MSE News: Households to get £400 boost to help with rising energy bills

Newman2

pochase said:

That is the first time you mention that you are coming off a fixed tariff. Even for the April cap a more than double the old direct debit is normal.

The £131 starting in August are spot on even with the £400, but only if you change from E7 to single rate.


Two month £131 = £262
10 month @ £185 - £1850
-----------------------------------
Total                          £2112
Government grant    £ 400
adjustment summer £ 100 (adjustment for less use in summer)
===============================================
Total                           £1612
monthly direct debit   £134.33 

Where is the 195 coming fr?

Newman2

Newman2 said:

pochase said:

That is the first time you mention that you are coming off a fixed tariff. Even for the April cap a more than double the old direct debit is normal.

The £131 starting in August are spot on even with the £400, but only if you change from E7 to single rate.


Two month £131 = £262
10 month @ £185 - £1850
-----------------------------------
Total                          £2112
Government grant    £ 400
adjustment summer £ 100 (adjustment for less use in summer)
===============================================
Total                           £1612
monthly direct debit   £134.33 

Where is the 195 coming fr?

Sorry, bad typing

 185 coming from.

Benny2020

I am guessing its the expected 40% rise starting 1st October.

Benny2020

On your usage £185 seems about right but will be lower after the £400 is allowed for.

Gerry1

Newman2 said:

pochase said:

Just calculated your cost at the old October SVT.


Have you come off a fixed rate? Even at the old unit rates and single tariff you would have been underpaying. Cheaper single rate would have needed already £90 per month.

If you really got a credit while paying £76 per month the usage you posted can't be right.

Fixed rate end end of August. The figures i posted are off my bill.

I calculated your electricity bill using EDF's current SVT rates so the figures won't be accurate, but it's still likely that E7 won't be best suited for you.

pochase

Newman2 said:

Newman2 said:

pochase said:

That is the first time you mention that you are coming off a fixed tariff. Even for the April cap a more than double the old direct debit is normal.

The £131 starting in August are spot on even with the £400, but only if you change from E7 to single rate.


Two month £131 = £262
10 month @ £185 - £1850
-----------------------------------
Total                          £2112
Government grant    £ 400
adjustment summer £ 100 (adjustment for less use in summer)
===============================================
Total                           £1612
monthly direct debit   £134.33 

Where is the 195 coming fr?

Sorry, bad typing

 185 coming from.

From the "new cap" rate I posted earlier for you. Gas plus 60% and electricity plus 45% as per Cornwall-Insight prediction.

Might of course be different in the end, but Ofgem and Cornwall both expect a new cap of £2800 to £2880.

polymaff

< chuckle >

t0rt0ise

Mstty said:

Controversial here it goes barring all the other amounts offered the £400 could have only gone to council tax Bands A-D as I still believe people in band E and above have choices they can make to downsize from a larger property where they would save on Council Tax, running costs and more. They choices than the lower bands.

We are a Band E and we have choices, tough choices to make but we have them.

Lots of us don't have real choices to move. I live in social housing in a band F house so I miss out on the council tax payout. And now you tell me I should move. Honestly it's annoying enough seeing people here say that we shouldn't be given the pensioners £300 without being told to move house.

Mstty

Yes you have to cut your cloth according to budget if the £150 is of concern to you. A Band F house where we live is £700 a year more in council tax alone. In Energy costs you could quite rightly assume a band F (more ft/M2 in size) costs more to heat etc.

The point is that a family in a Band D can maybe move to a band C house at a push but I still maintain people living in a band F house can downsize two bands down to a D, reduce a lot of costs such as council tax and heating costs and although not palatable at least they have that option. 

If in social housing maybe a mutual exchange and tenancy transfer could be an option.

I forget how long ago this was posted and the context but it's certainly taken you ages to respond.