Energy news in general

Sea_Shell

Another thought...

Will the additional SoLR charges be passed on to us all via the standing charge, unit cost or a bit of both?

Is an increased SC the only way to "guarantee" they get paid (their pound of flesh)...in case we all decide (or have to) sit in the cold and dark and use less units than they've anticipated?

Just thinking out loud 😉

[Deleted User]

Apparently Mr Kwarteng is not happy with the Storm response of DNO Northern Powergrid, which is a bit ironic really. Is anyone happy with the performance of Mr. Kwarteng? Regarding anything? 

[Deleted User]

Charity Citizen’s Advice not at all impressed with Ofgem, and gives it a right towelling in a recent report. I tend to agree.

https://www.yourmoney.com/household-bills/ofgem-failed-to-act-against-unfit-energy-suppliers/ 

[Deleted User]

Thanks ITV, that’s made my weekend. We’re gonna be squeezed until the pips squeak.

https://www.itv.com/news/2021-12-09/household-energy-bills-set-to-rise-by-up-to-900-a-year-in-april 

wild666

£300 that's around 9.78p per kWh on average usage. Someone paying 20p per kWh would see a 50% increase on the kWh usage so any fixed rates could see the price per kWh top 30p. 

wild666

The way things are going with energy suppliers I could see that the only way to decrease usage will be so pull the plug at the socket, especially for those on benefits, sit in the cold or wrap up in coats instead of putting the heating on. Eat more cold meals like salads. 

Energy suppliers, seeing the decrease in usage would put up their prices, even if the energy prices were lower than what they are now. Less demand for the energy means less profit for the suppliers and the only way to see the profit return would be to increase the price per kWh. 

[Deleted User]

I called in to a Wetherspoons pub on Wednesday lunchtime, and it was absolutely full of pensioners, obviously spending the day there. They were keeping warm at the brewery’s expense, and taking advantage of its offer of endless free refills of hot beverages. Who can blame them? 

markin

wild666 said:

The way things are going with energy suppliers I could see that the only way to decrease usage will be so pull the plug at the socket, especially for those on benefits, sit in the cold or wrap up in coats instead of putting the heating on. Eat more cold meals like salads. 

Energy suppliers, seeing the decrease in usage would put up their prices, even if the energy prices were lower than what they are now. Less demand for the energy means less profit for the suppliers and the only way to see the profit return would be to increase the price per kWh. 

Unless they already have the heating at 10c they don't ever have to turn it off, just 21c to 16c would probably do it. And should always heat to at least 6c to not burst pipes

PennineAcute

Sea_Shell said:

Deleted_User said:

BG pledge more money/grants to help those in debt. 

https://www.choose.co.uk/news/2021/british-gas-pledge-more-money-support-customers/

Haven't those at risk of persistent debt on their accounts already been moved onto pre-pay meters? 

Are you able to run up that sort of debt on a pre-pay meter?   Or is it debt that's been carried over?

I know they have an element of emergency credit, but I thought the whole point of them was that you couldn't get into (further) debt, or am I wrong?

My neighbour and I moved to BG Evolve in February, after YE went bust in December last year.  My neighbour (who said he was struggling financially) has only paid the Feb direct debit and no further payment has been made.  Neighbour is currenlly just under £500 in arrears and BGE have done nothing.  How he has slipped under the radar I have no idea, but slipped he has.

Sea_Shell

PennineAcute said:

Sea_Shell said:

Deleted_User said:

BG pledge more money/grants to help those in debt. 

https://www.choose.co.uk/news/2021/british-gas-pledge-more-money-support-customers/

Haven't those at risk of persistent debt on their accounts already been moved onto pre-pay meters? 

Are you able to run up that sort of debt on a pre-pay meter?   Or is it debt that's been carried over?

I know they have an element of emergency credit, but I thought the whole point of them was that you couldn't get into (further) debt, or am I wrong?

My neighbour and I moved to BG Evolve in February, after YE went bust in December last year.  My neighbour (who said he was struggling financially) has only paid the Feb direct debit and no further payment has been made.  Neighbour is currenlly just under £500 in arrears and BGE have done nothing.  How he has slipped under the radar I have no idea, but slipped he has.

Unfortunately they'll probably catch up with him, eventually.

Examples on this forum of debt being actively pursued (mainly by Eon) are increasing as their bottom lines are squeezed.

I'd be surprised if his whole arrears are written off.

He may be eligible for one of those BG grants, but that depends on their criteria and I think (from that article) that it needs to be actively applied for.

In any event, it's not usually a good idea to ignore the issue and hope he remains "under the radar".

The opposite in fact, he needs to be on their radar if he is to be invited to apply for a grant.