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Energy prices
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By (user no longer on site) OP
over a year ago
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So I have received an email from my energy provider saying the price cap is going up in the new year. Yet more money to find.
Happy Christmas and new year from them |
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By (user no longer on site)
over a year ago
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"Everyone is going up 5% but makes no difference as gas and electricity are going up 6% so we are 1% worse off
…so it does make a difference…  "
Yes a difference off we loose one % what I meant is the rise makes no difference |
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By (user no longer on site) OP
over a year ago
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During lockdown the price of oil for heating and fuel at the pumps dropped massively due to less demand.
I wonder what would happen if people decided to all run on minimum energy for a few days a month and only drive if necessary.
I don’t know how you’d do it practically but if there’s no demand then prices drop |
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Is anyone fixing at the moment? If you read the expert site it says that yes is going up in Jan but meant to then come down in April. I was just offeted to fix for either one or two years on loyalty rates and apparently when using the calculator it tells me I will be better off to fix by around 1% overall. I am in two minds, what if it does come down quite a bit after that if I use same energy as last year? Is anyone else who is on variable at the moment, fixing? |
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By (user no longer on site) OP
over a year ago
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"Is anyone fixing at the moment? If you read the expert site it says that yes is going up in Jan but meant to then come down in April. I was just offeted to fix for either one or two years on loyalty rates and apparently when using the calculator it tells me I will be better off to fix by around 1% overall. I am in two minds, what if it does come down quite a bit after that if I use same energy as last year? Is anyone else who is on variable at the moment, fixing? "
I can’t get a fixed rate. I only have electricity as have oil heating so am on variable. |
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"Is anyone fixing at the moment? If you read the expert site it says that yes is going up in Jan but meant to then come down in April. I was just offeted to fix for either one or two years on loyalty rates and apparently when using the calculator it tells me I will be better off to fix by around 1% overall. I am in two minds, what if it does come down quite a bit after that if I use same energy as last year? Is anyone else who is on variable at the moment, fixing? "
We on variable and im keeping that at moment, with Ovo no one is offering anything better the day rate is awful on any site at moment . I was on a 2 year fixed till july so didnt go through the earlier rises . Bit of a shock paying 150 a month and potentially using more than that .  heating hardly on anymore |
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"Is anyone fixing at the moment? If you read the expert site it says that yes is going up in Jan but meant to then come down in April. I was just offeted to fix for either one or two years on loyalty rates and apparently when using the calculator it tells me I will be better off to fix by around 1% overall. I am in two minds, what if it does come down quite a bit after that if I use same energy as last year? Is anyone else who is on variable at the moment, fixing?
We on variable and im keeping that at moment, with Ovo no one is offering anything better the day rate is awful on any site at moment . I was on a 2 year fixed till july so didnt go through the earlier rises . Bit of a shock paying 150 a month and potentially using more than that . heating hardly on anymore "
Same but is ovo offering that deal to me and not sure wgat to do as is roughly at current prices. |
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By *orny-DJMan
over a year ago
Leigh-on-Sea |
"Is anyone fixing at the moment? If you read the expert site it says that yes is going up in Jan but meant to then come down in April. I was just offeted to fix for either one or two years on loyalty rates and apparently when using the calculator it tells me I will be better off to fix by around 1% overall. I am in two minds, what if it does come down quite a bit after that if I use same energy as last year? Is anyone else who is on variable at the moment, fixing?
We on variable and im keeping that at moment, with Ovo no one is offering anything better the day rate is awful on any site at moment . I was on a 2 year fixed till july so didnt go through the earlier rises . Bit of a shock paying 150 a month and potentially using more than that . heating hardly on anymore
Same but is ovo offering that deal to me and not sure wgat to do as is roughly at current prices. "
The problem with fixed rate deals - which were first offered on mortgages about 30 years ago, is that they are sold to you on the premise that you are protecting yourself against future increases in rates / prices but think about it this way.
We all know that in gambling circles (casinos etc) the odds are always stacked in favour of tge house - otherwise they'd go bust pretty quickly abd it's no different with fixed rate deals.
I'm no financial adviser but it's very clear that a lot of work is doneby these companies to ensure that in the event that interest rates / prices do go up, they will still make a profit.
They'll be well aware of the risks of increaeses, which is factored in to the deal they offer you.
Just think about it this way - the house always wins |
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"Is anyone fixing at the moment? If you read the expert site it says that yes is going up in Jan but meant to then come down in April. I was just offeted to fix for either one or two years on loyalty rates and apparently when using the calculator it tells me I will be better off to fix by around 1% overall. I am in two minds, what if it does come down quite a bit after that if I use same energy as last year? Is anyone else who is on variable at the moment, fixing?
