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

MoneyMate

What a PM, let's hope for a replacement this week.

Ryan_Holden

Mstty said:

Ryan_Holden said:

Had my suspicons this was coming, even started a topic about it.

Took a fix to counter it and then Octopus cancelled my fix when the EPG came out, so now stuck back with the variable. Maybe not so bad in the long run, but man, crazy.

Octopus could not cancel your fix you would have to have agreed to come off it?

Nope, they cancelled it, as is their right to withdraw the fix whenever they choose. In the small print.

Ryan_Holden

chubsta said:

wittynamegoeshere said:

 That may take the form of insulation, better appliances or, in some cases, just moving house.

Insulation costs money, better appliances cost money, moving house costs money. Money that people just don't have. It is easy to say that people should be responsible and make changes but the increases are so great, especially when added onto all the other bills such as food and fuel that are going up, that many just cannot afford to do them. I have worked shifts for 38 years to be able to afford my house, and I am supposed to just sell it because of profiteering by energy companies? And it is profiteering - the costs of getting it out of the ground or generating has barely changed, they are just charging more because they can, but the suppliers plead that they don't make much profit because they have to buy it at huge prices from the (parent) company that actually produces it.
The blasé attitude from many that you should just reduce usage etc is based on an attitude that everyone is leaving the heating on all day, old bulbs everywhere etc, when many people who will really struggle have actually done all they can. It is very similar to the famous quote from Prince Harry that if you don't feel fulfilled in your job you should just leave and get a better one, not realising that for the majority options in everything in life are very limited.

Here here. All the advice says I need to reduce my energy use, I really don't see how. I have an ultra lean house with just two people, and I really don't see how I can reduce it anymore.

mrsmac59

Ryan_Holden said:

Mstty said:

Ryan_Holden said:

Had my suspicons this was coming, even started a topic about it.

Took a fix to counter it and then Octopus cancelled my fix when the EPG came out, so now stuck back with the variable. Maybe not so bad in the long run, but man, crazy.

Octopus could not cancel your fix you would have to have agreed to come off it?

Nope, they cancelled it, as is their right to withdraw the fix whenever they choose. In the small print.

That is totally shocking and disgusting they could do that.
I just received e mail from BG 2 days ago,in line with new chancellor,suggesting I go onto svr rate,I did, O boy ,now have to decide whether to go back to fix,I have the14day cooling off period on my side I hope Martin comes out with projection of April cap  soon.!!!

[Deleted User]

mrsmac59 said:

Ryan_Holden said:

Mstty said:

Ryan_Holden said:

Had my suspicons this was coming, even started a topic about it.

Took a fix to counter it and then Octopus cancelled my fix when the EPG came out, so now stuck back with the variable. Maybe not so bad in the long run, but man, crazy.

Octopus could not cancel your fix you would have to have agreed to come off it?

Nope, they cancelled it, as is their right to withdraw the fix whenever they choose. In the small print.

That is totally shocking and disgusting they could do that.
I just received e mail from BG 2 days ago,in line with new chancellor,suggesting I go onto svr rate,I did, O boy ,now have to decide whether to go back to fix,I have the14day cooling off period on my side I hope Martin comes out with projection of April cap  soon.!!!

Are you sure that you have that option?  A cooling off period usually applies to the contract you are starting - not to the one that you have cancelled.

strawb_shortcake

savers_united said:

I too think the scheme was too generous given that everyone was still getting the £400 as well. It went from being worried about bills to having a lower bill then before the crisis as people's DD were getting the £66pm deducted.

I bet there were alot on the back of the news went and booked a holiday etc thinking that bills are protected for the next 2 years. It's crazy, a royal fook up but an action that was needed by the new chancellor to balance the books. 

To be honest, my first thought was Majorca 23' is definitely going ahead after the mini budget :-) more in jest as I have the means to holiday regardless of COL.

I also thought I should start a savings pot for my as yet unborn, unconcepted  grandchildren that will still be paying for this winters energy costs in years to come.

