Next Energy Price Cap Predictions....

h_m_boro said:
Families are struggling anyway. No one will help with the increase in food and fuel, they have to suck it up and make sacrifices.
Wallop a £2500-3000 increase in costs on top of this and it will tip families over the edge. It's fine if you have substantial savings, or a shed load of disposable income. Many families haven't. And the grants, help you mention while welcome will a. Not help everyone (money will run out quickly) and b. Not even scratch the increase in costs.
I haven't even touched on working poverty where there will be millions of people not eligible for any grant, assistance etc but will be royally shafted and pushed into the red as their wages simply do not cover the bills.
And you genuinely think the government, new PM is going to ride in like a knight In shining armour and save the country from the gutter? Not happening, sorry.
Meanwhile record profits for the energy companies with bulging salaries to the CEs and record dividends to shareholders.
The ultimate neoliberal wet dream. In UHD Technicolour.
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You seem very convinced. Have you got a crystal ball?
 
S7DiscoDown said:
It's bad enough at home. Yet you really have to feel for buisness that use electricity.

I was chatting to a lady who works in a local laundrette. It's was a 24hr/365 laundrette. They had a yearly electricity bill of £9600 (ish) last year.

This year they are expecting it to be over treble that around 35k+. So now it's only open in the day and not 365 to save money. Some pretty stunning figures for a small laundrette.

God knows what these large factories and warehouses must go through in terms of equipment and heating etc.
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You would think they would stay open on a night when the electric is cheaper/ more profitable, even businesses can get off peak rates.

Businesses like this (or just about any business) will really benefit when battery storage comes more into play, as they can load up during the night and dish out during the day. Doing things like this would really benefit the grid too, could actually get away with a smaller grid capacity, and less reliant on the likes of Russia and Fossil fuels.

We probably have something like 120% demand during the day/ early evening, and like 30% at night, probably only averages out at 75%.

I read somewhere that they've nearly cracked using sand as a battery, apparently the idea is you heat up a big silo of it during the night when energy is cheaper, or heat it with renewables, and then use that heat for power or hot water generation when it's required. One of the most abundant, cheap and easily accessible materials on the planet too. Apparently can store the power with minimal loss for months, so could even stop it up during summer and then discharge out in winter.
 
Funky_Chicken said:
Of course it would make a difference - the government can absorb some of those price rises and set a price more affordable for everyone. As it stands we’re all at the mercy of corporate greed
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Can the government do anything about Standing Charges? Even if you didn’t use any energy you would still be billed a daily standing charge.
 
Priv said:
The farmer where we keep our horses has just whinged at my Mrs for turning the lights on so she could muck the stables out, the barn has no sky lights and while you can see where your going in the isles in the stables it’s pretty much black regardless of what time of the day it is. Going to be an interesting Conversation when I go there this afternoon and point out his legal responsibilities and what will / could happen to him if someone has an accident because he’s trying to save a few pennies.
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Erm, I'm sure you're paying him, he can't expect you to walk around in the dark when you're there, and probably has a legal obligation to provide a relatively safe environment, even if you don't have a contract or whatever.

Even 10 x 100w halogen/ incandescent lights, on for an hour is only 1kWh, which is about 30p, it probably cost him 100 x times that for his time to come over and whinge.

Tell him to fit some LED batton lights if he's that bothered, they cost next to now to run or install.
 
Fat_Dragon said:
You seem very convinced. Have you got a crystal ball?
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So you think the likes of Martin Lewis are having a bit of a daft laff 'n that, and into the winter there is actually going to be a massive economic upturn and everything is going to all be okay in time for Xmas?
You may be okay, good luck to you if you are, but there are millions who aren't and won't be.
 
We can't do much about reducing standing charges either, they cover the cost of new installations and maintaining the grid etc, and the cost of all of that has gone up due to inflation and lack of workers/ easy access of labour in those sectors.

