an energy cap of 2500 - still double energy bills this winter?

[yih8979kh]

The figure of 2500 a one possible energy cap has been doing the rounds on the media -www.bbc.co.uk/news/business-62801913. It's definitely better than 3500 but doesnt that still mean that our energy bills will be double this winter seeing as last winter's cap was 1200? We paid 180 per month last winter, will it be 360 this Dec? Yes, we get 67 pounds off or something but thats still quite a lot more per month than last year.

If they cap the bills at £2500 when currently £1900 they will have given out more in cost of living payments/ discounts than the rise to many people.

Yes, this will be me. The cost of living payments will cover my entire energy bill until March. My bills are lower than the average anyway as I'm only in a 2 bed flat.

@Wafflefudge that does seem crazy to me. Like a previous poster who said it will have paid for more than her bill is each month. That doesn’t seem like s fair use if taxpayers money.

Its only 2.5m sorry for my gross exaggeration.

15 Feb 2022 — How many millionaires are there in the UK? According to Credit Suisse, there are almost 2.5 million millionaires in the UK

Astonishingly, it was less than 800k in 2015.....

At the moment, the £400 payment would have cancelled out the increase. If I have understood correctly, we wont get that anymore.

Perhaps there will be more help for the low income families. We will see.

Yes I am getting the £650 COL payment and that's going towards the other increases!

Where have you seen that the £400 has been cancelled?

I tried to find this out yesterday with no sucess

I'm happy to be corrected if I'm wrong though.

Wasn't the £400 help introduced when energy bills looked to be going to around £2500 in October? The way I see it the £400 is still needed due to the fact energy bills have still doubled, but the £2500 cap is to prevent the horrific £3000-£7000 figures we were being threatened with for 2023? Whilst the cap is a relief it is still a big increase for most households.

We are going to have high gas prices for a long time - if you compare them to a few years ago.

I wonder how long this intervention can go on for

We’ll still reduce usage but I’m sure some will be happy to have heating on for a couple of hours rather than none at all

Plus businesses not going bust

We’ll pay just over longer - if details are confirmed

At the end of the day we have to pay for the increases. This way we pay part of the increases now and the rest down the road. It makes sense.

@FreddyHG

The wealthy or larger energy users will be subsidized to for each unit of electricity so the largest users get more subsidy from the government. This policy is really stupid and simply penalises people who have done the right thing in preference to those who haven't.

And indeed this shows the massive flaw in this policy there is no incentive to use energy efficiently...

What are you talking about?

Have you misunderstood the energy price cap???

£2500 is still more than double the 2021 average and fuck knows how much it will cost the public in the long run.

The whole mess has been caused by tory ineptitude over energy infrastructure and security but instead of the people holding them responsible and enforcing change we'll now see many thanking them for giving them a shitty little crumb.

But it follows a classic tory strategy. Privatise a national asset for a nominal fee, allow serious under investment into infrastructure/services and shareholders to extract as much profit as possible until the point of failure, bail the now private asset out with public money (ensuring shareholders get a last hurrah), rinse and repeat.

If the price cap comes to pass at £2,500 AND we still get the £400, I’m going to be very grateful for that. I was planning a winter of no heating at all (logburner) but with this I could put it on for an hour in the mornings. The £67 pcm was already helpful. People moaned that “the rich are getting £400 too” but it was fairest to give to all. I’ve had my £150 council tax rebate which I put aside for energy bills and my boomer parents didn’t but they pay more tax than me so they should get £400 in my book.

I can’t pare my use down any more than I do already.

while some may feel that it’s too much as the £400 gives out more than the increase of the cap, it isn’t just energy bills that have risen a lot. Food and petrol have too, so any savings on energy can be diverted towards that.

the moaning seems to be that rich people can have more stuff. ‘‘Twas ever thus.

It was reported in a newspaper (possibly telegraph?) this morning that the £400 will remain.

the moaning seems to be that rich people can have more stuff. ‘‘Twas ever thus"

Well maybe its time to change that?

If the help was more targeted, we could borrow less and give you and others far more.

if Germany can offer more help to the less well off and for less money, despite a much larger population, then why can't we?

But instead, you re happy to doff your forelock and be thankful for the crumbs from your masters table.

@BackT No it doesn't.

Yeah but the other option would have been for the government not to make whole the energy companies, so rather than increasing the country's debt, I dunno, they make slightly less than their billion pounds of profit....just a thought.

I mean… I would be either doffing my cap or tugging my forelock but ANYWAY..

i’m not entitled to the COL payments of £650 and I have no objection to that. There’s always someone richer than me in any given situation. They will proportionately pay higher costs by means of their lifestyle - bigger houses, higher bills, bigger families, huge food shop, larger cars, whopping tankfuls of petrol. They pay more vat, more income tax, if they own businesses they have no cap at all and pay tax there too plus the Employers NI for their staff.

if I were a Tory I’d have voted for Rishi, personally but he got a lot of hate just for being rich so now we have Liz Truss. He was hated for having a rich wife. An Indian wife, whose businesses are Indian who completely paid her tax in India.

I don’t hate what is perceived as this homogenous group of Rich People. Be nice if I was one but I do like their taxes rolling into the coffers.

As Mrs Zelensky said we will pay in higher bills but they will also pay in causalities. Something to bear in mind when we're moaning

Yes I agree.

And I bet they were banking on the fact that because everyone was so worried about bills quadrupling, now that they'll only be doubling, people are relieved and that will shut them all up for a bit....

For anyone struggling with following the cap, perhaps this will help.

For every bit of electricity you use, think of it as chocolate smarties. When you turn your kettle on, smarties are being burnt up.

For every bit of gas heated hot water you use in either your tap or heating, think of it as tics-tacs being burnt to cause the heated water.

You can burn as many smarties and tic-tacs as you like, what the Tories are doing is preventing the price of a single tic tac or smartie rising to an even higher value. The price of every tic-tac or smartie is being capped.... NOT the number you can take.

Burn more, pay more since you have taken more.

I'm shocked but I agree with Freddie

Have you misunderstood the energy price cap?

Sorry just to understand (I’m not having a go) you want the government to reduce usage and bills to stay low?

In Germany fuel prices have gone up but some of the ways in which they are reducing consumption include one of the biggest landlords in the country having a max setting on heatings for all tenants. Another has limited showers to certain times of the day. So it is impacting individual German households. I think the British public would kick off about something like that.

Lol yes doff cap/tug forelock...need more coffee.

But the point here is the country should not be going into huge debt to help out the very wealthy.

People at the lower end need far more help than a doubling of bills, they simply cannot afford it, the wealthy pay far smaller amounts proportionately and therefore can..

What your really saying is the rich pay enough already, so lets help them out instead.