[News] Energy bills to top £4200 at the start of next year

[Simster]

The poorest 25% of households have accumulated less than £2,000 in savings over their entire livelihoods. Those people are expected to now find £4,200 (an addition £2,300ish) every single year for energy. We are about to walk into a disaster, as if having working families reliant on food banks wasn't enough.

No wonder Rishi Sunak and Liz Truss have made it their top priorities to *check notes* rip up the EC rule book and cut taxes.

 

[Cheshire Cat]

Lat year my standing charges were £6.51 per month each for gas and electricity. Now they are £8.03 for gas and £14.04 for electricity.

Electricity was 16.65p per kwh. Now 28.16p

Gas was 2.85p per kwh. Now 7.01p

My monthly payment was £81. Now £175.

And its going to get worse.

 

[beorhthelm]

The standing charge is an utter rip off. I don't pay a standing charge to ensure Tescos has it's infrastructure in place. I don't pay a service charge to my ISP for putting fibre in the ground. I don't pay a service charge to my local petrol station to provide the pump infrastructure. I don't pay my mobile provider a service charge to install new masts. All these providers charge it within the cost of their product. It is the energy providers infrastructure - THEY should pay for it - via the product charge.

Then the water companies have the cheek to put in hosepipe bans because they haven't used the service charge THEY charge to put in the infrastructure to store enough winter water. I say nationalise all of them.

to split hairs you do pay service charge for ISP infrastructure, its the line rental. for some time we've wanted to see the use of energy, to encourage us to reduce it, so its stayed seperate. who really cares its there as a line item, the fact its dramatically increased is the issue. if it were in the unit price you wouldnt know, so wouldnt be able to object to it.

 

[KZNSeagull]

The standing charge is an utter rip off. I don't pay a standing charge to ensure Tescos has it's infrastructure in place. I don't pay a service charge to my ISP for putting fibre in the ground. I don't pay a service charge to my local petrol station to provide the pump infrastructure. I don't pay my mobile provider a service charge to install new masts. All these providers charge it within the cost of their product. It is the energy providers infrastructure - THEY should pay for it - via the product charge.

Then the water companies have the cheek to put in hosepipe bans because they haven't used the service charge THEY charge to put in the infrastructure to store enough winter water. I say nationalise all of them.

A lot of the rise in standing charges is the "supplier of last resort" scheme - we are all paying for the bailouts from failed energy companies.

 

[LamieRobertson]

Lat year my standing charges were £6.51 per month each for gas and electricity. Now they are £8.03 for gas and £14.04 for electricity.

Electricity was 16.65p per kwh. Now 28.16p

Gas was 2.85p per kwh. Now 7.01p

My monthly payment was £81. Now £175.

And its going to get worse.

Ouch…I’m currently living in a parallel universe having ‘fixed’ nearly two years ago …reality hits on November 20th when it ends

 

[British Bulldog]

Is there a particular reason energy bills are rising so fast and high?

 

[Tom Hark Preston Park]

Is there a particular reason energy bills are rising so fast and high?

Nope, can't think of a single one

 

[Simster]

The standing charge is an utter rip off. I don't pay a standing charge to ensure Tescos has it's infrastructure in place. I don't pay a service charge to my ISP for putting fibre in the ground. I don't pay a service charge to my local petrol station to provide the pump infrastructure. I don't pay my mobile provider a service charge to install new masts. All these providers charge it within the cost of their product. It is the energy providers infrastructure - THEY should pay for it - via the product charge.

Then the water companies have the cheek to put in hosepipe bans because they haven't used the service charge THEY charge to put in the infrastructure to store enough winter water. I say nationalise all of them.

Privatisation of public utilities was always the very worst of excessive Tory short-termism and now we are seeing why.

I genuinely don't understand why the public swallow the bullshit on why selling off the family silver like this was ever a good idea. It's perfectly simple - only in markets where there is genuine competition is there an argument for privatisation. So fair enough, break up and sell off Parcel Force or British Telecom. You can even make that argument for rail companies at a push. But privatising energy and water companies should have provoked national outrage at the time. It has done nothing but line the pockets of shareholders and is effectively a tax on the poor who invariably end up paying the most. Even though energy firms have made billions in recent months, Sunak still only added a windfall tax 3 months after everybody else called for it, and even then it looked suspiciously like it was only to deflect from yet another lie or bout of Tory incompetence.

 

[Stat Brother]

Just so long as Shell BP Centrica et al can post billions of £££'s in quarterly profits we should all rejoice.

 

[beorhthelm]

Is there a particular reason energy bills are rising so fast and high?

electricity prices and gas prices from imbalance production, then Russian invasion. market has been buggered since last autumn. see this for the wholesale price. https://tradingeconomics.com/commodity/eu-natural-gas

 

[Marshy]

there will be marches to no10 about this I guarantee it

 

[Cheshire Cat]

Is there a particular reason energy bills are rising so fast and high?

You may not have noticed that there is a quarrel in a far away country, between people of whom we know nothing.

https://www.bbc.co.uk/archive/chamberlain-addresses-the-nation-on-his-negotiations-for-peace/zjrjgwx

 

[beorhthelm]

Privatisation of public utilities was always the very worst of excessive Tory short-termism and now we are seeing why.

I genuinely don't understand why the public swallow the bullshit on why selling off the family silver like this was ever a good idea. It's perfectly simple - only in markets where there is genuine competition is there an argument for privatisation. So fair enough, break up and sell off Parcel Force or British Telecom. You can even make that argument for rail companies at a push. But privatising energy and water companies should have provoked national outrage at the time. It has done nothing but line the pockets of shareholders and is effectively a tax on the poor who invariably end up paying the most. Even though energy firms have made billions in recent months, Sunak still only added a windfall tax 3 months after everybody else called for it, and even then it looked suspiciously like it was only to deflect from yet another lie or bout of Tory incompetence.

there's plenty of competition in extraction and energy producers so privatisation meets your criteria. the infrastructure less so, but you could chose billing company from dozens (didnt help long term). the practices of the old state monopolies made it a very easy sell to the public.

 

[Tom Hark Preston Park]

Hmgov's just going to stand by and let half the country fall into fuel poverty? Nope, not going to happen. Country will kick back against the pricks long before that happens

 

[spence]

It's not great but with our winters being so mild there's virtually no need to put the heating on during our winters these days, and our electric usage isn't huge.

Just cut down on certain things and make sure things are turned off at night.

Biggest bugger is the standing charge which for us has been higher than our energy usage since February. Affordable but a pain since we've cut back so much.

Is this a piss take ?

 

[The_Viper]

This might sound stupid but is that 4200 a MONTH?

 

[pb21]

there's plenty of competition in extraction and energy producers so privatisation meets your criteria. the infrastructure less so, but you could chose billing company from dozens (didnt help long term). the practices of the old state monopolies made it a very easy sell to the public.

If it was nationalised, wouldn't UK power, or whatever, be buying on a national/international market, where extraction and energy producers are selling? Isn't that where the actual genuine competition/market is, not with me choosing between various billing companies?

 

[Tom Hark Preston Park]

This might sound stupid but is that 4200 a MONTH?

Why would you even bother posting that?

 

[CHAPPERS]

Has the zombie government mentioned insulation yet? If not there's going to be a lot more people blocking roads this winter.

 

[The_Viper]

Why would you even bother posting that?

Because I live in the US, haven't been home in ages and just saw a headline saying energy bills are going to top 4200 without a link to an article for clarification, as someone who is in the process of moving back to the UK I wanted to ask the question, sorry for offending you, but your answer still doesn't make it clear to me either tbh.