Will we really see bills stay below the ridiculous Oct prediction?

[pinkyponkyplink]

Is this actually going to be happen? We have been worried sick about affording £400 and £700 a month predictions. It would make a huge difference to us! Just can't actually believe it might not happen after all the worry!

You do realise that if you pay into a work pension scheme, you are probably indirectly a ‘shareholder’ ? You actually need those profits to bolster your pension when all other investments (like tech) are going tits up.

2 Years @ £2500 for a typical home

Need to add Bill and Roger. (Agree what we need to do is at least call it a unit price cap, a cap per KW used, average in this sense is meaningless)

Bill lives in a much smaller house than you and Fred, however he really likes apples and likes to have apples wherever possible. He uses 175 apples a year despite his house being 2/3s smaller than Fred.

Roger lives in an average house and is delighted that he can eat as many apples for the apple cap of 100, he has taken to using as many as he can and throwing just as many out of the window. Roger will have a very big shock when the apple bill is delivered.

I love how this analogy has snowballed! It seemed such an accessible way of describing a fairly intangible concept. How many of us have any real concept of what one kWh really is?

I am unashamed to say that I used it today, to discuss energy prices with a year 8 class. It worked!

I must again, say that it was someone else's idea, from a different thread.

I just had an email from BG to go back onto the SVR tariff from my fix with no exit fees so I have just done this, it starts in 24 hours so have saved a little bit before 1st October, where I was overpaying on my fixed rate

Gonna leave this hear for others on fixes who are debating whether to jump to the SVR. It may be worth your while to hold fire until it's clear what is going to happen to those fixes.

Martin Lewis: Since the announcement, I have heard the discount that is being applied to the price-capped tariffs is likely to be applied to all tariffs, including fixes (the new 'price guarantee' will effectively work as a per pound discount off the unit rates of the pre-planned 1 October price cap rate). If this is correct, many fixes that currently look costlier than the price guarantee will end up cheaper. Earlier, the information I was told by the Government was that "all can get out of a fixed tariff without exit penalties". This may have changed, so that it is left up to firms. I will confirm when I know, but be careful acting on any of this before it is cast iron.

Yes I did see the bit by Martin Lewis on MSE and debated it but decided to just go to the SVR, I have a two week cooling off period if I change my mind