the type of person the Govt is relying on. It will be worse than predicted, as will food price rises. Waitrose, ok kill me, have gone up in excess of 10% in the last year.

dianthus101 · 27/08/2022 19:06

How can this be “scaremongering” when it's already happened? The fact that many people can't sustain a £4/5/600 per month energy bill for any length of time doesn't mean the prices will decrease. it just means people won't be able to use any gas or electricity. They will still have to sit in cold houses all winter.

dianthus101 · 27/08/2022 19:11

worriedatthistime · 27/08/2022 11:04

I guess what you mean is all the talk making out all of us will have £7 k billd
Mine is currently about 1 k a year so even if it goed up a hundred percent thats £2 k ( still way too much ) but I am hearing people who usually pay £50 a month now thinking their bills will be £500 and that is what is confusing me ?

If their bill has risen by that much it is because they have been on a fixed tariff which has ended. Now they will have to go on a variable rate tariff or take on a much more expensive fix. The one I have been offered is over £500 a month.

dianthus101 · 27/08/2022 19:22

GoneAwolAgain · 27/08/2022 09:01

I think the predictions are accurate, however the media makes money from frightening the life out of people, so we are being deluged by terrifying headlines which are often full of 'could happen' and 'might happen' or a quote from some random professor predicting the end of the world. The more we read, share and talk about these articles, the more their readership/advertising revenue grows.

So yes while the Ofgem news is rather terrifying, I prefer to not let the media have the final say on how I feel today. I'm not giving them that right. Absolutely nothing is gained by panicking, so all I can do is pay what I can, keep in communication with our energy supplier and trust that something will soon be done. After all, it's not in the energy companyies' interests to have loads of people in debt or defaulting on payments, so at some point, something has to change!

Of immediate concern are people who are on prepayment meters. There needs to be an urgent action plan for them, particularly as it starts to get chillier!

The 80% increase is not a prediction. The price cap increase has happened and the energy companies are going to raise it by that amount or they will go out of business as many have already done. If you don't pay your bills they will put in a prepayment meter so you have to pay in advance and the payments will be set at a rate that will pay off any debt.

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