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Energy Bills

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  • moutuakilla
    moutuakilla Posts: 7,584
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!
  • red10
    red10 Posts: 837
    Need to understand why, not checked it over yet but Scottish Power want £1200 for the last qtr ....
  • IdleHans
    IdleHans Posts: 10,990
    moutuakilla said:
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!


    Shell energy: electricity down from 33.517 to 30.295p per unit, gas 10.411 to 7.607. Standing charges unchanged.
    Octopus: essentially the same
  • Macronate
    Macronate Posts: 12,907
    moutuakilla said:
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!
    Yes, Octopus have reduced my monthly direct debit by £125.
  • BigRedEvil
    BigRedEvil Posts: 11,083
    moutuakilla said:
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!
    Mines gong from £86 to £80  B)

    Although I am £600 in credit, might ask for it back and earn some interest on it 
  • LargeAddick
    LargeAddick Posts: 32,639
    moutuakilla said:
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!
    Received a couple of emails from British Gas saying they will be offering fixed deals again shortly and to watch this space.
  • carly burn
    carly burn Posts: 19,499
    'kin hell .
    Reckon Debbie Harry had to get planning permission for the work she's had done!
  • bobmunro
    bobmunro Posts: 20,880
    carly burn said:
    'kin hell .
    Reckon Debbie Harry had to get planning permission for the work she's had done!

    Must be expensive as well and she's likely to have trouble paying her energy bills.
  • Mendonca In Asdas
    Mendonca In Asdas Posts: 22,664
    edited June 2023
    I’m going to wait till July, and see what fixed deals are available, I’ve had the standard email from Octopus to say prices will be falling in July (they also say that I’m paying twice as much than I was before the prices went crazy) I think we’re going to have to get used to the fact of paying much higher prices than we used to, however the energy companies spin it.
  • Davey
    Davey Posts: 191
    moutuakilla said:
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!
    Being nice and rural with a heavy dependance on electric (14,000kW/year), the price cap has come down from just over 32p/KwH to 30p..........whoop-dee-fucking-doo!  Shove that in with food and mortgage cost inflation and it's a veritable clusterfcuk!

    It feels more and more like the Govt/BoE are engineering a reset/recession, but they need to be careful that they don't drag too much of the nation down as firms can't keep inflating salaries (more inflation), can't borrow (rates too high) and have a reduced marketplace for their goods and services (Brexit).............the outlook certainly looks pretty bleak to me or maybe I'm just becoming a miserable git!?!

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  • LargeAddick
    LargeAddick Posts: 32,639
    edited June 2023
    Davey said:
    moutuakilla said:
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!
    Being nice and rural with a heavy dependance on electric (14,000kW/year), the price cap has come down from just over 32p/KwH to 30p..........whoop-dee-fucking-doo!  Shove that in with food and mortgage cost inflation and it's a veritable clusterfcuk!

    It feels more and more like the Govt/BoE are engineering a reset/recession, but they need to be careful that they don't drag too much of the nation down as firms can't keep inflating salaries (more inflation), can't borrow (rates too high) and have a reduced marketplace for their goods and services (Brexit).............the outlook certainly looks pretty bleak to me or maybe I'm just becoming a miserable git!?!
    British Gas says my standing charge will stay the same (rip-off) but price of electricity dropping from 34.175p to 30.900p per kwh. 5,600kwh per annum is my usage.
  • Rob7Lee
    Rob7Lee Posts: 9,617
    LargeAddick said:
    Davey said:
    moutuakilla said:
    Has anyone received anything from their energy companies about their bills going down this summer? Isn't the price cap reduction supposed to be coming in or has that been quietly dropped? Could do with some reduced bills with a rather unpleasant rise in mortgage costs coming in next month!
    Being nice and rural with a heavy dependance on electric (14,000kW/year), the price cap has come down from just over 32p/KwH to 30p..........whoop-dee-fucking-doo!  Shove that in with food and mortgage cost inflation and it's a veritable clusterfcuk!

