Energy news in general

Xbigman

If its literally a loan and not some sort of rebate scheme I'd like to tell them I don't want it. Lending energy companies money to run a rebate scheme where its not linked to individuals is what I thought we were talking about. An individual loan scheme is just debt. It might be valuable to some to help with budgeting but not to me, I'd rather not owe the money in the first place and just pay my way.

As for the £150 CT rebate, well yes I'm on a low income but I'm a low user of everything including energy. The gain for me is disproportionate. That said, I can't think of how I might have done it better. 


Darren

markin

emmajones1976 said:

As of 7am this morning Eon Next are still offering a fix for electric that raises prices around 35% from the current cap, with no exit fees. Worth putting yourselves on it because surely that gets pulled if the increase is 50% at 11am.

These are under the cap?

"From 1 April the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 28p per kWh for electricity customers and 7p per kWh for gas customers"

Next Online v9 Direct Debit Version

Unit rate	26.19 p/kWh
Standing charge	43.01 p/day

 Next Flex– Direct Debit version

Unit rate	20.08 p/kWh
Standing charge	26.82 p/day

Next Flex– Payment on receipt of bill version

Unit rate	21.15 p/kWh
Standing charge	31.55 p/day

Next Flex Prepayment Version

Unit rate	19.73 p/kWh
Standing charge	31.18 p/day

brewerdave

Very interesting on BBC this am - they cornered the Chief Exec of EON who finally said that they would NOT be taking customers to Court in the event of inability to pay. Bet that caused a few shudders in EON House !!

QrizB

brewerdave said:

Very interesting on BBC this am - they cornered the Chief Exec of EON who finally said that they would NOT be taking customers to Court in the event of inability to pay. Bet that caused a few shudders in EON House !!

Court is expensive. I guess they'll switch them to pre-pay if they remain customers, or sell the debt to collection agencies if they leave.

markin

https://www.dailymail.co.uk/money/bills/article-10490307/The-ultimate-beat-energy-bills-crisis-survival-guide.html

bristolleedsfan

https://news.sky.com/story/ofgem-faces-legal-hearing-over-bust-energy-suppliers-millions-12543551

QrizB

Here's some good(ish) news for a change

It's a while since I've checked gas futures at The ICE but they've moderated somewhat; between 160-170p/therm (about 5.5p/kWh) through the year to September, then 170-180p/therm (about 6p/kWh) through the winter to March 2023.

Also, Nordpool has the cheapest "working weekday" electricity of the year tomorrow, averaging 12p/kWh.

wakeupalarm

@QrizB When the April cap was announced it was reported the October cap would probably increase by 20%. Considering the October cap will be based on February-July months, how did they know it would be 20% higher?  Is the current price of 170-180p/therm,  20% higher then the average from August-January according to your figures. So averaging 140-150p/therm?

Gerry1

bristolleedsfan said:

https://news.sky.com/story/ofgem-faces-legal-hearing-over-bust-energy-suppliers-millions-12543551

Well, at least there was a glimmer of good news in that report: "Some industry observers now expect the government to seek to reform or abolish Ofgem in its current form ahead of the next general election."

savers_united

QrizB said:

Here's some good(ish) news for a change

It's a while since I've checked gas futures at The ICE but they've moderated somewhat; between 160-170p/therm (about 5.5p/kWh) through the year to September, then 170-180p/therm (about 6p/kWh) through the winter to March 2023.

Also, Nordpool has the cheapest "working weekday" electricity of the year tomorrow, averaging 12p/kWh.

Not long now hopefully we will start to see some fixes coming through below the new cap.

If the rest of winter remains fairly mild, Russia stay out of Ukraine and Global storage increases alongside NS2 getting approval then It could be a welcome combination leading to an easing of prices. I would have thought Russia and others have now made up for losses incurred during 2020 at the height of the pandemic and not to lose customers in Europe may be open to a lowering of prices and increase of supply to keep LNG cargos away from Europe. 4p per kwh of Gas would have seemed very expensive 18 months ago but a drop back to those levels on a fixed deal would be more than welcome.