BigAl1 Posted January 23, 2023 Share Posted January 23, 2023 12 minutes ago, hauxwell said: Thought I heard Government say they are going to see why energy companies are not passing the fall on to customers. The energy firms excuse will be we buy energy months in advance so we can’t lower prices just yet, the profits they make they can afford to take a small loss. I don’t expect energy prices to go back to pre-Covid days but we might see a small reduction sometime this year, is that just wishful thinking on my part? Same as the petrol funny how they never seem to buy in advance as prices rise and have to increase the prices but can never reduce them as quickly Link to comment Share on other sites More sharing options...
HeHasRisen Posted January 23, 2023 Share Posted January 23, 2023 21 minutes ago, BigAl1 said: Same as the petrol funny how they never seem to buy in advance as prices rise and have to increase the prices but can never reduce them as quickly The gap between Costco prices and "everywhere else" prices is much smaller now that it was a few weeks ago, which is interesting. Link to comment Share on other sites More sharing options...
crookesey Posted January 30, 2023 Share Posted January 30, 2023 I’ve dug this up rather than start another, how are energy bills suiting you? I’m on a smart meter for home energy and use their on-line graphs, only to find that my usage is almost identical to that of last year, albeit at twice the cost. Folk that I discuss the current situation with fall into two categories, one being similar to mine, the other strangely enough from folk who appear to have give up on central heating to rely on warm clothing. Link to comment Share on other sites More sharing options...
BigAl1 Posted January 30, 2023 Share Posted January 30, 2023 If it wasn’t for the standing charges my bill would be more than reasonable but there were massive increases at the last contract with the same company designed to penalise low users like me and to pay for the incompetence of government and regulators 48.35p vs 7p =691% electric 27.22p vs 7p = 389% gas Link to comment Share on other sites More sharing options...
HeHasRisen Posted January 30, 2023 Share Posted January 30, 2023 I would suggest to anyone to get themselves switched to Octopus and get on their Tracker rate, I did mention this the other day but didnt elaborate, essentially the rate you pay changes daily, it is currently capped at the Government caps (so electric cant go above 33p a unit, for example). These are what the rates have been the last couple of weeks: As you can see, it only went above 30p one of the days. You also get a free £50 credit when you switch, too. If the rates start to soar you can move onto another rate just by popping them an email. Link to comment Share on other sites More sharing options...
Baron99 Posted January 30, 2023 Share Posted January 30, 2023 At the end of the day, the only way to save on bills is to cut down on use. Apart from a few weeks ago, the weather has be relatively mild for the time of year, so we don't put the gas fires on until 6pm & the radiators are only on 9pm until 11pm, then 7am for an hour in a morning. As a result, when I submitted a reading to British Gas last week, (I don't want a smart meter), we're already just over £500 in credit. I'll let this ride & see where we are after April when the next price increase is supposed to kick in? Link to comment Share on other sites More sharing options...
geared Posted January 30, 2023 Share Posted January 30, 2023 Hasn't the gas price on the markets dropped back down though? Since Government intervention companies are only going to charge the cap now, regardless. We'll only find out if they've been stacking up big profits when they make their quarterly financial announcements. Link to comment Share on other sites More sharing options...
HeHasRisen Posted January 30, 2023 Share Posted January 30, 2023 9 minutes ago, geared said: Hasn't the gas price on the markets dropped back down though? Yes. The "cap" for July 2023 and October 2023 is projected to be well below the current October 2022 one. Hence why that Octopus Tracker is currently an appealing proposition for both gas and electric (see last page) 1 Link to comment Share on other sites More sharing options...
Baron99 Posted January 30, 2023 Share Posted January 30, 2023 3 hours ago, geared said: Hasn't the gas price on the markets dropped back down though? Since Government intervention companies are only going to charge the cap now, regardless. We'll only find out if they've been stacking up big profits when they make their quarterly financial announcements. My bold. Yes it has but the likes of energy boss, Anders Opedal are stating we should get use to the higher prices. https://www.bbc.co.uk/news/business-64270157 Link to comment Share on other sites More sharing options...
RollingJ Posted January 30, 2023 Share Posted January 30, 2023 18 minutes ago, Baron99 said: My bold. Yes it has but the likes of energy boss, Anders Opedal are stating we should get use to the higher prices. https://www.bbc.co.uk/news/business-64270157 But he would, wouldn't he? A massive positive bottom line means his bonuses &c increase, and that is all a lot of those removed from real life care about. Link to comment Share on other sites More sharing options...
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