If it was nationalised and we reduced standing charges, then that money would need to come from somewhere, so would likely come as additional tax (which is fine, if it's off the rich/ massive companies), or cuts to other public services like NHS, Schools, Highways, Councils or whatever. Obviously we all know who would take that hit in the current government, it would be the least well off, so they still end up paying either way. All of this is why we need those ***** out ASAP.

We can windfall tax the UK companies providing energy, but that would make them less competitive against those who aren't, and they also rely heavily on foreign imports which we have no price control over. I think we should still do this mind, and redistribute that to those who need it most, rather than using it to cut bills, but the Tory's won't do that. If you cut the bills across the board it's a tax cut to the big rich companies and people too.
 
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h_m_boro said:
So you think the likes of Martin Lewis are having a bit of a daft laff 'n that, and into the winter there is actually going to be a massive economic upturn and everything is going to all be okay in time for Xmas?
You may be okay, good luck to you if you are, but there are millions who aren't and won't be.
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Does Martin Lewis know what additional support is going to be given to people on top of what has already been announced? If he does he is keeping it to himself.

And no, I’m in the same boat as millions of folk around the country.
 
Fat_Dragon said:
Does Martin Lewis know what additional support is going to be given to people on top of what has already been announced? If he does he is keeping it to himself.

And no, I’m in the same boat as millions of folk around the country.
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I'm pretty confident the government will not be stumping up £50bn+ to help families through this - that is simply not the Conservative way..
 
Andy_W said:
We can't do much about reducing standing charges either, they cover the cost of new installations and maintaining the grid etc, and the cost of all of that has gone up due to inflation and lack of workers/ easy access of labour in those sectors.

If it was nationalised and we reduced standing charges, then that money would need to come from somewhere, so would likely come as additional tax (which is fine, if it's off the rich/ massive companies), or cuts to other public services like NHS, Schools, Highways, Councils or whatever. Obviously we all know who would take that hit in the current government, it would be the least well off, so they still end up paying either way. All of this is why we need those ***** out ASAP.

We can windfall tax the UK companies providing energy, but that would make them less competitive against those who aren't, and they also rely heavily on foreign imports which we have no price control over. I think we should still do this mind, and redistribute that to those who need it most, rather than using it to cut bills, but the Tory's won't do that. If you cut the bills across the board it's a tax cut to the big rich companies and people too.
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Standing charges are also covering the cost of suppliers failing

Fat_Dragon said:
Does Martin Lewis know what additional support is going to be given to people on top of what has already been announced? If he does he is keeping it to himself.

And no, I’m in the same boat as millions of folk around the country.
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Of course he doesn't but he has seen the poor support offered so far despite his constant campaigning on this and other issues so I don't think he need one tbh

My mate earns double what I do but lives in a council tax D house so gets additional support on what we do, and he's on a 3 year fix until late 2023 it is ridiculous.

People in tax E pay few hundred more a year in tax, yet get zero extra support beyond what everyone gets. Bizarre scheme, future schemes will be similarly piecemeal and presume those on benefits will get more support as they should and everyone else has to largely absorb it beyond a token gesture
 
ThePrisoner said:
It would eliminate the leeching of profits to do-nothing shareholders. Don't nationalise - nationalise with no compensation. The leeches have bled the public white for decades. If anything, they should be made to pay back.
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No it really won't make a difference as you would still have to buy the gas.
 
Andy_W said:
I read somewhere that they've nearly cracked using sand as a battery, apparently the idea is you heat up a big silo of it during the night when energy is cheaper, or heat it with renewables, and then use that heat for power or hot water generation when it's required. One of the most abundant, cheap and easily accessible materials on the planet too. Apparently can store the power with minimal loss for months, so could even stop it up during summer and then discharge out in winter.
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Have a watch of this. It seems to be relatively simple technology and cheap to maintain once it’s installed. You can imagine new schools, hospitals and even housing projects having it under the foundations to supply cheap heat and electricity at peak times.

 
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