“A further spike in gas prices yesterday has added close to £500 to the forecasted energy price cap next year.
Experts are now predicting the energy price cap will be set at £6,552 in April, based on yesterday’s price.”
Nationalise the bloody lot.
Never vote Conservative.
I honestly think they’re over egging the forecasts so when it comes in at slightly under they can say “see, things aren’t as bad as we thought. Vote Conservative!”
>Experts are now predicting the energy price cap will be set at £6,552 in April, based on yesterday’s price.
This is getting beyond a fucking joke…I suppose it doesn’t matter anyway because it can go as high as it likes, I still can’t fucking afford it
The number may as well be £30k….. Or a £1million
There comes a point where people can’t afford and I can’t afford the prices from January.
Who has £6522/year or £543.50 / month for this??
YSK: If your household is spending more than 10% of disposable income energy you’re considered in fuel poverty!!
Your household would have to be bringing in £75,000+ to not be classed in fuel poverty after other bills like council tax,mortgage/rent, food, other utilities.
I am really struggling to understand the point of a cap that just keeps increasing in line with prices, and also why it is so high, I mean surely the main beneficiaries of this are going to be relatively well off families living in massive old houses in the countryside, your average family in your average suburban house isn’t really going to benefit at all as I would think most of these homes are unlikely to hit the cap, or am I missing something?
Riots on the streets starting 5th September.
Sounds like it’s going to be an interesting year to remember. No doubt the boomers will remind how they had it so much worse.
Forecasted price rises seem to be happening so frequently I’m actually losing track
What’s the point of these news other than clickbait? If it becomes impossible to live and people see their children sick all the time from that cold, they will warm themselves up by torching Shell Energy Head Office. And the prices will then magically drop.
It’s ironic. I was laughing at the US for removing abortion rights and going back to the dark ages.
If our energy prices keep going here, I literally will be in the dark.
If they get that high the entire economy will collapse. No ifs or buts. The price of food will also rise and if people are lucky enough to be able to afford to feed themselves the vast majority will not have any discretionary spending. If that happens then businesses close, unemployment skyrockets, mortgages are defaulted, houses are repossessed, homelessness increases, crime goes up and society collapses.
That’s not doom mongering. It’s an educated guess on what happens when people don’t have the money to live anymore.
£6’552/12 = 546 per month
That’s like another rent in some places. Mad stuff.
What’s the minimum wage these days for FT work? Is it £19K? £20K/year?
If someone has, say, £1K rent and £550 bills each month, that’s £1’550/month x 12 = £18’600 outgoings on _just_ the rent and bills alone.
It’s seriously getting to a point where people just won’t pay because there’s nothing to pay out of.
Why is it still called a cap if it can just be raised indefinitely?
Are the conservatives going to do anything at all? Or just pretend nothing is happening
The sheer scale of the failure that has been privatization is truly incredible…
I don’t even care at this point, for me there no difference in it being £6000 or £10000. Can’t afford it either way.
This feels like “they” are forecasting caps so high that when it’s ‘only’ £4,500 they’ll be able to pretend they did something.
One thing people have to bear in mind here is that these prices are basically the market telling us we can’t consume what we were previously. Some predictions have these prices being high till the middle of the decade, so temporary measures aren’t enough, this requires a good look at our comsumption, the government really should be out there saything this to people. We can’t heat our homes like we’re used to.
This is terrible for people whos homes are poorly insulated, but we’ve failed as a nation to deal with that problem for decades, its not just a failure of the last decade, most of our poor housing stock could’ve been updated long before that. People maye legitmately have to start taking drastic action, especially if the winter is a cold one, people moving in with family or neighbours etc. I just hope people can afford to keep their homes above freezing, even if they have to move out temporarily, as adding burst pipes to your already cold home would be awful.
People are going to suffer, but also so are business, who aren’t protected by a cap, if they go under or cut jobs then the people just scraping by will have nothing to fall back on, especially when the pandemic really drained the majority of reserves, especially in hospitality.
I don’t believe any government right now could prevent a certain amount of pain, these are forces beyond our nation, but a compotent government could help us navigate this, and if we had compotent adminstrations for the past decade we might have been in a better position to weather it.
So strange to see this. I live in a west facing (gets sun) apartment in Vancouver and my heating bill over winter (same as UK, some snow, lots of rain) is $60 (40gbp) for 2 months and hasn’t gone up in years. Granted, we have other major issues (food and housing costs) but energy isn’t one of them. Just so people can see how it can be better elsewhere (and when made public).
Where’s that fucker who said it goes up everytime they blink?
Pin their eyes open for god sake.
WTF are they basing this all on? Who needs to buy another superyacht?
Yes, I’m well aware prices are going up all over Europe. But we here in the UK are getting an absolute battering. The majority of this shit is price gouging. What’s the end goal? People simply stop paying cuz they can’t afford it?
This is a absolute joke. At 3.3 times the current cap a standard 27kWh combi boiler would cost up to £6.48 per hour to have on.
