£3 a day bill

markin

SAC2334 said:

My total bill  last month was £53 in 32 days which equals £1.65 a day .Gas was £10 .70 , electric £42. 21.
 
Soon as the gas heating go s on seriously its going to prob around £6 or £7 a day. I m on Octopus Tracker rates a lot lower than SVT rates all year 

If you posted KWH along with that people could work out how much cheaper you got that energy on tracker vs their own bill and usage.

pseudodox

Good luck with self-insuring re buildings when you have a mortgage or with car insurance.  I have done it with household contents & the part of travel insurance that covers possessions.  I happily pay travel insurance to cover medical emergencies/repatriation of my mangled body or even corpse.

And insurance is a collective payment, helping others who need to claim - like National Insurance pays for everyone to have a state pension, although it does rely on a proportion not living to pension age.  I am not handing over excess money to an energy company for it to be used to pay someone else's bills!

stu12345_2

insurance is a legal requirement.noone has a million quid in jar incase they run someone over in their car and kill them.
so they pay the £400 or whatevers.
the actual insurance business only works if thousands of folk pay upfront and insurers hope they never make a claim.
in reality it's a pyramid scheme.

ArbitraryRandom

pseudodox said:

Good luck with self-insuring re buildings when you have a mortgage or with car insurance.  I have done it with household contents & the part of travel insurance that covers possessions.  I happily pay travel insurance to cover medical emergencies/repatriation of my mangled body or even corpse.

And insurance is a collective payment, helping others who need to claim - like National Insurance pays for everyone to have a state pension, although it does rely on a proportion not living to pension age.  I am not handing over excess money to an energy company for it to be used to pay someone else's bills!

A mortgage is another example of you buying something in instalments of an unknown end value - if you paid upfront for your home/only bought a home you could afford then you wouldn't be required to pay for insurance that you might not need

But ultimately the point we're making is that there's nothing inherently wrong with paying in instalments, even for something that you might not end up using or when you might end up overpaying vs paying upfront - and the line for what's good and what isn't is with the individual. 

Remember, your 'excess' payment allows energy companies to buy in advance, keeping prices lower for all customers, to invest in green/renewables, and allows them to fund various social schemes... 

Gerry1

ArbitraryRandom said:

pseudodox said:

Good luck with self-insuring re buildings when you have a mortgage or with car insurance.  I have done it with household contents & the part of travel insurance that covers possessions.  I happily pay travel insurance to cover medical emergencies/repatriation of my mangled body or even corpse.

And insurance is a collective payment, helping others who need to claim - like National Insurance pays for everyone to have a state pension, although it does rely on a proportion not living to pension age.  I am not handing over excess money to an energy company for it to be used to pay someone else's bills!

Remember, your 'excess' payment allows energy companies to buy in advance, keeping prices lower for all customers, to invest in green/renewables, and allows them to fund various social schemes... 

Yeah, right...

https://www.theguardian.com/business/2022/jul/26/how-ex-footballers-energy-gamble-ended-up-costing-bill-payers-700m-avro

ArbitraryRandom

Gerry1 said:

ArbitraryRandom said:

pseudodox said:

Good luck with self-insuring re buildings when you have a mortgage or with car insurance.  I have done it with household contents & the part of travel insurance that covers possessions.  I happily pay travel insurance to cover medical emergencies/repatriation of my mangled body or even corpse.

And insurance is a collective payment, helping others who need to claim - like National Insurance pays for everyone to have a state pension, although it does rely on a proportion not living to pension age.  I am not handing over excess money to an energy company for it to be used to pay someone else's bills!

Remember, your 'excess' payment allows energy companies to buy in advance, keeping prices lower for all customers, to invest in green/renewables, and allows them to fund various social schemes... 

Yeah, right...

https://www.theguardian.com/business/2022/jul/26/how-ex-footballers-energy-gamble-ended-up-costing-bill-payers-700m-avro

And the Government have never poorly invested 'national insurance' (which isn't IMO is a tax rather than an insurance)?  

Energy companies treat overpayments as revenue funding - meaning they use it to fund day to day operations... which includes hardship funds, community grants, investment in renewables and a range of other 'voluntary' activities they undertake. 

Personally I think businesses are businesses and don't choose my finances based on perceived social goods, but if you are someone who considers insurance (ignoring NI for the moment) a social good, with the majority paying in to benefit the minority and setting aside the profits made by shareholders, then you should really use the same stick to measure energy companies. 

Spoonie_Turtle

ArbitraryRandom said:

Gerry1 said:

ArbitraryRandom said:

pseudodox said:

Good luck with self-insuring re buildings when you have a mortgage or with car insurance.  I have done it with household contents & the part of travel insurance that covers possessions.  I happily pay travel insurance to cover medical emergencies/repatriation of my mangled body or even corpse.

And insurance is a collective payment, helping others who need to claim - like National Insurance pays for everyone to have a state pension, although it does rely on a proportion not living to pension age.  I am not handing over excess money to an energy company for it to be used to pay someone else's bills!

Remember, your 'excess' payment allows energy companies to buy in advance, keeping prices lower for all customers, to invest in green/renewables, and allows them to fund various social schemes... 

Yeah, right...

https://www.theguardian.com/business/2022/jul/26/how-ex-footballers-energy-gamble-ended-up-costing-bill-payers-700m-avro

And the Government have never poorly invested 'national insurance' (which isn't IMO is a tax rather than an insurance)?  

And don't forget the magic money tree that bore much of its fruit straight into the pockets of MPs' mates in the first year or so of the pandemic.

/Rezips mouth so as not to cause any (further) trouble.