New forecast bills could top £5,000 next year – with costs of £571 in January alone

45 comments
  1. Was just posting this myself. We’re screwed. Utterly.

    Seriously, how long can we stand for this?!

  2. I want to see the goverment announce some giga projects:

    * Solar production
    * Wind
    * Resevoir Building
    * Home insulation projects.

  3. It’s a shame most of the people who actually own property and have their name on the monthly bills are too old to go and smash shit up about this. It’s a perfect storm.

  4. The government could do something, they could tell Ofgem to reduce the price cap, but they won’t because it will lead to energy companies folding because the energy providers won’t reduce their profit margins.

    What can “we” do, there are a few things you can do to reduce your energy usage, and if you can afford to, chuck some money at making your house more energy efficient, you could arguably get a loan for a solar and battery system and the repayments would be around the same as you’d save on your bills, we have a 6 kW system with battery, and most of the year it will completely cover our electricity usage, and half it in winter.

    If you really can’t afford to pay your bills, speak to your energy company, they have a duty to help you.

  5. The only choice most people have to keep their bills down is not use any gas or elec… winter is going to be bleak…

    Im a pleb so dont understand this but why does a cap keep moving, the benefits cap never moved this much, funny that.

    Why are ofgem so utterly powerless.

    January is still months away and the cap has gone up by 500ish in a few weeks.

    What will it be in december? 8-9k?

  6. I don’t even know what to say to that…by the time we get to January, what’s it gonna be? How is anyone on a lower income or benefits supposed to afford that?

  7. We’ve already got housing benefits and a massive reduction in council tax when on benefits, how likely is an energy benefit?

  8. Energy suppliers have to just cut their margins, if EDF and the like can’t afford to buy from them as we the customers can’t afford to pay, where will they sell their energy? Not like we’re the only ones that don’t have the money for these prices.

  9. I fixed my price last night, estimated £340/month until September 2023. I made a bleak joke that when it came time to renew it’d probably be £600/month and a day later we’re nearly there.

  10. I think today is the day I stop scrolling this sub and start avoiding news in general because its just depressing. The number seems to go up everyday, the media isn’t helping by throwing these stories out everyday either . They know people are worried about rising bills so any story thrown out there with some numbers higher than the day before will get clicks.

  11. It will come to a point where no matter the cap, its value is zero. Doesn’t matter the price, if you don’t have the money, gas and electricity has no value.

  12. It kind of seems like this number jumps up £500 a week at this point, by September/October time it’s going to be forecast at £10k odd, what do they actually expect people to do?

  13. It’s quite to sad to say it but more than the price rises even, the threat of blackouts here and in the EU mean at some point public support for Ukraine will just evaporate and they’ll lift the sanctions on Russia. Its not pleasant but there’s no way the public are going to support ongoing sanctions at the cost of blackouts and inability to pay their bills, it’s too bad we didn’t spend the last 30 years of relative peace building sufficient renewable to avoid this scenario, but the price cap estimate is rising weekly at this point, and something’s going to give, and unfortunately I think that’s what it’ll be. Though America is a lot less reliant on Russian gas and are probably a lot less likely to withdraw support so it’s going to be complicated

  14. Right I am a citizen who cant afford to live here anymore.

    I am leaving. Good luck getting young people to stay you muppets.

  15. I never thought I’d see the day when my oil fired heating was the cost effective option. I’ve seen a 40%ish uptick in oil cost but that pales in comparison to the 2000%+ rise gas has seen.

    I’m worried for my GFs gran, no idea how she is going to be able to have the heating on in winter.

  16. Let’s just keeping commenting about it on social media and I’m sure we will get through.

  17. Just remember…when all the energy companies are owed billions and billions from the public, it will be them that are in trouble…not the public.

  18. Anyone else feel like they do A/B testing with this shit to see what they can get away with up front? I do. Not being funny but Electric comes AFTER rent, council tax, water. If I ain’t got it, the Government will have to pay it. If it’s more than all of those, I’ll set fire to something rich.

  19. Surely a politician must think to themselves “a yes this will cause a massive reduction in disposable income at the most important time for retail during the year, possibly leading to more job losses in that sector.” I would like to think after that thought they would then produce a solution, but I have doubts.