We on variable and im keeping that at moment, with Ovo no one is offering anything better the day rate is awful on any site at moment . I was on a 2 year fixed till july so didnt go through the earlier rises . Bit of a shock paying 150 a month and potentially using more than that . heating hardly on anymore
Same but is ovo offering that deal to me and not sure wgat to do as is roughly at current prices.
The problem with fixed rate deals - which were first offered on mortgages about 30 years ago, is that they are sold to you on the premise that you are protecting yourself against future increases in rates / prices but think about it this way.
We all know that in gambling circles (casinos etc) the odds are always stacked in favour of tge house - otherwise they'd go bust pretty quickly abd it's no different with fixed rate deals.
I'm no financial adviser but it's very clear that a lot of work is doneby these companies to ensure that in the event that interest rates / prices do go up, they will still make a profit.
They'll be well aware of the risks of increaeses, which is factored in to the deal they offer you.
Just think about it this way - the house always wins"
Thanks, I appreciate that. However with the deal I will be paying the same as now as long as I use similarly so it will only really affect me negatively if prices were to drop considerably whilst I am stuck on the one or two year fixed, depending which one I may decide yo go with. |
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"I won't lie, I've made cuts, but I'm paying a third of what I was last year.
Yes but only just gone into winter and that is what ups the averages and dds. "
Went into winter with £500 credit. I expect I'll chew that up, but I chewed up my credit last year *and* was paying three times what I am this year. |
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"I won't lie, I've made cuts, but I'm paying a third of what I was last year.
Yes but only just gone into winter and that is what ups the averages and dds.
Went into winter with £500 credit. I expect I'll chew that up, but I chewed up my credit last year *and* was paying three times what I am this year."
Yes, good job some of us had a bit of built up credit. My summer bills were very low but now they are creeping back to similar levels as last year.  |
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High prices in uk than elsewhere as we do not have proper storage for our own gas! We have to sell it and then buy back. Thinking solar and wind will save us is just daft. Neither is reliable. Nothing suprises me anymore. |
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"I won't lie, I've made cuts, but I'm paying a third of what I was last year.
Yes but only just gone into winter and that is what ups the averages and dds.
Went into winter with £500 credit. I expect I'll chew that up, but I chewed up my credit last year *and* was paying three times what I am this year.
Yes, good job some of us had a bit of built up credit. My summer bills were very low but now they are creeping back to similar levels as last year. "
I'm sorry that's where you are - I'm not, but I looked at last year, went "fuck this", and made a bunch of changes  |
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"I won't lie, I've made cuts, but I'm paying a third of what I was last year.
Yes but only just gone into winter and that is what ups the averages and dds.
Went into winter with £500 credit. I expect I'll chew that up, but I chewed up my credit last year *and* was paying three times what I am this year.
Yes, good job some of us had a bit of built up credit. My summer bills were very low but now they are creeping back to similar levels as last year.
I'm sorry that's where you are - I'm not, but I looked at last year, went "fuck this", and made a bunch of changes "
I off to get a sheep coat as we speak  |
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By *arkbaneMan
over a year ago
East leeds |
"During lockdown the price of oil for heating and fuel at the pumps dropped massively due to less demand.
I wonder what would happen if people decided to all run on minimum energy for a few days a month and only drive if necessary.
I don’t know how you’d do it practically but if there’s no demand then prices drop "
Only thing that will impact prices
We should all pick a day and use as little energy as possible
That will scare them and their wallets
Can rely on government to support us
Which ever one is in power |
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By (user no longer on site)
over a year ago
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"The cap is going up, but that doesn't mean that prices are.
If anything, they've come down over the past year."
There you go, you’ve fallen for the oldest trick in the book. They’ve eeked prices up so high that we’re all now accepting anything lower. That low is still the highest it’s been and way above what we’ve been used to paying - and all under the faux banner of proxy wars. We’re pretty much the highest energy in Europe (I know, I know, we’re not there anymore) and what we import is single digits from the likes of Russia. I pass EU motorway services that are in Euros per litre what we pay at supermarket pumps. It’s all a massive con and we sit back and let them milk us dry. R |
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"The cap is going up, but that doesn't mean that prices are.
If anything, they've come down over the past year.
There you go, you’ve fallen for the oldest trick in the book. They’ve eeked prices up so high that we’re all now accepting anything lower. That low is still the highest it’s been and way above what we’ve been used to paying - and all under the faux banner of proxy wars. We’re pretty much the highest energy in Europe (I know, I know, we’re not there anymore) and what we import is single digits from the likes of Russia. I pass EU motorway services that are in Euros per litre what we pay at supermarket pumps. It’s all a massive con and we sit back and let them milk us dry. R"
Tbf, people do try to adjust as best as they can but still so many, many people struggling. And yes we worst off in every way here compared to other countries in Europe when it comes to energy prices and support (no politics).  |
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"The cap is going up, but that doesn't mean that prices are.