If you were on the cap last year it would have cost max £0.95.
Government fucking sort out the hyperinflation of our utilities.
And at the same time as energy is becoming a scarce commodity we’re arguing against solar pAnels
The price cap is a nonsense. Who knows what it actually means? As I understand it, it’s based on ‘average consumption’ which is a fiction anyway.
Wht can’t the Govt/Ofgem couch it in understandable terms? Why can’t they say ‘The price cap means your electricity will be capped at xx pence per unit. Your gas will be capped at yy pence per unit. Your standing charge will be capped at zz pence per day for electricity and ww pence per day for gas.’ At least that makes sense to most people – right now I have no damned clue what my bills might end up being, and the ‘price cap’ means diddly squat to me.
And if setting the cap that way means the energy companies aren’t making a profit, or are even making a loss, tough luck. They’ve raked in profits hand over fist for the last 6 months (over and above what they’d already earmarked for ‘investment’, and they admitted as much).
Panel 1: makes country highly dependent on foreign energy imports from often unstable/hostile regions
Panel 2: enters war of sanctions with Russia
Panel 3: ‘how did this happen? Bloody tories!’
If you have any spare cash whatsoever, buy an electric blanket for each person in the house. They’re way cheaper than central heating and keep you nice and cosy. You’ll be thankful for it come winter.
The government can stop this and are choosing not to. It is deliberate. There is for some reason an agenda designed to make the ordinary person poor. Energy bills are only the beginning.
The whole country needs to stand up against this tyranny.
Oh, come on. Let this be a lesson. Tories must never, ever be in power again
I think it will be by 30 k by the end of next year.
People will just stop paying, there wont be enough debt collectors and bailiffs to chase everyone.
They might as well put it up to £40,000
It’s beyond what most people can pay now.
And from the Tories…crickets and Liz Truss talking absolute bollocks.
They need to do something drastic here. People will die as a result of this over winter, simple as that.
Businesses will go under, making people redundant and put on to benefits, which will increase the strain on public finances. People will avoid putting heating on, probably causing damage to their homes which will cost even more in future to fix. What are charities etc to do here? Hospices? Hospitals?
It’s not just direct gas/electric to people either, it’s directly driving inflation as companies put their prices up to pass on to consumers, so people are paying twice.
Truss cannot just bullshit her way through soundbites and say nonsense about green levies and tax cuts, it’s not going to work.
34 comments
“A further spike in gas prices yesterday has added close to £500 to the forecasted energy price cap next year.
Experts are now predicting the energy price cap will be set at £6,552 in April, based on yesterday’s price.”
Nationalise the bloody lot.
Never vote Conservative.
I honestly think they’re over egging the forecasts so when it comes in at slightly under they can say “see, things aren’t as bad as we thought. Vote Conservative!”
>Experts are now predicting the energy price cap will be set at £6,552 in April, based on yesterday’s price.
This is getting beyond a fucking joke…I suppose it doesn’t matter anyway because it can go as high as it likes, I still can’t fucking afford it
The number may as well be £30k….. Or a £1million
There comes a point where people can’t afford and I can’t afford the prices from January.
Who has £6522/year or £543.50 / month for this??
YSK: If your household is spending more than 10% of disposable income energy you’re considered in fuel poverty!!
Your household would have to be bringing in £75,000+ to not be classed in fuel poverty after other bills like council tax,mortgage/rent, food, other utilities.
I am really struggling to understand the point of a cap that just keeps increasing in line with prices, and also why it is so high, I mean surely the main beneficiaries of this are going to be relatively well off families living in massive old houses in the countryside, your average family in your average suburban house isn’t really going to benefit at all as I would think most of these homes are unlikely to hit the cap, or am I missing something?
Riots on the streets starting 5th September.
Sounds like it’s going to be an interesting year to remember. No doubt the boomers will remind how they had it so much worse.
Forecasted price rises seem to be happening so frequently I’m actually losing track
What’s the point of these news other than clickbait? If it becomes impossible to live and people see their children sick all the time from that cold, they will warm themselves up by torching Shell Energy Head Office. And the prices will then magically drop.
It’s ironic. I was laughing at the US for removing abortion rights and going back to the dark ages.
If our energy prices keep going here, I literally will be in the dark.
If they get that high the entire economy will collapse. No ifs or buts. The price of food will also rise and if people are lucky enough to be able to afford to feed themselves the vast majority will not have any discretionary spending. If that happens then businesses close, unemployment skyrockets, mortgages are defaulted, houses are repossessed, homelessness increases, crime goes up and society collapses.
That’s not doom mongering. It’s an educated guess on what happens when people don’t have the money to live anymore.
£6’552/12 = 546 per month
That’s like another rent in some places. Mad stuff.
What’s the minimum wage these days for FT work? Is it £19K? £20K/year?
If someone has, say, £1K rent and £550 bills each month, that’s £1’550/month x 12 = £18’600 outgoings on _just_ the rent and bills alone.
