Energy bills to rise from 1 January - high electricity users will be harder hit

MSE_Clare

The price most households pay for gas and electricity will rise by 0.2% on average from Thursday 1 January as energy regulator Ofgem has announced the latest Energy Price Cap rates. However, MoneySavingExpert.com founder Martin Lewis has warned that high electricity users will see bills rise by much more.

Energy bills to rise from 1 January but Martin Lewis warns that high electricity users will be harder hit by Price Cap change

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Scot_39

The all electric cap another 4.3% on average, after tge 3% hike in Oct profile class 2 cap.

As UK energy policy continues to hammer those who already pay the highest cost per kWh for their (Ofgem regulated at any rate) home energy - conventional electric heating users.

wrf12345

Looks likely, then, that any budget changes will come in from the start of April, luckily fixed until after then but no longer bothered as any increase in s/c means I will just not pay the bill, don't care about my credit rating. Done that already with water.

born_again

0.2%. Could have been worse.

Can live with that.
But really need to delink gas from the price setting.

Swipe

wrf12345 said:

Looks likely, then, that any budget changes will come in from the start of April, luckily fixed until after then but no longer bothered as any increase in s/c means I will just not pay the bill, don't care about my credit rating. Done that already with water.

Until you try to change supplier and they do a hard check on you and then ask for money up front as a deposit due to your damaged rating.

michaels

wrf12345 said:

Looks likely, then, that any budget changes will come in from the start of April, luckily fixed until after then but no longer bothered as any increase in s/c means I will just not pay the bill, don't care about my credit rating. Done that already with water.

So glad I am paying extra to subsidise your lifestyle

Bendo

Shocking that. Who would ever have thought that high users of something that is sold by a unit price would be hit harder.

Can't wait for the next big MSE revelation.

matt_drummer

Bendo said:

Shocking that. Who would ever have thought that high users of something that is sold by a unit price would be hit harder.

Can't wait for the next big MSE revelation.

It is rather odd that all the extra costs for getting rid of the polluting energy source that they don't want you to use are bunged onto the energy that they would prefer you to use rather than the one they don't want you to use.

It doesn't make sense.

Stick the levies on gas to persuade people to move away from it.

Spoonie_Turtle

Bendo said:

Shocking that. Who would ever have thought that high users of something that is sold by a unit price would be hit harder.

High users of gas get their prices going down though, it's electricity that's disproportionately going up.  That was the point.

Scot_39

Bendo said:

Shocking that. Who would ever have thought that high users of something that is sold by a unit price would be hit harder.

Can't wait for the next big MSE revelation.

No its because gas unit rate is falling and electric unit rate is rising.

Gas wins on duel fuel cap at tdcv - even covering the increase SC to some extent.

It's electric thats getting hammered again - another 5% unit - 4.3% on E7 cap - after Octobers rise

wrf12345

Come April gas rate may be right down if the war ends, ideal time to get rid of gas s/c, add VAT and some other bits from the electric to the unit rate so that it will still be below today's rate, so no inflation, but closer to the electric rate, as well as getting rid of the electric s/c and VAT.