It's time to start digging up those Squirrelled Nuts!!!!

michaels

barnstar2077 said:

Am I the only one that hasn't seen all of the doom and gloom over gas prices reflected for them?  I just fixed mine for the next two years, for £3 extra a month.

If someone already has a massive gas bill, then they will obviously see a bigger hike in their bills.  But then surely, most people who live in big houses can find the extra needed.

Are there really people struggling, or is just a good story for the media?

What tariff were you on before?! Our gas supplier failing has pushed our unit price up from 2.15p per kwh to 4.05p under the cap - cheapest fix on offer seems to be about 8p per unit or nearly 4x as much, and our old bill was nearly £1000 pa...  That is just gas and our total household spend in about £32k so finding an extra £3k is I would say not just a rounding error....

MallyGirl

we were on 3.4p variable for gas and managed to get a 2 year fix on 3.96p with Sainsbury's Energy (EOn) just before the small companies started folding. That rate isn't available now - it has gone up to 9.26p! Standing charge for gas has also gone up from 19.2p/day (our fix) to 37p/day (fix available today).

zagfles

The price cap seems to be about the best you can get these days, about 4p/kwh for gas and 20p for electric with a SC of about 25p/day each. I don't know who's signing up to these fixed rates at double the price!

Sea_Shell

Although I know exactly where we stand with our tariff, usage and DD, I'm having great fun (not) getting an actual bill for our gas from E.on!!  We were due a duel fuel bill end of September, which was never raised.

I've asked 3 times now, and I get sent a revised electric bill... but no gas.

They have all the readings, and have confirmed they have the correct meter registered.

I think the installation of the new meter with 00000 reading has thrown their system into meltdown, despite me providing an up-to-date reading for the old meter, on the day it was removed, and for which I have had a bill.

Customer services is no doubt swamped with all their newly acquired customers now.
☹️

handful

Stubod said:

Sea_Shell said:

Personally, I'm more worried about the knock on inflationary pressures high fuel costs will put on everything!!

..yep, I don't think most people have cottoned on to this yet. After a relatively long run of low inflation I suspect we have now entered a period of much higher inflation. eg the Gov have stated that they want businesses to increase wages to replace the drop in universal credit, and they also want the country to be a "high wage" country and I assume this will have to be paid for in increased prices across the board?..probably OK if you are lucky enough to be on an index linked pension?

At least SP is index linked!

Stubod

handful said:

At least SP is index linked!

..which is great if you can live off that alone?..the way things are going it may just cover your council tax and electric!

arnoldy

Stubod said:

..yep, I don't think most people have cottoned on to this yet. After a relatively long run of low inflation I suspect we have now entered a period of much higher inflation. eg the Gov have stated that they want businesses to increase wages to replace the drop in universal credit, and they also want the country to be a "high wage" country and I assume this will have to be paid for in increased prices across the board?..probably OK if you are lucky enough to be on an index linked pension?

So basically pretty much only Government (Public Sector) pensions. Virtually every private sector DB will have caps at 2.5% and 5%, and that's if the sponsoring company can afford a level of surplus - usually 105%. In some respects private DBs can be worse than DCs in high (>5%) inflation - at least the DCs have a chance of keeping up with inflation, private DBs will be guaranteed to loose value.

Ganga

I am sure some of the energy companies have in their terms and conditions that even fixed rates can go up if their costs go up beyond a certain point.

barnstar2077

michaels said:

barnstar2077 said:

Am I the only one that hasn't seen all of the doom and gloom over gas prices reflected for them?  I just fixed mine for the next two years, for £3 extra a month.

If someone already has a massive gas bill, then they will obviously see a bigger hike in their bills.  But then surely, most people who live in big houses can find the extra needed.

Are there really people struggling, or is just a good story for the media?

What tariff were you on before?! Our gas supplier failing has pushed our unit price up from 2.15p per kwh to 4.05p under the cap - cheapest fix on offer seems to be about 8p per unit or nearly 4x as much, and our old bill was nearly £1000 pa...  That is just gas and our total household spend in about £32k so finding an extra £3k is I would say not just a rounding error....

I am with Eon, and just chose the fixed rate for two years option.  I didn't pay any attention to how much it is per kw etc, as it calculates how much your predicted bill will come to with the new tariff based on the previous years usage, and you just say if you are happy to switch or not.  My gas is about £30 a month normally, so a ten percent increase is pretty easy to swallow for me.  I had no idea some people were paying four times as much as their previous rate.  That feels almost criminal!

michaels

barnstar2077 said:

michaels said:

barnstar2077 said:

Am I the only one that hasn't seen all of the doom and gloom over gas prices reflected for them?  I just fixed mine for the next two years, for £3 extra a month.

If someone already has a massive gas bill, then they will obviously see a bigger hike in their bills.  But then surely, most people who live in big houses can find the extra needed.

Are there really people struggling, or is just a good story for the media?

What tariff were you on before?! Our gas supplier failing has pushed our unit price up from 2.15p per kwh to 4.05p under the cap - cheapest fix on offer seems to be about 8p per unit or nearly 4x as much, and our old bill was nearly £1000 pa...  That is just gas and our total household spend in about £32k so finding an extra £3k is I would say not just a rounding error....

I am with Eon, and just chose the fixed rate for two years option.  I didn't pay any attention to how much it is per kw etc, as it calculates how much your predicted bill will come to with the new tariff based on the previous years usage, and you just say if you are happy to switch or not.  My gas is about £30 a month normally, so a ten percent increase is pretty easy to swallow for me.  I had no idea some people were paying four times as much as their previous rate.  That feels almost criminal!

Well prices are basically being determined in Russia, possibly by Putin - so criminal might be the right word!