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

superM

That's another lie from the government saying the energy will be average 2.5k for 1 year rather than 2. But it's only 6 months.  

A failed promise by the PM. 

My energy at the moment is £3950 a year.  I earn 25k with 2 kids with some tax credits. 

The tax credit is all going on energy bill plus from my salary. 

If it goes up more than 4k I will not be able to afford it. 

Ultrasonic

superM said:

That's another lie from the government saying the energy will be average 2.5k for 1 year rather than 2. But it's only 6 months.  

If you want to play that game it's effectively longer than 6 months since the prices will be lower over the winter period where energy use is highest.

superM

Ultrasonic said:

superM said:

That's another lie from the government saying the energy will be average 2.5k for 1 year rather than 2. But it's only 6 months.  

If you want to play that game it's effectively longer than 6 months since the prices will be lower over the winter period where energy use is highest.

They need to say 6 months. They are misleading people by saying 1 year. Not everyone is clever enough to understand the difference. 

They need to tax high earners. One of the energy firm boss received millions in profits when people are struggling to put heaters on. 

Ultrasonic

superM said:

Ultrasonic said:

superM said:

That's another lie from the government saying the energy will be average 2.5k for 1 year rather than 2. But it's only 6 months.  

If you want to play that game it's effectively longer than 6 months since the prices will be lower over the winter period where energy use is highest.

They need to say 6 months. They are misleading people by saying 1 year. Not everyone is clever enough to understand the difference. 

Could you provide a link to demonstrate exactly what has been said? The £400 payment may be relevant in the calculation for example.

Sea_Shell

Mstty said:

Sea_Shell said:

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.

£7700 a year for the average user as of last Friday from Auxilione. But changing rapidly

As per ML on FB... maybe not as bad as their prediction ? 🙄

NEWS: The projected new energy price cap, that we assume will start in April when the price guarantee ends, will be:

UP 73% taking a bill for typical use (use more pay more use less pay less) from £2,500/yr to £4,350

The cap will then be DOWN 15% in July to £3,700/yr typical use. Then it is predicted to stabilise around that level.

However these are very early day predictions (thanks to 

Cornwall Insights for getting them to us so quickly), we are not even in the April cap assessment period (17/11 to 17/2) yet, so could change a lot.

If these are in the right ballpark, the promised 'targeted help' will need to be targeted up into middle incomes for people to get through this. Especially if it stays at those levels for the next winter.

xeny

superM said:

They need to tax high earners. One of the energy firm boss received millions in profits when people are struggling to put heaters on. 

Are there enough people earning that sort of money that even if they were subject to 100% tax it would be a meaningful amount for the billions we're looking at? My suspicion is no.

chris1973

using smart plugs everywhere to not have anything on standby

Totally counterproductive you do know that Smart Plugs continually draw energy and themselves have a standby quiescent current to enable them to constantly remain connected to wifi and ready to switch on don't you?

Even where the Smart Plug does draw less current than whatever on stand by is connected to it, you still have to claw back the purchase cost of the Smart Plug.

Better to just get off the Sofa, and plug in what you need when you need it. You remove all standby current and save the cost of purchasing the smart plug. Win - Win. Unless you live in a Palace or a 50 room hotel, I can't see how that would be a chore.

If you have kids, deduct pocket money or Games Console time, for occasions where they leave the TV, chargers, consoles, lights etc on. They'll soon adapt. Life is tough, its going to be even tougher by the time they have bills of their own to pay!.

Spoonie_Turtle

k_man said:

Spoonie_Turtle said:

xeny said:

Robgmun said:

We only have the boiler on 1hr twice a day to make sure everyone has enough hot water to shower and clean the dishes, brush their teeth etc. 

Maybe I'm doing it wrong, but I've always used cold water for this?

You evidently don't have sensitive teeth.  (Warm water though, not hot.)

Without wanting to go off topic/at a tangent, but... the only water used when brushing teeth should be to rinse the toothbrush, which is unlikely to be sensitive to warm or cold water.
There, I saved you a little DHW and water cost.

https://www.nhs.uk/live-well/healthy-teeth-and-gums/how-to-keep-your-teeth-clean/#:~:text=Don't rinse with water straight after toothbrushing&text=Don't rinse your mouth,and reduces its preventative effects.

Don't rinse with water straight after toothbrushing

After brushing, spit out any excess toothpaste.

Don't rinse your mouth immediately after brushing, as it'll wash away the concentrated fluoride in the remaining toothpaste.

Rinsing dilutes it and reduces its preventative effects

Thanks, I don't, but a toothbrush ran under stone cold water is still painful.  And rinsing my hand off (because poor muscle tone means I can't keep the toothpaste in my mouth before spitting) in stone cold water is also painful.

Spoonie_Turtle

RyanHello said:

Yet again, the working population of this country are being punished by the conservative party.
No doubt this "targeted" approach will include those on benefits and those refusing work.

Going to work and trying to earn a living seems to make you worse off.. It's not right.

Actually the changes to Universal Credit last year were entirely targeted towards helping working people.

People cannot refuse work and claim help from the state.  If they claim benefits and refuse work, they can lose up to all of their money and for up to 6 months.
https://www.gov.uk/government/publications/universal-credit-sanctions-statistics-background-information-and-methodology/a#context-of-the-statistics

People who refuse work and don't claim state help, living off their savings, won't get any targeted help anyway.

dunstonh

Robgmun said:

dunstonh said:

I disagree.   People have become lazy with cheap energy.  It is very easy for most to reduce their energy costs.  We reduced ours from 20kWh per day to under 10kWh per day just by turning things of at the plug and not leaving them on standby, changing some bulbs and using them less, using eco modes on the dishwasher and replacing an older Fridge/freezer

We see threads like that in this section every week.

You see "dunstonh", we have done almost exactly the same thing. We reduced ours from 20kWh per day to under 10kWh per day also (can post my stats if you want). We went from using £210 worth per month in Aug to £93 per month in Sept. We're on track to use £105 in Oct due to price rises. 

We changed all our light bulbs to LED, turned off the immersion heater on the boiler, using smart plugs everywhere to not have anything on standby. We don't waste electricity anywhere, we don't use dishwashers or tumble dryers (never had) We only have the boiler on 1hr twice a day to make sure everyone has enough hot water to shower and clean the dishes, brush their teeth etc. We don't have a car, never go on holiday. Never go out to restaurants or the cinema. We don't have any more Luxarys to cut. 

Is there anything else we can do dunstonh while you pontificate on high? Because your posts are pretty insulting while we despair at the fact princes are possibly going to double in 6 months

You call posts about saving money, on a money saving site insulting?   Read the crowd.

And if you are using 10kWh per day living that life then there is something wrong with you.     A 10kWh per day reduction hasn't required any change in lifestyle.  Just a few tweaks to habits.

Perhaps you should make a real effort to reduce your energy use rather than posting the rubbish you have here.