£200 "loan" and fixed tariff contracts

Holmeboy

Does the £200 reduction in electricity bills apply to fixed tariff contracts? I'm concerned the £200 won't be applied and at a later date the energy companies will automatically try and claw back £200 which we would not have received.

GingerTim

Both the £200 rebate and the repayments will apply to fixed tariff contracts.

emmajones1976

It applies to every tariff. Full stop.

Astria

and it doesn't matter if you get the £200 or not, you'll still have to pay it back regardless.

PennineAcute

If Martin gets his way there will be no £200 and no surcharge on tariffs come April '23.

jimjames

PennineAcute said:

If Martin gets his way there will be no £200 and no surcharge on tariffs come April '23.

How do you work that out?

PennineAcute

jimjames said:

PennineAcute said:

If Martin gets his way there will be no £200 and no surcharge on tariffs come April '23.

How do you work that out?

https://www.manchestereveningnews.co.uk/news/uk-news/martin-lewis-urges-government-rethink-23058820

MattMattMattUK

PennineAcute said:

jimjames said:

PennineAcute said:

If Martin gets his way there will be no £200 and no surcharge on tariffs come April '23.

How do you work that out?

https://www.manchestereveningnews.co.uk/news/uk-news/martin-lewis-urges-government-rethink-23058820

Whatever the government do some of us will pay for it regardless, if it comes in this form then it goes back on energy bills, if it comes from "government" then it will be paid from taxes. Personally I would rather they did nothing, stopped messing around and put the money into securing the energy supply long term, not pointless fiddling. 

PennineAcute

Yes, it is a short term solution with long term consequences.

Every household gets £200 and each household pays it back at £40 a year.  If there are more households (over the 5 years from April '23) than the amount of households that receive the £200, then someone makes a tidy profit (whether that be the energy companies or the government).

As the amount is around £5bn, this will be going on our taxes anyway.  We have to find the £5bn from somewhere.  If any profit reduces this tax, it's fine by me.

MattMattMattUK

PennineAcute said:

Yes, it is a short term solution with long term consequences.

Every household gets £200 and each household pays it back at £40 a year.  If there are more households (over the 5 years from April '23) than the amount of households that receive the £200, then someone makes a tidy profit (whether that be the energy companies or the government).

As the amount is around £5bn, this will be going on our taxes anyway.  We have to find the £5bn from somewhere.  If any profit reduces this tax, it's fine by me.

There will be no profit, the five payments of £40 will have diminishing value due to inflation, plus the interest that is paid on government borrowing, growth in the number of households is far too low to offset that. The reality is the taxpayer will lose money on this scheme.

Curiousgirl1

I’d rather pay this than the subsidy put on standing charges for the bust companies. At least I get some benefit from this