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

MattMattMattUK

Astria said:

As, in five years time, there should be more households than at present, the Government should actually make a profit.

And that's what it's all about I bet - a stealth tax under the disguise of "We are helping you with your energy bills".

You can bet that in 5 years it won't be removed from the energy bills either!

There are a lot of factors at play, there is the cost of borrowing, the losses due to inflation both of which are likely to vastly outstrip the growth in households. The best solution would be for the government to do nothing. 

Astria

MattMattMattUK said:

Astria said:

As, in five years time, there should be more households than at present, the Government should actually make a profit.

And that's what it's all about I bet - a stealth tax under the disguise of "We are helping you with your energy bills".

You can bet that in 5 years it won't be removed from the energy bills either!

There are a lot of factors at play, there is the cost of borrowing, the losses due to inflation both of which are likely to vastly outstrip the growth in households. The best solution would be for the government to do nothing. 

Yes that's what I think some people are trying to do, to get the government to do nothing, as it seems that most people do not want this loan that is being offered.

MattMattMattUK

Astria said:

MattMattMattUK said:

Astria said:

As, in five years time, there should be more households than at present, the Government should actually make a profit.

And that's what it's all about I bet - a stealth tax under the disguise of "We are helping you with your energy bills".

You can bet that in 5 years it won't be removed from the energy bills either!

There are a lot of factors at play, there is the cost of borrowing, the losses due to inflation both of which are likely to vastly outstrip the growth in households. The best solution would be for the government to do nothing. 

Yes that's what I think some people are trying to do, to get the government to do nothing, as it seems that most people do not want this loan that is being offered.

Sunak and Johnson tried to bribe the electorate with their own money in a way far more blatant than most elections (where they try to bribe people with their own money, and often other people's money). Despite the electorate being mostly stupid, 60% of people still managed to see through this and that number is only likely to increase. The government has until late September to change it's mind in this one so it is likely that it will, especially as we will probably have a different PM and Chancellor by then, although I expect they will offer an equally stupid scheme which will also cost me money in the long run. 

Broadwood

The Warm Home Discount scheme is just as much of a con trick but in a different way.

The government, and now even Martin as well, they all make it sound like it is government funded. It's not.

It's us as customers who fund the WHD through a levy on all bills to the tune of £19 per dual fuel account per year.
So even those who receive the WHD also pay towards it.

See attached screen shots from Ofgem and Gov.uk

This WHD levy will rise further in future years by the rate of inflation.

QrizB

Broadwood said:

The Warm Home Discount scheme is just as much of a con trick but in a different way.
The government, and now even Martin as well, they all make it sound like it is government funded. It's not.

Please post links to support your claims that "the government" or "Martin" are saying it's government funded.

It's been apparent from the outset that it's funded by a levy on all electricity bills, just like the ECO, the RO, the FIT, the CfD, and so on.

EssexHebridean

It's us as customers who fund the WHD through a levy on all bills

You do realise that this is really not news to most people, and has never been any sort of secret, right? 🤔 

The_Green_Hornet

EssexHebridean said:

It's us as customers who fund the WHD through a levy on all bills

You do realise that this is really not news to most people, and has never been any sort of secret, right? 🤔 

It won't be news to most people on this forum but I would suspect that it would be news to most of the population.

Josquin

Not sure if this the right place to post this but-

EDF- standing charge will be doubled for tariff or SV,  when fix ends. Is this right?

QrizB

Josquin said:

Not sure if this the right place to post this but-

EDF- standing charge will be doubled for tariff or SV,  when fix ends. Is this right?

EDF haven't published their revised tariffs yet so no-one knows. But potentially the electricity standing charge could roughly double for variable rate customers, yes.

For customers coming off a fixed tariff the increase could be more than double, depending on what the standing charge on their fixed rate was.

Sea_Shell

Does anyone know if there is an industry standard* surrounding how companies deal with persistent arrears (debit balance) on a DD credit account?

At what point would they usually INSIST on a DD being increased (rather than recommended), and if it isn't (or worst case, it bounces) at what point would they look to put the customer onto a pre-pay meter?

How far into a debit balance would they let people get - £100, £200 or more, before they'll take action?



* If not, what about Eon specifically?