Energy bills from April ‘22 are gonna be huuuge

Streaky_Bacon

With electric, we need more renewables and more load balancing storage. A nice infrastructure project that actually makes sense.

I hopefully have an electric fixed tariff for a couple of years ("hopefully" because I am still waiting to see if my switch from Green to Sainsbury's goes through).

I'll be on a price capped SVR for gas from January, and the heating is going off from April, even if Jack frost is still nipping. Jumpers all round!

tghe-retford

bagand96 said:

tghe-retford said:

QrizB said:

Article in The Times this morning suggested the recent supplier failures will add £30 to the average annual bill, from April.

Commentators for this Daily Mail article have got the answer - the way we can save £30 from every bill... Confiscate credit balances and evenly distribute responsibility for all the debts accumulated from the failed supplier on all their customers for the administrator to collect under threat of bailiffs and debt collection. A good few commentators thinking that will teach MSE followers who sought the cheapest prices. I've played devils advocate but I don't think I will get anyone to change their mind on that ruinous suggestion. I fear a narrative is being crafted to blame price hikes on cheapskate, reckless customers as opposed to other reasons.

Source (so you can see for yourself): https://www.dailymail.co.uk/news/article-10037089/Families-face-footing-820m-bill-gas-crisis.html

Seems a rather socialist solution for readers of that publication! 

Just the customers of the failed companies would have to suffer the losses. They don't want to go full socialist and get everyone to pay for the failed companies as it is now, that would affect them personally, share the pain equally and allow us all to be in this together. Save £30 and punish the "cheapskates" because they have the gall to search for a cheaper tariff.

I left a message to all of them collectively as a whole that jealousy is a cruel mistress and envy is not a good look. As I haven't been banned for offending them yet, I probably now have the most downvoted comment in their history. Uncomfortable truths have a habit of doing that.

daaave

Gas prices up again to all time highs;

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705&span=1

Wholesale prices now ~525% higher than last year. When ofgem announces the April cap there’s gonna be proper fireworks.

BikingBud

Streaky_Bacon said:

With electric, we need more renewables and more load balancing storage. A nice infrastructure project that actually makes sense.

I hopefully have an electric fixed tariff for a couple of years ("hopefully" because I am still waiting to see if my switch from Green to Sainsbury's goes through).

I'll be on a price capped SVR for gas from January, and the heating is going off from April, even if Jack frost is still nipping. Jumpers all round!

A proper infrastructure project that adds benefit for all rather than a vanity project like HS2?