Price cap seen to breach £6,000 for first time in grim new forecast

41 comments
  1. Author: August Graham

    The price that you pay for your gas and electricity is set to soar by more than threefold from an already record level, according to a forecast that will worry millions of families.

    Energy prices could spike at as much as £6,000 per year for the average household from next April, experts warned

    The cost-of-living crisis is only set to get worse between now and next summer, as consultancy Auxilione predicted that the price cap on bills will gradually rise by more than £4,000 in the next eight months.

    They said that the cap is expected to reach £3,576 in October, rising to £4,799 in January, and finally hitting £6,089 in April.

    The new forecast is an increase of £96 in January and £233 in April compared to the last one.

    The cap is currently at £1,971 for the average household.

    Households who consume more than the average pay more for their energy bills.

    The forecasts, based on Friday’s gas price, are another major blow for families around Britain and will put extra pressure on the Government to act.

    Around 45 million people are forecast to be thrown into energy poverty this winter.

    Millions of homes are likely to be kept very cold as people try to save what little they can on their energy bills.

    The rising cap is due to the runaway price of gas on European markets.

    This was set off about a year ago as demand for gas soared when economies emerged from Covid-19 lockdowns.

    But then came the war in Ukraine.

    Since then Russian gas supplies into Europe have been severely slashed.

    It has caused the gas price to spike to levels never seen before.

    The energy price cap, which is set by Ofgem, only limits the profits that energy suppliers can take.

  2. It just keeps fucking going up. I’m sorry, but I don’t have that kind of money to spend on basic fucking utilities. I guess I’ll be going into debt then, because I’d rather fucking eat. At this point, I just don’t even care anymore

  3. I swear there’s a plot to make these forecasts get bigger and bigger, then when it gets to to something still bad, say, £4,000 the government goes “phew wasn’t as bad as predicted eh? We did a grand job”. Because let’s face it that’s exactly what they’d do.

  4. It was grim already at £3.5-4k. $6k is just ridiculous. Basically no one will be able to pay for energy. If this happens the UK will enter a depression. Most would not be able to afford living essentials, let alone spend money anywhere else.

    Edit: The difference between October and April is now something like £2k/year taking this at face value. £2k post-tax is approximately an additional £2600 pre-tax pay increase which would require, for someone making £31k/year median wage, an approximate 8% raise this year. Not counting the other cost of living increases. My rent for instance went up 8% this year. Would need another 8% raise for that approximately.

  5. Only if we let the cunts get away with it. People are going to die this winter. They will either freeze to death or starve. While the ministers, mp’s and diectors and shareholders of these companies will be raking the cah in.
    This is where our society is now. No civilised society abandons its most vunerable.

  6. FFS just cut the foreplay and shoot it to £24k per year. Let’s just ask our employers to redirect our wages straight to the energy companies.

  7. I’m just going to leave this list of energy companies profits here…

    Centrica – 1.34 Billion .

    SSE – 1.16 Billion (23% increase)

    E.on 3.47 Billion

    National Grid-Profits: £3.4bn in 2021-22

    Ørsted Profits: £1.5bn in first half 2022

    Scottish Power
    Profits: £925m in first half 2022

    EDF Energy
    Losses: €5.3bn (£4.5bn) loss in first half 2022 ( due to intervention from the French government – there price cap is 4%)

    BP – 7.66 billion

    Shell- 7.49 billion

    Exon – 7.25 billon

  8. Wasn’t it just a few weeks ago that people were scoffing at the don’t pay campaign on this sub, well at these prices I don’t think anyone will be able to pay each month regardless and to be honest, when it’s a choice between eating and heating, you just don’t care about your credit file.

  9. Fuck it, let it go to 10k, it’s absolutely irrelevant at this point. It won’t be paid by the masses at the October cap increase, let alone what hell they’re predicting for April.

    Politicians are going to pay for this in more ways than one, I suspect the political class are going to get a rude awakening which is long deserved.

  10. 400% increase of the rate prior to April 2022. How is that at all feasible?

    £1 a unit!! Use 9 units a day and your bill is going to be £70 a week, government rebate is £16.5 a week, so £53.5 payable.

    For someone on JSA that is 2/3rds of their money, for someone on basic ESA it’s almost half of their money.

  11. There’s no way that’s real lol. 6k? I’d sooner spend 6k on wood, an outboard and a prayer to get me off this hellscape island

  12. Genuine question, do gov not realise that the majority of people will not be able to pay this? Many will either not pay or end up defaulting..

  13. Just bring your farm animals in over Winter,put them downstairs,and their body warmth will heat upstairs.

    Wait,I can’t afford a two- storey dwelling.

    And I can’t afford livestock.

    I am worse off than a medieval peasant.

  14. Once you’ve finally forced a response from the British public they will become a force that you will no longer have any form of control over.

    You will regret it and I advise you to stop kicking the dog.

  15. How is the average person going to pay this bill?
    How are the pensioners? The disabled? The sick?

    The unemployed won’t be able too on their 334 a month.

    There’s only so many corners you can cut and there’s only so.much cutting back you can do.

    People will die because of this.

  16. It’s total bull, record profits and yet it’s a crisis! No it’s not a crisis it’s energy companies being able to do what they want

  17. Who do they think is paying these bills? It wont be any of us. It will just be them sitting with no customers and the courts with a million year back log of cases against people who cant pay. Lock us all up, you cunts can pay to keep the heaters on.

  18. Well here is a story for you then. Right before the prices went through the roof last year, my wife had a funny feeling that shit is about to hit the fan and convinced me to switch to 2 year fixed rate. We secured 19.8p per kWh of electricity and the current storm for us was not an issue… but our dear supplier decided about two weeks ago (a year into the contract) to change our tariff to 30.2p per kWh without as much as a howdy. They then recalculated all bills for the past year and sent us an email that our account which was previously in credit is now nearly half a grand in debt and they are increasing our DD from £190 to £280 because they are so concerned about our account getting out of control.
    When I called them up and told them they violated the terms of their own contract and I want them to fix this mess they literally asked me what proof do I have that the rate was ever at 19p and that it’s impossible to change a fixed rate contract… thankfully we had our paper contract and all the online bills that were emailed to support our claim… what is even more obnoxious is that they went ahead and regenerated all our old bills with the new and incorrect rates so when you go to the online account it showed as if we were always on the higher tariff. Now I have to pay the increased DD rate while they figure out what happened and apparently it will take them 47, yes that is not a random number, 47 fucking days to investigate this issue… but we should still pay for their mistake cause… reasons.

  19. £6k. That’s 1/3 of my annual income.

    All I can say is, good luck to my energy provider getting that from me, I literally don’t have it. Can’t get blood out of a stone 🤷‍♀️

  20. I’m honestly not sure what to even say about this, because the thought going through my mind is just “But they can’t do that”. People simply cannot pay it. What’s the point in a bill that can never be paid?

    Our household could pay it, at the moment (not that we’d be happy about it, that’s a large chunk of my income). But. With those prices, people are going to be cutting back, going out of business, all the usual ‘fun’ stuff. And sooner or later, the customers of my employer are going to cut back, which means us. So the job which means we can pay this will be gone. Lather, rinse, repeat, for anyone else in my (temporarily comfortable) position and even those who can manage it now are screwed, just a bit later than those already struggling.

  21. Folks keep saying that this is due to the war in Ukraine but let’s be real, this is the result of 12 years of poor economic planning and cuts. The system simply doesn’t have the buffer to weather shocks like war and pandemic.

    The only thing the Tory party has ever been good at, is spin.

Leave a Reply