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

wrf12345

Most of the money goes to bloated council overhead not services and many things such as social care should be centrally funded and moved to the NHS, which is already going to be funded by NI increase.

QrizB

Aauk25 said:

Should I switch or stay put?

Is there an exit fee? If not, or if it's under say £30 per fuel, I would take the fix.
All parts of that tariff - both unit rates, both standing charges - are lower than the new Ofgem cap.

MattMattMattUK

wrf12345 said:

Most of the money goes to bloated council overhead not services 

No "most" of the money doesn't, some does, most does not.

wrf12345 said:

and many things such as social care should be centrally funded and moved to the NHS, which is already going to be funded by NI increase.

Funding from central government comes from... wait for it... taxation and/or borrowing. The NI rise is nowhere near enough to fund social care, taxes are low in the UK by European standards, that is why their government services are far better than ours. The UK collects a much lower percentage of GDP as tax than any major EU economy,the bottom two thirds of earners in the UK pay the lowest level of income taxation in the EU (the top third pay the fifth highest), our VAT rate is lower than most other EU countries and nearly all of them charge VAT on food. 

The UK is a low tax economy for 75%, that means lower quality services as there is not the tax revenue to fund anything better.

QrizB

wrf12345 said:

Most of the money goes to bloated council overhead not services and many things such as social care should be centrally funded and moved to the NHS, which is already going to be funded by NI increase.

Ok, so we'll fund it with a further hike to NI? That could work so long as we extend NI to unearned income too, and remove the age cap.

Aauk25

QrizB said:

Aauk25 said:

Should I switch or stay put?

Is there an exit fee? If not, or if it's under say £30 per fuel, I would take the fix.
All parts of that tariff - both unit rates, both standing charges - are lower than the new Ofgem cap.

Thanks for replying, is it really cheaper than the cap? where can i check this? The exit fee is £30 per fuel.

QrizB

Aauk25 said:

QrizB said:

Aauk25 said:

Should I switch or stay put?

Is there an exit fee? If not, or if it's under say £30 per fuel, I would take the fix.
All parts of that tariff - both unit rates, both standing charges - are lower than the new Ofgem cap.

Thanks for replying, is it really cheaper than the cap? where can i check this? The exit fee is £30 per fuel.

The cap rates are tabulated at the link in my signature. And I think that's a reasonable exit fee (some suppliers have been asking £100 per fuel, which is a but much).

Aauk25

QrizB said:

Aauk25 said:

QrizB said:

Aauk25 said:

Should I switch or stay put?

Is there an exit fee? If not, or if it's under say £30 per fuel, I would take the fix.
All parts of that tariff - both unit rates, both standing charges - are lower than the new Ofgem cap.

Thanks for replying, is it really cheaper than the cap? where can i check this? The exit fee is £30 per fuel.

The cap rates are tabulated at the link in my signature. And I think that's a reasonable exit fee (some suppliers have been asking £100 per fuel, which is a but much).

Thanks I will switch then, was going to wait till end of month but I may risk not being able to switch if this offer dissapears

fangoose

Just received an offer from my supplier as the fixed term ends next month. There are suggesting a new two year fixed rate that will see the energy bill rise from £1700 per year to £4400.
Think I may give it a miss

Briskly

Have to wonder if it would be worth some people installing their own generators. A gas powered generator at 20% efficiency would give a unit price of around 35p/kWh which is not far off these prices. Factor in the whacking electricity standing charge of  almost £180 saved it doesn't sound so daft for low users and holiday homes. Hardly green and a lot of noise.....

QrizB

Briskly said:

Have to wonder if it would be worth some people installing their own generators.

I once spoke about this to a guy with a sandwich van. He said he had to buy a new generator every year; cheap ones aren't designed for continuous use. You can spend 5-10x as much on one designed for extended use but then it would be cheaper to buy from the grid.