What's my power going to cost me ?

Aylesbury_Duck

MouldyOldDough said:

Astria said:

PennineAcute said:

MouldyOldDough said:

sienew said:

MouldyOldDough said:

Aylesbury_Duck said:

MouldyOldDough said:

MattMattMattUK said:

MouldyOldDough said:

MattMattMattUK said:

What is your annual consumption in kWh, this information should be on your bill.

Gas 5264kWh

Electricity 1295kWh

Based on the October 2022 cap estimate your annual cost would be £1,757.02 pa / £146.42 pcm
Based on the January 2023 cap estimate your annual cost would be £2,240.14 pa / £186.68 pcm

That's a huge rise - that I will really struggle to afford 
The government is going to have to do something about the situation 

It already is doing something.  The trouble is, there is a finite source of gas, it's expensive to produce, it's in high demand and we should be burning less of it, anyway.  If government starts subsidising energy to a greater extent, we'll have to pay for it by other means, which means higher taxes.  One might argue we've become addicted to relatively cheap energy that has encouraged profligacy - how many people have lights on all over and inside their houses, have hot tubs, patio heaters, multiple TVs, enormous fridges and so on?  How many drive around alone in oversized vehicles on short journeys they could easily walk or cycle?  I'm not just talking about wealthier households, these are things that are commonplace in normal family homes all over the UK.

The solution here is less consumption.  I appreciate that many people have pared back consumption already (you have quite low consumption yourself) and there isn't much room for further reduction, but there isn't a magical solution to this that's going to make energy cheap for everyone.  Energy has been relatively cheap for a long time.  We've known about the environmental cost of using too much energy for decades, and have largely ignored it.  Now it's hitting us in the pocket it's suddenly a major problem that requires government intervention.

OK reward those of us who don't use much gas then 

You are already being rewarded with low bills, far lower than the average and the govt support will pay a much larger % of your bills as a result. 

Also, gas and electric are connected. Gas used to produce (some) of your electricity, especially in winter so both prices are connected.

That's because we are very careful and don't waste power
We should be rewarded for this not maligned

Believe it or not there is a reason for this....We are careful with our use of power 
Hence we should be rewarded for doing this by reduced standing charges - I mean that we pay 41p per day standng charge for electricity - the same as  someone using 10 times as much power as we use

You are rewarded, by having a cheaper bill.

and that could be a substantially cheaper bill if p/kWh climbs to 90p !

I'll be going from 15p/kWh to 59p/kWh come October which will likely be higher than the cap, but should hopefully be cheaper come January.

90p would not be acceptable by the majority of the UK population - there would be riots ! 
Why will it be cheaper come January?
Are you predicting a drop in rates? 

Would there?  I recall people saying the same about fuel prices when they breached £1 a litre years ago.  And again a few months ago when they went past £1.50.  And again when they hit £2.  There haven't been riots in the last year, when energy prices have rocketed, either.  This isn't the result of some backfiring recent policy decision, this is a worldwide problem for which we are perhaps less prepared than many countries are, but what would riots achieve?

pochase

No they going with the predictions that see estimates of 70p (CI) to 76p (Auxilione) for the first quarter of 2023. At his moment their 59p will be cheaper and proof the decision to fix at a very expensive rate was still the way to go.

Mstty

There won't be riots we are an inherently compliant (docile) population. 

We will watch French protests from our armchairs on the TV.

MouldyOldDough

So - any predictions as to just how high electricity (and gas) could go ?

Also - any predictions when it might eventually start to drop again - if ever ?

MouldyOldDough

Aylesbury_Duck said:

MouldyOldDough said:

Astria said:

PennineAcute said:

MouldyOldDough said:

sienew said:

MouldyOldDough said:

Aylesbury_Duck said:

MouldyOldDough said:

MattMattMattUK said:

MouldyOldDough said:

MattMattMattUK said:

What is your annual consumption in kWh, this information should be on your bill.

