Energy Price Guarantee (announced 8 Sep): initial reaction & questions

Robbie101

What about heating oil?  No announcement of help yet it’s gone from 43p to over £1 a litre.  Come on Martin please ask as it effects 1.5 million people that only have kerosine to rely on. 

Onebrokelady

xzibit said:

Paolas said:

Any help is good BUT the rebate should at least be means tested so big earners or rich pensioners get less or none. Price cap for everybody? If I spend 25% of my monthly wage in energy bills I feel I am being laughed at by other people who spend (even by using more) a lot smaller percentage of their monthly income on bills.Why is the UK so averse to means testing? Why do we all become the same sometimes but we are not the same?

I'm by no means a high earner or well off, however why should people that have worked hard and managed to get to a position where they earn well be penalised for it? Even if someone earns £70k a year they should receive the same assistance as someone who earns £20k a year. IMHO. Otherwise where is the incentive to work hard if you can just rely on the state. Sorry if it's off topic. 

Some people don't get the chance to earn big money and it's not fair to imply those people on low incomes haven't worked hard enough. I've worked hard for the last 30 years in the NHS but my earnings at full time never went over £18,000 and now I have had to cut my hours due to ill health I'm only on £11,900 I'm still working really hard in those hours and I'm not relying on the state 

Mstty

Robbie101 said:

What about heating oil?  No announcement of help yet it’s gone from 43p to over £1 a litre.  Come on Martin please ask as it effects 1.5 million people that only have kerosine to rely on. 

Yes there is it has been mentioned. Item 13.

We just have to all be patient and wait for the details.

daaave

LaurenSalonowner2612 said:

I am a salon owner and my energy contact started December 2021 at a fixed rate at 28pence for 5years. I have now received a email to say that this fixed rate is now going up to 55pence. Can they do this? 

Depends on what your contract says.  If the contract is clear that the rate is fixed, I’d fight this very hard.  You’ve got a great contract that will give you a competitive advantage for the next four years. 

Don’t acknowledge, sign, or agree to any changes that the energy supplier sends you, in the meantime.

Probably worth speaking to a solicitor.

The_Green_Hornet

EDF have set up a web page to provide their customers with updates on how they will be implementing the governments energy price guarantee.

https://www.edfenergy.com/latest-news-government-announcement

Kilmorey49

I get my gas from British Gas and Electricity from Ovo. My gas bill  (heating, hot water and cooking) is larger than the electricity bill. Current direct debit Gas £121 per month Electricity £90 per month (more than double of actual usage)  How will my total energy bills be limited to no more than £2500 ?

JPears

If the payback is loaded onto continuously high energy bills in future years, I am more inclined to consider solar panels.

At the original Oct 22 and Jan 23 cap levels they were a very serious consideration as cost recoup/break even date would have been much sooner.

Mstty

Kilmorey49 said:

I get my gas from British Gas and Electricity from Ovo. My gas bill  (heating, hot water and cooking) is larger than the electricity bill. Current direct debit Gas £121 per month Electricity £90 per month (more than double of actual usage)  How will my total energy bills be limited to no more than £2500 ?

They won't be it's not a limit. A price per kWh for gas and electricity will be released soon we all home and then you can calculate how much it will cost you an your actual usage.

It is not an all you can eat for £2500 deal.

scobie

Paolas said:

Any help is good BUT the rebate should at least be means tested so big earners or rich pensioners get less or none. Price cap for everybody? If I spend 25% of my monthly wage in energy bills I feel I am being laughed at by other people who spend (even by using more) a lot smaller percentage of their monthly income on bills.Why is the UK so averse to means testing? Why do we all become the same sometimes but we are not the same?

Do you also think the middle class or rich should pay double for a kilo of bananas, or a gallon of fuel?  Or maybe £10 for a Big Mac while others pay £4. 

Because that is exactly what you’re suggesting. 

scobie

Mstty said:

Kilmorey49 said:

I get my gas from British Gas and Electricity from Ovo. My gas bill  (heating, hot water and cooking) is larger than the electricity bill. Current direct debit Gas £121 per month Electricity £90 per month (more than double of actual usage)  How will my total energy bills be limited to no more than £2500 ?

They won't be it's not a limit. A price per kWh for gas and electricity will be released soon we all home and then you can calculate how much it will cost you an your actual usage.

It is not an all you can eat for £2500 deal.

It’s just extraordinary that this simple fact seems to be beyond so many peoples’ comprehension.