Anyone else feeling a little sick right now

tghe-retford

On another thread, Octopus wants 75p per kWh for electric and almost 20p per kWh for gas for their new fixed deal. Worst case scenario calculations are being obliterated as we speak.

Help us all. Sweepstakes on the first energy provider to be the first to charge £1 per kWh for electric? Can't be long now, surely?

artyboy

Black Mirror had the answer... exercise bikes and dynamos. Nothing like a good dystopian feed in tariff...

tghe-retford

artyboy said:

Black Mirror had the answer... exercise bikes and dynamos. Nothing like a good dystopian feed in tariff...

My suggestion is more realistic. Turbines placed above the Houses of Parliament. All the hot air from the politicians and lords will generate so much electric that we won't need to worry about energy security any more.

lhead123

We moved into a new (larger) home in May 2021. After a rubbish energy company to start with, switching to a good one, the gas meter stopping, them putting a new one in and then going bust a week later...we were then switched to Eon Next, who took months to get anything sorted and I had to go to the ombodsman in the end! Because of all that I have no clue how much energy we used last winter to even guestimate what we might use this winter.
Luckily we fixed in February, so we are on the same price until 1st March (unless they cancel the tarrif for any reason), but the day after that we will most likely be paying double what we are now.
Combine that with food prices rising, fuel staying high and wages stagnating, I'm not sure what our future will look like. Luckily we got ourselves out of debt a few years ago, so at least we don't have to worry about that as well...

SAC2334

fryedslyce said:

The energy companies will end up with a whole load of bad debt on their books. I think they'll be emergency legislation, not to help the consumer but to help the energy companies. The Government will make it easier and quicker for prepayment meters to be fitted, probably by allowing the energy companies to bypass the courts.

I can also see energy companies making prepayment meters the default, only those who are willing and able to keep their account in substantial credit will be allowed credit meters.

They will also see a stratospheric rise in meter tampering which I predict  will move away from their  normal inner town/city Victorian terraces into suburbia in general . 

I left meter reading in 2017 after 20 years and  have watched it escalate year by year and it was out of control in the normal core areas when I left  where a "refused access " to properties I visited was standard procedure.  .Suppliers are useless at stopping it .

Max68

The really frightening thing is where will it end?  £10,000 a year at the end of 2023 or some other mad figure?  Only positive is that oscillating fans in the summer don't seem to eat electricity.  If only someone could come up with an idea on how to get them to generate heat!  

jimexbox

I think my electricity usage will drop substantially next month.... Two teenagers gaming on pc & Xbox's all day are back at school.

Even though I took a good two-year fix in April, I've been saving every month into an energy fund. I will either have an amazing holiday in 2024 or I'll be using it to drip feed my energy usage. Let's hope I'm booking a holiday. 

eastcorkram

pearl123 said:

artyboy said:

spot1034 said:

Looking on the bright side - at some point this seemingly unstoppable rise in prices will come to an end. 

Some reports have said it could end somethime in 2024. Scary.

The world? Oh well. At least bills won't matter 

savers_united

SAC2334 said:

fryedslyce said:

The energy companies will end up with a whole load of bad debt on their books. I think they'll be emergency legislation, not to help the consumer but to help the energy companies. The Government will make it easier and quicker for prepayment meters to be fitted, probably by allowing the energy companies to bypass the courts.

I can also see energy companies making prepayment meters the default, only those who are willing and able to keep their account in substantial credit will be allowed credit meters.

They will also see a stratospheric rise in meter tampering which I predict  will move away from their  normal inner town/city Victorian terraces into suburbia in general . 

I left meter reading in 2017 after 20 years and  have watched it escalate year by year and it was out of control in the normal core areas when I left  where a "refused access " to properties I visited was standard procedure.  .Suppliers are useless at stopping it .

There is arguably more at stake now with prices as high as they are. If suppliers do not nip it in the bud which as you say looks already to be out of control in some ares it will soon spread and you will end up with large portions of the population bypassing meters that not only cause huge risk to the occupants but also neighbours and ultimately will make a bad situation worse for those who are already being hit with unaffordable bills. Emergency legislation will be likely where smart pre payment meters get installed with tamper technology and quicker route to disconnecting properties from the grid. 

artyboy

eastcorkram said:

pearl123 said:

artyboy said:

spot1034 said:

Looking on the bright side - at some point this seemingly unstoppable rise in prices will come to an end. 

Some reports have said it could end somethime in 2024. Scary.

The world? Oh well. At least bills won't matter 

Indeed, just think of all the energy that would be generated from the world ending...