It’s seriously getting to a point where people just won’t pay because there’s nothing to pay out of.
Why is it still called a cap if it can just be raised indefinitely?
Are the conservatives going to do anything at all? Or just pretend nothing is happening
The sheer scale of the failure that has been privatization is truly incredible…
I don’t even care at this point, for me there no difference in it being £6000 or £10000. Can’t afford it either way.
This feels like “they” are forecasting caps so high that when it’s ‘only’ £4,500 they’ll be able to pretend they did something.
[I refer to my comment from last week](https://www.reddit.com/r/unitedkingdom/comments/wpxn2n/energy_bills_prices_could_hit_5500_next_april_in/ikjiq6q/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
One thing people have to bear in mind here is that these prices are basically the market telling us we can’t consume what we were previously. Some predictions have these prices being high till the middle of the decade, so temporary measures aren’t enough, this requires a good look at our comsumption, the government really should be out there saything this to people. We can’t heat our homes like we’re used to.
This is terrible for people whos homes are poorly insulated, but we’ve failed as a nation to deal with that problem for decades, its not just a failure of the last decade, most of our poor housing stock could’ve been updated long before that. People maye legitmately have to start taking drastic action, especially if the winter is a cold one, people moving in with family or neighbours etc. I just hope people can afford to keep their homes above freezing, even if they have to move out temporarily, as adding burst pipes to your already cold home would be awful.
People are going to suffer, but also so are business, who aren’t protected by a cap, if they go under or cut jobs then the people just scraping by will have nothing to fall back on, especially when the pandemic really drained the majority of reserves, especially in hospitality.
I don’t believe any government right now could prevent a certain amount of pain, these are forces beyond our nation, but a compotent government could help us navigate this, and if we had compotent adminstrations for the past decade we might have been in a better position to weather it.
So strange to see this. I live in a west facing (gets sun) apartment in Vancouver and my heating bill over winter (same as UK, some snow, lots of rain) is $60 (40gbp) for 2 months and hasn’t gone up in years. Granted, we have other major issues (food and housing costs) but energy isn’t one of them. Just so people can see how it can be better elsewhere (and when made public).
Where’s that fucker who said it goes up everytime they blink?
Pin their eyes open for god sake.
WTF are they basing this all on? Who needs to buy another superyacht?
Yes, I’m well aware prices are going up all over Europe. But we here in the UK are getting an absolute battering. The majority of this shit is price gouging. What’s the end goal? People simply stop paying cuz they can’t afford it?
This is a absolute joke. At 3.3 times the current cap a standard 27kWh combi boiler would cost up to £6.48 per hour to have on.
If you were on the cap last year it would have cost max £0.95.
Government fucking sort out the hyperinflation of our utilities.
And at the same time as energy is becoming a scarce commodity we’re arguing against solar pAnels
The price cap is a nonsense. Who knows what it actually means? As I understand it, it’s based on ‘average consumption’ which is a fiction anyway.
Wht can’t the Govt/Ofgem couch it in understandable terms? Why can’t they say ‘The price cap means your electricity will be capped at xx pence per unit. Your gas will be capped at yy pence per unit. Your standing charge will be capped at zz pence per day for electricity and ww pence per day for gas.’ At least that makes sense to most people – right now I have no damned clue what my bills might end up being, and the ‘price cap’ means diddly squat to me.
And if setting the cap that way means the energy companies aren’t making a profit, or are even making a loss, tough luck. They’ve raked in profits hand over fist for the last 6 months (over and above what they’d already earmarked for ‘investment’, and they admitted as much).
Panel 1: makes country highly dependent on foreign energy imports from often unstable/hostile regions
Panel 2: enters war of sanctions with Russia
Panel 3: ‘how did this happen? Bloody tories!’
If you have any spare cash whatsoever, buy an electric blanket for each person in the house. They’re way cheaper than central heating and keep you nice and cosy. You’ll be thankful for it come winter.
The government can stop this and are choosing not to. It is deliberate. There is for some reason an agenda designed to make the ordinary person poor. Energy bills are only the beginning.
The whole country needs to stand up against this tyranny.
Oh, come on. Let this be a lesson. Tories must never, ever be in power again
I think it will be by 30 k by the end of next year.
People will just stop paying, there wont be enough debt collectors and bailiffs to chase everyone.
They might as well put it up to £40,000
It’s beyond what most people can pay now.
And from the Tories…crickets and Liz Truss talking absolute bollocks.
They need to do something drastic here. People will die as a result of this over winter, simple as that.
Businesses will go under, making people redundant and put on to benefits, which will increase the strain on public finances. People will avoid putting heating on, probably causing damage to their homes which will cost even more in future to fix. What are charities etc to do here? Hospices? Hospitals?
It’s not just direct gas/electric to people either, it’s directly driving inflation as companies put their prices up to pass on to consumers, so people are paying twice.
Truss cannot just bullshit her way through soundbites and say nonsense about green levies and tax cuts, it’s not going to work.