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

RobM99

Problem is, money- and energy-saving measures aren't always a massive help.

Ooh turn the lights off, you'll save 20 watts an hour! The obvious things do - if it gets hot a long time, prepare to pay a LOT!

Mstty

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

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

😱😱😱

Have you got a link to the current chart (or screen grab).

Ultrasonic

As shambolic as this has been, I'm going to choose to take a glass half-full attitude and hope this does now mean we'll end up with much better targeted support from April. Am I confident? Of course not!

(I can't stand Jeremy Hunt for the damage he did to NHS payscales but he is at least seemingly acting much more like a sensible grown-up compared to where we were.)

Robgmun

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.

I've already looked at how to "save energy", I've cut my overall bill by a 3rd, even with the Oct price rise. I can't save any more energy without sitting in the dark reading by candle light, we have to live humanly you know. If the prices rises continue as planned we'll be spending more than we ever have. 

So you can stick your post up your behind. Middle income earners need help too

xeny

Robgmun said:

So you can stick your post up your behind. Middle income earners need help too

If most are helped, the ones who reduce consumption will subsidise the ones who don't via tax paying for the subsidy. I'd rather a price incentive was there for all except those who really need it.

dunstonh

mark_cycling00 said:

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

I think the ones that are going to suffer the most are small business owners.

Corporation tax going from 19% to 19% on first £50k, 26.5% on the next £200k and 25% on the rest.
Dividend tax not having the social care levy removed from it (but NI still is).  That is 7.5% going back to 8.75%.

Problem is, money- and energy-saving measures aren't always a massive help.
Ooh turn the lights off, you'll save 20 watts an hour! The obvious things do - if it gets hot a long time, prepare to pay a LOT!

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.

MattMattMattUK

Robgmun said:

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.

I've already looked at how to "save energy", I've cut my overall bill by a 3rd, even with the Oct price rise. I can't save any more energy without sitting in the dark reading by candle light, we have to live humanly you know. If the prices rises continue as planned we'll be spending more than we ever have. 

So you can stick your post up your behind. Middle income earners need help too

Middle income earners will have to cut back on luxury expenditure, it is not going to be fun but it is what will have to happen. My mortgage is going to go up, my energy bill will go up, food costs have risen and will continue to rise, that means I have to cut back on social expenditure, have the heating on much less, make sure I only wash full loads, take shorter and cooler showers, I will cut down more on expensive foods, meat etc. Middle income households might want help, but they don't need help, there is a fundamental difference.

sienew

Robgmun said:

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.

I've already looked at how to "save energy", I've cut my overall bill by a 3rd, even with the Oct price rise. I can't save any more energy without sitting in the dark reading by candle light, we have to live humanly you know. If the prices rises continue as planned we'll be spending more than we ever have. 

So you can stick your post up your behind. Middle income earners need help too

Candles are one of the most expensive forms of lighting. LED's are exceptionally cheap to run. For cooking a mix of microwaves/slow cookers are very affordable to run. Heating is the most difficult to get cheaply, electric blankets being one of the cheapest sources and draught proofing does give a great ROI. Showers, especially if you reduce the heat and flow rate are fairly low cost. I'm not saying any of these lead to a good or enjoyable life, they don't but nobody should be in the dark or freeing to death even if the price dramatically rises. Standards of living will massively fall for many if the price guarantee is totally cancelled.

Like I said before the EPG was announced I am a big fan of proposals that gives every person an allowance of cheap/subsidised energy to provide for their basic need. If you go above that basic need the prices shouldn't be subsidised by the taxpayer.

maisie_cat

sienew said:

Like I said before the EPG was announced I am a big fan of proposals that gives every person an allowance of cheap/subsidised energy to provide for their basic need. If you go above that basic need the prices shouldn't be subsidised by the taxpayer.

This is the most sensible idea, I don't understand why something this simple is made so complicated