[iooi]

Public Service Announcement.

Just a reminder that due to Price Cap increase 1st April.​

Please make sure you give your supplier a manual reading of units used. This way it stops them underestimating your usage & charging you extra for units used prior to increase date. As such increasing their profits.

 

[Crickleymal]

Do you mean underestimating or over estimating?

 

[Jms153]

Over estimate usage if you can paying in advance for future use at cheaper rate
If you have a smart meter you can’t as they seemingly send readings every hour or thereabouts

 

[Crickleymal]

Our smart meter doesn't send any readings at all. Absolutely useless. They persuaded us to have one then they still get us to provide manual readings because they can't link to it.

 

[iooi]

Do you mean underestimating or over estimating?

Under.
You say use 100 units. They say you have used 90 & charge for that on the old rate. So they get a extra 10 units @ the new higher price.

 

[Jms153]

Our fixed tariff ends on 30th March, s*** timing and didn’t re fix in January when prices were ok
£125 a month just now, quoted today £475 a month on last yrs usage
Will take reading at end of month and go onto svr which is capped
Even if we shut off gas and leckie completely at meters they will still charge us a small fortune for the privilege of having a pipe or cable to our house and a meter as the daily standing charge has gone about 5 fold

 

[kenp1]

My new fix started on 1st March, so already done this.

 

[dave1978]

Our fixed tariff ends on 30th March, s*** timing and didn’t re fix in January when prices were ok
£125 a month just now, quoted today £475 a month on last yrs usage
Will take reading at end of month and go onto svr which is capped
Even if we shut off gas and leckie completely at meters they will still charge us a small fortune for the privilege of having a pipe or cable to our house and a meter as the daily standing charge has gone about 5 fold

WOW! That is one heck of a price hike - 125 up to 475...!!

 

[maxaret]

Yes no matter how frugal we are with consumption - the newly inflated standing charges are going to hurt

 

[iooi]

So just got my last month bill.
E= £53.01. SC £6.19 (27 days) Usage £43.59
G= £62.26 SC £6.72 (27 Days) Usage £52.58


Your new prices from
1 April 2022

Electricity
Standing charge (per day) OLD 26.824p NEW 48.527p
Unit rate (per kWh) OLD 20.076p NEW 27.358p

Gas
Standing charge (per day) OLD 26.123p NEW 27.219p
Unit rate (per kWh) OLD 3.983p NEW 7.280p

Which they guess at a extra £632.06 a year... Which given last year was £1166.74 in total is shocking.

Can't cut our usage any lower. Mrs gives me grief now as cold affects her. Only hope is a long hot summer.

 

[kenp1]

Luckily I've managed to fix for 12 months at the April rate.

I'm just glad that this winter has been quite mild.

 

[KevinBattle]

we have used 0.78p of electricity today...
No gas main in the village...
That'll pay off the solar panels in less than 10 years

 

[Bill2022]

I know energy prices are flying through the roof but I personally think the increase in the daily standing charge is certainly a rip-off. You can't avoid this by using less/no energy.

Gas up from 30.78p to 32.03p. 3.5p a unit increase.

Elec up from 28.69p to 49.10p 8p a unit increase.

So they are guaranteed a bigger income from the fixed charges even if everyone drastically reduce their useage.

And I doubt very much we'd see any decrease if the price of electricity/gas plummeted.

 

[rcwood08]

I'm really glad now that I opted for a 3 year fixed tariff a couple of months ago because our kwh charge went from 17p to 26p but that seems cheap now SC is 24p?

 

[iooi]

What makes the standing charge more of a rip off, is not everyone at the same supplier pays the same price for Electricity. Yet Gas is the same price 27.22 ?

https://octoenergy-production-media.s3.amazonaws.com/documents/Ofgem_price_cap_rates.pdf

UK Power Networks (East of England) 37.92 = Cheapest
Western Power Distribution (South West England) 51.62 = Dearest

SSE (Scottish Hydro Electric) ( North Scotland) 50.05

 

[rcwood08]

What is the reason for the standing charge per day being so high?

 

[kenp1]

I know energy prices are flying through the roof but I personally think the increase in the daily standing charge is certainly a rip-off. You can't avoid this by using less/no energy.

Gas up from 30.78p to 32.03p. 3.5p a unit increase.

Elec up from 28.69p to 49.10p 8p a unit increase.

So they are guaranteed a bigger income from the fixed charges even if everyone drastically reduce their useage.

And I doubt very much we'd see any decrease if the price of electricity/gas plummeted.

Your standing charge rate for gas seems a bit out, they should be (excluding VAT)

Gas 27.22p

A lot of the increase in standing charge is to cover all the companies that went bust.

 

[John of Wessex]

See, read and then write to your MP

Oil, gas and energy producer profits are going to increase 40 fold as a result of energy price increases

I have just posted this thread to Twitter: Making sense of energy price rises is important. They’re going to be the cause of a lot of poverty in the UK. So, I’ve been doing some analysis. What follows is a bit simplified, but not too much. What it reveals is that...

www.taxresearch.org.uk

 

[iooi]

Our MP is useless. Hed will be all in favour of these increases. As he is big on green issues. Despite just flying to New York for a recent conference on global warming 🤣

 

[ArthurCollins2]

I found I'd missed a couple of emails from our supplier, with similar bad news. We currently pay £125, although they claim it should have been £134. From April 1st, we have three options, 1) fixed for 12mths @ £345 p/mth, 2) variable at £175 p/mth, or 3) loyalty fixed for 12mths @ £330.
Time for research me thinks. And a meter reading.