Energy news in general

brewerdave

sienew said:

spot1034 said:

Spies said:

Wouldn't the fairest way to do it to be to apply a credit per unit rate to bring what everyones paying in to line? That way people who fixed won't be penalised? 

That sounds a fair idea, but it doesn't address the issue that fixed customers have been overpaying in the run-up to October, which most will only have been doing in anticipation of gaining after that date. 

I find it very hard to imagine they'll do anything at all for people who have been over-paying previously. The best I'd expect if I was in such a situation was a waving of exit fees so you can move to the new SVT.

I'd regard that as an acceptable solution - yes ,"lost" out for a few months but allowed out of the fix with no penalty.

The_Green_Hornet

The media are now reporting that the freeze will be for 18 months so it will end just before the next general election.

Spies

spot1034 said:

Spies said:

Wouldn't the fairest way to do it to be to apply a credit per unit rate to bring what everyones paying in to line? That way people who fixed won't be penalised? 

That sounds a fair idea, but it doesn't address the issue that fixed customers have been overpaying in the run-up to October, which most will only have been doing in anticipation of gaining after that date. 

I don't think you could retrospectively apply it, as it would get complicated, also the last few months are typically the lowest for energy so there's no great loss. 

brewerdave

Spies said:

spot1034 said:

Spies said:

Wouldn't the fairest way to do it to be to apply a credit per unit rate to bring what everyones paying in to line? That way people who fixed won't be penalised? 

That sounds a fair idea, but it doesn't address the issue that fixed customers have been overpaying in the run-up to October, which most will only have been doing in anticipation of gaining after that date. 

I don't think you could retrospectively apply it, as it would get complicated, also the last few months are typically the lowest for energy so there's no great loss. 

Just calculated my expected "loss" up to 1st October by comparing SVT vs the fixes I took out - comes to £113 so not insubstantial but I'd probably live with that if the exit fees were waived.

sienew

nekr0mantik said:

bristolleedsfan said:

https://twitter.com/MrHarryCole/status/1567089529881874433

JUST IN: Despite speculation/mischief-making to contrary, Truss bailout is not a loan scheme that will see higher bills in future to pay it back. Multiple sources from govt and industry saying it will come from taxation/borrowing.

Paid back via taxation lol

She said she will decrease taxes not increase so has she already u turned 

That is assuming we pay off our debts, which we don't. The debt just keeps rising, we might pay back £1 but borrow £2 more.

*until the house of cards eventually collapses of course

m_c_s

- freeze will be at around £2,500
- but £400 universal handout remains so that's why there are suggestions it's at roughly maintained at the £1,971 current rate
- paid for by borrowing so added to national debt. No plan to claw back thru energy bills.

Mstty

m_c_s said:

- freeze will be at around £2,500
- but £400 universal handout remains so that's why there are suggestions it's at roughly maintained at the £1,971 current rate
- paid for by borrowing so added to national debt. No plan to claw back thru energy bills.

Source? Or just your thoughts?

artyboy

With all this "policy focus group by media" nonsense, Im almost surprised no one has suggested that anyone on a good fix below cap rates should be taxed extra to bring us up to the current cap...

GingerTim

Mstty said:

m_c_s said:

- freeze will be at around £2,500
- but £400 universal handout remains so that's why there are suggestions it's at roughly maintained at the £1,971 current rate
- paid for by borrowing so added to national debt. No plan to claw back thru energy bills.

Source? Or just your thoughts?

Times journalist, it seems

https://twitter.com/Steven_Swinford/status/1567107440436453376?ref_src=twsrc%5Etfw

Mstty

Thanks Auburn Timothy @GingerTim