UK Energy Prices

I believe there will be a one-off credit on the bill, then once a year, a £40 debit will be added to the bill.

[Jaymoss]

Originally Posted by Hugh

I believe there will be a one-off credit on the bill, then once a year, a £40 debit will be added to the bill.

£200 will deducted from EVERY bill in October then the following April £40 will be added to EVERY yearly bill for 5 years and you have no choice

And this means if in the next 5 years anyone who takes residence in a property and pays a bill for the first time will also be charged the extra £40 a year even if they did not receive the £200 deductions. Terribly unfair and a terrible idea

[ianch99]

Originally Posted by Sephiroth

Since then, that privatisation has been a blot on the country's copy book.

I think Seph is one of few Conservative supporters who really gets it. Imposing free market dogma on inappropriate sectors like energy, water, etc. could, and did, only lead to disaster. In the last year, the Big 6 energy companies made over 3 billion in profits and since 2010, the energy firms have paid £200bn to shareholders.

By having a degree of state control and/or ownership, you can do what France has done and limit the energy bill rises to 4%. Of course, the people who pick up the bill here, in this country, are the poor smucks who have no choices, and what is even more depressing, these same smucks will vote for more of the same come the next election.

[nomadking]

Originally Posted by Jaymoss

£200 will deducted from EVERY bill in October then the following April £40 will be added to EVERY yearly bill for 5 years and you have no choice

And this means if in the next 5 years anyone who takes residence in a property and pays a bill for the first time will also be charged the extra £40 a year even if they did not receive the £200 deductions. Terribly unfair and a terrible idea

Then again if they've moved from somewhere else, they won't have to pay back the £200 they got there.
No simple solutions to any of it.
As Martin Lewis point out.

"The best way to think of it is as a form of energy bill levy. We already have levies on energy bills, we all pay a part of our bill which goes towards green infrastructure, whether you have green energy or not. A part of our bill goes towards funding the cost of moving customers whose firm has gone bust to a supplier of last resort. That is a levy added to our bill.

[Jaymoss]

Originally Posted by nomadking

Then again if they've moved from somewhere else, they won't have to pay back the £200 they got there.
No simple solutions to any of it.
As Martin Lewis point out.

They would have to move somewhere and not have to pay a bill to get out of paying the £200 back because EVERY bill for 5 years will get the £40 levy.

IMO Already having levies on bill is irrelevant, this is a forced loan with a forced repayment plan that as said is unfair. Calling it a levy is just clouding the issue and trying to fool people into thinking we are not having our rights crapped all over

The £200 gives relief today but adds extra strain later. What happens in October if the cap increases dramatically again? or April next year? image for the next few years if they keep giving us £200 and then levying £40 eventually we will be paying back the loan with levies and our bill will still be sky high

[nomadking]

Originally Posted by ianch99

I think Seph is one of few Conservative supporters who really gets it. Imposing free market dogma on inappropriate sectors like energy, water, etc. could, and did, only lead to disaster. In the last year, the Big 6 energy companies made over 3 billion in profits and since 2010, the energy firms have paid £200bn to shareholders.

By having a degree of state control and/or ownership, you can do what France has done and limit the energy bill rises to 4%. Of course, the people who pick up the bill here, in this country, are the poor smucks who have no choices, and what is even more depressing, these same smucks will vote for more of the same come the next election.

France is a heavy user of Nuclear power and that limits the impact of higher gas costs. The UK uses gas for more than a third of it's electricity production. Ownership doesn't come into it.

[joglynne]

My only silver lining is that the £200 credit this year will free up some money which can go towards other winter bills and then when I have to pay it back inflation will have whittled down it's relative buying power.

I know this isn't a true win win view but if I don't find a positive spin on what I can't change then I will probably just sit down and cry.

[Jaymoss]

Originally Posted by nomadking

France is a heavy user of Nuclear power and that limits the impact of higher gas costs. The UK uses gas for more than a third of it's electricity production. Ownership doesn't come into it.

As should we be if they bothered to build the stations they promised

---------- Post added at 12:23 ---------- Previous post was at 12:21 ----------

Originally Posted by joglynne

My only silver lining is that the £200 credit this year will free up some money which can go towards other winter bills and then when I have to pay it back inflation will have whittled down it's relative buying power.

I know this isn't a true win win view but if I don't find a positive spin on what I can't change then I will probably just sit down and cry.

My anxiety has me thinking the increases will proceed for the next few bills. I can soak up this one and maybe the next but if it continues into 2023 I will be living on bread and water or having no heating no lights and a lot less entertainment.

[nomadking]

Originally Posted by Jaymoss

They would have to move somewhere and not have to pay a bill to get out of paying the £200 back because EVERY bill for 5 years will get the £40 levy.

IMO Already having levies on bill is irrelevant, this is a forced loan with a forced repayment plan that as said is unfair. Calling it a levy is just clouding the issue and trying to fool people into thinking we are not having our rights crapped all over

That's my point. They will have received the £200 previously, so it's not unreasonable for them to get the £40/year deduction at the new property.
What other way was there of doing it? Too many different scenarios to deal with simply.

You have to tie the "debt" to an individual or a property.

[Carth]

I'm thinking of selling up and moving to a quaint cottage in the countryside that has open fires and an old style aga stove . . . with a nearby forest definitely a requisite

[Jaymoss]

Originally Posted by nomadking

That's my point. They will have received the £200 previously, so it's not unreasonable for them to get the £40/year deduction at the new property.
What other way was there of doing it? Too many different scenarios to deal with simply.

You have to tie the "debt" to an individual or a property.

Not everyone. There will be a number over the 5 years that have not been responsible for a bill before. Someone leaving home and moving into billed accommodation and someone splitting from their partner are 2 examples where someone was not paying a bill so did not receive the £200 but will when they start paying a bill have to pay the £40

The simple way to deal with it is if you did not receive the £200 you do not pay back the £40. Seems incredibly simple to me

[nomadking]

Originally Posted by Jaymoss

Not everyone. There will be a number over the 5 years that have not been responsible for a bill before. Someone leaving home and moving into billed accommodation and someone splitting from their partner are 2 examples where someone was not paying a bill so did not receive the £200 but will when they start paying a bill have to pay the £40

So how would you make the "debt" follow the household that received the £200?
Too many scenarios to cater for.

[Jaymoss]

Originally Posted by nomadking

So how would you make the "debt" follow the household that received the £200?
Too many scenarios to cater for.

I would not have the debt full stop. I most certainly would not have it set up unfairly so someone else pays it that never received it like you seem happy with

Just fess up from your previous posts you appear to have not even realised there would be some paying off a debt they never got the payment for

[nomadking]

The £150 per household is already being "written off".

I've previously highlighted a scenario where households will get the £150 discount, but not the £200, although they will end up paying more for their electricity.

Quite a few of us won't be getting the £150...

(around 20%)