How can I opt out of the £200 energy scheme?

AnnoyedEnergyUser

GingerTim said:

It's not like a normal loan, think of it as spreading the cost across everyone's bills over the next five years. There is no escaping it unless you go off grid.

I understand it is not a loan, but either way I do not want to factor any debt into the future. 

Two responses have discussed going off grid. I would have thought looking at renewable energy for the whole of the UK would have been the best solution.

GingerTim

AnnoyedEnergyUser said:

GingerTim said:

It's not like a normal loan, think of it as spreading the cost across everyone's bills over the next five years. There is no escaping it unless you go off grid.

I understand it is not a loan, but either way I do not want to factor any debt into the future. 

Two responses have discussed going off grid. I would have thought looking at renewable energy for the whole of the UK would have been the best solution.

I'd rather not have it either, but this is what we're stuck with

Mojisola

GingerTim said:

You can't, it's a universal measure applied to every bill, not to an individual.

How will this work with pre-paid meters? 

EssexHebridean

Mojisola said:

GingerTim said:

You can't, it's a universal measure applied to every bill, not to an individual.

How will this work with pre-paid meters? 

With smart meters it’s simple - the credit will be added to the meter. Without smart meters most likely via some form of voucher scheme by the sound of it. 

QrizB

Mojisola said:

GingerTim said:

You can't, it's a universal measure applied to every bill, not to an individual.

How will this work with pre-paid meters? 

Pre-paid smart meters (topped up with an app) can be credited remotely.

Key meters? Yet to be seen, although there are various options. Someone said this week that they'd been sent a voucher by their HA, for example.

Thrugelmir

AnnoyedEnergyUser said:

GingerTim said:

It's not like a normal loan, think of it as spreading the cost across everyone's bills over the next five years. There is no escaping it unless you go off grid.

 I would have thought looking at renewable energy for the whole of the UK would have been the best solution.

What's the source of the power generation going to be?  How much in debt are you prepared the Government to go to achieve this aim in a very short period of time? 

Slinky

QrizB said:

From what's been said, my best guess based on this Treasury factsheet and pending any more specific info:

• Every domestic electricity account will be credited with £200 in October this year;
• Every domestic electricity account will see an ~11p/day increase to the standing charge from some-time-in-2023.
  

Haven't read the factsheet, but how does that work for somebody who didn't have an energy account in Oct 2022, therefore doesn't get a rebate, but will get the increased standard charge if they set up an energy account from Nov 2022? You'd be paying back a loan you didn't have?

GingerTim

Slinky said:

Y essaid:

From what's been said, my best guess based on this Treasury factsheet and pending any more specific info:

• Every domestic electricity account will be credited with £200 in October this year;
• Every domestic electricity account will see an ~11p/day increase to the standing charge from some-time-in-2023.
  

Haven't read the factsheet, but how does that work for somebody who didn't have an energy account in Oct 2022, therefore doesn't get a rebate, but will get the increased standard charge if they set up an energy account from Nov 2022? You'd be paying back a loan you didn't have?

Yes, that's correct - if you're an international student, or say someone moving to the UK, your bill will be paying the levy just like everyone else.

PennineAcute

QrizB said:

From what's been said, my best guess based on this Treasury factsheet and pending any more specific info:

• Every domestic electricity account will be credited with £200 in October this year;
• Every domestic electricity account will see an ~11p/day increase to the standing charge from some-time-in-2023.
  

That messes up Utilita then, as they love to spout their zero standing charge rate.  The first two units a day are higher than the remaining daily units, but if someone uses less than 2 kWh a day (assuming 5.5p per unit for the first two units added), then the 11p will not be collected.

--

What happens in a leap year?  An extra 11p would be collected.

stokegal

Slinky said:

QrizB said:

From what's been said, my best guess based on this Treasury factsheet and pending any more specific info:

• Every domestic electricity account will be credited with £200 in October this year;
• Every domestic electricity account will see an ~11p/day increase to the standing charge from some-time-in-2023.
  

Haven't read the factsheet, but how does that work for somebody who didn't have an energy account in Oct 2022, therefore doesn't get a rebate, but will get the increased standard charge if they set up an energy account from Nov 2022? You'd be paying back a loan you didn't have?

Correct - everybody will be charged £40 extra a year in April irrespective  if they had the loan or not.

Martin raised it with Rishi on the show tonight and gave the example of children living at home and not receiving the Loan but having to pay it back and Rishi confirmed that was correct and they would have benefitted from the loan this October.

It just seems like a way for the energy companies to get more money.. if your one household which then splits into 3 (say 2 children leave home) they get £600 back for the £200 loan.

i don’t understand how it’s even legal