Gas price drops below £1 per therm

Bank Interest on savings rising 4% ?

If you can't afford cheese you aint
got savings

I always remember people claiming inflation in 1920s Germany
a loaf of bread cost 250 marks in January - and later in the year
200,000 million marks

When I first heard that I thought to myself that simply is nonsense

Tory governments, all the same.

What’s changed in the last decades in England
Through periods of high inflation and very low … nothing has changed

How many on this forum have found they couldn’t afford cheese on toast ?

Who are these people , where are they ,who are they ?

I'd hope none.

If gamblers can't afford cheese in their sandwich
the affordability checks will get them.

Can’t function without my cup of tea and can’t without betfair

73.25

68.57

65.51

Leccix down to 30p a unit
But standing charges rise again
What a load of codswallop

60.46

The standing charge rise

So we're seeing (and are about to see) a growing number of solar panels and pumps etc. This is just a way of them scalping isn't it? Keep the profits high even when they're not actually selling as much. Same as Sky pushing the higher costs towards the basic telly rather than the add ons.

Energy companies do not have to charge a standing charge.

Tesco don't charge an admission fee, neither do sainsburys.

They buy their energy, or produce their own, to sell on to us, the same
as any other traders.

It's just another cartel fixing the way they
guarantee their profit.

Standing charges AND unit costs make price
comparison more difficult, so hit consumers
who are unable to calculate exactly which is
the best deal for them over, say, a 2 year fixed contract.

Blatant Robbery   ,how much longer are people going to stand for this Shyte   ?

Apparently these decrease amount to 17%
RUBBISH
My leccie units are 80 a month
=1.60 saved
New s charges up 2p a day
=60p extra

Means im 1.20 better off a month

My savings come out at 20% on mse calculator.

https://www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/

..

56.1

60.95


Price was too low, cause bother in russia

54.02

69.05

60.30

Opec (in effect Saudi) have reduced supplies again to raise the price of oil. I hope that those countries who depend on Saudi oil remember this when they come crying for arms or food in the future. They are deliberately inflicting hardship on their customers by having a monopoly and should be thrown out of the UN along with Russia.

To be fair to the OPEC dictators….

It isn’t cheap to buy the Premier League, PSG, World golf, Grand Prix, FIFA World Cups.

Please give generously to Russian and Middle East dictators , keep burning fossil fuels. They need your help.

Trickledown..

As oil use declines they will have
to cut production to keep prices up.

Then the cartel will fail.



Windpower projected at 4p pkh can't be long


Tick tock.

Bought a car last week, garages all
saying they are cutting production and
shifting less cars, but prices going up.

Zero incentive to buy electric or hybrid.

Bought a petrol one!

New car sales are recovering quite quickly recently although still below pre pandemic levels.

The garages seemed to be doing decent trade
which is good to see.

Not good to see at all. It means more traffic jams, slower average speeds and lower productivity all round.

90.30

99.01

64.79

When is this being passed on to US ?

Electric Standing charge

64p   Gas 34 P , we are paying 30 quid a Month before we Turn a Knob or Switch on

scottish power are still Charging over 1.60  Per KW , foooking robbery

1.6p per kwh sounds cheap

10.6?

Was looking at it Wrong  Donny ,sorry

100.18

Up over 25%

It's going up again, we knew this

Are we due a price fix, so prices up, or
is there an actual reason behind the hikes.

It's not long term price so seems odd, unless
Europe has gas air con!

Australia

Electricity is averaging £0.30 per kWh,Gas is £0.10 per kWh but gas is generally  metered in therms.

There are roughly 29 kWh in a Therm of gas as a comparison.

Get ready for max pain next few months chaps

Energy been basing/consolidating a while - now break out

Long certain LNG stocks for hedge against yer bills

Stocked up on wood over the summer - they won't be getting my pound notes

Said it before and I'll say it again - this is not a normal cycle

If we get energy spiking hard again it will feed into more food inflation down the line

Add grain and rice supply issues + wage increases - all ramping up and we turn the inflation corner for a 2nd wave.. then what ? 

Moar interest rate hikes of course - small business fried, house price and CRE capitulation

And that's the good news

Energy supplier E.ON has announced profits of £4.9 billion
for the first half of the year.

Aye well done e.on.

Follow the monets.

yep follow the money

just not for big pharma eh

Apparently the spike in gas prices due to an immient Aussie strike which will
curtail supplies together with Norwegian tempoary shut downs

120.74

It'll go higher

Things are about to start breaking

Hopefully the prices are already locked in for winter.