Gas 5264kWh

Electricity 1295kWh

Based on the October 2022 cap estimate your annual cost would be £1,757.02 pa / £146.42 pcm
Based on the January 2023 cap estimate your annual cost would be £2,240.14 pa / £186.68 pcm

That's a huge rise - that I will really struggle to afford 
The government is going to have to do something about the situation 

It already is doing something.  The trouble is, there is a finite source of gas, it's expensive to produce, it's in high demand and we should be burning less of it, anyway.  If government starts subsidising energy to a greater extent, we'll have to pay for it by other means, which means higher taxes.  One might argue we've become addicted to relatively cheap energy that has encouraged profligacy - how many people have lights on all over and inside their houses, have hot tubs, patio heaters, multiple TVs, enormous fridges and so on?  How many drive around alone in oversized vehicles on short journeys they could easily walk or cycle?  I'm not just talking about wealthier households, these are things that are commonplace in normal family homes all over the UK.

The solution here is less consumption.  I appreciate that many people have pared back consumption already (you have quite low consumption yourself) and there isn't much room for further reduction, but there isn't a magical solution to this that's going to make energy cheap for everyone.  Energy has been relatively cheap for a long time.  We've known about the environmental cost of using too much energy for decades, and have largely ignored it.  Now it's hitting us in the pocket it's suddenly a major problem that requires government intervention.

OK reward those of us who don't use much gas then 

You are already being rewarded with low bills, far lower than the average and the govt support will pay a much larger % of your bills as a result. 

Also, gas and electric are connected. Gas used to produce (some) of your electricity, especially in winter so both prices are connected.

That's because we are very careful and don't waste power
We should be rewarded for this not maligned

Believe it or not there is a reason for this....We are careful with our use of power 
Hence we should be rewarded for doing this by reduced standing charges - I mean that we pay 41p per day standng charge for electricity - the same as  someone using 10 times as much power as we use

You are rewarded, by having a cheaper bill.

and that could be a substantially cheaper bill if p/kWh climbs to 90p !

I'll be going from 15p/kWh to 59p/kWh come October which will likely be higher than the cap, but should hopefully be cheaper come January.

90p would not be acceptable by the majority of the UK population - there would be riots ! 
Why will it be cheaper come January?
Are you predicting a drop in rates? 

Would there?  I recall people saying the same about fuel prices when they breached £1 a litre years ago.  And again a few months ago when they went past £1.50.  And again when they hit £2.  There haven't been riots in the last year, when energy prices have rocketed, either.  This isn't the result of some backfiring recent policy decision, this is a worldwide problem for which we are perhaps less prepared than many countries are, but what would riots achieve?

This will kill people - heating your home is totally different to driving a car - it is an expected right !

Covid and Flu are going to kill many more this winter as well - especially if its a cold winter

There were 28,300 excess deaths last winter - that is nothing compared to what could happen this winter.

Mstty

current predictions and some scarier ones from Auxilione today of £1 a kWh for elec

Follow the energy news in general thread.

pochase

Currently Auxilione has the most expensive predictions (they update daily except weekends).

Electricity just went past the £1 mark for April, and gas hit 28.5p. From July prices are going down again.

Cornwall Insights sees a 76p/24p for April and also coming down from July again.

Aylesbury_Duck

MouldyOldDough said:

Aylesbury_Duck said:

MouldyOldDough said:

Astria said:

PennineAcute said:

MouldyOldDough said:

sienew said:

MouldyOldDough said:

Aylesbury_Duck said:

MouldyOldDough said:

MattMattMattUK said:

MouldyOldDough said:

MattMattMattUK said:

What is your annual consumption in kWh, this information should be on your bill.

