Energy news in general

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/82131596#Comment_82131596

 Oh and tracker gas is 10.29p tomorrow - Southern England 😮

Scot_39

10.3p - the ceiling set by the EPG discounting at the peak of the Ukraine Crisis iirc.

But the actual raw costs went over 17p on the cap 3m filter so the actual peak even higher.

Look at the site for the above gas graph - and then expand it out to 5 years - and you will see even 200p/therm isnt that high in a true crisis.

edit the big spike upto over 600p/therm in mid August 2022 iirc was when Russia announced a 3 day outage on their gas pipeline NordStream 1.

silverwhistle

https://forums.moneysavingexpert.com/discussion/comment/82131596#Comment_82131596

Of course, but the usage for that isn't increasing is it? I know one of the main drivers for that is people cutting back due to cost, but efficiency improvements and the move to heat pumps is also playing a part, and the increase in gas prices can only help the latter.

I'm going to get a heat pump soon although as a low gas user, 2100kWh last year, I won't make much difference! A local small infill of a dozen social housing units to high insulation standards is heat pump and they've saved themselves the cost of a gas connection, and the residents a gas standing charge.

As this move to heat pumps continues, and it will undoubtedly strengthen as the market matures, you're going to have the issue of transmission costs falling on fewer customers. Even now my gas SC is almost 50% of my bill. You talk about service charges for electricity customers but these will actually be going down as a proportion of the bills as overall electricity demand increases (heat pumps and EVs) and is spread over a greater number of units. Also gas transmission has continuing costs for pumping the stuff around. Although the grid needs investment after years of under investment electricity does not have these running costs involving burning more gas to fuel transmission.

debitcardmayhem

Up 4+% on gas at 1400 today.

Scot_39

There's a line in a BBC article - saying one large 6 supplier EOn - forecasting an 18% rise in Jan.

And thats echoed on the MSE fix or not choice table of cap predictions - which currently sits at 18.7% - from 3 of the Big 6 averaged.

https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/

1 January 2027 to 31 March 2027 Crystal ball-gazing (2)	UP 18.7% £2,046 a year

(2) The average is calculated according to the latest predictions (on week beginning 7 September 2026) from EDF, British Gas, and E.on Next.

Just as well some of the shops are getting their winter thermals in - I suspect I might be upgrading a thickness or doubling up on my normal thin ones this winter.

Now what did i do with the fingerless gloves for long sessions on the keyboard at 14-15c ?

The_Groat_Counter

https://forums.moneysavingexpert.com/discussion/comment/82132376#Comment_82132376

Ouch. This could be something of a tough winter to come.

JKenH

Andy Burnham to cut energy bills by up to £200 for benefits claimants

Andy Burnham is to cut up to £200 off benefits claimants’ energy bills this winter as the Iran war sends gas and fuel prices surging.

The support scheme, called the Energy Price Protection Payment (EPPP), is “ready” to be implemented in January, according to industry insiders. It would aim to mitigate some or all of the impact of the rise in energy prices.

It could be announced as soon as the Budget on Oct 28, or potentially in late November when the next energy price cap adjustment is confirmed.

No final decision has been made yet on whether to proceed with the EPPP or how much the support will be worth.

It would apply to people who already receive the Warm Homes Discount as well as some others deemed in need of support.

To receive the discount, a claimant must be in receipt of benefits. But sources said the support was poorly targeted and did not cover another estimated 2.5 million extra households who were still classed as being in fuel poverty.

Hopefully you can access the article from the link below

https://www.telegraph.co.uk/gift/3f72bf5779e24558

Scot_39

£200 and benefits only.

Disappointing but sadly not unexpected.

Sounds like more typically blunt hard cliff edge civil service benefits office group think. The result - save just a little and try do the right thing - so just above benefit cut offs - and you end up getting no help.

And at £200 - mere fraction of the help given to struggling households - many not on benefits - during Ukraine crisis peak.

Half for instance the last govts EBSS £400 payments.

And who is paying for it - bearing in mind WHD comes from our bills - via unit rates not SC since April.

At 2022 tdcvs the Oct cap would be pushing the psychological £2000 mark - £100+ over on "standard credit".

Getting closer to EPG peak protection in terms of rates - c33.4p sr and c10.3p gas iirc already. (I believe Octopus gas tracker already hit that level )

And before that we had the targetted council tax rebate £150 (band D and below??)

And as well as EPG - also many had the EBSS £400. So in reality over winter the true cap at tdcv more like £2100. So by Oct many will already be at same effective unit rste costs - low users especially..

And for low users like me (not by choice but affordability) - EBSS on top of EPG made the crisis peak 22/23 winter cheaper than the one after if not all since.

If Suppliers predictions of 18.7% according to MSE true - Jans cap at old tdcvs nearer £2400 - and dangerously close - likely again over for "standard credit" the old EPG £2500 cap. So unit rates similar / over unit rates then

And certainly well over the defacto £2100 equivalents. Especially true of course for low users.

No ones saying millionaires need help - but plenty not on benefits are likely to - with unit rates climbing significantly (hidden from headline cap headlines in ££££s by tdcv cuts) .

debitcardmayhem

You can't make it up can you, Trump tells Ukraine not to attack Russian oil facilities, hitting diesel is hurting the world. How does that compare with what he is doing in the middle east, oh and aren't there supposed sanctions on Russia?

QrizB

Radio 4 "You and Yours" are discussing energy bills right now, if anyone wants to tune in.

It'll be here once the shows over:

https://www.bbc.co.uk/sounds/brand/b006qps9