Footballfirst Posted August 4, 2022 Share Posted August 4, 2022 Re the frequency of price cap reviews increasing to quarterly. A price cap is not a price cap if all it does is follow the international market price. The capping process should also take into account the profits being generated by the suppliers and providers. The cap should be working to actually "cap" prices. If profits generated are deemed as being excessive or unearned, then the cap should be lowered for consumers to bring those profits down to a more normal level as would occur in a stable energy market. Quote Link to comment Share on other sites More sharing options...
Cade Posted August 4, 2022 Share Posted August 4, 2022 33 minutes ago, Jambo-Jimbo said: Nothing's impossible. If the Government wanted a state run energy company, they have the perfect opportunity to do so right here and now. I'm sorry to repeat myself, but as the government are propping up Bulb with taxpayers money, Bulb are effectively state run already, all the government has to do is when the next rate increase happens in October, is to set Bulb's at a much lower rate than everybody else. People will switch to Bulb in their droves, so much so that the other energy companies will have to lower their prices as well, just to stay in business. It would achieve two things, one lower prices for everybody and two the state run company would increase it's customer base ten fold and become one of the if not the UK's biggest energy supplier. Don't hold your breath on any of that happening though. THAT'S COMMUNIST Quote Link to comment Share on other sites More sharing options...
Lone Striker Posted August 4, 2022 Share Posted August 4, 2022 (edited) 12 minutes ago, Footballfirst said: Re the frequency of price cap reviews increasing to quarterly. A price cap is not a price cap if all it does is follow the international market price. The capping process should also take into account the profits being generated by the suppliers and providers. The cap should be working to actually "cap" prices. If profits generated are deemed as being excessive or unearned, then the cap should be lowered for consumers to bring those profits down to a more normal level as would occur in a stable energy market. Correct. Its potentially a much better/fairer way of providing a balance between the end customers interest and the energy companies' interests. Eliminates all this to & fro chat about windfall taxes, which would only benefit the Treasury if it happened. No doubt Ofgem would claim that the cap they're setting in October is a fair one, but thats hard to justify when BPs reported profits have just TRIPLED to £7bn for the 12 months. Edit - just seen a report about the "Don't Pay" campaign. Some civil disobedience might be on the way. Edited August 4, 2022 by Lone Striker Quote Link to comment Share on other sites More sharing options...
Mikey1874 Posted August 4, 2022 Share Posted August 4, 2022 In one bit of good news, research has seen a shift in that children now see their families going to food banks as normal and nothing to be embarrassed about. Quote Link to comment Share on other sites More sharing options...
Boab Posted August 4, 2022 Share Posted August 4, 2022 (edited) Something will have to give. If consumers “ shut up shop “ and it looks like a full blown recession, the energy issue will have to addressed because, simply, people have to use energy, they don't have to spend, and won't if they can't. Edited August 4, 2022 by Boab Quote Link to comment Share on other sites More sharing options...
Mikey1874 Posted August 4, 2022 Share Posted August 4, 2022 Unless they decide to let people sink or swim there will need to a big Government intervention. Since they are unlikely to nationalise the energy companies and train companies (the figure from 'retail price index ' that sets train fares is predicted to be up to 20%) they will need to give people more money handouts. Quote Link to comment Share on other sites More sharing options...