Gas 5264kWh

Electricity 1295kWh

Based on the October 2022 cap estimate your annual cost would be £1,757.02 pa / £146.42 pcm
Based on the January 2023 cap estimate your annual cost would be £2,240.14 pa / £186.68 pcm

That's a huge rise - that I will really struggle to afford 
The government is going to have to do something about the situation 

It already is doing something.  The trouble is, there is a finite source of gas, it's expensive to produce, it's in high demand and we should be burning less of it, anyway.  If government starts subsidising energy to a greater extent, we'll have to pay for it by other means, which means higher taxes.  One might argue we've become addicted to relatively cheap energy that has encouraged profligacy - how many people have lights on all over and inside their houses, have hot tubs, patio heaters, multiple TVs, enormous fridges and so on?  How many drive around alone in oversized vehicles on short journeys they could easily walk or cycle?  I'm not just talking about wealthier households, these are things that are commonplace in normal family homes all over the UK.

The solution here is less consumption.  I appreciate that many people have pared back consumption already (you have quite low consumption yourself) and there isn't much room for further reduction, but there isn't a magical solution to this that's going to make energy cheap for everyone.  Energy has been relatively cheap for a long time.  We've known about the environmental cost of using too much energy for decades, and have largely ignored it.  Now it's hitting us in the pocket it's suddenly a major problem that requires government intervention.

OK reward those of us who don't use much gas then 

You are already being rewarded with low bills, far lower than the average and the govt support will pay a much larger % of your bills as a result. 

Also, gas and electric are connected. Gas used to produce (some) of your electricity, especially in winter so both prices are connected.

That's because we are very careful and don't waste power
We should be rewarded for this not maligned

Believe it or not there is a reason for this....We are careful with our use of power 
Hence we should be rewarded for doing this by reduced standing charges - I mean that we pay 41p per day standng charge for electricity - the same as  someone using 10 times as much power as we use

You are rewarded, by having a cheaper bill.

and that could be a substantially cheaper bill if p/kWh climbs to 90p !

I'll be going from 15p/kWh to 59p/kWh come October which will likely be higher than the cap, but should hopefully be cheaper come January.

90p would not be acceptable by the majority of the UK population - there would be riots ! 
Why will it be cheaper come January?
Are you predicting a drop in rates? 

Would there?  I recall people saying the same about fuel prices when they breached £1 a litre years ago.  And again a few months ago when they went past £1.50.  And again when they hit £2.  There haven't been riots in the last year, when energy prices have rocketed, either.  This isn't the result of some backfiring recent policy decision, this is a worldwide problem for which we are perhaps less prepared than many countries are, but what would riots achieve?

This will kill people - heating your home is totally different to driving a car - it is an expected right !

Covid and Flu are going to kill many more this winter as well - especially if its a cold winter

There were 28,300 excess deaths last winter - that is nothing compared to what could happen this winter.

Dead people won't be rioting.  

That is a very cold and blunt statement, but behind it is perhaps the pivotal point here.  The most vulnerable in society will suffer the most - as they did in the pandemic - but the majority of people will be fine.  We'll wring our hands at the awfulness of it all, but fundamentally that will be the extent of it.  We didn't riot in the pandemic when the government's terrible planning and policies resulted in many more deaths than should have been expected.

What do you want the government to do about it?  I want to see proper, targeted financial support for the most vulnerable and I'd  accept even higher bills and taxes to support that.  I don't want to see the economy trashed (further) because the majority of average households aren't prepared to pay globally-determined energy prices to maintain the very comfortable energy-dependent lifestyles we've become accustomed to.

brewerdave

Mstty said:

There won't be riots we are an inherently compliant (docile) population. 

We will watch French protests from our armchairs on the TV.

The way things are going, most of the (working) population will be on the picket lines by October ,so no time for riots !

Mstty

brewerdave said:

Mstty said:

There won't be riots we are an inherently compliant (docile) population. 

We will watch French protests from our armchairs on the TV.

The way things are going, most of the (working) population will be on the picket lines by October ,so no time for riots !

Yep it does appear that way doesn't it.