Autumn Budget 2025: Energy bills to be cut by £150 from April 2026

Spoonie_Turtle

Qyburn said:

Fixes received the EPG subsidy if I remember rightly.

True, but that was because those fixes were based on rocketing wholesale energy costs.

Scot_39

It was a capped discount - so in theory not all got the £2500 equivalent floor rates - say if taken at very high rates just before the EPG announced.

https://www.gov.uk/government/publications/energy-bills-support/energy-price-guarantee-up-until-30-june-2023

Scot_39

EssexHebridean said:

JamesO said:

As someone on a fix I'm not understanding why Martin would want to set the precedent of people on fixes having their rates changed during the fix... that's the whole point of a fix. 

This relates to an in-effect tax saving for people though - that's the way it's been dressed up in the budget at least. On that basis, no it wouldn't be fair if those who'd done the prudent thing and made the effort to fix to save themselves money then didn't benefit from the saving which is supposed to be available for all households. 

No it isnt a tax saving at all for many.

And no one should ge fooled by Reeves political smoke and mirrors attempt at painting it as such.

Its a direct transfer from regressive energy bill loading to future progressive taxation - so in reality many homes likely to pay more to help the poorer in society - dividend income 2% from Apr in step - others delayed - like the private landlords / so their tennants who will pay as always, for some savers from Apr 27, for those paying taxes near thresholds Apr 28, and those with salary sacrifice pension contributions - a manifesto breaching absolute NI increase from Apr 2029.

And given for years now policy costs have generally risen - why is it fair for those on svt to pay new pseudo taxes immediately introduced in caps - but not those on fixes.

Folk taking out a fix in Sep won't be paying a penny extra for whd extension(17), new network costs (24),  others now  for nuclear financing (14) and whd recalc (9) to come in Jan cap etc.

And longer term - the £79/50% total increase in policy costs increase from Apr 24r to Jan 26 caps - there will be people on 2 year fixes not paying a penny extra towards that for maybe another 3 months - schemes like eco itself,  whd, additional network balancing and curtailment fees etc etc and of course tge increases for debt subsidy and right off.

You should not really expect have one rule for when policy increases costs - and another when it cuts costs - on such short term deals.

The heads I win, tails you lose and I still win approach.

It isnt how fixes work.

If you want policy cost pass through - then take out contracts like SP flexi or stay on variable tariffs.

Or if you want these savings come April,  well it seems only fair suppliers go back over the durations of current and all past fixes -  for ever - even if limit to 6 year court actionable debt period - and reclaim all previous unpaid policy cost additions - and I guess to be fair refund any reductions - they have absorbed / kept whilst keeping rates and standing  charges fixed.  

I warn you many would lose far more than would be gained by bringing this one charge forward for tgd remainder of their fixes.

Oh and kill the fix market in uk as we know it dead for good- just like it died temporarily post crisis.

And all fixes will be like SP flexi - so that suppliers can protect their meagre margins - in the face of ongoing future cost increases - like the recent predicted additional £108 in network costs by 2020 - oops 2030