January predictions

fergie_

Based on those predictions, that is both fuels basically doubling compared to now and increasing even more next year.

macman

MattMattMattUK said:

wibbler said:

This news really tips the balance into fixing now, if you haven't already.

How? All the fixes available are above those predictions. 

Assuming you can even get offered a fix at all...

NannaH

BG have offered me a fix at double the current price cap till Oct 2023.   I’m torn as it’s higher than the predicted rises ( but they keep going up anyway 🙄) and I know quite a few people who went against Martin’s advice and fixed last year so are now quids in, especially those who fixed for 2 years.   If I could go back and take the fix of £170 a month I would bite their hand off! 

I’m currently paying £110 for dual fuel and the fix is £230.
Are energy providers factoring in the £400 we get or not?
If they are then I don’t want to be paying £230,  it should be just under £200. 

wibbler

MattMattMattUK said:

wibbler said:

This news really tips the balance into fixing now, if you haven't already.

How? All the fixes available are above those predictions. 

Above todays prices and predictions. Prices have been consistently worse each time than the predictions.  The fix I finally went for two weeks ago was a far better deal than available now. 

LADYXXMACBETH

My prediction for January. People will get sick and die. Last year I had my heating at 15c it was freezing and I'm a 39 year old in good health. I dunno what I'm going to do this year. If they put a prepayment meter in when I can't pay I'll have no heating. 

Ultrasonic

ioealshk said:

The media (including, unfortunately, ML) are sugarcoating it by reporting the "average" household figures that don't apply to anyone.

There would be an uproar if they published the unit rates or % comparison instead, but most of people may not realise just by how much their bills will go up because the media intentionally uses the lower figures.

That plays both ways. A true average would be an overestimate for just as many as it is an underestimate for, and so for some talk of the £4200 figure may cause more worry than is warranted.

Sharing details in terms of typical unit price changes would absolutely be more informative though.