We didn't get much quick benefit from falling prices, hopefully
we don't suffer in event they rise rapidly.

133.84

120



Energy cap set to rise by 5% from 1 Jan 2024

86.51

But prices going up on Jan 1

Nice manipulation.

Welcome to rip-off Britain, the UK people have gone too soft, no fight left in them.

as long as my share dividends  remain high

Never forget the UK’s Big 4 energy suppliers - price gouged  £9.5 billion of profits in 2021.
Up 84 per cent, pre-pandemic

Now Ofgem wants us all to pay a £16 household charge to help energy firms clawback £3bn in debts they can’t squeeze from the poorest

Don't use gas but I have noticed a fall in Fuel prices this week. If a company makes a loss due to non payers, how should that be dealt with? Higher prices and margins, cancel share dividends which would halve the share price in many peoples pension pot (and ultimately put the company out of business) or the taxpayer which means almost everybody whether they use gas or not.

Ofgem will increase energy bills by 5% to £1,928 in January even though prices have been less than before the war in Ukraine (when bills were £1200) for a whole year.

Fooking Robbery Mate , same Craic  with the Supermarkets Record Profits Paying Staff Minimum Wage

An increase in the cost of domestic energy in England, Wales and Scotland has taken effect, adding pressure to household budgets in the new year.

A higher price cap, set by regulator Ofgem, from now to April means gas and electricity costs will be 5% higher than the last three months.

A household using a typical amount of gas and electricity will see their annual bill go up by £94.

But forecasts suggest energy prices could come down sharply in the spring.








Another con, and reduction just in time for election after budget?

Why do they quote a figure showing how much it will cost over a year and then say but prices will be falling in April. Its almost as if they are trying to wind people up.

Well yeah, but people have come to understand annual
price, with all of its flaws, so makes a consistent
comparison.

There's no guarantee price falls in April but
there's a very strong likelyhood given the behaviour
of gas prices at the moment.

Easy enough to divide 95 by 12 to see what your
direct debit might be doing.

Ofgem seem happy for us to be overpaying to
cover losses of failed energy companies, so that
surely comes to an end at some point, but they
want to add £16 to cover bills of those that wont
pay, but are not on pre pay meters...

77.77

Despite attacks on tankers and longer journeys
they just havnt yet forced gas price up...

68.35

Domestic energy prices will fall by 16% in April, according to a prediction by consultancy Cornwall Insight, bringing some relief to billpayers.

It said the annual household bill when using a typical amount of gas and electricity was expected to drop from £1,928 to £1,620.



66.83

They have robbed us of Enough

Fascinating thread ----you-have-to-laugh---

British Gas profits leap from £72m to £751m in a year

No surprise there.




61.29

Feb 15, 2024 -- 9:19PM, ----you-have-to-laugh--- wrote:

British Gas profits leap from £72m to £751m in a yearNo surprise there.61.29

Repugnant

Prices until 31 March 2024

Prices from1 April 2024

(per day)        ||29.60p        ||31.57p    ||   

(per kWh)        ||7.34p        ||6.03p    ||

Nearly worked....gas ^^^^



Leccie...

	Prices until 31 March 2024	Prices from 1 April 2024
Standing charge(per day)	57.44p	71.20p
Unit rate(per kWh)	27.80p	23.35p

Ofgem had a call for input about standing charges that closed in January. Not sure how long we need to wait after that for something to come out.

It's over a quid a day to be connected...

Ridiculous charges.

Robbery

The UK's electricity network needs almost a further £60bn of upgrades to hit government decarbonisation targets by 2035, according to a new plan.

More Pathetic green Rubbish

Nowt to do with green rubbish as it produces cheaper
energy anyway.

It's to do with profits for shareholders and
keeping share price up for bonuses for fat cats
and  future jobs for regulators

Ofgen like all UK regulators are f**kin' useless.

First thing Labour need to do when they seize power is gut them.

Ofgen like all UK regulators are f**kin' useless.

First thing Labour need to do when they seize power is gut them.

Sneer already u-turned on 28B of green commitments,the only policy they had gone, be burning coal by end of decade at this rate, weaponized covid and stole an election but now winging they ain't got any policies and things look bleak, fkn tragic.

Office of Gas and Electricity Markets, or OFGEM

Was formed under a Labour government on 1 November 2000.

