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April 24 2024 9.10am

Energy price cap

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View Dubai Eagle's Profile Dubai Eagle Online Flag 10 Sep 22 8.53am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

I struggle to understand - If the basis of the governments help / calculation revolves around the unit price then
why didnt they just start with - A unit of Gas is currently (on average) £ ......../ kwh & with the price cap it will not exceed £........ / kwh & a similar statement for Leccy -

The energy bills all have a unit price charged, how many units used & a £ total on them - why publish it in such a way that indicates the price cap is £2500 per average household -

Or have I misunderstood / been too simplistic -

Originally posted by YT

It's a dilemma though, isn't it? The "cost for an average home" statistic was adopted by Ofgem and then the media as a classic piece of dumbing down in the face of a public that is generally too stupid or too lazy to understand most things beyond the very basic.

 

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View cryrst's Profile cryrst Flag The garden of England 03 Oct 22 6.07am Send a Private Message to cryrst Add cryrst as a friend

[Link]

This is where our money goes. Excellent!!

 

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View Wisbech Eagle's Profile Wisbech Eagle Online Flag Truro Cornwall 12 Oct 22 12.12pm Send a Private Message to Wisbech Eagle Add Wisbech Eagle as a friend

I have just been advised by my energy supplier, who is now Shell after the collapse of my previous one, that my Direct Debit will increase in November. Which wasn't a surprise, given all that's happened. However, the amount was. I will be interested to know if others are experiencing similar levels.

I moved home last year, to a new build, very well insulated house, with an efficient condensing gas boiler for the heating and hot water. We have a combined tariff for gas and electricity. Nothing unusual at all.

When we moved in, the monthly DD was set at £117. It was then raised to £173 in the Spring, which seemed excessive given the usage. We have built up a tidy credit over the summer. I am keeping a careful eye on the meters so know what the usage is. Right now it's below what we used last year, and I think the credit balance would have been enough to balance everything by next March, at the new costs and £173 monthly.

However, the new DD will be £327 per month, to be reduced by the £66 monthly government grant. No argument seems possible!

I know that everything will even itself out in time and I will only ever pay for what is used, but am wondering if others have yet received their updated DD advice and whether their experience matches mine?

We can manage this, but for anyone on the breadline, potentially over paying could be very harmful.

 


For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

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View cryrst's Profile cryrst Flag The garden of England 12 Oct 22 12.28pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Wisbech Eagle

I have just been advised by my energy supplier, who is now Shell after the collapse of my previous one, that my Direct Debit will increase in November. Which wasn't a surprise, given all that's happened. However, the amount was. I will be interested to know if others are experiencing similar levels.

I moved home last year, to a new build, very well insulated house, with an efficient condensing gas boiler for the heating and hot water. We have a combined tariff for gas and electricity. Nothing unusual at all.

When we moved in, the monthly DD was set at £117. It was then raised to £173 in the Spring, which seemed excessive given the usage. We have built up a tidy credit over the summer. I am keeping a careful eye on the meters so know what the usage is. Right now it's below what we used last year, and I think the credit balance would have been enough to balance everything by next March, at the new costs and £173 monthly.

However, the new DD will be £327 per month, to be reduced by the £66 monthly government grant. No argument seems possible!

I know that everything will even itself out in time and I will only ever pay for what is used, but am wondering if others have yet received their updated DD advice and whether their experience matches mine?

We can manage this, but for anyone on the breadline, potentially over paying could be very harmful.

If you have a smart meter you can refuse the DD and pay on your monthly usage which you can read yourself. I know someone who was in your position and now does this at the end of the month. He pays less than half of what his energy supplier wanted to set as his DD. Also remember that you are in charge of the DD and can alter it or cancel it whenever you want to. The money is better in your bank than theirs even if it isn’t causing concern financially.

 

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View palace99's Profile palace99 Flag New Mills 12 Oct 22 12.34pm Send a Private Message to palace99 Add palace99 as a friend

Originally posted by Badger11

Thanks I am sure there are people in a lot worse situation than me but nobody likes spending money if they don't have to.

