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Energy bills to rise by average £149 per year.

24 replies

Boomer55 · 23/08/2024 08:11

Not good news:

www.bbc.co.uk/news/articles/c9qgy11w5dyo

OP posts:
AuntieMarys · 23/08/2024 08:15

It was expected. And summer bills are low so most people will have credit in their accounts.

virgocatlover · 23/08/2024 08:23

It is still lower than last winter.

There are still fixes available that are just slightly higher than the current July cap.

olivecapes · 23/08/2024 08:44

Hopefully many people fixed in the summer when fixes were lower and it was warned prices would be going up in the winter. Although I know not everyone is able to fix.

Nourishinghandcream · 23/08/2024 08:45

AuntieMarys · 23/08/2024 08:15

It was expected. And summer bills are low so most people will have credit in their accounts.

Agree.
A perfect time to build up a surplus.

Nellieinthebarn · 23/08/2024 12:37

I'm lucky to have fixed in June, and have a bit of credit built up.

But last year DH got the winter fuel payment which was very very helpful, we just transferred it all onto our electric account and it meant we could have the heating on the same as usual.

We are very frugal with it anyway, its always a case of jumpers on and rugs on the knees before any heating goes on.

Fingers crossed for a mild winter.

singularsensation · 23/08/2024 12:46

I just fixed. I am confused though. Our energy bills are about £2k per year even though we are very careful. That's way above the average.

DancingPhantomsOnTheTerrace · 23/08/2024 12:54

singularsensation · 23/08/2024 12:46

I just fixed. I am confused though. Our energy bills are about £2k per year even though we are very careful. That's way above the average.

How many people are in your household?

Where do you live?

The average given is for the average household (2.36 people), and averaged across the country. But some regions have higher caps than others.

If you're in an expensive area, and/or have more people in your house, it's not surprising it's more than the overall national average.

singularsensation · 23/08/2024 13:19

@DancingPhantomsOnTheTerrace

2 adults, 1 child. 4 bed new build terrace (so should be super energy efficient).

Central London

Are prices higher in London / big cities?

DancingPhantomsOnTheTerrace · 23/08/2024 13:23

singularsensation · 23/08/2024 13:19

@DancingPhantomsOnTheTerrace

2 adults, 1 child. 4 bed new build terrace (so should be super energy efficient).

Central London

Are prices higher in London / big cities?

Yep London has higher than average prices per unit for gas and electric, and for the gas standing charge (the electric standing charge is actually lower in London than anywhere else I think).

DancingPhantomsOnTheTerrace · 23/08/2024 13:24

By region, the current and just announced caps

www.ofgem.gov.uk/get-energy-price-cap-standing-charges-and-unit-rates-region

Notmycircusnotmyotter · 23/08/2024 14:14

Why on earth are gas / electricity prices different around the country?

Orangecar25 · 23/08/2024 14:18

No credit here. Still haven't paid off the debt from winter despite paying £175 a month 😭 .

DancingPhantomsOnTheTerrace · 23/08/2024 14:19

Notmycircusnotmyotter · 23/08/2024 14:14

Why on earth are gas / electricity prices different around the country?

Ofgem: "The level of the cap varies by region, mainly because of regional variations of network charges which reflect the cost of transporting energy for each region."

EasternStandard · 23/08/2024 14:20

I especially feel for pensioners on basic state pension who've had their WFA removed

ChristmasCatBells · 26/08/2024 09:03

Octopus have fixed offers which are under the cap if anyone looking and you aren't tied in so if prices lower you can leave. There's a referral thread somewhere.

BillieJ · 26/08/2024 09:41

singularsensation · 23/08/2024 13:19

@DancingPhantomsOnTheTerrace

2 adults, 1 child. 4 bed new build terrace (so should be super energy efficient).

Central London

Are prices higher in London / big cities?

While regional rates will make some bills higher, you have a small household in a new house, so you could almost certainly make some savings by cutting usage. Over the last few years, we have dramatically cut our annual usage although we are paying roughly the same as you. We are three adults in a Victorian terraced house.

We all work at home, so computers and screens on all day all week. Evenings are usually screens too including a PS5, so all of that probably accounts for most of our electricity usage. But, we've cut back by not using tumble drier much (airer and dehumidifier instead) and being stricter about turning off lights etc. We cook by gas, so our air fryer is about convenience rather than moneysaving, but we are less wasteful with heating. Oodies and heated throws in evenings rather than heating.

HelenWheels · 26/08/2024 09:44

that is just over £12 a month.
no concern surely?

ChristmasCatBells · 26/08/2024 09:57

@helenwheels presumably it's of concern to people on a tight budget. Costs of everything are rising so people have less money spare to absorb additional rises.

HelenWheels · 26/08/2024 09:59

but compared to last year when it was astronomical.
oddly mine is coming down in october, no idea why or whether that is a good thing in the long run.

Nellieinthebarn · 26/08/2024 11:47

HelenWheels · 26/08/2024 09:44

that is just over £12 a month.
no concern surely?

It is if you haven't got it. And it isn't £12 a month over the year, its going up just before winter, when you use most, and its nearly Autumn now, leaving little time to adjust the budget.

DreamW3aver · 26/08/2024 12:10

DancingPhantomsOnTheTerrace · 23/08/2024 12:54

How many people are in your household?

Where do you live?

The average given is for the average household (2.36 people), and averaged across the country. But some regions have higher caps than others.

If you're in an expensive area, and/or have more people in your house, it's not surprising it's more than the overall national average.

I'm sure I remember from when the fuel crisis first started and this average figure was quoted that it's not actually an average of anything, isn't it come kind of total of assumptions about what typical people might use so infact meaningless which is why Martin Lewis is so against it being used

No one's asking up all the bills and dividing by the number of households afaik

NoSnowdrop · 26/08/2024 12:19

they're only going to get higher thanks to the useless Ed Miliband Minister for higher energy bills. But hey you’ll all be poorer and all the money will be funnelled into money making schemes for a few large companies using the environment as a Trojan horse.

OP posts:
YellowComb · 11/09/2024 22:59

singularsensation · 23/08/2024 12:46

I just fixed. I am confused though. Our energy bills are about £2k per year even though we are very careful. That's way above the average.

That's £5.50 per day. I think that's quite good if you look at it that way.

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