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

[Official Old Man]

I really feel for those pensioners who've worked hard all their lives for a nice retirement.
I'm lucky, still got a business and a big house with no mortgage.
But had I retired as planned last year I'd now have an income of under £7K pension with out goings of rates £3500, power £4000 and The Albion £1000.
For those who have worked hard for that big house but cannot now afford it I feel sorry for them.
And people question why the Leeds game has not sold out.......

 

[raymondo]

There is only one way to stop this utter lunacy; stop paying the bills. No politician, not Sunak, not Starmer and certainly not the mentally defective Liz Truss is going to help us. They do not care. Direct action is what is needed. If people in the U.K. want change they need to take to the streets and demand it. Waiting for our woeful “democratic”’process to change anything is not going to work.

As they have done many times in France

 

[Leekbrookgull]

Does anyone know if hospital's and medical centres get any help with these energy costs which like for some businesses must be phenomenal?

 

[Berty23]

Bbc journo points out…

Holy cow. The folks who predicted the October price cap within 50 quid accuracy now saying price cap will be 5386 in January and 6616 in April. Ofgem boss urging caution on all future estimates but bloody hell…

 

[A1X]

Isn't capitalism great?

 

[Rookie]

I sort of get the increase in the kW price, but in simple terms can someone explain why the standing charge keeps going up?
I’m at a loss as to why the standing charge must be increased every 3 months.

 

[Bold Seagull]

I really feel for those pensioners who've worked hard all their lives for a nice retirement.
I'm lucky, still got a business and a big house with no mortgage.
But had I retired as planned last year I'd now have an income of under £7K pension with out goings of rates £3500, power £4000 and The Albion £1000.
For those who have worked hard for that big house but cannot now afford it I feel sorry for them.
And people question why the Leeds game has not sold out.......

Not sure I feel that sorry for pensioners in big houses to be honest. Given house price rises, if most pensioners are down to just 2 of them living together, sell big house, live in smaller house, live comfortably off the balance or equity release funds? I would have thought all those pensioners who don't own their own home, don't have equity behind them, have limited access to income with the increased costs are the ones to feel sorry for who may well also have worked hard all their lives.

 

[TomandJerry]

In a grim, shocking development, analysts are predicting that average energy bills will rocket to over £6,600 next April.

Energy consultancy firm Cornwall Insight, who have a good track record of predicting the price cap, have released new forecasts following this morning’s announcement from Ofgem.

They now believes the price cap will reach £5,386.71 in January next year, when the cap next changes, before soaring to £6,616.37 in April.

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[pb21]

I sort of get the increase in the kW price, but in simple terms can someone explain why the standing charge keeps going up?
I’m at a loss as to why the standing charge must be increased every 3 months.

I don't think the CS has gone up that much this time:



https://www.ofgem.gov.uk/check-if-energy-price-cap-affects-you

 

[TomandJerry]

Money saving expert Martin Lewis has warned that people will die this winter because they can’t afford to heat their homes, unless the government provides more support with energy bills.

Lewis tells the Today programme that the new price cap, from 1 October, is 37% of the new state pension. It’s a even bigger proportion for those who retired earlier, and for those on universal credit.

Lewis says:

This is a catastrophe, plain and simple. Unaffordable.

Ofgem’s Jonathan Brearley has effectively said that the crisis is now ‘out of our hands, and beyond our power’ when he called for government intervention this morning

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[pb21]

Money saving expert Martin Lewis has warned that people will die this winter because they can’t afford to heat their homes, unless the government provides more support with energy bills.

Lewis tells the Today programme that the new price cap, from 1 October, is 37% of the new state pension. It’s a even bigger proportion for those who retired earlier, and for those on universal credit.

Lewis says:

This is a catastrophe, plain and simple. Unaffordable.

Ofgem’s Jonathan Brearley has effectively said that the crisis is now ‘out of our hands, and beyond our power’ when he called for government intervention this morning

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Because we have a fundamentally flawed Prime Minister having to resign, and two prospective candidates to replace him at each others throats (who are both inclined against government intervention anyway), Government intervention will have to wait.

 

[WATFORD zero]

I've been reliably informed it's all just media scaremongering and people shouldn't panic

Ah I see, so the media are basically terrifying the public by telling everybody "the average house hold will be paying £4,200 a year in January". I dread to think how many old people will die of the cold this winter because of media reporting.

Sky touting another expert forecasting £5000 in January. reached that point of the story cycle that media just pumping it up for the circulation.

