The energy crisis

[Kursk]

Originally Posted by SnoopZ

Bulb recommended I drop my DD from £130 to £99 last week and now they recommend I drop again to £93, so in my case my bills are only a little more than what I would have considered normal 2 years ago.

Thanks to Government subsidy....and you’ve (perhaps) got your winter fuel payment to come. Things are not as bleak as some might have us believe.

[Jaymoss]

Originally Posted by Kursk

Thanks to Government subsidy....and you’ve (perhaps) got your winter fuel payment to come. Things are not as bleak as some might have us believe.

I will be honest with you with the £400 fuel payment, the CoL payment of £324 and likely the Warm home discount I am better off for 6 months than I have been in 2 years. Although a lot of it is getting grabbed by higher grocery shopping

[SnoopZ]

Originally Posted by Jaymoss

I will be honest with you with the £400 fuel payment, the CoL payment of £324 and likely the Warm home discount I am better off for 6 months than I have been in 2 years. Although a lot of it is getting grabbed by higher grocery shopping

For me I put in 2k into my pension pot and it went down 2k so lost 4k in total, petrol costs alot more and so does food, luckily I have 2 weeks until my last very small mortgage payment so that likely offsets the food, petrol and elec/gas extra charges.

[Kursk]

Originally Posted by Jaymoss

I will be honest with you with the £400 fuel payment, the CoL payment of £324 and likely the Warm home discount I am better off for 6 months than I have been in 2 years. Although a lot of it is getting grabbed by higher grocery shopping

We’re not going to avoid all of the pain all of the time, but in a financial pandemic Kwasinomics may be the shot in the arm that stops a viral decline . The pound has stabilised for starters.

[mrmistoffelees]

Originally Posted by Kursk

We’re not going to avoid all of the pain all of the time, but in a financial pandemic Kwasinomics may be the shot in the arm that stops a viral decline . The pound has stabilised for starters.

The pound has stabilised due to the BoEs intervention, nothing else

She’ll Energy credited £66 to my account today (but they still want me to increase my Direct Debit to £307 per month…).

Originally Posted by mrmistoffelees

The pound has stabilised due to the BoEs intervention, nothing else

Stabilised 20% lower than it was a year ago…

[Jaymoss]

Originally Posted by Hugh

She’ll Energy credited £66 to my account today (but they still want me to increase my Direct Debit to £307 per month…).

So they are doing it like Bulb then. Both it appears are going against what it is meant to do. I assume a man of your calibre has done the maths and pretty much knows how much you need to pay anyway? Octopus at least leaves it in the customers hands as long as they do it right

[SnoopZ]

Originally Posted by Jaymoss

So they are doing it like Bulb then. Both it appears are going against what it is meant to do. I assume a man of your calibre has done the maths and pretty much knows how much you need to pay anyway? Octopus at least leaves it in the customers hands as long as they do it right

Are Bulb not doing it correctly, it's going into my Bulb account as expected and my DD is going down rather than up?

https://www.moneysavingexpert.com/ne...ng-support-pa/

Originally Posted by Jaymoss

So they are doing it like Bulb then. Both it appears are going against what it is meant to do. I assume a man of your calibre has done the maths and pretty much knows how much you need to pay anyway? Octopus at least leaves it in the customers hands as long as they do it right

We are (with the £66) around £316 in credit, with another £235 being DD’ed two days before the Bill Date - ShellEnergy estimate we will be using £343 (on average), so we shouldn’t need to top up our account for a couple of months, and hopefully reduced energy usage may stretch that further.

[Kursk]

Originally Posted by mrmistoffelees

The pound has stabilised due to the BoEs intervention, nothing else

The BoE is independent and the Chancellor can't tell them what to do; he might have influenced them though. Besides, supporting sterling is what they do.

Originally Posted by Hugh

She’ll Energy credited £66 to my account today (but they still want me to increase my Direct Debit to £307 per month…).

The Government subsidy has saved you from an even higher DD then . Is their assessment of your usage realistic? You must have a spreadsheet calculating your per kWh and standing charges every month.

Originally Posted by Hugh

Stabilised 20% lower than it was a year ago…

Would we be worse off if we had the euro; or their inflation?

Originally Posted by Kursk

The BoE is independent and the Chancellor can't tell them what to do; he might have influenced them though. Besides, supporting sterling is what they do.



The Government subsidy has saved you from an even higher DD then . [b]Is their assessment of your usage realistic? You must have a spreadsheet calculating your per kWh and standing charges every month.[/]



Would we be worse off if we had the euro; or their inflation?

The Chancellor’s actions definitely did influence what they did…

ShellEnergy provide monthly and year on year usage stats/charts (bar and point charts).

[Kursk]

Originally Posted by Hugh

The Chancellor’s actions definitely did influence what they did…

ShellEnergy provide monthly and year on year usage stats/charts (bar and point charts).

So, we're agreed the Chancellor knew the possible consequences of his announcement and knew he could rely on the BoE to do their job

You have no means to cross-check Shell's data and therefore challenge their dips into your bank account and you're unimpressed with the Chancellor's fiscal ability? People in glass houses

Difference being I don’t have the ability/stupidity to make the Nation’s Pension Schemes illiquid, requiring the BoE to intervene at a cost of £5 billion per day

So, we’re agreed that the Chancellor knew he could cause the Pension Schemes to go illiquid, and raise the cost of borrowing for the money to pay for the extra he was giving bankers and those earning over £155k?

Doesn’t sound very clever…

Addendum: I don’t trust Energy/Telecoms companies billing systems, having spent a reasonable proportion of my working life implementing/fixing them - in fact, my one of my last jobs before retiring was as the Head of Programmes on Billing Remediation in one of the Big Six Energy companies (my teams had to fix whatever cock-ups the new releases caused, and there were new releases monthly).

So, to set your mind at rest, I take readings from our Smart Meters on the 25th of each month (billing day), the next day I download the PDF bills and store those, and every quarter I review what I have stored against what the Utility Companies say (because, from previous experience, I have seen historical bills amended on systems), and if there are issues, I will highlight those with the Supplier (I haven’t found any with ShellEnergy).

[Itshim]

Seems I will be getting paid to use energy! Now the house is free of girls , my DD has been reassessed , down to £40 a month !