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

MattMattMattUK

coupleuk said:

It is about time a tidal barrage was built between Brean Down (Somerset) and South Wales.

The Bristol Channel has the 2nd highest tidal range in the World and it won't ever stop - why aren't we using this amazing natural resource for energy?

The construction cost is less than the new nuclear plant down the road and there would be thousands of job created in South Wales and Somerset too - the 10,000 HPC workers are already in the area so the workforce will be ready in 3 or 4 years time.

The reasons against are many, but the main ones are massive ecological damage, high vulnerability to climate change and major issues with the impact on shipping. 

coupleuk

GingerTim said:

georgemorrison said:

Is it true that the new cap announcement has been made WITHOUT the detail of the unit and day rates for gas and electricity ? The "Average" price is not helpful and I expect some people believe this to be a real price cap not a unit price cap. I have searched for new cap unit/day price details without success. I have seen old cap tables for the different energy suppliers. Can Martin Lewis either publish or push for this much needed detail. 

https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april

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

(with regional and supplier variation, new tables to be published tomorrow according to Ofgem).

and they conveniently forget to mention that standing charges are going up 100%

Briskly

wrf12345 said:

From April standing charges may be much higher, we don't know yet...

Looks like the standing charges have gone up by 20% plus. Now sure how this fits with fairness and encouragement of low use.

MattMattMattUK

coupleuk said:

GingerTim said:

georgemorrison said:

Is it true that the new cap announcement has been made WITHOUT the detail of the unit and day rates for gas and electricity ? The "Average" price is not helpful and I expect some people believe this to be a real price cap not a unit price cap. I have searched for new cap unit/day price details without success. I have seen old cap tables for the different energy suppliers. Can Martin Lewis either publish or push for this much needed detail. 

https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april

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

(with regional and supplier variation, new tables to be published tomorrow according to Ofgem).

and they conveniently forget to mention that standing charges are going up 100%

It has not been confirmed what is happening to standing charges yet as they are included within the overall price rather than set by Ofgem, different energy providers will offer different tariffs. 

coupleuk

MattMattMattUK said:

coupleuk said:

It is about time a tidal barrage was built between Brean Down (Somerset) and South Wales.

The Bristol Channel has the 2nd highest tidal range in the World and it won't ever stop - why aren't we using this amazing natural resource for energy?

The construction cost is less than the new nuclear plant down the road and there would be thousands of job created in South Wales and Somerset too - the 10,000 HPC workers are already in the area so the workforce will be ready in 3 or 4 years time.

The reasons against are many, but the main ones are massive ecological damage, high vulnerability to climate change and major issues with the impact on shipping. 

Ah, now I buy into the idea that wildlife is adaptable - we have lots of similar habitats throughout the area and UK (and Europe)

Climate Change lol - isnt that what eco power is helping?

Shipping was addressed easily

MattMattMattUK

Briskly said:

wrf12345 said:

From April standing charges may be much higher, we don't know yet...

Looks like the standing charges have gone up by 20% plus. Now sure how this fits with fairness and encouragement of low use.

Network costs are already well above the cost of the standing charge, which means that higher users are subsidising lower users.

Fairness is subjective. 

TobyCG

mdjuergens said:

Does anyone know where (or when) to find the ACTUAL  costs per kWh and also standing charges. The costs for the mythical "average user" don't actually help me.

Official figures have been posted here at last: https://www.ofgem.gov.uk/publications/default-tariff-cap-level-1-april-2022-30-september-2022

If my maths is correct, this works out at (for me in the Midlands and inc.VAT):
Electricity: 48.13p standing & 27.87p/kWh
Gas: 27.22p standing & 7.37p/kWh

Massive and surprising increase in the electricity standing charge.

wolvoman

jobdone1 said:

wrf12345 said:

28 and 7p kwh  approx, standing charges rumoured to be hiked by an outrageous amount

And I can't say I'm shocked, why no windfull tax on the likes is shell who have made a whopping 1.9 billion extra profit from what I understand and that's just shell

Shell LOST £16bn in 2020. I think that more than offsets £1.9bn in 2021

wolvoman

TobyCG said:

mdjuergens said:

Does anyone know where (or when) to find the ACTUAL  costs per kWh and also standing charges. The costs for the mythical "average user" don't actually help me.

Official figures have been posted here at last: https://www.ofgem.gov.uk/publications/default-tariff-cap-level-1-april-2022-30-september-2022

If my maths is correct, this works out at (for me in the Midlands and inc.VAT):
Electricity: 48.13p standing & 27.87p/kWh
Gas: 27.22p standing & 7.37p/kWh

Massive and surprising increase in the electricity standing charge.

Not much encouragement to consume less if a large proportion of the increase is taken by fixed fees. 

Could be 2 reasons for this.
1. They are expecting people to reduce consumption and so by increasing the standing charge by more than the consumption charges, they shield the energy suppliers from some of this loss.

2. It's political - they didn't want to be seen to be hitting those living with large families in badly insulated homes.

Either way - not very green

MrsStepford

We fixed our dual fuel tariff last year when our energy supplier emailed us.

We live by the sea, which gives us mild winters. Summers are getting hotter and for the last three years, we are spending more in the summer running big fans to keep the house cooler, than we are on heating. We've not had the heating on much at all yet. 

I'm annoyed by this rebate. I think the idea of not having a choice to get this or not, and making us pay it back, is a loan. Will we be charged interest ? Will there be handling charges and VAT from the energy supplier ? I reckon it will save us 0p and cost us more.