[News] Energy bills to top £4200 at the start of next year

[Thunder Bolt]

I am not arguing about any of what you say, it’s just Thunderbolts constant posting of what a man not in power would do as though it’s the silver bullet to end this shitfest that irritates me.

It may be, I hope it is :shrug :

Constant posting? Why do you feel the need to exaggerate to put me down?

I couldn't give a stuff about your opinion of me, but don't exaggerate. You haven't even listened to his plan let alone discuss the rights and wrongs of it. Play the ball not the {wom}an.

You had to apologise once before for ranting about me saying things I hadn't said about Potter.

 

[Bozza]

it aims to raise £8bn from windfall taxes rather than £5bn, by back dating it to start of the year. the rest of the costing is based on existing promised spending and a saving on debt payments on assumption inflation is reduced by 4%. its also based on the April cap and prices. basically a ~£1000 sub to each bill, though not explained how its implemented, which is vitially important for that inflation effect.
https://labour.org.uk/press/keir-st...an-to-address-the-tory-cost-of-living-crisis/

I saw that earlier and thought t was all a bit hand-wavy vague - not the specifics I was expecting from a much-heralded "fully-costed plan".

That aside though, are the numbers out of date already? That article is dated 14th August so, presumably, was worked on in the days/weeks ahead of that. Today's cap rise takes the average UK household annual energy bill up from £1,971 to £3,549 - a rise of £1,578 which has me scratching my head slightly about whether both aspects of this can be correct as of today, not to mention the currently forecasted sharp spike in January:

"Keir Starmer says Labour wouldn’t let people pay a penny more on their fuel bill this winter as party unveils plan to save typical family £1,000"

Given much of the winter takes place from January, it feels like a typical family would need to be saving £2,000 each, if not more.

 

[beorhthelm]

They surmise that this cap would reduce inflation by 4% which seems wildly optimistic to me, but as a short term fix it seems to be a lot better than what the current government are doing about this serious problem which appears to be *checks notes* absolutely f**k all.

on inflation or energy? the £19bn currently due for energy assistance wont help inflation, nor will tax cuts. need to reduce costs pre-billing, it fudges the inflation but will work.

 

[Thunder Bolt]

Lets face it - the majority of the increase is because of Russia invading Ukraine. The west is sanctioning Russia and they are effectively cutting the gas (or reducing it) to the west - increasing the price.

I think it was a previous poster who said we are effectively at war with Russia - this is true. A s such we need to increase the tax on the wealthiest and borrow as if it was a war - mitigating the effects to alleviate fuel/food poverty, but at the same time massively build up our renewable s. We are a country surrounded by sea currents and wind. Its an investment. Granted it wont happen overnight, but we really need to start building wind farms all around our coastline and tidal generators on the severn etc

We have over 2000 power stations which are not totally reliant on gas.

https://electricityproduction.uk/plant/

 

[Icy Gull]

Constant posting? Why do you feel the need to exaggerate to put me down?

I couldn't give a stuff about your opinion of me, but don't exaggerate. You haven't even listened to his plan let alone discuss the rights and wrongs of it. Play the ball not the {wom}an.

You had to apologise once before for ranting about me saying things I hadn't said about Potter.

Yes I did apologise to both you and Guinness boy as I was pissed and out of order.

However, I feel no need to apologise this time. I think that you have been championing Starmer whilst running down the Conservatives for quite a while now, your prerogative of course. I could be wrong but that’s what I think

Please stop playing the running down women card too, unless you can find some other posts where you think I have done this. Disagreeing with you does not mean I am running down women, oh and disliking MM has nothing to do with her being female either

 

[Bozza]

We have over 2000 power stations which are not totally reliant on gas.

https://electricityproduction.uk/plant/

I'm not sure most of us would classify many of those as "power stations" in the traditional sense. Regardless it's not the number, it's what they can generate...

55 of those power stations are gas, with a capacity of 29.92 GW.

Your "over 2,000" also includes the likes of wind and solar farms. They alone total 1,950 "power stations", but are capable of generating only slight more energy than the 55 gas power stations, with 31,87 GW.

 

[beorhthelm]

We have over 2000 power stations which are not totally reliant on gas.

https://electricityproduction.uk/plant/

right now our main renewable energy sources are Wind 1.5% & Solar 18.5%. that wind number can get up to 30 odd, trouble with bright sunny days is they tend to be high pressure and little wind. and obviously from evening the solar will drop off. when these sources are absent, we turn to gas. every kW of renewable has to be backed up by gas as the most suitable source to turn on/off on demand (hydro is good for short spells too).

 

[Thunder Bolt]

right now our energy is sources are Wind 1.5% Solar 18.5%. that wind number can get up to 30 odd, trouble with bright sunny days is they tend to be high pressure and little wind. and obviously from evening the solar will drop off. when these sources are absent, we turn to gas. every kW of renewable has to be backed up by gas as the most suitable source to turn on/off on demand (hydro is good for short spells too).

It will also help to restore the gas storage facility which Truss allowed to be closed down.

 

[pb21]

right now our main renewable energy sources are Wind 1.5% & Solar 18.5%. that wind number can get up to 30 odd, trouble with bright sunny days is they tend to be high pressure and little wind. and obviously from evening the solar will drop off. when these sources are absent, we turn to gas. every kW of renewable has to be backed up by gas as the most suitable source to turn on/off on demand (hydro is good for short spells too).

