Prices of the electricity we use to charge

[guerney]

"enough for 300'000 homes" more like critical industry or hopefully hospitals

I know some hospitals relied on diesel generators during power outages circa 2000, I had to send out refuelling tanks when they ran dry...

Making an effort to cut usage and not seeing direct debits reduce, may well be driving many to despair. I don't pay estimates. (Ebico, and no smart meters)

Regulator Ofgem has been asked to look at making billing "more responsive".

Energy firms warned over hiking direct debits

The government says companies must ensure bills reflect lower energy use for customers who are cutting back.

www.bbc.co.uk

 

[AndyBike]

I've no idea what t costs, and TL;DR so if anyone has any figures in there Im not going through 14 pages to find them.
Im posting because I was reading a news story about the Citroen Ami. A hideous yet strangely alluring tiny Ecar with a top speed of 28mph and a range of 46 miles - Though there they seem to have over calculated by a factor of 50%, so maybe get 25-30 miles tops.
Its a 5.5kw battery, which costs approximately £1.33 to recharge fully.(£0.64p at 80%)

If a 5.5kwh is costing £1.33, then I would think for example my 625wh must be costing around about £0.13-£0.15p.*

*If anyone more clued up about electricity charging and can point out im missing something in the actual calculation please pipe up.

 

[guerney]

hideous yet strangely alluring

You've met my wife!

Its a 5.5kw battery, which costs approximately £1.33 to recharge fully.(£0.64p at 80%)

Is VAT included? Also charging isn't 100% efficient, so it'll cost a little more.

 

[Woosh]

Its a 5.5kw battery, which costs approximately £1.33 to recharge fully.(£0.64p at 80%)

keep the same units and replace 80% with 0.8 to avoid confusion.
64p/kwh * 5.5kwh / 0.8 = 440p
Replace 625wh with 0.625kwh for the same reason (units).
64p/kwh * 0.625kwh / 0.8 = 50p

 

[PC2017]

billing "more responsive".

prepay(non-smart) so I don't get a bill, any more responsive for prepay and the shop assistant would come to me!

 

[guerney]

prepay(non-smart) so I don't get a bill, any more responsive for prepay and the shop assistant would come to me!

It's outrageous that they overestimate, then call that debt, to pay off using a prepay meter. I don't know if Ebico would be cheaper for you - lowering the cost of prepay meters is one of their stated objectives.

Prepayment Meters | Ebico Living

living.ebico.org.uk

 

[PC2017]

lowering the cost of prepay meters is one of their stated objectives.

Tbf I read somewhere that "pay on bill" or "pay monthly[non- DD]" was now slightly more expensive than prepay. I doubt any company would be able to save me much if anything in the current market & personally I feel that some folks are deluded if they think prices will fall, ever.

The capitalists have found a money hack that even if the public can't pay the tax payer can, ironically by borrowing from the very capitalists who found the money hack. Wholesale price have been dropping slightly but Ofgem have forecast a £4000+ cap for Jan 2023 if there was no Gov intervention. There are mitigating factors like storage and how much stored is already paid for but prices dropping any time soon is a dream for those in need & a nightmare for those creaming the system.

 

[guerney]

My DD varies depending on what I've actually used, and I only pay for for what I've used, not estimates - the one month I forgot to supply readings, they estimated crazy high. The month after I supplied meter readings, comparatively very little was pulled out of my bank acount.

 

[guerney]

Energy bills: 'We cut back but are paying three times as much'

Energy bills: 'We cut back but are paying three times as much'

Many households are seeing their energy bills going up despite the power they use going down.

www.bbc.co.uk

 

[guerney]

The capitalists have found a money hack that even if the public can't pay the tax payer can, ironically by borrowing from the very capitalists who found the money hack. Wholesale price have been dropping slightly but Ofgem have forecast a £4000+ cap for Jan 2023 if there was no Gov intervention. There are mitigating factors like storage and how much stored is already paid for but prices dropping any time soon is a dream for those in need & a nightmare for those creaming the system.

Clearly, it's only fair they're on benefits too.

They'll factor in windfall taxes and increase prices - the only solution is to nationalise, for a time at the very least.

 

[flecc]

They'll factor in windfal taxes and increase prices - the only solution is to nationalise, for a time at the very least.

Trouble is the cost. The government were forced into a temporary nationalisation of Bulb Energy since they were too big for anyone to bid for it, but in the one year from November 2021 it's cost the taxpayer £6 billion.

Octopus have now agreed to take Bulb over but a legal move by the other companies suspecting an underhand deal has led to a delay while the high court examines the deal, which will leave Octopus as the third largest supplier in the market after EDF and British Gas.

