Well this covers approximately 1/6th of the rise in my mortgage payments.
Absolutely Pathetic
Today, the octopus price tracker rate is
Elec 16.78/kwh & 47.50/day
Gas 3.75/kwh & 26.84/day
People are being fully fucked out of their money at the proposed rates.
A little over £400 less than the previous cap so a nice drop.
Still roughly double what it was three years ago and according to Sky News its unfortunately not expected to return to pre-pandemic levels until the end of the decade.
OFGEN (and the media) are obsessed with the “typical household” figure – when millions of us don’t live in typical households. What’s the pence per unit figure?
Remember folks this will work out as £26 less per year as we had the £400 from the gov. Barely any change to what it will feel like but I guess good news that it’s going at least slightly down.
Sounds cheap in comparison but we’re still having the piss taken out of us.
Thanks Putin. I hope your next shite is a hedgehog.
Just remember – rocket up and parachute down. And while the prices are slowly falling someone is making obscene amounts of money – usually one of the Tory MPs ‘friends’
Basically my Nov to Jan/Feb bill of £470 a month will go down to £410 a month
Except with the £470 bill I was getting £67 discount.
So it’s now it’s going to be the same and a few quid more.
Yay.
2023 is way worse than 2008.
I love that this seems to reported as a win when it’s still hugely expensive.
Why are we talking about “price caps” rather than just the prices falling?
Right after we’ve all been fucking spanked this winter.
Cheers mate
The old raise the price by a £1000 then when everyone is at boiling point drop the price by a quid.
Fantastic news…..woohioo.
I remember when there were fuel protests about petrol raising over the pound mark.
However, once they raised it to 2 pound and then dropped it by 50p, everyone’s placated.
A relief, I’ve been on a variable rate for nearly 2 years. Energy use anxiety has been immense! I just hope this trend continues and our summer stays warm, come October it would be welcome to see a further 20/30% as per wholesale predictions.
As it’s summer we will average £120pm, whilst in winter it was closer to £270(including discount)!
The country can’t do another winter with inflated energy costs.
The standing charge is a fucking joke.
This whole situation was due to the war in Ukraine causing wholesale prices to rise.
There is no fucking reason that should cause the standing charge to double
Yes I can now buy that Greggs sausage roll I’ve always wanted
Will be weeks before we see the Economy 7 figures, which will probably once again disadvantage us!!
So yet again they’ve jacked the standing charges up, making it harder for people who need to save money to do so by cutting down.
Arseholes.
Wholesale gas for this winter is trading at 4.3 – 5p/kwh for about 3 months now.
For contracts closer this summer/autumn are nearing the top end of what’s normal for gas @2-3p/kwh
The cap is 8p.
Surely, with hedging and the price of forward contracts, suppliers should now be offering us fixed term contracts far below the cap as was normal….. surely.
18 comments
Well this covers approximately 1/6th of the rise in my mortgage payments.
Absolutely Pathetic
Today, the octopus price tracker rate is
Elec 16.78/kwh & 47.50/day
Gas 3.75/kwh & 26.84/day
People are being fully fucked out of their money at the proposed rates.
A little over £400 less than the previous cap so a nice drop.
Still roughly double what it was three years ago and according to Sky News its unfortunately not expected to return to pre-pandemic levels until the end of the decade.
OFGEN (and the media) are obsessed with the “typical household” figure – when millions of us don’t live in typical households. What’s the pence per unit figure?
Remember folks this will work out as £26 less per year as we had the £400 from the gov. Barely any change to what it will feel like but I guess good news that it’s going at least slightly down.
Sounds cheap in comparison but we’re still having the piss taken out of us.
Thanks Putin. I hope your next shite is a hedgehog.
Just remember – rocket up and parachute down. And while the prices are slowly falling someone is making obscene amounts of money – usually one of the Tory MPs ‘friends’
Basically my Nov to Jan/Feb bill of £470 a month will go down to £410 a month
Except with the £470 bill I was getting £67 discount.
So it’s now it’s going to be the same and a few quid more.
Yay.
2023 is way worse than 2008.
I love that this seems to reported as a win when it’s still hugely expensive.
Why are we talking about “price caps” rather than just the prices falling?
Right after we’ve all been fucking spanked this winter.
Cheers mate
The old raise the price by a £1000 then when everyone is at boiling point drop the price by a quid.
Fantastic news…..woohioo.
I remember when there were fuel protests about petrol raising over the pound mark.
However, once they raised it to 2 pound and then dropped it by 50p, everyone’s placated.
A relief, I’ve been on a variable rate for nearly 2 years. Energy use anxiety has been immense! I just hope this trend continues and our summer stays warm, come October it would be welcome to see a further 20/30% as per wholesale predictions.
As it’s summer we will average £120pm, whilst in winter it was closer to £270(including discount)!
The country can’t do another winter with inflated energy costs.
The standing charge is a fucking joke.
This whole situation was due to the war in Ukraine causing wholesale prices to rise.
There is no fucking reason that should cause the standing charge to double
Yes I can now buy that Greggs sausage roll I’ve always wanted
Will be weeks before we see the Economy 7 figures, which will probably once again disadvantage us!!
So yet again they’ve jacked the standing charges up, making it harder for people who need to save money to do so by cutting down.
Arseholes.
Wholesale gas for this winter is trading at 4.3 – 5p/kwh for about 3 months now.
For contracts closer this summer/autumn are nearing the top end of what’s normal for gas @2-3p/kwh
The cap is 8p.
Surely, with hedging and the price of forward contracts, suppliers should now be offering us fixed term contracts far below the cap as was normal….. surely.