Energy prices

[tabascokid]

Has anyone else had the horror email yet from their supplier? I had mine from Octopus yesterday, explaining that my bill is set to go from £1500 a year to £4500. Absolutely crazy. The 54% price cap only applies to those still within a fixed term.

Also, any idea of just using less energy and popping another jumper on is killed when you realise they’ve put the price rise in the standing charges, not the unit price. You’ll still get stung even if you never turn it on.

How the hell people on the breadline will survive this is well and truly beyond me.


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[reecie]

That seems a bit(!!) high. My Octopus estimate is around 50% higher not 300%.

[Onelasttime]

Has anyone else had the horror email yet from their supplier? I had mine from Octopus yesterday, explaining that my bill is set to go from £1500 a year to £4500. Absolutely crazy. The 54% price cap only applies to those still within a fixed term.

Also, any idea of just using less energy and popping another jumper on is killed when you realise they’ve put the price rise in the standing charges, not the unit price. You’ll still get stung even if you never turn it on.

How the hell people on the breadline will survive this is well and truly beyond me.


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Eh? The 54% rise in the price cap is applicable to everyone on a variable contract and is set as the maximum rate a provider can charge you.

Unless you're just coming to the end of a fixed term contract, the figures Octopus have given you sound wrong?

[hughtrimble]

Monster TZ energy price thread here too: https://forum.tz-uk.com/showthread.p...hlight=Octopus

[RLE]

Yes, the standing charges have increased, but that figure over the year is insignificant when comparing it to the unit price, which in our case has doubled.

[jukeboxs]

A lengthy thread on this already. Might be worth you have a read and familiarising yourself.

https://forum.tz-uk.com/showthread.php?499647

[tabascokid]

Ah cheers. I guessed it would have been discussed but I couldn’t see one when I searched.

@onelasttime Sadly, that’s exactly it. My fixed term ends on the 22nd so they’re absolutely hammering me.


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[Kingstepper]

Ah cheers. I guessed it would have been discussed but I couldn’t see one when I searched.

@onelasttime Sadly, that’s exactly it. My fixed term ends on the 22nd so they’re absolutely hammering me.


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Well not really, you were on a (relatively) good deal, now you’ll be paying the same as us!

[Onelasttime]

Well not really, you were on a (relatively) good deal, now you’ll be paying the same as us!

Exactly! Still a bloody big shock though.

We're spending this year doing everything we can think of to make the house as insulated and future proof as we possibly can – insulating the garage, building a proper brick frontage instead of the garage door, putting in sliding doors to make rooms smaller, thick thermal curtains, false roof and insulation in the room above the garage, new back and front doors.

We should look into replacing all the windows but the previous owners only had them reglazed in 2020.

And we need to investigate a better boiler system as well. The current set up is over 20 years old with a megaflo hot water tank from the 80s. It all works but I'm sure it could work a lot better.

It's going to hurt

[guinea]

Try as I might, I can't find out what my new elec/gas tariff is going to be. I've played on SSE's website, but all I can see is their fixed price deals, which on my usage they are quoting me 4 times more than I currently pay. £206pm -> £827pm.

Clearly I am going to stay on the price capped rate, but I don't know what that's going to be. I'm guessing ~£300 a month which is where I was a year ago before installing new boiler/hive/thermostats.

[hilly10]

I fixed my tariff back in May last year does not end till May 23 but I was paying £175 a month since last May. Gonna rise next

[tabascokid]

Try as I might, I can't find out what my new elec/gas tariff is going to be. I've played on SSE's website, but all I can see is their fixed price deals, which on my usage they are quoting me 4 times more than I currently pay. £206pm -> £827pm.

Clearly I am going to stay on the price capped rate, but I don't know what that's going to be. I'm guessing ~£300 a month which is where I was a year ago before installing new boiler/hive/thermostats.

My price capped options are only slightly lower than the totally unlimited variable option. It’s an absolute no win situation.


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[TKH]

I received a letter from Octo and this is a snapshot of where their / my charges will be going forward once April 2nd arrives based on variable tariff
can't see why you would be getting charged anymore than the CAP rate unless you are commercial as I understand commercial / business charges are Un-Capped ??