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News: Energy bills to rise by £700/yr for many | Chancellor unveils up to £350 households support

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  • wrf12345
    wrf12345 Posts: 893 Forumite
    Sixth Anniversary 500 Posts
    On the upside, the £200 loan will cover the increase in s/c's and next year I get the £200 winter fuel payment, which hopefully will go up a bit to cover the £40 loan payback and s/c increase BUT basically, in my case, it is govn money going straight into the greedy hands of the energy companies. The net £120 council bill payback will probably cover the increase in the actual cost of gas/electric as I am a low user.

    Next year the govn needs to cut council tax by £500 and then freeze it. And as soon as energy prices fall, standing charges need to be eliminated whilst payment for new solar installations need to be much higher than 5p kwh
  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    And what council services would you like to cut to make up for the shortfall?
  • Aauk25
    Aauk25 Posts: 58 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    edited 5 February 2022 at 12:04PM
    Any experts help me out here, im currently paying £1300 a year and fixed rate ends this month. I have been offered  a 1 year exclusive by Scottish Power which works out £2200 a year fixed till June 2023. Im tempted to switch, im an average user.

    any suggestions? 

    Thanks 

    Electricity 

    New.                                Current
    Standing charge
    21.64p.                             19.31
    Primary unit rate
    27.02p.                              15.35


    ) Gas

    New
    Standing charge
    21.64p.                               19.31
    Primary unit rate
    7.18p.                                  2.88

    14500 Gas and 3900 Electricity Average annual usage
  • I get £140 (to be raised to £150) Warm Homes Discount - already
    In addition - in the Autumn - an additional £300 - things dont look as bad as predicted

    If I was half as smart as I think I am - I'd be twice as smart as I REALLY am.
  • I get £140 (to be raised to £150) Warm Homes Discount - already
    In addition - in the Autumn - an additional £300 - things dont look as bad as predicted
    That all has to be paid for, which means increased borrowing, increased taxes or reductions in spending elsewhere, it is a pretty poor deal for the country.
  • Aauk25
    Aauk25 Posts: 58 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    I get £140 (to be raised to £150) Warm Homes Discount - already
    In addition - in the Autumn - an additional £300 - things dont look as bad as predicted
    But that is £450 less what was previously in your pocket 
  • Aauk25
    Aauk25 Posts: 58 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    edited 5 February 2022 at 12:03PM
    Aauk25 said:
    Any experts help me out here, im currently paying £1300 a year and fixed rate ends this month. I have been offered  a 1 year exclusive by Scottish Power which works out £2200 a year fixed till June 2023. Im tempted to switch, im an average user.

    any suggestions? 

    Thanks 

    Electricity 

    New.                                Current
    Standing charge
    21.64p.                             19.31
    Primary unit rate
    27.02p.                              15.35


    ) Gas

    New
    Standing charge
    21.64p.                               19.31
    Primary unit rate
    7.18p.                                  2.88


    Should I switch or stay put?

    my usage on average is 

    14500 Gas and 3900 Electricity
  • Aauk25 said:
    Aauk25 said:
    Any experts help me out here, im currently paying £1300 a year and fixed rate ends this month. I have been offered  a 1 year exclusive by Scottish Power which works out £2200 a year fixed till June 2023. Im tempted to switch, im an average user.

    any suggestions? 

    Thanks 

    Electricity 

    New.                                Current
    Standing charge
    21.64p.                             19.31
    Primary unit rate
    27.02p.                              15.35


    ) Gas

    New
    Standing charge
    21.64p.                               19.31
    Primary unit rate
    7.18p.                                  2.88


    Should I switch or stay put?
    No one can tell you without usage figures.
  • Aauk25
    Aauk25 Posts: 58 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    Aauk25 said:
    Aauk25 said:
    Any experts help me out here, im currently paying £1300 a year and fixed rate ends this month. I have been offered  a 1 year exclusive by Scottish Power which works out £2200 a year fixed till June 2023. Im tempted to switch, im an average user.

    any suggestions? 

    Thanks 

    Electricity 

    New.                                Current
    Standing charge
    21.64p.                             19.31
    Primary unit rate
    27.02p.                              15.35


    ) Gas

    New
    Standing charge
    21.64p.                               19.31
    Primary unit rate
    7.18p.                                  2.88


    Should I switch or stay put?
    No one can tell you without usage figures.
    14500 Gas and 3900 Electricity, will update my original thread too.
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