If anything, they've come down over the past year.
There you go, you’ve fallen for the oldest trick in the book. They’ve eeked prices up so high that we’re all now accepting anything lower. That low is still the highest it’s been and way above what we’ve been used to paying - and all under the faux banner of proxy wars. We’re pretty much the highest energy in Europe (I know, I know, we’re not there anymore) and what we import is single digits from the likes of Russia. I pass EU motorway services that are in Euros per litre what we pay at supermarket pumps. It’s all a massive con and we sit back and let them milk us dry. R"
Who is "they"? |
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"Octopuss are doing a fixed rate tarriff, atm moment it is a bit more expensive than what I am paying now. After reading this, it might be worth looking at it."
I think I will go with one they offered me which i abput the same as I am paying. I know will loose out if prices go down but I don't think they will do that much even if they did. They offered either one or two year very similar deal. Not sure yet which one. |
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By (user no longer on site)
over a year ago
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"The cap is going up, but that doesn't mean that prices are.
If anything, they've come down over the past year.
There you go, you’ve fallen for the oldest trick in the book. They’ve eeked prices up so high that we’re all now accepting anything lower. That low is still the highest it’s been and way above what we’ve been used to paying - and all under the faux banner of proxy wars. We’re pretty much the highest energy in Europe (I know, I know, we’re not there anymore) and what we import is single digits from the likes of Russia. I pass EU motorway services that are in Euros per litre what we pay at supermarket pumps. It’s all a massive con and we sit back and let them milk us dry. R
Who is "they"?"
Markets, financial institutions, corporations, government (they could cancel Vat for example) it’s all interlinked. The increases, the more we spend, the more the markets spook (so they claim), the higher the interest rates go to stop us spending on the one thing we all need…and repeat. We’re being had. R |
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By *opinovMan
over a year ago
Point Nemo, Cumbria |
We're told the price increases are to reflect increases in energy wholesale prices, yet the amount we get for FIT input to the grid never goes up by that amount - methinks we're being lied to. |
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"The cap is going up, but that doesn't mean that prices are.
If anything, they've come down over the past year.
There you go, you’ve fallen for the oldest trick in the book. They’ve eeked prices up so high that we’re all now accepting anything lower. That low is still the highest it’s been and way above what we’ve been used to paying - and all under the faux banner of proxy wars. We’re pretty much the highest energy in Europe (I know, I know, we’re not there anymore) and what we import is single digits from the likes of Russia. I pass EU motorway services that are in Euros per litre what we pay at supermarket pumps. It’s all a massive con and we sit back and let them milk us dry. R
Who is "they"?
Markets, financial institutions, corporations, government (they could cancel Vat for example) it’s all interlinked. The increases, the more we spend, the more the markets spook (so they claim), the higher the interest rates go to stop us spending on the one thing we all need…and repeat. We’re being had. R"
This sounds profoundly conspiratorial. |
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By (user no longer on site)
over a year ago
|
"The cap is going up, but that doesn't mean that prices are.
If anything, they've come down over the past year.
There you go, you’ve fallen for the oldest trick in the book. They’ve eeked prices up so high that we’re all now accepting anything lower. That low is still the highest it’s been and way above what we’ve been used to paying - and all under the faux banner of proxy wars. We’re pretty much the highest energy in Europe (I know, I know, we’re not there anymore) and what we import is single digits from the likes of Russia. I pass EU motorway services that are in Euros per litre what we pay at supermarket pumps. It’s all a massive con and we sit back and let them milk us dry. R
Who is "they"?
Markets, financial institutions, corporations, government (they could cancel Vat for example) it’s all interlinked. The increases, the more we spend, the more the markets spook (so they claim), the higher the interest rates go to stop us spending on the one thing we all need…and repeat. We’re being had. R
This sounds profoundly conspiratorial."
ok |
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"Is anyone fixing at the moment? If you read the expert site it says that yes is going up in Jan but meant to then come down in April. I was just offeted to fix for either one or two years on loyalty rates and apparently when using the calculator it tells me I will be better off to fix by around 1% overall. I am in two minds, what if it does come down quite a bit after that if I use same energy as last year? Is anyone else who is on variable at the moment, fixing? "
Still not fixed and undecided. Anyone can think as to why not when the deal offered is only about £10pm more than I pay now and can fix for one or two years. My current thinking is they can go down in April and after that again but surely not that much. On the other hand if they go up I will be protected for a couple of years. What fo you think? Fix or stay on the variable? |
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