Energy Price Guarantee No Longer 2 years just 6 months at current level

Mstty

Just announced the EPG will be scaled back.

Between now and April 2023 unchanged but April 2023 onwards no guarantees.

A reduction of help is likely but not to the same extent as now.

DiseasedBunny

So just about managing earners will get no support from April….Quelle surprise 

Mstty

Quite a few of us called this back in October it will not be guaranteed for 2 years that was fiscal suicide.

What a mess they have created.

GingerTim

Hopefully they will be rather quicker with the details for the 'targeted approach' than with the details of the previous scheme...

Ballymoney

Glad I didn’t abandon my fix now. What a shambles this government are!!

dunstonh

To be honest, that is a sensible move.   The current package was far too generous.   Many people initially looked at how they could save energy but gave up with the EPG came.  

Now people can go back to finding ways to save energy, and if they don't, then they pay for it bar those that really need support.

Plus by April, we will be through the worst and heating use will be falling.

Mstty

dunstonh said:

To be honest, that is a sensible move.   The current package was far too generous.   Many people initially looked at how they could save energy but gave up with the EPG came.  

Now people can go back to finding ways to save energy, and if they don't, then they pay for it bar those that really need support.

Plus by April, we will be through the worst and heating use will be falling.

Agreed, most sensible people saw this coming

Mstty

GingerTim said:

Hopefully they will be rather quicker with the details for the 'targeted approach' than with the details of the previous scheme...

You know that won't be the case

mark_cycling00

The German plan (as I have read it) is a fixed energy cost for 80% of your usual winter usage.

This encourages less energy usage and should prevent the German government from having to purchase the most expensive energy in the open market this winter.

However, I don't think it's reasonable to tell families whose mortgages, food bills and energy costs have skyrocketed that they now need to find large sums of money to spend on new windows, roofing insulation and electric cars. People on an average salaries are now eating through their savings just to afford the basics

Astria

dunstonh said:

To be honest, that is a sensible move.   The current package was far too generous.   Many people initially looked at how they could save energy but gave up with the EPG came.  

I do wonder about those people who quit their fixes because of the EPG, and now the EPG is ending they won't be able to return to their fixes, a nice move to get people off fixes and onto the SVT, where you can more closely control the price.

Sea_Shell

Where were we with the latest price predictions from Auxilione and Cornwall insight regarding the likely picture in April 23?

Obviously, predictions all went a bit quiet after the EPG announcement, but this is going to be back on people's radar again now.