That’s utterly disgraceful. Sounds like they are trying to take advantage by locking people on to ridiculous tariffs for lengthy periods of time. That’s actually more than double the scaremongering figures of a few days ago !

Get your Damart order in ahead of the winter curve because thermal long johns are going to be rarer than pasta on the shelves during lockdown, or a Liverpool fan from Liverpool if the scaremongering continues apace.

 

[PILTDOWN MAN]

It's not just those of us worried about the basics of heating and electric, the impact it will have on business has not really begun to happen yet inflation will hit over 20% a huge recession will hit. Meanwhile you have two twats running for PM who have no idea of the real world.

It will lead to massive protests as it should. Due to the complexities of not paying the utilities a better way would be if everyone stopped paying their council tax. That would have a direct action against the state.

Also the main utilities inc water should be re-nationalised and we and the Europeans need to come down on the USA regarding their stance with Iran before Russia and China get all investment there.

 

[Icy Gull]

Does anyone else find it to be next to useless telling us how bills will be XXX more expensive over a year? I may live in a bedsit, you may live in a five bedroomed mansion with a swimming pool. How is anyone supposed to be able to know what the increase is likely to be to them personally with the way the scare mongering prices are being bandied about?

 

[Neville's Breakfast]

I've been reliably informed it's all just media scaremongering and people shouldn't panic

I don’t know why you have quoted me other than to stir up trouble. In my post you have quoted I was responding to the predictions post Christmas not today’s announcement. I was also mainly commenting on the available fixed price tariffs. Our energy supplier Ovo has the same opinion about these as outlined in their e mail this morning ie variable rates with a cap are the best deals you can get. I don’t know why you trawl through past posts looking for who knows what. Please don’t draw me into another one of your score settling episodes. Perhaps you would find this whole message board thing a little easier if you saw it like Instagram rather than Hansard. It’s disposable, not ongoing feuding. Have a nice day.

 

[Si Gull]

Does anyone else find it to be next to useless telling us how bills will be XXX more expensive over a year? I may live in a bedsit, you may live in a five bedroomed mansion with a swimming pool. How is anyone supposed to be able to know what the increase is likely to be to them personally with the way the scare mongering prices are being bandied about?

It seems that the increases in unit costs of energy are too difficult for people to understand. I would have thought describing the increases in percentage terms would make more sense as you can apply that to your own bills. Scary, whichever way.

 

[Hotchilidog]

The public and businesses are being gouged. Governments have to step in, inaction is not an option. Whilst Truss and Sunak waste their time appealing to a tiny number of small minded tory members, Boris winds down with a couple of holidays and a grandstanding trip to Ukraine the British public and small businesses are left facing an absolutely horrific winter.

We can argue about how we came to this later but action is needed now. At the very least the "cap" should stay where it is now, and the energy companies and governments should pay for it for not the energy users.

 

[WATFORD zero]

Does anyone else find it to be next to useless telling us how bills will be XXX more expensive over a year? I may live in a bedsit, you may live in a five bedroomed mansion with a swimming pool. How is anyone supposed to be able to know what the increase is likely to be to them personally with the way the scare mongering prices are being bandied about?

I would have thought by now, most people who have been paying attention would have an idea what their bill is, percentage wise, in relation to the price capped 'average household bill' that was confirmed today (or 'scare mongered' depending on your viewpoint). Or, even simpler, take the percentage increase and apply it to your current annual bill

 

[pb21]

Does anyone else find it to be next to useless telling us how bills will be XXX more expensive over a year? I may live in a bedsit, you may live in a five bedroomed mansion with a swimming pool. How is anyone supposed to be able to know what the increase is likely to be to them personally with the way the scare mongering prices are being bandied about?

Well they are saying what the total amount is for a typical house (~£3,600). they are also reporting the previous amount for a typical house (£1,970) and the %ge increase (80%, which will effectively apply to all bills, more or less), as well as the unit costs in the detail.

TBF I don't think they can be headline reporting every possible combination of dwelling bill, focussing on a typical dwelling seems reasonable.

 

[Super Steve Earle]

Price Cap is a bit of a misnomer now. Completely ineffective tool as it is just a tracker. As for changing it to 3 monthly, I fail to see the benefit to users until prices actually start dropping. Meanwhile the Government remains in a paralysis of it's own making in it's own world of a leadership/PM debate to decide who eventually won't help us at all out of this mess.