Huge rise on Energy bills

Whitewave - Of course this silly two hundred pounds is a total scam. Each household that pays bills will get this money this coming October, whether they want it or not. Not a loan, as there are no loan contract. It is an extra tax forced on us.

Then for five years every household paying bills will pay an extra £40.00, whether or not they were recipients of the original two hundred pounds. So, youngsters in the mid-teens now will be paying this money when they set up home.

It is a landlords dream - they will receive that two hundred pounds in 2022, and for the following five years will be able to charge each of their tenants an extra forty quid, even though they will only be paying this once each year.

But.....then what do you expect from a billionaire Tory chancellor? His job is to protect his own billions, and that of his mates.

Sunak’s scheme isn’t going to work is it?

“I share a house with 3 other lads and we pay rent with bills included.

Therefore our landlord will get the £200 bill reduction, but ALL of us will be charged the £40?!

So, the government lends £200 to the landlord, and the renters collectively pay back £800 over 5 years?! Scam.”

My daughter said this afternoon that she like me would rather not have the loan.

HA! No, but after we'd moved I was very glad not to be confronted with that man's hairy nipples every time I opened the curtains.

Writing that has reminded me of Friday Night Dinner

Coastpath

In my last house the old man who lived opposite me used to walk around in his hot as Hades house with his shirt off every single day of the year. He had big windows and was a very big, hairy fellow. I wish he'd worn a vest.

Is that why you moved Coastpath ?

Hetty58

Dickens - we had that - public utilities - until a certain Mrs Thatcher decided to privatise them!

Yep!

... she privatised our core utilities, Jaguar, British Telecom, the remainder of Cable & Wireless and British Aerospace, Britoil and British Gas.

Our fragmented energy system means we are now vulnerable, very, to global supply shocks... <<<sigh>>>

We could've created our own multinational 'EDF' - but state ownership was anathema to Thatcher...

Ginny Age UK have a scheme where kind people who do not need the £200 Winter Fuel Allowance, can send it to them and they guarantee that all monies recieved will be ring-fenced to be used to help older people suffering fuel poverty.

Whitewavemark2

Just like Sunak’s eat out scheme this latest “loan” scheme simply hasn’t been thought through.

It is all about the headlines and no thought to what happens “downstream”

I tend to agree with you on this point it seems a very convoluted scheme for the sake of a couple of hundred quid

Just like Sunak’s eat out scheme this latest “loan” scheme simply hasn’t been thought through.

It is all about the headlines and no thought to what happens “downstream”

I too am in the fortunate position of being able to cope with the increase, however, I think affording a warm home, hot water and at least one hot meal a day shouldn't be a luxury in 2022.

I have decided to increase my donations to a food bank because if more families can get help with food and household items it will hopefully leave them more to pay their heating bills.

A few years ago I tried to return the extra heating allowance and was told there is no mechanism for that. I presume this loan will be the same.

Also another thought. Some people have different suppliers for their different fuels.

How will that work?

Whitewavemark2

Is it legal to force a loan onto someone who doesn’t want it?

It's probably not legally a loan, more a subsidy that's later clawed back with higher charges.

Whatever language it's couched in it's a load of nonsense.

Martin Lewis

Just to clarify in practice the £200 bill-credit 'loan' on all home elec bills in Oct.

- every bill will reduce by £200
- every bill after Apr 23 increases by £40/yr for 5yrs regardless of if you got the £200 or not.

Its a 1yr bill reduction followed by a 5yr compulsory levy.

This IS NOT WORKING is it?

Plus very low income families pay no council tax. How will the £150 rebate work for them.

Sunak is not very economically literate it would appear.

Young people who leave home in the next 5 years will have to pay the £40pa charge on their (huge) gas & electric bills but they won’t have received the £200 one-off discount. It’s a shambles, as usual.

Is it legal to force a loan onto someone who doesn’t want it?

Many houses need better insulation - here you can get the house insulated for €1 - there are rules of course and I know no details because we insulated ours as we redid each room. We found ceiling insulation was far more effective than we imagined and of course great for sound proofing - something I wish I had realised when music was thumping through the house!
I cannot understand why we are not using wool more - it is a renewable resource and could be used for many things rather than materials which are difficult to recycle.
We wear layers as needed and both have good warm coats for outside. I buy coats a size larger than needed to allow for any extra layers!

Dickens - we had that - public utilities - until a certain Mrs Thatcher decided to privatise them!

GrannyGravy13

EDF is one of the big energy suppliers in U.K. the profits they will be making here will offset the losses they may make in France.

... EDF energy tariffs are subject to Ofgem's energy price cap - we've given them the go ahead with 54%...

We need a publicly-owned, not-for-profit energy company selling at cost price - or as close as possible. IMO, obviously.

EDF is one of the big energy suppliers in U.K. the profits they will be making here will offset the losses they may make in France.

Careful, his wife's on GN!

??

Arggggh Urmstongran, you've bought it all flooding back. Grim!!

Coastpath

In my last house the old man who lived opposite me used to walk around in his hot as Hades house with his shirt off every single day of the year. He had big windows and was a very big, hairy fellow. I wish he'd worn a vest.

Just like this guy Coastpath? ?

varian

The French government has reacted to the global rise in the costs of energy by puting a 5% cap on the rise of household energy bills.

If they can do that why can't we?

Our energy bills are due to rise by over 50%

... EDF will take the hit instead - it's a multinational but still largely owned by France.

Of course, its market value will drop, but as France's environment minister has promised to help the EDF withstand the blow, I suspect it will rise again ultimately.

Our chancellor prefers to keep a tight rein on public finances. We could have introduced a loan scheme for the industry to smooth out the increase over several years. Suppliers could borrow cheaply from the Treasury - but that would embed higher energy prices for many years to come.

These hikes will not just affect households - it will also affect business who will, presumably, pass on the extra costs to their customers.

Not good.

The French government has reacted to the global rise in the costs of energy by puting a 5% cap on the rise of household energy bills.

If they can do that why can't we?

Our energy bills are due to rise by over 50%

We routinely wear warm layers here, I hate the house feeling hot. I grew up in an overheated house and have never wanted to replicate it.