You'll also get the £400 rebate over the next 6 months - this will help those in smaller/more energy efficient homes more.

So if you are say paying £100 per month and this was raised to c£130 due to the recent rise, it should reduce to c£65 for the next 6 months. Every little helps.

 

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View Badger11's Profile Badger11 Flag Beckenham 12 Oct 22 2.05pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Wisbech Eagle

I have just been advised by my energy supplier, who is now Shell after the collapse of my previous one, that my Direct Debit will increase in November. Which wasn't a surprise, given all that's happened. However, the amount was. I will be interested to know if others are experiencing similar levels.

I moved home last year, to a new build, very well insulated house, with an efficient condensing gas boiler for the heating and hot water. We have a combined tariff for gas and electricity. Nothing unusual at all.

When we moved in, the monthly DD was set at £117. It was then raised to £173 in the Spring, which seemed excessive given the usage. We have built up a tidy credit over the summer. I am keeping a careful eye on the meters so know what the usage is. Right now it's below what we used last year, and I think the credit balance would have been enough to balance everything by next March, at the new costs and £173 monthly.

However, the new DD will be £327 per month, to be reduced by the £66 monthly government grant. No argument seems possible!

I know that everything will even itself out in time and I will only ever pay for what is used, but am wondering if others have yet received their updated DD advice and whether their experience matches mine?

We can manage this, but for anyone on the breadline, potentially over paying could be very harmful.

Snap also with Shell after my company went bust.

My bill went from £45 per month to £100 per month with Shell they have now advised it will go to £120 per month after the discount.

I have just had a smart meter installed so I will give it a few months but they seem to over estimate peoples bills I am already in credit.

Keep an eye on your bills folks.

 


One more point

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View Forest Hillbilly's Profile Forest Hillbilly Flag in a hidey-hole 13 Oct 22 3.15pm Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

I expect there to be a massive increase in people wanting to participate in the reality TV show "Can't Pay, We'll take it away". Myself included.

There's going to be loads of cold houses this winter, and a fair few repossessed in 2023. This is a result of unregulated monopolies exploiting what should be a Public Service,

 


"The facts have changed", Rishi Sunak

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View Badger11's Profile Badger11 Flag Beckenham 14 Oct 22 12.52pm Send a Private Message to Badger11 Add Badger11 as a friend

So I have now had my first bill with a smart meter up to 30 Sep.

I was paying £100 per month for gas and electric but from Oct it will be £120, the good news is that Shell is crediting me £60 per month for the next 6 months due to the £400 discount.

So my energy bill for end of Sept was only £32. I am guessing this will be around £60-70 per month due to heating from Oct onwards.

So not too shabby.

FYI
I noticed that my electric bill is much higher than my neighbour, it transpired that I am using between twice and three times the kilowatts that she is and she is not a miser.

Now she has a gas cooker and I have electric so that will explain some of the difference but not all. In hindsight I realise that I have been lax with my energy use leaving my desktop on all day and not turning out the lights.

My challenge for the next month is to get in the habit of turning things off to see how much kw I can save without being miserable about it.

 


One more point

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View Dubai Eagle's Profile Dubai Eagle Online Flag 14 Oct 22 1.38pm Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

My wife made a point of showing me how the smart meter tells her exactly how much energy we are using, even apparently small things like switching the kettle on made the needle swing -

Originally posted by Badger11

So I have now had my first bill with a smart meter up to 30 Sep.

I was paying £100 per month for gas and electric but from Oct it will be £120, the good news is that Shell is crediting me £60 per month for the next 6 months due to the £400 discount.

So my energy bill for end of Sept was only £32. I am guessing this will be around £60-70 per month due to heating from Oct onwards.

So not too shabby.

FYI
I noticed that my electric bill is much higher than my neighbour, it transpired that I am using between twice and three times the kilowatts that she is and she is not a miser.

Now she has a gas cooker and I have electric so that will explain some of the difference but not all. In hindsight I realise that I have been lax with my energy use leaving my desktop on all day and not turning out the lights.

My challenge for the next month is to get in the habit of turning things off to see how much kw I can save without being miserable about it.

 

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