Pans Jambo Posted August 4, 2022 Share Posted August 4, 2022 1 hour ago, Footballfirst said: Re the frequency of price cap reviews increasing to quarterly. A price cap is not a price cap if all it does is follow the international market price. The capping process should also take into account the profits being generated by the suppliers and providers. The cap should be working to actually "cap" prices. If profits generated are deemed as being excessive or unearned, then the cap should be lowered for consumers to bring those profits down to a more normal level as would occur in a stable energy market. That'll never catch on...🙄 Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 4, 2022 Share Posted August 4, 2022 1 hour ago, Lone Striker said: Edit - just seen a report about the "Don't Pay" campaign. Some civil disobedience might be on the way. I've just had updated T's & C's from Bulb in the last week, and this is addressed in the new T's & C's. On the subject of stopping your DD or not paying them, they (Bulb) will take all steps including legal action to recover the debt and they may install a pre-payment meter in your property, which of course if you owe them money will be set at an even higher rate to recover the debt. There is no mention of being cut-off. I don't know what consequences it would have, if any, on your credit rating if you were pursued for not paying your energy bill. On the subject of refunds, you can get a refund if your account is in credit, but only for the amount that you are over what your DD is, in other words, if you were £300 in credit and your DD was for £200, then you would only get £100 refund. Which means you can't get all of your own money back, not sure that I'm overly happy about that one, it's more the fact that your being told that you can't have your own money back, which you have built up. Quote Link to comment Share on other sites More sharing options...
Unknown user Posted August 5, 2022 Share Posted August 5, 2022 Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 What's everyone's leccy costing? I'm on 19.63p per KWh with a standing charge of 24.88p per day. No idea if that's good or bad. Quote Link to comment Share on other sites More sharing options...
inspector Posted August 5, 2022 Share Posted August 5, 2022 We don't have mains gas up here so have to get it from Calor. Use it for heating only. Cost per litre hasn't moved 39.9p per litre. Fill up twice a year at approx £350-£400 a time. Electricity is £285 per month. Quote Link to comment Share on other sites More sharing options...
Don Dan Posted August 5, 2022 Share Posted August 5, 2022 42 minutes ago, Greedy Jambo said: What's everyone's leccy costing? I'm on 19.63p per KWh with a standing charge of 24.88p per day. No idea if that's good or bad. BG 34.903 per KW standing charge 53.153 per day solar panels and battery storage free other than the capital cost which I doubt I’ll ever recoup Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 5, 2022 Share Posted August 5, 2022 56 minutes ago, Greedy Jambo said: What's everyone's leccy costing? I'm on 19.63p per KWh with a standing charge of 24.88p per day. No idea if that's good or bad. I'm with Bulb, 27.83p per kWh, standing charge 49.64p per day. You on a fixed deal? Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 (edited) 1 minute ago, Jambo-Jimbo said: I'm with Bulb, 27.83p per kWh, standing charge 49.64p per day. You on a fixed deal? Yeah, until August 2023. EDF Edited August 5, 2022 by Greedy Jambo Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 5, 2022 Share Posted August 5, 2022 7 minutes ago, Greedy Jambo said: Yeah, until August 2023. EDF The way things are going, by the time your deal finishes, you'll have to pay at least double, probably nearly treble to what your paying just now. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 2 minutes ago, Jambo-Jimbo said: The way things are going, by the time your deal finishes, you'll have to pay at least double, probably nearly treble to what your paying just now. Aye, i know, i'm hoping it's all sorted by then Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted August 5, 2022 Share Posted August 5, 2022 I'm currently with SO Energy Elec - 49.64p standing charge, 27.83p per kwh Gas - 27.21p standing charge, 7.32p per kwh All inclusive of VAT. Quote Link to comment Share on other sites More sharing options...
Irufushi Posted August 5, 2022 Share Posted August 5, 2022 Im with shell after green went bust. Electric 27.91kWh . 50.05 per day standing charge gas 7.34kWh . 27.22 per day standing charge. Quote Link to comment Share on other sites More sharing options...
Cade Posted August 5, 2022 Share Posted August 5, 2022 23 minutes ago, Footballfirst said: I'm currently with SO Energy Elec - 49.64p standing charge, 27.83p per kwh Gas - 27.21p standing charge, 7.32p per kwh All inclusive of VAT. Exactly the same prices with British Gas (standard variable rate) My fixed-price term ended about two months ago Quote Link to comment Share on other sites More sharing options...
