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Predictions for Energy Freeze? Should We Stay on Fixed Tariff or change? More info in post

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  • konn1ch1ha
    konn1ch1ha Posts: 246 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 29 December 2022 at 6:45PM
    Everything is a guess right now, because nothing has actually been announced so we don't know how they system will work or what numbers & assumptions will be used.

    Roughly speaking, it looks like a £2500 cap, split equally between fuels, with standing charge at the Apr 1 rate (although the Oct 1 rate is basically the same), would come out to a 10p/kWh Gas and 35p/kWh Electricity tariff.
    Are you suggesting these prices are they’re likely or projected to be if a freeze is in place?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Third Anniversary Name Dropper
    edited 29 December 2022 at 6:45PM
    Everything is a guess right now, because nothing has actually been announced so we don't know how they system will work or what numbers & assumptions will be used.

    Roughly speaking, it looks like a £2500 cap, split equally between fuels, with standing charge at the Apr 1 rate (although the Oct 1 rate is basically the same), would come out to a 10p/kWh Gas and 35p/kWh Electricity tariff.
    Are you suggesting these prices are they’re likely or projected to be if a freeze is in place?
    That's a very rough guess at what the projected rates would be under most people's understanding of Liz's freeze.

    Lots of assumptions and guesses in there though, so treat as roughly as they deserve.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    macman said:
    18 months takes us to March '24, so through 2 winters. And there will be an election either in May '24, or latest October '24. Could be interesting...
    The latest the next general election can be is January 2025.

    https://www.instituteforgovernment.org.uk/explainers/elections
    Yes, but the usual dates are May or October: December 2019 was  an anomaly, because it was only called due to Johnson's failure to get his Brexit proposals passed. 
    No free lunch, and no free laptop ;)
  • As I posted on the other thread

    You also might like to consider staying with UW but moving to their variable tariff.  Because you are taking the other services you would get a 5% discount on the cap plus whatever government help is coming.  The question with that though is would UW waive the exit fee?
  • macman said:
    macman said:
    18 months takes us to March '24, so through 2 winters. And there will be an election either in May '24, or latest October '24. Could be interesting...
    The latest the next general election can be is January 2025.

    https://www.instituteforgovernment.org.uk/explainers/elections
    Yes, but the usual dates are May or October: December 2019 was  an anomaly, because it was only called due to Johnson's failure to get his Brexit proposals passed. 
    Even so, January 2025 is the latest by law the next general election can be held.
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