I do agree there will be many that made financial commitments based entirely on that budget that will now find themselves in a bit of pickle. 

Question now is does any actually believe Jeremy's hunts plans will make it any further than Kwarteng's? Is this just a game of pass the parcel where each layer of wrapping paper unveils a different level of economic instability. 

mrsmac59

[Deleted User] said:

mrsmac59 said:

Ryan_Holden said:

Mstty said:

Ryan_Holden said:

Had my suspicons this was coming, even started a topic about it.

Took a fix to counter it and then Octopus cancelled my fix when the EPG came out, so now stuck back with the variable. Maybe not so bad in the long run, but man, crazy.

Octopus could not cancel your fix you would have to have agreed to come off it?

Nope, they cancelled it, as is their right to withdraw the fix whenever they choose. In the small print.

That is totally shocking and disgusting they could do that.
I just received e mail from BG 2 days ago,in line with new chancellor,suggesting I go onto svr rate,I did, O boy ,now have to decide whether to go back to fix,I have the14day cooling off period on my side I hope Martin comes out with projection of April cap  soon.!!!

Are you sure that you have that option?  A cooling off period usually applies to the contract you are starting - not to the one that you have cancelled.

Bowing to your expert  knowledge I'll get in touch and find out otherwise I'm joining a queue of people getting screwed 

sienew

Alnat1 said:

Energy allowances per person could get very complicated. Will students register at home or their term address? Will it be every person or every adult? What about people who work away for months at a time? What about kids who spend equal time with parents who now live separately? What if couples split? Would it cover all fuels? It sounds like a system that would need to be so complicated it probably can't be done.

They could just use the electoral register which would answer most of these question.

They could even use the electoral register to target support, say to give a difference allowance to children vs adults or adults vs pensioners. No way of calculating things is going to be perfect (far from it) but this is probably the best option.

[Deleted User]

mrsmac59 said:

Deleted_User said:

mrsmac59 said:

Ryan_Holden said:

Mstty said:

Ryan_Holden said:

Had my suspicons this was coming, even started a topic about it.

Took a fix to counter it and then Octopus cancelled my fix when the EPG came out, so now stuck back with the variable. Maybe not so bad in the long run, but man, crazy.

Octopus could not cancel your fix you would have to have agreed to come off it?

Nope, they cancelled it, as is their right to withdraw the fix whenever they choose. In the small print.

That is totally shocking and disgusting they could do that.
I just received e mail from BG 2 days ago,in line with new chancellor,suggesting I go onto svr rate,I did, O boy ,now have to decide whether to go back to fix,I have the14day cooling off period on my side I hope Martin comes out with projection of April cap  soon.!!!

Are you sure that you have that option?  A cooling off period usually applies to the contract you are starting - not to the one that you have cancelled.

Bowing to your expert  knowledge I'll get in touch and find out otherwise I'm joining a queue of people getting screwed 

I seem to remember a thread a few weeks ago where someone left their fix for SVT (about when the EPG was announced), and then changed their mind within the 14 days - they weren't able to go onto their old fix, but onto whatever was being offered at the time (which wasn't as good of course).

Anything might be possible at the moment though, I'm not sure any normal rules apply right now.

ariarnia

sienew said:

Alnat1 said:

Energy allowances per person could get very complicated. Will students register at home or their term address? Will it be every person or every adult? What about people who work away for months at a time? What about kids who spend equal time with parents who now live separately? What if couples split? Would it cover all fuels? It sounds like a system that would need to be so complicated it probably can't be done.

They could just use the electoral register which would answer most of these question.

They could even use the electoral register to target support, say to give a difference allowance to children vs adults or adults vs pensioners. No way of calculating things is going to be perfect (far from it) but this is probably the best option.

children aren't on the register if theyre under 17 are they? and non uk citizens aren't on there. and people can register in two places. 

same problem with council tax. not everyone is registered. 

i think it would be very expensive and time consuming to do it per person which is why i think they did the 400 by household.