Energy news in general

MattMattMattUK

Mstty said:

Martin Lewis just lost a few points this morning.

The energy crisis is not on the scale of the covid pandemic.

With hindsight it does appear that a lot of the reaction to Covid was an overreaction, not the initial lockdown, but the subsequent lockdowns and restrictions dragging on well into 2021 caused the negative impacts, both socially and economically, to be far worse than was needed.

Mstty said:

However I so agree if there is to be some common ground Sunak/Truss and Boris could put something through now

If action were to be taken I do not really understand why there would be any difference between it happening next week, or a few weeks later, so long as it was before the October rise. That being said Boris cannot be bothered to do anything and has no desire to cooperate with Sunak, Truss and Sunak have very different approaches to what to do with the energy situation, with Sunak wanting to help somewhat and Truss not willing to do anything. What happens depends on who wins, but it looks like being Truss so on that basis I would expect no additional assistance.

lisyloo

I guess the difference is the mental health issues of those who are extremely worried about their health and feeding their families.
Not to be dismissed lightly IMO.
I think it’s difficult for people to have confidence in our government that all will be ok.

superkoopauk

This fact this article is "news" is ridiculous.   Of course suppliers are going to put up DD's before October and it would be damn irresponsible of them not to.

https://www.bbc.co.uk/news/business-62494406

gazapc

superkoopauk said:

This fact this article is "news" is ridiculous.   Of course suppliers are going to put up DD's before October and it would be damn irresponsible of them not to.

https://www.bbc.co.uk/news/business-62494406

Just seen this. It is a stupid news article with a misleading headline and will cause needless worry to the public.

Mstty

Of course they will put them up so the people that don't realise what's happening, because they don't want to know, go off and blow it all over Christmas.

Those that know what's happening can switch to whole bill variable DD because they can plan, pay and they know what a kWh costs.

markin

Energy debt is three times higher than last September with 6m behind on bills and households are warned over social media posts on 'gaming the system'       

StartledJesus

Thanks Ofgem for ‘suggesting’ to energy suppliers that there is no reason why they should not increase direct debits prior to the implementation of the October price cap. It has long been apparent where Mr Brearley’s priorities lie. It must be nice and warm living in the pocket of the suppliers. 

Interesting that British Gas has stated that it has no intention of doing so. Well, it HAD no intention, but likely does now…

pochase

Does it really benefit customers if suppliers like EDF who only do a direct debit review every six month would for the reviews happening now to October not take into account the big increase?

Is it really helpful if the customer only starts paying in February for the higher cost, and get even more added to the direct debit because there ise a huge debt that needs to be recovered?

brewerdave

pochase said:

Does it really benefit customers if suppliers like EDF who only do a direct debit review every six month would for the reviews happening now to October not take into account the big increase?

Is it really helpful if the customer only starts paying in February for the higher cost, and get even more added to the direct debit because there ise a huge debt that needs to be recovered?

If EDF jumped into the 21st century and produced bills every month then they could suggest DD adjustments before customers get buried by debt - they actually reset my gas DD in June (still too low for annual use) and keep ignoring meter reads - the message is still we will review in December. Fortunately I can deal with the potential big increase then but ......

pochase

EDF is supposedly going onto the Octopus system, so that will be resolved soon.

That EDF should have a better system does not change my statement that a user will be worse off if they will not include at least parts of the increase into the review.

I am not even sure they will do it, somehow I would be surprised if they do.