Link here, with current and historical data for those interested:

https://grid.iamkate.com/

 

[KZNSeagull]

I saw that earlier and thought t was all a bit hand-wavy vague - not the specifics I was expecting from a much-heralded "fully-costed plan".

That aside though, are the numbers out of date already? That article is dated 14th August so, presumably, was worked on in the days/weeks ahead of that. Today's cap rise takes the average UK household annual energy bill up from £1,971 to £3,549 - a rise of £1,578 which has me scratching my head slightly about whether both aspects of this can be correct as of today, not to mention the currently forecasted sharp spike in January:

"Keir Starmer says Labour wouldn’t let people pay a penny more on their fuel bill this winter as party unveils plan to save typical family £1,000"

Given much of the winter takes place from January, it feels like a typical family would need to be saving £2,000 each, if not more.

The Tariff Deficit Plan as proposed by the energy companies which freezes the tariff at the current or just above price for 2+ years is likely to cost £100bn, so I suspect this Labour plan is only costed for this current winter and is based on out of date data, as the governments £30bn package already announced is also based on out of date data.

 

[Neville's Breakfast]

We have over 2000 power stations which are not totally reliant on gas.

https://electricityproduction.uk/plant/

But around 23 million homes with gas boilers…

 

[Bozza]

We're currently paying £257 per month for dual-fuel.

Hot water and heating are gas, with electricity for everything else.

With today's 80% price cap increase, that looks set to jump to c£460 per month, or £5,500 per year. Our house isn't large, there are only three of us and I would have put us as relatively low-energy users, but we seem to be way above average, given the quoted "typical bill of £3,549" we're hearing so much about today.

I genuinely don't know why our electricity usage, in particular electricity, is as high as it is. I think I need to pay very close attentio to the smart meter to see what the hell is going on.

 

[BBassic]

I don't know what everyone is worried about. Liz will be along in a few weeks to save us all.

 

[LamieRobertson]

It will also help to restore the gas storage facility which Truss allowed to be closed down.

I’m pretty sure I saw some news earlier this month on the reopening of previously closed storage facilities ..if so let’s hope it isn’t off in the distant future

 

[Neville's Breakfast]

We're currently paying £257 per month for dual-fuel.

Hot water and heating are gas, with electricity for everything else.

With today's 80% price cap increase, that looks set to jump to c£460 per month, or £5,500 per year. Our house isn't large, there are only three of us and I would have put us as relatively low-energy users, but we seem to be way above average, given the quoted "typical bill of £3,549" we're hearing so much about today.

I genuinely don't know why our electricity usage, in particular, is as high as it is. I think I need to pay very close attentio to the smart meter to see what the hell is going on.

Yep, they seem like crazy numbers. Do you submit regular meter readings ? Is £257 actual usage or a direct debit ? There are only two of us but we are paying £181 a month on dd for a similar set up re gas and electricity. The actual bill is around £85 so we are building a sizable surplus at the moment.

 

[cjd]

Anyone know why Sky TV is total coverage on this subject and the online BBC is giving tiny coverage to the problems...

 

[LamieRobertson]

We're currently paying £257 per month for dual-fuel.

Hot water and heating are gas, with electricity for everything else.

With today's 80% price cap increase, that looks set to jump to c£460 per month, or £5,500 per year. Our house isn't large, there are only three of us and I would have put us as relatively low-energy users, but we seem to be way above average, given the quoted "typical bill of £3,549" we're hearing so much about today.

I genuinely don't know why our electricity usage, in particular, is as high as it is. I think I need to pay very close attentio to the smart meter to see what the hell is going on.

That does seem high..check for power cables running next door!

On a serious note hope your use of the smart meter is a positive one

 

[LamieRobertson]

Anyone know why Sky TV is total coverage on this subject and the online BBC is giving tiny coverage to the problems...

Bbc radios Wake Up To Money has been covering it almost every day for months

 

[TomandJerry]

https://twitter.com/jrf_uk/status/1...ost-of-living-royal-mail-strike-business-live

https://twitter.com/jrf_uk/status/1...ost-of-living-royal-mail-strike-business-live

Sent from my Pixel 6 using Tapatalk

 

[Bozza]

Yep, they seem like crazy numbers. Do you submit regular meter readings ? Is £257 actual usage or a direct debit ? There are only two of us but we are paying £181 a month for a similar set up re gas and electricity. The actual bill is around £85 so we are building a sizable surplus at the moment.

That's our current direct debit amount which, like most I imagine, is set to build a balance over the summer to cover the increased energy consumption in the winter. At the current time we're about £650 in credit. I'm not unhappy about it working like that - it always seems to roughly level out or the DD gets adjusted if required.

Mrs B submits frequent readings and/or they are taken from the smart meter so our actual consumption is regularly tracked.

Our house does have a lot of lightbulbs, I guess - inherited from the previous owners. Our lounge, for example, has three wall fittings, each with two bulbs. There's no ceiling fitting. Will these be using much energy, for example? Presumably if we took one bulb out of each, lighting the lounge would use exactly half the energy it does currently.