Energy bill increases

[jowwy]

Average mortgage payment is about £750, mine is way, way above that. The mortgage payment buys a house in the end. The huge energy bill is just a huge bill for nothing very tangible.

Except for the use of electric and gas…..so pretty tangible really.

 

[cougie uk]

Average mortgage payment is about £750, mine is way, way above that. The mortgage payment buys a house in the end. The huge energy bill is just a huge bill for nothing very tangible.

Jeez. That's a big mortgage. Youngsters have it tough with payments like this.

 

[midlife]

Jeez. That's a big mortgage. Youngsters have it tough with payments like this.

Yep, tried to find some stats on mortgages, rents and house deposits. Scared me for my kids ! Mortgage average £750, rent £800 odd and deposit £58k. Probably a bit hit and miss but Scary numbers and then have to find so much extra for energy.

 

[Jameshow]

Yep, tried to find some stats on mortgages, rents and house deposits. Scared me for my kids ! Mortgage average £750, rent £800 odd and deposit £58k. Probably a bit hit and miss but Scary numbers and then have to find so much extra for energy.

Deposit £58k!!😥😥😥

London???

 

[SpokeyDokey]

An old Guardian article and from a French perspective.

An interesting read that may possibly help understand the malaise in the British property market:

https://www.theguardian.com/money/2016/jan/14/why-are-brits-so-obsessed-with-buying-their-own-homes

 

[FishFright]

I don't want to go to NACA all I want is how to cook my dinner more cheaply and to find out the best deal on companys

Move to France ?

 

[fossyant]

So, speculation on what proposals will be for addressing the energy costs ?

I suspect charges held at current values (KWh) and the £400 being left in place. October increase stopped/alternative funding to Energy Suppliers ?

 

[jowwy]

So, speculation on what proposals will be for addressing the energy costs ?

I suspect charges held at current values (KWh) and the £400 being left in place. October increase stopped/alternative funding to Energy Suppliers ?

looks like it will be £2.5k and not the current £1.97k.......funded by general taxation, with the £400 left in place

 

[gavroche]

Just had my monthly statement from Octopus. I provide a meter reading every month. I am 157 pounds in credit so it will come in handy when winter starts properly I guess, hopefully later in the year / new year. By then my credit will be a be higher.

 

[Deleted member 26715]

looks like it will be £2.5k and not the current £1.97k.......funded by general taxation, with the £400 left in place

Sorry not heard anything about this & at the risk of straying into the dark place, they intend to cap everybody at £2.5K?

If that is the case where is the incentive to get people to think about their usage & make changes, although I appreciate £2.5K is a huge jump for some.

 

[jowwy]

Sorry not heard anything about this & at the risk of straying into the dark place, they intend to cap everybody at £2.5K?

If that is the case where is the incentive to get people to think about their usage & make changes, although I appreciate £2.5K is a huge jump for some.

not a clue...not my policy. But yes, that is what they are proposing with our current energy bills ( bringing it back to the OP)

Do you not watch the news or have a TV lol??

 

[Deleted member 26715]

Do you not watch the news or have a TV lol??

I try to avoid the news as much as possible, they are morons who are making the news (that is not party specific) & they are morons those that are reporting on the news, they are only interested in sensationalism. I find that with my head in the sand that I can control my anxiety & depression to a liveable amount, once I start to keep up to date I get so furious about things I cannot control which is not good for me.

But back on topic I have just boiled the kettle & watched my electric meter not move as the solar is currently producing 4.17 kW although I'll be honest not knowing exactly what that is.

 

[SpokeyDokey]

I try to avoid the news as much as possible, they are morons who are making the news (that is not party specific) & they are morons those that are reporting on the news, they are only interested in sensationalism. I find that with my head in the sand that I can control my anxiety & depression to a liveable amount, once I start to keep up to date I get so furious about things I cannot control which is not good for me.

But back on topic I have just boiled the kettle & watched my electric meter not move as the solar is currently producing 4.17 kW although I'll be honest not knowing exactly what that is.

It’s on BBC website - policy announced tomorrow so nothing confirmed but my guess it is 'official' leakage.

 

[gzoom]

Jeez. That's a big mortgage. Youngsters have it tough with payments like this.

We live way outside London, lovely house + plot we moved into 6 years ago before our daughter was born. I've just taken up some additional borrowing for building works before interst rates shot up.

Essentially roughly speaking £450k mortgage debt, repayment period is 15 years as I want to clear the mortgage way before retirement. Fixed at 2% for the next 10 years.....You can work out the figures, but let's just say £750/month isnt going to quite cover it .

 

[gzoom]

looks like it will be £2.5k and not the current £1.97k.......funded by general taxation, with the £400 left in place

The fixed cost is great, but our new PM is also CUTTING tax, proposed new £80k for 40% rate and drop in NI. It means higher earners will be getting a £6-7k reduction in tax.....that will help with the mortgage .