I'm sure a Labour government would give them more money to do even less than they do now.

Idiot crippen fails, to comprehend, or is fishing, lol,
that things change in 24 years, even though the halfwit has
claimed to have voted for every government since 1980.

£300 Quid a year will be added to your Bill Donnie by the Nut Greens , so your Bill is going to be £400 a Year Cheaper Give Ur head a wobble FFS

Donnie and the Lads think Sir knee and the Gang will be bring bills Down , Righty OH

Tory and Labour are two Cheeks of the same arse hole , with a few Extremists thrown in

The sad fact is the Tory Haters are anyone but Tories , But some are coming Round to the Fact that Sir Knee is No different 

You would think things cant get any worse  , We shall see

60 Billion on Pylons   We can only hope Labour put a block on that , You will see what Standing Charges are once this Nut Green mob get their way

Why make stuff up

Serious thread.

I thinks its around 6 % of Bills are Nut Green as is ,Lord knows what the figure will be Going Forward

I thinks its around 6 % of Bills are Nut Green as is ,Lord knows what the figure will be Going Forward

I am making fook all up

60 Billion needed to Update , Where do you think the Money is coming from

Why is this money being Spent we are or Were about half way to Net zero ,What possible difference to Climate change will it Make

Cleaner Cheaper Energy Righty OH ,

Cleaner Cheaper Robbery  is what it is

Mine water energy scheme at Gateshead

No Shortage of Mines in Certain Areas , a Brilliant Idea for Cheap and Clean Energy

They are even Using Heat from the London Underground , Clever Ideas

Them sort of Ideas will be a Lot Cheaper Donnie , I wonder if your Beloved Labour Party will Embrace such Ideas

Donnie and the Lads think Sir knee and the Gang will be bring bills Down , Righty OH



That's made up,... Why do it, can't construct a proper debate?

72.86

Domestic energy bills are predicted to fall by a further 7% in July, offering some relief to households struggling with their budgets.

The bill for a home using a typical amount of gas and electricity could drop from £1,690 a year to £1,574, according to consultancy Cornwall Insight.

That follows previous falls and would mean a typical annual bill could be £500 down on last summer.

The energy regulator, Ofgem, will announce the level of the quarterly price cap from July on 24 May.

74.43

Been around there a while, so for me, we've been over paying.

NEWS. Price cap down 7%: The good, The bad, The ugly! Feel free to share

- The Good. The energy price cap is to drop an average 7.2% for Direct Debit customers on 1 July. 6.9% for prepay customers, 7.1% for those who pay in receipt of bills. So roughly for each £100 you pay now, you'll pay £93 from July to Sept (the price cap changes every 3mths)

- The Bad. The standing charges will remain high, they are virtually unchanged. All the cut is via the Unit Rates. So higher users will see a proportionately bigger cut than lower users.  For Direct Debit from July...

Elec unit rate 22.36p/kwH (down 9% from 24.5p)
Elec standing charge 60.12p/day (from 60.1p)
Gas unit rate 5.48p/kwH (down 9% from 6.04p)
Gas standing charge 31.41p (from 31.43p)

Though I hear the standing rate consultation results will be published this 'summer' (whenever that is).

- The Ugly. Cornwall Insight has put out its new predictions and they don't make easy reading.  If they're right this is the last fall, and the coming rises are big.

On 1 July its confirmed it drops 7%, so for every £100 paid today you pay £93. Then on 1 Oct it's predicted to  rise 12%, so you'll go back up and be paying £104. Then on 1 Jan the crystal ball is saying it'll stay flat (at £104).

All this makes the cheapest fixes which are currently 9% cheaper than now (so £91 per £100 on the price cap) look a decent bet - you can do a full comparison via the MSE Cheap Energy Club.


Martin Lewis

82.00

Price cap comes down today,

Expected to rise in 3 months time

Enjoy sticking heating on full blast in July August September...

Case was 1st to declare on here without Russian energy we were f*cked 2+ years ago, now he's setting the world to rights again on energy.

This from a BJ Tory voter in 2019

"Tory and Labour are two Cheeks of the same arse hole"

1 in 5 Labour Candidates Privately educated Scott , Doesn't sound like the Labour Party I voted for back in the Day

Starmer will sort it all out Donnie , Cheap Energy on the Way you will be able to Charge your Car up for a 5 er for every thousands miles as well