Sun claims 4 month freeze on April cap levels.

Chrysalis

uksitebuilder said:

I do hope they don’t add it to the standing charge.  Media stories are arising saying it will be added to the national debt and clawed back through taxation.

Adding it to the standing charge would be deemed unfair as low usage customers would be paying the same amount for the "loan" as high usage customers. 

Alternatively, adding a little bit on top of the fixed unit rates would be a fairer way of repaying the debt IMHO

Yes putting it on general taxation or unit rates is better as a progressive measure.

Spoonie_Turtle

DaveMapp said:

Spoonie_Turtle said:

Guardian specifically mentions people who've fixed, and people on prepayment meters.

https://www.theguardian.com/money/2022/sep/06/liz-truss-expected-to-freeze-uk-energy-bills-at-2500-a-year

I fixed two weeks ago to protect myself from the January rise. I will now be paying well above whatever the new cap comes in as or will have to pay £150 to get out of the deal immediately after signing it….

We sort of did too - switched to Tracker (essentially viewing it as a fix) which at 55p max is above the October cap but far below all predictions for January and beyond.  Thankfully there's no exit fee but we will have to wait and see what actually is happening before making any decisions.

Regarding the exit fees, nothing is certain at this point.  It's possible they might be waived or they might not be.  But it is encouraging to see people who've fixed have been mentioned and not forgotten - some people couldn't afford the fixes either but took them because it would leave them in a smaller hole of debt than staying on the predicted SVT would have.

spot1034

Spoonie_Turtle said:

Guardian specifically mentions people who've fixed, and people on prepayment meters.

https://www.theguardian.com/money/2022/sep/06/liz-truss-expected-to-freeze-uk-energy-bills-at-2500-a-year

Suppliers are being asked a lot of questions and they don't want to be inundated with calls, so one of the points they'll definitely have  brought up is those on fixes who'll crash their systems if the solution isn't to their liking. That's encouraging. I really like the idea of a discount of a fixed sum from each unit, which would surely work for all customers and would also bring home to everyone just how much their bills would have been without intervention. A good fact to get into voters' heads as the next election draws near.