Energy bill increases

[jowwy]

Energy companies have been warned against increasing direct debit to people who have actually cut their usage

There do seem to be constant articles in the press showing people who have had their DD raised in spite of using less than the previous DD paid for, including allowances for winter usage and all that

Does provoke suspicion that some energy companies want to put some money in their bank rather than their customer's

Does seem the way of most companies, but you can do a flexible DD and only pay for what you use....and the unit rate is still the same. Therefore you never accrue credit to sit in their banks.

 

[tom73]

Energy companies have been warned against increasing direct debit to people who have actually cut their usage

There do seem to be constant articles in the press showing people who have had their DD raised in spite of using less than the previous DD paid for, including allowances for winter usage and all that

Does provoke suspicion that some energy companies want to put some money in their bank rather than their customer's

Yes Grant has sent them a letter I bet they are really running scared now.

 

[Ming the Merciless]

i said rate around 3 times in that post lol

Nope you didn’t say , four times (in reply to @Alex321) , or three times you said neither you just mentioned an arbitrary £4,300 as though it had any meaning.

 

[jowwy]

Nope you didn’t say , four times (in reply to @Alex321) , or three times you said neither you just mentioned an arbitrary £4,300 as though it had any meaning.

here is my post - and i state "RATE" which is the same as @Alex321 stated on 4 separate occasions....i will await the apology, which i know wont come.

and here is what @Alex321 said and used the same words, whilst also quoting i was correct

And the"actual OFGEM rate" is the one which means a "typical" household would pay £4300. The Energy Price Guarantee is the government set value - and you are right that the government will pay the energy companies the difference between the EPG and the OFGEM rate.

 

[Ming the Merciless]

here is my post - and i state "RATE" which is the same as @Alex321 stated on 4 separate occasions....i will await the apology, which i know wont come.

View attachment 669452

so it just means the energy companies will set the rate for £4300

What is this mythical £4,300 rate you speak of?

 

[fossyant]

There is quite a bit of 'naughtiness' going on with suppliers. Heard a few customers have been switched to prepayment via smart meters, debt chasing has got aggressive, and one that's affecting lots of us, we can't reduce our DD's even though we've cut energy use and are massively in credit.

 

[jowwy]

What is this mythical £4,300 rate you speak of?

its the average cost of an energy bill of an average household...adn the UNIT rate will be set, to get that average cost....

it s NOT and i have NEVER said it is the MAXIMUM someone will pay

 

[Alex321]

What is this mythical £4,300 rate you speak of?

He is just confused in his terminology.

The OFGEM capped unit rate would mean an annual rate/charge of £4,300 for a so-called "typical" household.

 

[jowwy]

He is just confused in his terminology.

The OFGEM capped unit rate would mean an annual rate/charge of £4,300 for a so-called "typical" household.

you said the same thing....so who's confused here????

 

[cougie uk]

Out of date.

The government were going to shorten it to April 2023, but have now put it back to ending in April 2024. That was only announced on the 24th of November, while that article was published on the 18th of October.

Article here still has 2023.
And that was published 24th November.

https://news.sky.com/story/the-reco...ave-risen-to-without-government-help-12754060

 

[jowwy]

Something not very like that, in spite of what we keep getting told.

There is NO cap on overall bill. It isn't £3000 or £4300 or anything else.

And the"actual OFGEM rate" is the one which means a "typical" household would pay £4300. The Energy Price Guarantee is the government set value - and you are right that the government will pay the energy companies the difference between the EPG and the OFGEM rate.

This "typical" household is just based on the median value across the country of usage (dual fuel), and the average EPG unit price (the actual unit price will vary by region, hence using the average).

For actually predicting what most people are likely to pay, the median is slightly better than the mean, but the mode would have been even better.

this is your post.......where does it say UNIT Rate??????

 

[Alex321]

Article here still has 2023.
And that was published 24th November.

https://news.sky.com/story/the-reco...ave-risen-to-without-government-help-12754060

Yes, at 07:57. I'm not sure what time the announcement came that it would now be extended to 2024, but I expect it was later in the day than that

EDIT - Having read the text, no they don't still have 2023 anyhow?

They say (rightly) that it will be raised to £3,000 from next April.

 

[Alex321]

this is your post.......where does it say UNIT Rate??????

I didn't but, it was clear from context that I wasn't talking about a "rate" of £4,300, unlike your post which explicitly stated a "rate" of £4300.

 

[jowwy]

I didn't but, it was clear from context that I wasn't talking about a "rate" of £4,300, unlike your post which explicitly stated a "rate" of £4300.

oh come on Mr Politician......Please show me were i said " a rate of £4300"....My post explicitly states..." There is no actual £4300 ofgem rate" right there on first line

 

[Ming the Merciless]

its the average cost of an energy bill of an average household...adn the UNIT rate will be set, to get that average cost....

it s NOT and i have NEVER said it is the MAXIMUM someone will pay

It’s not a rate then is it?