    It feels more and more like the Govt/BoE are engineering a reset/recession, but they need to be careful that they don't drag too much of the nation down as firms can't keep inflating salaries (more inflation), can't borrow (rates too high) and have a reduced marketplace for their goods and services (Brexit).............the outlook certainly looks pretty bleak to me or maybe I'm just becoming a miserable git!?!
    British Gas says my standing charge will stay the same (rip-off) but price of electricity dropping from 34.175p to 30.900p per kwh. 5,600kwh per annum is my usage.
    Same, gas is coming down around a quarter I think from just over 10p.
  • guinnessaddick
    guinnessaddick Posts: 28,743
    BG announced a 889% rise in profit, criminal.
  • Davey
    Davey Posts: 191
    This, along with EVERYTHING Shamdiq Khan't is up to, plus the skims the banks are taking, has just become too much.  The mug-offery of this nation's people is a total joke, and we're a laughing stock of a nation.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,658
    guinnessaddick said:
    BG announced a 889% rise in profit, criminal.
    Yep and we have a government more than happy to watch and do nothing while everyone is worried how to keep warm this winter. They are incompetent in the extreme, couldn’t care less or are happy to see the rich get richer and everyone else put on a jumper. It’s scandalous absolutely scandalous.
  • Off_it
    Off_it Posts: 28,914
    How much do the prices have to rise and how much profit needs to be made before it gets called out for what it is - racketeering, pure and simple.
  • ME14addick
    ME14addick Posts: 9,768
    The UK utilities model is completely broken, privatisation has been a licence to print money by big corporations, at the consumer's expense.
  • Bournemouth Addick
    Bournemouth Addick Posts: 16,287
    guinnessaddick said:
    BG announced a 889% rise in profit, criminal.
    The French would be burning their HQ to the ground. Here, not so much.
  • Chaz Hill
    Chaz Hill Posts: 5,217
    edited July 2023
    Bournemouth Addick said:
    guinnessaddick said:
    BG announced a 889% rise in profit, criminal.
    The French would be burning their HQ to the ground. Here, not so much.
    Instead they are raking it in at our expense. EDF 83% owned by the French Government. Taking back control lol.
  • CharltonMadrid
    CharltonMadrid Posts: 5,091
    Energy pricing cap here in Spain has meant our bills have barely gone up at all in last couple of years and extremely grateful for that especially as have to have air conditioning on quite a lot in the summer.

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  • clive
    clive Posts: 19,530

    Annual energy bills for a typical household are expected to fall slightly to £1,926 from October, according to a new forecast.

    Consultancy firm Cornwall Insight predicts bills could drop by £148 under a new official price cap set to be announced by Ofgem next week.

    In a statement, Cornwall Insight said that the slow reduction of bills along with the "volatility" associated with the energy price cap might mean more customers look to going back to a fixed tariff for their gas and electricity.

    https://www.bbc.co.uk/news/business-66542340

  • shine166
    shine166 Posts: 13,933
    ShootersHillGuru said:
    guinnessaddick said:
    BG announced a 889% rise in profit, criminal.
    Yep and we have a government more than happy to watch and do nothing while everyone is worried how to keep warm this winter. They are incompetent in the extreme, couldn’t care less or are happy to see the rich get richer and everyone else put on a jumper. It’s scandalous absolutely scandalous.
    It's very much not incompetence, getting rich mates richer is going extremely. 
  • CheshireAddick
    CheshireAddick Posts: 1,307
    Davey said:
    This, along with EVERYTHING Shamdiq Khan't is up to, plus the skims the banks are taking, has just become too much.  The mug-offery of this nation's people is a total joke, and we're a laughing stock of a nation.
    I'm staggered that there hasn't been rioting, can anyone imagine the French sitting back and letting this happen. 
  • Mendonca In Asdas
    Mendonca In Asdas Posts: 22,664
    edited August 2023
    I fixed my energy for 12 months with Octopus energy, they reckon it will save me £28 a month.

     I know I could have taken a risk and left it till October / later, but just wanted to know exactly how much I’d pay, rather than it going up and down all the time.
  • Covered End
    Covered End Posts: 52,061
    What prices did you fix at?
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,658
    edited August 2023
    The prediction is that the cap will reduce by a small Amount in October. I think it’s then likely to go back up in January. My fixed deal ends at the end of August so I’m at a crossroads in deciding to fix now or wait until October. Surely the prices can’t stay as high as they are now indefinitely?
    also. Why’s fuel at the pumps going up again ? 
  • Mendonca In Asdas
    Mendonca In Asdas Posts: 22,664
    edited August 2023
    Covered End said:
    What prices did you fix at?
    Electricity - 29.29p per KWH
    Standing charge - 36.54p

    Gas - 7.05 per KWH
    Standing charge - 27.47p

    Gas was the biggest decrease from memory, a lot of stuff was the same, I think has had gone down 0.5p not much but over a year it adds up.

    It does have a £75 early exit fee for gas and the same for Electric, even if I change tariff during the year, I guess it will have to fall a lot to make it pay to take the hit on paying that.
  • MrOneLung
    MrOneLung Posts: 26,902
    Doesn’t Martin Lewis suggest not fixing yet as the cap will come down (October?) and you are fixing at the higher rate now ? 
  • bobmunro
    bobmunro Posts: 20,880
    MrOneLung said:
    Doesn’t Martin Lewis suggest not fixing yet as the cap will come down (October?) and you are fixing at the higher rate now ? 

    The forecasts are that the cap is unlikely to fluctuate by more than £100 here and there for the rest of this decade. I would wait until October and then fix.
  • Mendonca In Asdas
    Mendonca In Asdas Posts: 22,664
    MrOneLung said:
    Doesn’t Martin Lewis suggest not fixing yet as the cap will come down (October?) and you are fixing at the higher rate now ? 
    He’s probably right, but the last time I paid attention to him on energy bills, I didn’t fix, war broke out in Ukraine, my energy bills doubled and I’d have wanted to go on a fixed rate deal, it would have doubled again!

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