shaun71
Well-known member
Ive been quite happy with Octopus. Im paying £100 now and thought Id check to see what the fixed rates are, and its doubled to £200. Just staying on the variable and see what happens!Thank goodness for that
Ive been quite happy with Octopus. Im paying £100 now and thought Id check to see what the fixed rates are, and its doubled to £200. Just staying on the variable and see what happens!Thank goodness for that
Great, more national debt to add to the mountain we already haveEnergy bill rebates to help against rising costs
Boris Johnson is poised to announce billions of pounds in state-backed loans to reduce the impact of soaring energy prices on household bills.The prime ministerwww.thetimes.co.uk
“The firms will recoup the money from consumers in subsequent years to pay back the loans as energy prices fall.”Energy bill rebates to help against rising costs
Boris Johnson is poised to announce billions of pounds in state-backed loans to reduce the impact of soaring energy prices on household bills.The prime ministerwww.thetimes.co.uk
More like a bung to the public after party gate“The firms will recoup the money from consumers in subsequent years to pay back the loans as energy prices fall.”
This is just a short term stop gap to help the energy companies then?
You don’t usually have to pay bungs back. It’s a short term gain for long term pain.More like a bung to the public after party gate
Absolutely not. Not even worth considering. Try and ue more of something we know for a fact is destroying the world we live in? No thank youHow about we start exploring for O&G again, like our good friends In Norway? There are ways to make it more kind to environment. Investment in Gas storage also.
Wholeheartedly agree that we need to find additional sources for clean energy, However we are a long, long way off heating our homes with anything other than Gas.None of these suggestions are particularly useful. By the time anything is implemented and usable the wholesale price will probably have dropped to normal levels and we'll carry on as we are. Also, I've not read through all of this thread so not sure if someone has already mentioned it but we already produce plenty of gas in this country but we export it all because *we* don't produce it, private companies do. Nuclear, wind, hydro, fracking or whatever is meaningless if it is a private company that is producing the energy because we are then still at the whims of the wholesale market but with a huge up front infrastructure cost which might be better spent just subsidising bills.
I've just run the numbers on my energy bills, my fix is due to end this month. Currently costing me £155 per month ( £60 of that is charging my EV). Price cap going to have me at £291 (£112 for the EV). That makes it about the same cost to charge my EV as a 60mpg petrol car would be at £1.45 per litre.
One thing I'm not sure on, does the price cap only affect the unit cost or does it affect the standing charge as well? I'm using the below figures:
The rates under the price cap also vary by region, but on average, they are currently set at:
- 4p per kilowatt hour (p/kWh) for gas
- 21p/kWh for electricity
- A standing charge of 26p per day for gas
- A standing charge of 25p per day for electricity
So we will carry on paying higher prices, the infrastructure and other means of heating isn't there yet. Gas will be our main source of heating in our homes for the next 10/15 + years without a shadow of doubt.Absolutely not. Not even worth considering. Try and ue more of something we know for a fact is destroying the world we live in? No thank you
That's no excuse to destroy the planet. If anything we should do that opposite. Do as much as possible to stop our reliance on the things whose price fluctuations are causing the price rises.So we will carry on paying higher prices, the infrastructure and other means of heating isn't there yet. Gas will be our main source of heating in our homes for the next 10/15 + years without a shadow of doubt.
If price is high because supply is low then it makes sense to increase supply. It all depends whether we can increase supply enough to cover our own requirements or not so we aren't reliant on wholesale markets though. I have no idea if that is even possible so I won't comment.That's no excuse to destroy the planet. If anything we should do that opposite. Do as much as possible to stop our reliance on the things whose price fluctuations are causing the price rises.
It seems crazy to me for someone to say we should use more gas, as a solution to high gas prices.
Short termisim at best.
They could, but who finances that? They're all private companies.I am being stupid but can't OFGEM just keep the price cap as it is and tell the big energy suppliers to take some losses after years and years of obscene profits???
The shareholders wouldn't agree to itI am being stupid but can't OFGEM just keep the price cap as it is and tell the big energy suppliers to take some losses after years and years of obscene profits???
That was kind of where I was coming from, the price cap stops in place and if the energy suppliers won't hang around taking a hit till the wholesale prices drop (during the lowest energy consumption time of the year) then the state takes over.They are separate from the government. They are there to make sure companies aren't ripping customers off and passing on rising costs via higher prices isn't ripping us off.
The government could help by offering households or the companies a subsidy but OFGEM couldn't enforce anything like that. Freezing the price cap would probably just put the rest of the companies out of business. Interesting concept because the government would probably have to step in and save the companies or nationalise them. A nationalised company would be able to keep prices low if the government guaranteed to cover losses.
More likely taxpayers will cover the losses and the private companies will rake in huge profits once wholesale prices drop and prices stay high.