Bill increase is 91% not 54% for most people, especially those who follow MSE

jimjames

harrys_dad said:

There has been huge publicity, including from Martin Lewis, for the "54% increase in the price cap". For most people however who are on expiring fixed rate deals the year on year increase is more like 91%, or close to doubling. I am surprised I have not seen or heard much about this, or maybe I have not been looking at this board closely enough.

Problem is that there are so many different fixed rate deals that giving a number would be impossible. The price cap is easy to calculate as it's from 2 dates and comes into effect on a specific date. Fixes will be ending at a whole range of times so it's not really relevant to today for most of them. I bet some of the people entering readings and causing the sites to crash are probably on fixed rates and unaffected too.

2010

The price cap is a cap on the unit price, the more you use the more you`ll pay.

LADYXXMACBETH

My bills already doubled since September. So any rise I have now is unaffordable and I mean unaffordable. As in I will not have the funds to pay for it. What do you do if you can't pay the increase? My heating is already at 14c since February, it's freezing. I cut back on food shopping to pay for the original price hike, was spending £60 on shopping a week and now it's £40 for 2 kids and me. 
I have nothing left to give them. What do I do?