There's a court hearing today so we might get an answer.
.

 

[guerney]

 

[PC2017]

Bulb Energy

I am with Bulb, was, still are, for now

I was correct those in "receipt of bill" will now pay a substantial premium...

Martin Lewis

 

[flecc]

I am with Bulb, was, still are, for now

I was correct those in "receipt of bill" will no pay a substantial premium...

Martin Lewis

Me too, and it's been an excellent company, so I'm not looking forward to the change to Octopus. Being on direct debit there's no increase at present, though we'll all suffer from the new £500 higher government guarantee after April.

The truly maddening thing though is that this only affects Britain once again, simply because of our government's mismanagement. All the other Bulb companies are ok, continuing to trade in the EU and America where they haven't had all these energy company collapses.
.

 

[PC2017]

£500 higher government guarantee

Wouldn't that be £900 higher due to the £400 rebate is not universal 2023, I heard there will be targeted support 2023, "targeted" most likely translates to jump through hoops or stigmatised. I fear a dystopian future for many soon than anyone had imagined, anyone in the benefits only or low income bracket that is living in a debt spiral, robbing Peter to pay Paul is going to find it hard to live with the basics for cooking come winter 2023, if they can source food as food banks are experiencing shortages.

The truly maddening thing though is that this only affects Britain once again, simply because of our government's mismanagement

Didn't France jump on this the moment they figured that rising costs would hurt the entire economy and stop the system from blowing up like the UK? I believe, anecdotally, Germany will not be too far behind us however I have not done any research into this.

 

[flecc]

Wouldn't that be £900 higher due to the £400 rebate is not universal 2023, I heard there will be targeted support 2023, "targeted" most likely translates to jump through hoops or stigmatised. I fear a dystopian future for many soon than anyone had imagined, anyone in the benefits only or low income bracket that is living in a debt spiral, robbing Peter to pay Paul is going to find it hard to live with the basics for cooking come winter 2023, if they can source food as food banks are experiencing shortages.


Didn't France jump on this the moment they figured that rising costs would hurt the entire economy and stop the system from blowing up like the UK? I believe, anecdotally, Germany will not be too far behind us however I have not done any research into this.

One bit of good news though, the judge in the 29th hearing has ignored the pending judicial review and given the go ahead for Octopus to take over Bulb.

So at least that is settled and British Gas appalling service is no longer a risk to us.
.

 

[guerney]

I am with Bulb, was, still are, for now


I was correct those in "receipt of bill" will now pay a substantial premium...


Martin Lewis

Many people have scant savings - Martin Lewis's bank account isn't going to go into the red because some energy company has doubled his montly direct debits, leading him to pay higher unit costs plus "debt" via a token meter. I pay for exactly what I use every month by direct debit, so in effect I'm billed every month. Whenever I reduce my usage to lower costs, those efforts are reflected in the amount I'm billed - there are no shocking direct debit hikes. The way energy suppliers estimate are varying flavours of secret sauce, none look appetising.

 

[flecc]

Wouldn't that be £900 higher due to the £400 rebate is not universal 2023, I heard there will be targeted support 2023,

It's actually even worse for me and many others:

1) Ceiling raised by £500 to £3000.

2) No £400 rebate guaranteed.

3) Previous doubling of over 80s OAP Winter Fuel Allowance to £600 no more, back to £300.

So £1200 worse off if no more help announced.
.

 

[PC2017]

has ignored the pending judicial

Saves me reading it - nice one

I pay for exactly what I use every month by direct debit

I wholesomely agree with your stance, I would make sure of this, if I was on DD although I would add I have never had a bill like energy as a DD personally I only have 2x DD, so I need some help to understand how hard it is to send meter readings or complain if my readings aren't good enough for the "company", is it really that hard to contact CS and have a moan?

even worse for me and many others:

I doubt I will see more than the WHD next year.

 

[guerney]

I wholesomely agree with your stance, I would make sure of this, if I was on DD although I would add I have never had a bill like energy as a DD personally I only have 2x DD, so I need some help to understand how hard it is to send meter readings or complain if my readings aren't good enough for the "company", is it really that hard to contact CS and have a moan?

Once a month I take photos of my meters for evidence (if ever required), and enter readings into the website - a few minutes later I'm sent an email with a bill attached, stating how much will be removed from my bank account at the end of the month (or the beginning, depending on what date I've chosen), for gas + electricity I've used. My experience of Ebico customer service, has always been very good thus far. In fact, they're the nicest supplier I've ever used - there was a time or three in 2008 when I asked them to wait four weeks for payment (after 4 weeks of them sending me reminders), it was no problem, but that was when I was paying by quarterly bill.