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Based on this projection, how much will your energy bill be in October?

64 replies

steakzilla · 05/09/2022 22:19

Martin Lewis has stated that every £100 we spend now will be £180 in October.

Based on this our bill will go up to £348.

We have a 2 bed well insulated mid terrace house. Combi boiler. Electric hob, not gas. Heating on at a minimum already for the last few years.

I think we will need to cancel some of the kids after school activities.

Based on this, what would your bill be?

OP posts:
MinervaTerrathorn · 06/09/2022 07:25

68%?

Based on this projection, how much will your energy bill be in October?
Hugasauras · 06/09/2022 07:27

MinervaTerrathorn · 06/09/2022 07:23

Anyone know why his calculator comes out at 68% higher than now, not 80%?

Depends on ratio of standing charge to your usage.

HikingBoots · 06/09/2022 07:29

We're on a fix until next Feb, paying £160 a month direct debit for a 4-bed detached house for the two of us.
I'm hoping the next raise doesn't happen. The October raise (if we had to pay it) would take us to £288. If the Feb raise is another 80% it would take us to £518.

HuntingoftheSnark · 06/09/2022 07:33

I had my June to August quarterly bill yesterday and it was £226 so £75 a month. Last year it was £120 for the same period. I fixed for two years just before last October so I'm hoping it doesn't increase massively next quarter, apart from a very small amount of heating.

hedgehogscrossing · 06/09/2022 07:39

155.00 pcm. 2 bed mid terrace not well insulated as floors are draughty but I do have double glazing.

RashOfBees · 06/09/2022 07:44

Already paying £358 - two things make it so high: dp being ridiculous with the thermostat in winters past (think I’ve finally got through to him that we need to be much more careful) and two electric cars. The latter has me really worried. I drive a lot for work and the mileage is only going up. I do get some back in expenses, but takes ages.

NorthernPud · 06/09/2022 07:46

Until April we averaged £135 pcm on a really good but expiring fix. Four bed extended semi. Given the cap we fixed at £300 pcm for two years. Otherwise from Oct we would be paying c£540 pcm.

Branster · 06/09/2022 07:57

MrsLargeEmbodied · 06/09/2022 07:13

pm has said freeze for 4 months only

If this is alongside the £400 6 months credit, after January, there will be one big shock. As we'd have the postponed October increase plus the predicted January increase hitting at once without much of a buffer. Delaying the inevitable.
Not convinced on this price freeze is a smart move at all.

Jammymare · 06/09/2022 07:58

We moved house in December last year, so straight onto the variable rate of 19.69p for electricity and 3.97p for gas. Actual costs were around £85pcm with the heating on 4-5 hours a day.
April price rises to 27.1p and 7.123p plus the huge rise in standing charges mean that our summer usage costs have only dropped to £80pcm despite massively reducing gas consumption as not using any heating.
The October rises (49.59p and 14.18p respectively) will see our usage costs be around £132pcm with keeping the heating off, or £340pcm with the heating on for the 4-5hrs as normal. If it then goes up again in January as they were predicting, it would be over £500 a month to have the heating on!
I am on maternity leave with a 12 week old baby. We saved and saved and saved so that I could take the full year off as I only get stat mat pay, but energy bills will swallow these savings if the government doesn’t act. We are both professionals on a decent wage and it will be a struggle for us to accommodate these rises, so I am horrified that this government has sat on announcing their plans to help for over a week. The stress for anyone without savings or the ability to increase their income must be unimaginable.
I am politically homeless - I can’t see the opposition stepping up to sort it out either ☹️

Yabado · 06/09/2022 09:35

My electric at the moment is pre pay smart key meter
I was really against having a smart meter but I had it installed a few weeks ago and I love it - I know that’s really sad 😞

I pay around £50 a week in electric inc SC of roughly £4 a week but I do have a hard shell hot tub so that cost a lot to run
I’ve worked it out that it will go up to £360 in Oct

minus off the £67 from the government so £297 a month

so roughly an extra £25 a week or £3.50 a day extra in October

Without the hot tub my electric is roughly £90 - £100 a month so would go up to £180 approx

minus off the 67 from the
government and it will be around £120 so
an rise of
£20-£30 a month

last year my gas bill was under £400 for the year .

MinervaTerrathorn · 06/09/2022 12:48

Hugasauras · 06/09/2022 07:27

Depends on ratio of standing charge to your usage.

It's great the standing charges haven't risen much then!

Watapalava · 06/09/2022 18:11

Again tho all these estimates are looking at the 80% increase rate for October and not accounting for the huge rise to them cover winter

your rate now plus the 80% is stil your summer rate

you then have heating charged on top - for many this would be a huge add on

you presumably now don’t have the heat on

MinervaTerrathorn · 06/09/2022 19:03

Watapalava · 06/09/2022 18:11

Again tho all these estimates are looking at the 80% increase rate for October and not accounting for the huge rise to them cover winter

your rate now plus the 80% is stil your summer rate

you then have heating charged on top - for many this would be a huge add on

you presumably now don’t have the heat on

My rate now is my estimated yearly usage, divided by 12, so includes winter heating

Blondeshavemorefun · 07/09/2022 14:06

Basically double it and a little less

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