Energy Price Cap-What Are People's Thoughts?

[Jack Grey]

31 minutes ago, cgksheff said:

You like it so OK.

I'll wager that you are paying more than you currently need to.

Like i said....im happy with what im paying for my electricity 👍

 

19.97 p/day

19.21 p/kWh 

[crookesey]

Early days, my account shows that they expect me to use £139.95 p/m for my dual fuel variable account, this is strange as they are charging me £164.00 p/m. My annual cost last year on a fixed deal was £1190.00, but that was then, this is now so I have to grit my teeth and accept it.

 

The best fixed deal available to me is from Sainsbury’s and costs £300.00 p/m on a 24 months deal,  which is a trite expensive 😲. My prediction, for what it’s worth, it that when the dust settles we will be down to circa 12 suppliers that will be competing for our business, unlike now where they hold all the cards.

Edited February 8, 2022 by crookesey

[HeHasRisen]

All the decent fixes vanished the same morning the April cap was announced.

[crookesey]

Decent fixed rate renewals started increasing back in October last year, I decided to wait until my renewal in December when I discovered that fixed rates were as rare as hen’s teeth and very expensive, in retrospect I should have paid the £60.00 exit fee in October and opted for the best fixed rate available, but I didn’t, silly me. 🙄

[Findlay]

I've just had an email from my energy supplier to say they will be making sure energy prices are 5% below the cap so working back the units used, I will be paying an extra £63 per month from 1st April 2022!

[Jack Grey]

59 minutes ago, Findlay said:

I've just had an email from my energy supplier to say they will be making sure energy prices are 5% below the cap so working back the units used, I will be paying an extra £63 per month from 1st April 2022!

Lets hope its a warm summer

[czmj]

Has anyone calculated the costs of burning wood in a stove vs gas radiators? People say it's cheaper but seasoned firewood is expensive too! And a stove only really heats one room.

[El Cid]

I did a comparison on energy prices last week, did a comparison again today and the prices are £50 higher.

[fools]

On 16/02/2022 at 22:15, Findlay said:

I've just had an email from my energy supplier to say they will be making sure energy prices are 5% below the cap so working back the units used, I will be paying an extra £63 per month from 1st April 2022!

Which company can afford to do that?

 

Way things are going, average bill could be 4k upwards by this time next year. All sorts of economic and civil impact if so.

 

[melthebell]

A mate on facebook just posted the following yesterday, i think they work with furnaces

 

Quote

 

due to company gas bill going from £600,000 to £1,600,000 a year it looks like we could be shutting down.

If this goes on for too long it will probably end in redundancies

 

Edited March 3, 2022 by melthebell