  20. We need to strike. All of us, at once. We’re being squeezed from every direction while our government refuses to act because they’re all too focussed on villainising trans people instead of dealing with the actual issues that are crippling us. It needs to stop. We need to do something.

  21. The knock on effect of this is gonna be huge. Small businesses like bars and restaurants are going to be whacked both by increased costs and reduced demand when their customers are have less disposable income. This is going to fuck the economy.

  22. Its insane. I earn a pretty good salary, have a low mortgage and all these other advantages and it’s really taking a huge chunk out of bank account. Come winter this really is going to kill those on low incomes.

  23. I just don’t understand.. Surely at some point soon the government will simply *have to* step in and do something? If the majority of households simply cannot afford to buy goods and services then wouldn’t that just hurt the economy even more, as more and more businesses will go bust? I’m definitely no expert but I just don’t see how the economy can survive on the small proportion of wealthy households’s spending only?

  24. Hmmm. Now don’t get me wrong, I know we are in the shit big time but it seems everyday there is a report with a new higher estimate. Literally every day.
    I’m getting a bit sceptical about it now.
    I’m beginning to wonder who would benefit from making overblown predictions. How much tomorrow? 5,200? 6,000 by next week?

    Just something I’d noticed and I seriously hope I’m right. For the first time in ages I’m glad I live alone with no children and my girlfriend has her own place (she’s not the best with money, I’m the opposite)

    Also that I lucked into a fixed tarrif until 2024 just before this got wildly out of hand. My poor missus just moved into a new flat and has to get a fresh tariff. All utilities were included at her last flat because all the flats shared one meter.

  25. The fact these projections are changing to drastically pretty much day to day just go to show how utterly pointless this ‘price cap’ is.

    It’s not fit for purpose.

    What’s the point of a cap which isn’t actually a cap that is just going to keep going up and up?

    It’s a broken system which needs put in the bin and totally rethought from scratch.

  26. They can keep rising the price, hell, make it a £1,000,000 a month. It people don’t have it, what have they left to lose except more suffering.

  27. When it comes to an election please remind everyone of the government inaction during this. Why are we waiting for a new leader?

    The Tories are clearly aiming to preserve the applause of action for the new leader in hopes of rescuing the Tory party’s hopes of re-election.

    Fuck the Tories. I hope the Lib Dems end their prominence in this country forever.

  28. Honestly, if everyone just stopped paying what can they do. Too many people to go after if we all go on an energy strike.

  29. Are the companies now just playing a game to see how high they can get it before the government actual does something useful.

  30. Idk about the rest of you but I want serious government intervention in the energy market. I want them to threaten to take over all domestic fossil fuel production if these companies don’t cough up their UK-sourced profits in tax. Fucking ban exports, I don’t give a fuck, just *do something* fucking *now*.

  31. lmao i’m literally just not paying this

    i don’t give a fuck about my “credit score” or whatever, what use is that when i’m never gonna own anything for the rest of my life anyway? i’m so done with this shit. they can send the fucking bailiffs around. every fucking opportunity has been taken from me since i left school, it’s been recession after plague after war after recession and every step of the way these cunts at the top have profiteered and stuck their hand deeper into my pocket.

    literally not paying this shit anymore

  32. There is a price cap which is supposed to prevent this.

    Ofgem keep raising it to silly levels.

    Because they want to protect the energy companies from volatile prices.

    The cap was literally introduced to protect the consumer.

    But people don’t matter in endgame capitalism, just profits.

    What happens in Monopoly when all the land is owned and there’s a hotel on each?

    Arguments about the rules, bankruptcies and carnage.

    See some of you on the other side.

  33. For the first time ever in my life, I am considering moving my family abroad. I thought I was an ok earner, but these bills are destroying my income now. I am worried I won’t be able to feed my family in a year or 2 when it climbs to 1k a month.

  34. Looks like I’m burning wood from the park by me to keep warm, and eating ducks from the pond for sustenance.

    Remember the Cameron’s Tory slogan ‘we’re all in this together’?

    I don’t think Truss or Sunak will be having ‘heating or eating’ dilemmas.

  35. The only positive thing the Tories have done in the last 12 years is under fund the police so badly that they won’t stand a chance when we all march on Westminster.

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