What's your Next Moves on Gas and Electricity Bills?

jimjames

bery_451 said:

Ultrasonic said:

bery_451 said:

Okay just to clarify the upcoming April and October price caps only apply to standard variable tariffs from energy suppliers? Not new fixed tariffs?

So if there's no good deals on fixed tariffs then that means everybody will be choosing standard variable tariffs right to use the price caps as protection against higher priced fixed tariffs? 

The answer to the first question is yes.

The answer to the second question is less clear-cut as different people will make different judgements on whether to go for the certainty of a fix or gamble on the SVT working out cheaper even once the currently unknown October price rice is factored in. Most here would probably guess at the latter working out cheaper but nobody knows for certain, and crucially it will depend on what fixed term tariffs are available to the individual and their personal energy usage.

Okay what if energy companies start delisting SVT's forcing customers to buy their uncapped more expensive fixed Tariffs? Is this against OFGEM rules?
Finally is their a way yo 'Hedge' ourselves against rising energy costs?

Suppliers have to offer capped SVT so they can't opt out.
You can hedge by getting a fixed rate deal if you want. But just like mortgages it might be more expensive.

QrizB

bery_451 said:

QrizB said:

bery_451 said:

Is this company or farm listed on the FTSE index and if so how do I find them?

None of what follows is investment advice.

I strongly suspect pochase is referring to Ripple, which is run as a co-operative and so is not listed:
https://rippleenergy.com/

There is a Ripple thread over on the "Green & Ethical" board:
https://forums.moneysavingexpert.com/discussion/6177271/ripple-energy-wind-farm#latest

If you would prefer a FTSE listed company with a more conventional didvidend policy, you could try eg. Greencoat UK Wind:
https://www.hl.co.uk/shares/shares-search-results/g/greencoat-uk-wind-plc-ordinary-shares

Sorry do you mean Ripple as in XRP in Crypto? If not do you mean ripple is owned by the co-operative supermarket?

I don't mean either of those. I've given you the links to their website and the Forum threads, follow them and read what they have to offer.

bery_451

QrizB said:

bery_451 said:

QrizB said:

bery_451 said:

Is this company or farm listed on the FTSE index and if so how do I find them?

None of what follows is investment advice.

I strongly suspect pochase is referring to Ripple, which is run as a co-operative and so is not listed:
https://rippleenergy.com/

There is a Ripple thread over on the "Green & Ethical" board:
https://forums.moneysavingexpert.com/discussion/6177271/ripple-energy-wind-farm#latest

If you would prefer a FTSE listed company with a more conventional didvidend policy, you could try eg. Greencoat UK Wind:
https://www.hl.co.uk/shares/shares-search-results/g/greencoat-uk-wind-plc-ordinary-shares

Sorry do you mean Ripple as in XRP in Crypto? If not do you mean ripple is owned by the co-operative supermarket?

I don't mean either of those. I've given you the links to their website and the Forum threads, follow them and read what they have to offer.

Okay thanks.

I think the Government will start nationalising these energy companies by buying huge stakes in these companies if the government keeps bailing out/subsiding these energy companies so they can continue providing capped tariffs. Government wont be using taxpayers money now more like printed money from the central bank money printers for this and get the future generation taxpayers to pay off this debt 

If government nationalise these energy companies instead of letting the free energy market decide then the government can easily control our energy usage to meet their Co2 Paris agreement reduced emissions by 2030.

Ultrasonic

bery_451 said:

Ultrasonic said:

bery_451 said:

Okay just to clarify the upcoming April and October price caps only apply to standard variable tariffs from energy suppliers? Not new fixed tariffs?

So if there's no good deals on fixed tariffs then that means everybody will be choosing standard variable tariffs right to use the price caps as protection against higher priced fixed tariffs? 

The answer to the first question is yes.

The answer to the second question is less clear-cut as different people will make different judgements on whether to go for the certainty of a fix or gamble on the SVT working out cheaper even once the currently unknown October price rice is factored in. Most here would probably guess at the latter working out cheaper but nobody knows for certain, and crucially it will depend on what fixed term tariffs are available to the individual and their personal energy usage.

Okay what if energy companies start delisting SVT's forcing customers to buy their uncapped more expensive fixed Tariffs? Is this against OFGEM rules?

Yes.    .

bery_451

Okay coming back to this thread, my fixed tariff is coming to a end of contract at the end of this month. With all the latest to now news/updates is it wise to switch or stick on same supplier?

Mstty

bery_451 said:

Okay coming back to this thread, my fixed tariff is coming to a end of contract at the end of this month. With all the latest to now news/updates is it wise to switch or stick on same supplier?

Most of the info you need is in the money saving expert newsletter and the tariffs that may be worth going for.

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/


Other than that stick or twist have a gamble

chris_n

bery_451 said:

Finally is their a way yo 'Hedge' ourselves against rising energy costs?

Yes, get solar panels fitted!

lohr500

chris_n said:

bery_451 said:

Finally is their a way yo 'Hedge' ourselves against rising energy costs?

Yes, get solar panels fitted!

At what cost and for what saving? Please quantify your reply.

markin

Only solar, About 9 years to payback and then hopefully 20 years of free power.

Aim for £1.30 or less per peak watt.

bery_451

markin said:

Only solar, About 9 years to payback and then hopefully 20 years of free power.

Aim for £1.30 or less per peak watt.

How much are the Solar Panels, and are they good ones that can extract a lot of sun energy in the typical brutish weather and store that energy for night use or next day?