[News] The Energy crisis

[A mex eyecan]

Got my new energy hike from E-on Next today.
My gas and electric price going up an extra £1112.51 a year in April.

mines £1421.20

says you can fix at that!
i’d thought i’d tough it out, but with Putin and his dream of world domination heaven knows where the increases go to over the next couple of years

 

[SIMMO SAYS]

mines £1421.20

says you can fix at that!
i’d thought i’d tough it out, but with Putin and his dream of world domination heaven knows where the increases go to over the next couple of years

I've just put my Albion winter coat on

 

[Nobby Cybergoat]

Got my new energy hike from E-on Next today.
My gas and electric price going up an extra £1112.51 a year in April.

I'm with Eon and mine's only increasing by just under £700. Guess that makes me the winner?

 

[BBassic]

Just checked my Bulb account and they've not taken a reading since 10th Feb so heaven knows what sort of bill I'll be getting through.

 

[deletebeepbeepbeep]

Mine has gone up £350, 2 of us in a 2 bed flat on SSE.

 

[SIMMO SAYS]

I'm with Eon and mine's only increasing by just under £700. Guess that makes me the winner?

Wife & two daughters spend hours in the shower
Heating on and windows open

 

[Mileoakman]

We've been on a fixed rate with EDF for the last 3 years which runs out in June. At the moment we pay £120 per month for electricity, (were all electric), but looking at the current rates being advertised I reckon my bill will almost treble to over £300 when it ends.

The only thing that gives me a warm feeling at the moment is that when I switch on my heating or turn on the oven it must be costing EDF a fortune!

Sent from my SM-G781B using Tapatalk

 

[A mex eyecan]

We've been on a fixed rate with EDF for the last 3 years which runs out in June. At the moment we pay £120 per month for electricity, (were all electric), but looking at the current rates being advertised I reckon my bill will almost treble to over £300 when it ends.

The only thing that gives me a warm feeling at the moment is that when I switch on my heating or turn on the oven it must be costing EDF a fortune!

Sent from my SM-G781B using Tapatalk

why don’t you use lots and lots now, then you won’t need to use so much when it gets expensive

 

[Audax]

Just had mine through ... they're quoting expected increase of £978 per year.

 

[WATFORD zero]

Additional £750 and £600 per year on the two accounts I have.

 

[Gabbafella]

I feel like we've got off lightly compared to some on here, Scottish Power upping ours by £325 in April but said they will up it again in October. Thieving *****.

Had an email from the bus company saying their prices are going up 12% as well. Everyone is trying to take the piss at the moment.

 

[Soton Seagull]

Nice note from British Gas earlier, just the 54% increase.

Naturally I'm sure they will be quick to pass on reductions in wholesale cost if they eventually arrive!

 

[TomandJerry]

Household energy bills could top £3,000 a year in England, Wales and Scotland from October, in part due to the Ukraine crisis, a report has warned.

The bank Investec said the conflict, along with surging global demand, had made gas and electricity prices soar.

It expects the energy price cap, which limits what suppliers can charge, to hit £3,238 a year for the average home when it's next adjusted in October.

The cap is already due to rise by £693 to £1,971 in April.

Sent from my Pixel 6 using Tapatalk

 

[nicko31]

Time to insulate like crazy, we could easily be looking at £3500 annual bills by the Autumn.

Thank god we banged up all those protesters

 

[southstandandy]

Good job it's so mild. We've only needed the heating on for 3 days this winter. Thankful for small mercies.

 

[herecomesaregular]

Ouch. My fixed contract (i have electricity only) is ending mid April. Last year's cost was £440 on 2nd year of a 2 year fixed deal. Next 2 year fixed is projected at £1400 per annum, just over a grand increase

I'm assuming it is still worth taking a 1 or 2 year fixed deal now to start mid April than wait and see on a variable? That's my thinking anyway.

I shall be doing all my washing and having a bath the couple of days before the change...

 

[LamieRobertson]

Time to insulate like crazy, we could easily be looking at £3500 annual bills by the Autumn.

Thank god we banged up all those protesters

Oh you mean the same ones some of whom hadn’t insulated their own homes

 

[nicko31]

Oh you mean the same ones some of whom hadn’t insulated their own homes

Yes, if they want to save themselves a few quid

 

[Audax]

I'm assuming it is still worth taking a 1 or 2 year fixed deal now to start mid April than wait and see on a variable? That's my thinking anyway.

As it stands today, the variable is the cheapest option. Many suppliers don't even offer a Fixed option. However: the expectation is that when the price cap gets reviewed and reset again from 1st October that there will be another massive increase (I was told 47% yesterday...). If you can get hold of a fixed price product with a long enough term, you'll pay more in the short term but be gambling on the variable increasing to a lot more later on and as a result paying less over the full term.

 

[nicko31]

As it stands today, the variable is the cheapest option. Many suppliers don't even offer a Fixed option. However: the expectation is that when the price cap gets reviewed and reset again from 1st October that there will be another massive increase (I was told 47% yesterday...). If you can get hold of a fixed price product with a long enough term, you'll pay more in the short term but be gambling on the variable increasing to a lot more later on and as a result paying less over the full term.

Today gas price equates to about 37p/kw elec (wholesale), that's about 5 times pre-crisis level. 30p retail today could soon be 50p

We'll need a windfall tax on the "struggling" producers it just can't go on. The perfect opportunity for a massive insulation drive, UK gov just hoping the problem goes away. It won't...