Gizmo Posted August 5, 2022 Share Posted August 5, 2022 On 04/08/2022 at 16:06, Jambo-Jimbo said: I've just had updated T's & C's from Bulb in the last week, and this is addressed in the new T's & C's. On the subject of stopping your DD or not paying them, they (Bulb) will take all steps including legal action to recover the debt and they may install a pre-payment meter in your property, which of course if you owe them money will be set at an even higher rate to recover the debt. There is no mention of being cut-off. I don't know what consequences it would have, if any, on your credit rating if you were pursued for not paying your energy bill. On the subject of refunds, you can get a refund if your account is in credit, but only for the amount that you are over what your DD is, in other words, if you were £300 in credit and your DD was for £200, then you would only get £100 refund. Which means you can't get all of your own money back, not sure that I'm overly happy about that one, it's more the fact that your being told that you can't have your own money back, which you have built up. That's quite an aggressive stance for a failed, tax-payer bailed out company. I don't know where I stand regarding a campaign of non-payment but if it does happen in the millions, good luck installing that number of pre-payment meters overnight. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 I'm still due british gas about £130, pretty sure i wasn't even in the property at the time, so i've just dingyed them. It has been a few years now, i still get letters from a debt collector, but they do naff all else. On a side note, i found out that if you open a complaint with an energy company, they can't do feckall until you agree to whatever resolution they've offered you, so just don't agree to anything. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 5, 2022 Share Posted August 5, 2022 4 minutes ago, Gizmo said: That's quite an aggressive stance for a failed, tax-payer bailed out company. I don't know where I stand regarding a campaign of non-payment but if it does happen in the millions, good luck installing that number of pre-payment meters overnight. I don't know what the T's & C's are with the other suppliers, I'd imagine they'd all be pretty similar. Quote Link to comment Share on other sites More sharing options...
Irufushi Posted August 5, 2022 Share Posted August 5, 2022 There’s a don’t pay page on twitter, plenty saying they won’t pay but I’m too much of a shite bag to not pay. Quote Link to comment Share on other sites More sharing options...
luckyBatistuta Posted August 5, 2022 Share Posted August 5, 2022 25 minutes ago, Irufushi said: There’s a don’t pay page on twitter, plenty saying they won’t pay but I’m too much of a shite bag to not pay. Quote Link to comment Share on other sites More sharing options...
Irufushi Posted August 5, 2022 Share Posted August 5, 2022 15 minutes ago, luckyBatistuta said: Flog that pearl necklace of yours. Rough times ahead. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 5, 2022 Share Posted August 5, 2022 1 hour ago, Irufushi said: There’s a don’t pay page on twitter, plenty saying they won’t pay but I’m too much of a shite bag to not pay. Learnt my lesson with the poll tax......yeh, I'm not going to pay it I said, all that happened was they arrested my wages and added charges on, so in the end I paid even more. Quote Link to comment Share on other sites More sharing options...
Dennis Reynolds Posted August 5, 2022 Share Posted August 5, 2022 From what I read, it wasn't so much as refusing to pay but rather cancelling direct debits and switching to monthly bills. Removing all credit you have etc in the hope it has a substantial effect. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 I think it's actually refusing to pay, or at least delaying it, if everyone does that, they're going to notice I cancelled my direct debit fecking years ago. Quote Link to comment Share on other sites More sharing options...
henryheart Posted August 5, 2022 Share Posted August 5, 2022 On 04/08/2022 at 16:06, Jambo-Jimbo said: I've just had updated T's & C's from Bulb in the last week, and this is addressed in the new T's & C's. On the subject of stopping your DD or not paying them, they (Bulb) will take all steps including legal action to recover the debt and they may install a pre-payment meter in your property, which of course if you owe them money will be set at an even higher rate to recover the debt. There is no mention of being cut-off. I don't know what consequences it would have, if any, on your credit rating if you were pursued for not paying your energy bill. On the subject of refunds, you can get a refund if your account is in credit, but only for the amount that you are over what your DD is, in other words, if you were £300 in credit and your DD was for £200, then you would only get £100 refund. Which means you can't get all of your own money back, not sure that I'm overly happy about that one, it's more the fact that your being told that you can't have your own money back, which you have built up. I'm also with Bulb. On the issue of refunds, I don't think anything has changed; all that they are doing is clarifying the long standing practice of paying for your energy in advance and having a positive balance that at a minimum covers your average monthly bill. I was expecting them to up my payments after the last increase but they haven't, meaning that unusually for this time of year my balance has not built up over the summer. I have put money aside on this basis for a rainy day because there is going to be serious flooding come October when the next increase kicks in! By my calculation on top of my current direct debit payments I'm going to have to come up with an additional £2,000 to cover the winter period and that is having taken into account the £400 handout. I don't think my case is that unusual, meaning that a lot of people are going to find themselves in serious financial trouble. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 Just now, jonesy said: Dunno. Ask my neighbour 😉 better than 'ask the lampost' i suppose. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 4 minutes ago, jonesy said: My neighbour is a lamp post Quote Link to comment Share on other sites More sharing options...
