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65% rise in energy in October!

(82 Posts)
LizzieDrip Tue 12-Jul-22 23:45:05

I’ve just read the latest prediction from Martin Lewis. He reckons energy bills will rise by a further 65% in October. He was spot on with his April prediction so I expect he’s right with this one too. He knows his stuff!

He says: From Oct, typical energy bills will cost a third of the new state pension, and a bigger proportion of the old one. When will this all endsad.

LizzieDrip Wed 13-Jul-22 16:35:48

As I said the Government will have to do more, we can afford to buy whatever we need,

Agreed Katie59, as a country we are wealthy enough to ride the storm. However, we are dependent on our government to do the right thing by the people - all the people, not just the wealthy. Personally I have my doubts that any more help will be forthcoming this winter.

Katie59 Wed 13-Jul-22 13:42:24

Whitewavemark2

If deaths can be classed as an inconvenience then yes it will be very inconvenient.

As I said the Government will have to do more, we can afford to buy whatever we need, unlike Sri Lanka where the country is broke.

I submit scare stories are causing a lot of needless worry we will get through the winter.

Whitewavemark2 Wed 13-Jul-22 11:35:58

If deaths can be classed as an inconvenience then yes it will be very inconvenient.

Casdon Wed 13-Jul-22 11:19:41

Katie59

We are not as dependant on Russia for fuel compared to many other nations, everything will depend on the Ukraine situation. Ukraine is reported to be training an army 1M strong to be armed by NATO to retake their land, if that happens it’s going to get worse.

For us it’s an inconvenience many developing countries like Sri Lanka are struggling now, let’s hope for a quick deal.

That last paragraph is very unsympathetic to people who are genuinely frightened that they will be unable to keep themselves warm and fed this winter Katie59. I don’t think an ‘inconvenience’ adequately describes their concerns.

Katie59 Wed 13-Jul-22 11:12:30

We are not as dependant on Russia for fuel compared to many other nations, everything will depend on the Ukraine situation. Ukraine is reported to be training an army 1M strong to be armed by NATO to retake their land, if that happens it’s going to get worse.

For us it’s an inconvenience many developing countries like Sri Lanka are struggling now, let’s hope for a quick deal.

henetha Wed 13-Jul-22 10:59:27

I'm now dreading the winter, it's going to be a challenge to keep warm. But I can be fairly stoical when I have to, so will probably cope. I'm more worried about poor families with children who need to be kept warm and fed. How on earth will they manage?

Chewbacca Wed 13-Jul-22 10:22:02

If every appliance in the house was switched off, I’d still be charged over £30 per month

Thanks LizzieDrip; I'm really very worried of what my winter bills will be like; I pared my usage back to the bone last winter - heating on for 1 hour a day - and am absolutely dreading the coming months bills.

MawtheMerrier Wed 13-Jul-22 10:19:41

I know - I have solar panels, but the additional investment in a battery is beyond me and not thought to be cost effective if one is unlikely to stay in the house for years and years

LizzieDrip Wed 13-Jul-22 10:18:00

That’s to MawtheMerrior

LizzieDrip Wed 13-Jul-22 10:16:59

That’s the irony, if the government had invested in solar power with storage facilities, we could have ‘bottled it’!

MerylStreep Wed 13-Jul-22 10:15:05

Katie59
Russia has shut down Nord Stream 1 pipeline which supplies Europe for maintenance ?
Germany are very worried that it won’t be turned on again, as if the Russians would do that. ?

MawtheMerrier Wed 13-Jul-22 10:04:25

We’ll be looking back nostalgically at the current heatwave, and wishing we could have bottled it! ????

LizzieDrip Wed 13-Jul-22 10:00:35

Chewbacca the energy companies say the standing charge is related to the energy infrastructure in different areasconfused Also, we’re paying to bail out the many energy companies that went bust due to government encouragement of competition and Ofgem’s lack of regulation and due diligence. This increased the standing charge in April. I’m hoping the standing charge won’t go up again in Oct - don’t see why it should??? If it does, I’ll be contacting Ofgem for an explanation. As you say, I’ve ‘spent’ over £1 every day without using anything. If every appliance in the house was switched off, I’d still be charged over £30 per monthangry Of course, energy company shareholders are still receiving their ample dividends. Nationalise!!!

HeavenLeigh Wed 13-Jul-22 09:32:42

Scary

Chewbacca Wed 13-Jul-22 09:24:01

Can anyone explain to me why the daily standing charge varies so much from area to area? My last month's energy usage was extremely low but the standing charges were more than twice the energy used. Even if I'd never switched a light on, or had a shower, the standing charges meant that my bill was very much higher.

Katie59 Wed 13-Jul-22 09:21:22

The government will have step in and do more than the have already announced, pensioners dying of hypothermia, or children with malnourishment cannot be allowed. Mortgage holidays will have to be taken, there is no point forcing repossession in a falling market.

It is going to be tough, in Europe it will be much worse because energy rationing is a real prospect, Germany in particular may have to shut down a lot of industry

Chewbacca Wed 13-Jul-22 09:19:09

But what will happen if people just cannot pay? Families with young children who are on low incomes, older people on fixed pensions; they can't be left without heating, so if they just don't have the money there to pay, will all of them have their supply disconnected? I would imagine that millions of people will soon be in fuel poverty.

Whitewavemark2 Wed 13-Jul-22 09:15:41

France has nationalised the energy supply. Consequently the price for home energy has risen by 4%

This isn’t some socialist far left government, it is politically centrist.

LizzieDrip Wed 13-Jul-22 09:08:53

Absolutely Riverwalk, people can hardly be accused of extravagance because they heat their homes, cook food and switch lights on. And if I hear any more ‘energy saving tips’ I’ll explode! I’m sure we’re already employing every energy saving tip known to man. Come the winter things are going to get very bad for many people, I’m afraid.

Riverwalk Wed 13-Jul-22 08:28:57

I heard that Meryl thought I'd misheard, seems an extraordinarily high number.

I agree Lizzie energy is a basic need - it's not like people have a choice not to have it, like say a very large mortgage or fancy car.

I dread to think how lower paid families will manage come the colder weather.

MerylStreep Wed 13-Jul-22 08:21:55

I heard last night that last month 2 million people defaulted on either mortgage or fuel bills.

LizzieDrip Wed 13-Jul-22 08:14:59

Being able to pay your energy bill shouldn’t be like a game of poker should it.

Oldnproud Wed 13-Jul-22 07:35:11

I'm kicking myself. Two weeks ago, I could have got a reasonable fixed deal, both for my mum and for myself, but I thought about it for too long sad

Katie59 Wed 13-Jul-22 07:09:39

We’ve just signed up a new deal and it is 45% up fixed for year, but no penalty to change, so if it is too much we’re not tied in.

SunshineSally Wed 13-Jul-22 00:45:06

Jeez we currently pay £154 pm dual fuel and that’s for 2 of us (OVO) and it’s only recently gone up! ?