Jambo_jim2001 Posted August 5, 2022 Share Posted August 5, 2022 9 minutes ago, Greedy Jambo said: better than 'ask the lampost' i suppose. Unless you are wired up to it🤫🤫 Quote Link to comment Share on other sites More sharing options...
Morgan Posted August 5, 2022 Share Posted August 5, 2022 1 minute ago, Jambo_jim2001 said: Unless you are wired up to it🤫🤫 He’s ‘wired up’ to something, that’s for sure. 👀 Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 2 minutes ago, Jambo_jim2001 said: Unless you are wired up to it🤫🤫 Sorry, that's gone right over my head. Quote Link to comment Share on other sites More sharing options...
Jambo_jim2001 Posted August 5, 2022 Share Posted August 5, 2022 4 minutes ago, Greedy Jambo said: Sorry, that's gone right over my head. Save money wire house up to the lampost🧐🤫 Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted August 5, 2022 Share Posted August 5, 2022 5 minutes ago, Jambo_jim2001 said: Save money wire house up to the lampost🧐🤫 lol Quote Link to comment Share on other sites More sharing options...
ArcticJambo Posted August 5, 2022 Share Posted August 5, 2022 Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 6, 2022 Share Posted August 6, 2022 France are having to import energy because of the heat wave they are having, they are having to cut output at nuclear plants as the river water temperature is too high to cool down the reactors. https://www.bloomberg.com/news/articles/2022-08-03/edf-to-curb-nuclear-output-as-french-energy-crisis-worsens France is often lauded for having such a high percentage of nuclear energy plants and with it cheap energy prices, however in a warming world maybe nuclear isn't the way forward either, especially when the rivers begin to run dry, as has happened to many in France, over a 100 towns/villages have ran out of drinking water and supplies are having to be brought in by trucks. https://www.euronews.com/my-europe/2022/08/05/more-than-100-french-towns-without-drinking-water-amid-historic-drought Quote Link to comment Share on other sites More sharing options...
Ked Posted August 6, 2022 Share Posted August 6, 2022 Spain is now setting new laws regarding energy use. Such as no air con till 27° and heating till below 19°. .There are other restrictions on energy use. It's being sold as sacrifice for Ukraine war amongst other things. https://www.standard.co.uk/news/world/costa-del-sol-spain-air-conditioning-energy-saving-rules-british-tourists-b1016853.html Some argue that we should be doing this anyway . Quote Link to comment Share on other sites More sharing options...
Ked Posted August 6, 2022 Share Posted August 6, 2022 https://www.bloomberg.com/opinion/articles/2022-08-04/european-energy-crisis-germany-s-switch-to-diesel-comes-at-a-cost .The cost increase of diesel will affect us all . And the continued burning of fossil fuel which was never mentioned in the article.Im not sure if there's much difference between diesel or gas in harm. Quote Link to comment Share on other sites More sharing options...
Konrad von Carstein Posted August 6, 2022 Share Posted August 6, 2022 What's the advice for when your current energy deal runs out? Fix it again or what? Mines runs expires next month Quote Link to comment Share on other sites More sharing options...
joondalupjambo Posted August 6, 2022 Share Posted August 6, 2022 (edited) 7 minutes ago, Konrad von Carstein said: What's the advice for when your current energy deal runs out? Fix it again or what? Mines runs expires next month Go to Money Saving Expert and follow links from main menu to Gas/Electric bills. Fixing suggested if certain % above the standard tariff you are being offered. Like you my fixed runs out next month and based on that advice I am best to go with the standard tariff. However it will all depend on what your company is offering you. Good luck. Edited August 6, 2022 by joondalupjambo Quote Link to comment Share on other sites More sharing options...
Konrad von Carstein Posted August 6, 2022 Share Posted August 6, 2022 2 minutes ago, joondalupjambo said: Go to Money Saving Expert and follow links from main menu to Gas/Electric bills. Fixing suggested if certain % above the standard tariff you are being offered. Like you my fixed runs out next month and based on that advice I am best to go with the standard tariff. However it will all depend on what your company is offering you. Good luck. Thanks. Am with Eon will have a look at MSE. Quote Link to comment Share on other sites More sharing options...
Cade Posted August 6, 2022 Share Posted August 6, 2022 Good luck finding any company that will offer you a fixed tariff right now Quote Link to comment Share on other sites More sharing options...
Konrad von Carstein Posted August 6, 2022 Share Posted August 6, 2022 17 minutes ago, Cade said: Good luck finding any company that will offer you a fixed tariff right now Eon have offered me one, estimated cost over the year >£4K compared to the variable tariff of circa £2.5K 0️⃣ Quote Link to comment Share on other sites More sharing options...
GBJambo Posted August 6, 2022 Share Posted August 6, 2022 2 hours ago, Ked said: Spain is now setting new laws regarding energy use. Such as no air con till 27° and heating till below 19°. .There are other restrictions on energy use. It's being sold as sacrifice for Ukraine war amongst other things. https://www.standard.co.uk/news/world/costa-del-sol-spain-air-conditioning-energy-saving-rules-british-tourists-b1016853.html Some argue that we should be doing this anyway . Absolutely I mean who put heating on at 19c that’s still roasting 😂 Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 6, 2022 Share Posted August 6, 2022 5 minutes ago, GBJambo said: Absolutely I mean who put heating on at 19c that’s still roasting 😂 Shorts & t-shirt weather in Scotland, in Spain though, probably hats gloves & thick padded coats. Quote Link to comment Share on other sites More sharing options...
GBJambo Posted August 6, 2022 Share Posted August 6, 2022 1 minute ago, Jambo-Jimbo said: Shorts & t-shirt weather in Scotland, in Spain though, probably hats gloves & thick padded coats. They need to toughen up then 😂 Quote Link to comment Share on other sites More sharing options...
joondalupjambo Posted August 6, 2022 Share Posted August 6, 2022 2 hours ago, Cade said: Good luck finding any company that will offer you a fixed tariff right now SSE offered me one. It could be if you are coming off a fixed one they offer you something. It was not a great offer though so sticking with standard tariff, wearing three jersey's a coat and a hat, no baths, going to the library and golf club to use their heating, putting on wood burner now and again and keeping the usage down😀 Only kidding, and should not be so flippant because there will be some real hardship out there this winter. We are lucky and have a cushion so will not be too bad. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted August 6, 2022 Share Posted August 6, 2022 23 minutes ago, joondalupjambo said: SSE offered me one. It could be if you are coming off a fixed one they offer you something. It was not a great offer though so sticking with standard tariff, wearing three jersey's a coat and a hat, no baths, going to the library and golf club to use their heating, putting on wood burner now and again and keeping the usage down😀 Only kidding, and should not be so flippant because there will be some real hardship out there this winter. We are lucky and have a cushion so will not be too bad. Everytime I've heard Martin Lewis go on about fixed rates, it's always been extortionate amounts he's been quoted, he's said for months that the best rates right now are the standard tariff's. It'll probably be a few years before decent fixed term offers return to the market place. Quote Link to comment Share on other sites More sharing options...
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