23-05-2022, 23:23
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#676
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Trollsplatter
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Join Date: Jun 2003
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Posts: 36,947
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Re: Energy companies collapse
Letting themselves get boxed in on this was a schoolboy error. Nobody - including the bosses of the major oil producers we’re lucky to have within reach of the Treasury - would ever have seriously questioned the wisdom of a windfall tax. I suspect they will present the development of their broader plan, bringing in the wind farms etc, as the reason for not acting sooner.
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24-05-2022, 12:59
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#677
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Oh When The Saints!!
Join Date: Jun 2003
Location: Kernow
Posts: 3,926
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Re: Energy companies collapse
Energy price cap to rise to £2800 in October.
LINK
This should be restricted to the price of the actual fuel and NOT standing charges which customers cannot influence.
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24-05-2022, 13:07
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#678
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cf.mega poster
Join Date: Dec 2013
Posts: 14,234
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Re: Energy companies collapse
Quote:
Originally Posted by Julian
Energy price cap to rise to £2800 in October.
LINK
This should be restricted to the price of the actual fuel and NOT standing charges which customers cannot influence.
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Agreed. That would require a more competent regulator and government than we have at present.
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24-05-2022, 14:10
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#679
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laeva recumbens anguis
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Re: Energy companies collapse
Point of information (might be stating the "bleeding obvious", but not seen it mentioned before in the thread) - the Price Cap figure is for "average" usage; if you use more than average, your bill will exceed the Price Cap*.
https://www.thesun.co.uk/money/17830...rice-cap-rise/
* came to my attention when my energy supplier (Shell Energy) sent me a forecast last week for next year, as my Fixed Rate finishes early July - my annual bill will rise from around £1,400 to £2,500**
** probably around £3,500, with the latest September rise.
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Last edited by Hugh; 25-05-2022 at 17:18.
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25-05-2022, 14:31
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#680
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Dr Pepper Addict
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Join Date: Oct 2003
Location: Nottingham
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Re: Energy companies collapse
Quote:
Originally Posted by Hugh
Point of information (might be staying the "bleeding obvious", but not seen it mentioned before in the thread) - the Price Cap figure is for "average" usage; if you use more than average, your bill will exceed the Price Cap*.
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Yep, mine is at least £2800 already.
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25-05-2022, 14:35
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#681
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Just a Geek
Join Date: Jul 2015
Posts: 3,603
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Re: Energy companies collapse
Estimated 42% rise this Oct then forecast no rise Jan then April possibly a small drop to factor in the current drop in wholesale (Info from Martin Lewis last night )
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25-05-2022, 17:49
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#683
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Just a Geek
Join Date: Jul 2015
Posts: 3,603
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Re: Energy companies collapse
Quote:
Originally Posted by 1andrew1
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I would not be surprised if it ends up being another UC uplift basically screwing anyone on legacy benefits like myself who will end up not getting it. They can not really suddenly manage to do it after saying the could not at the start of Covid
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25-05-2022, 20:41
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#684
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cf.mega poster
Join Date: Dec 2013
Posts: 14,234
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Re: Energy companies collapse
Quote:
Originally Posted by Jaymoss
I would not be surprised if it ends up being another UC uplift basically screwing anyone on legacy benefits like myself who will end up not getting it. They can not really suddenly manage to do it after saying the could not at the start of Covid
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I hope the news tomorrow is as positive as possible for you.
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25-05-2022, 23:29
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#685
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Dr Pepper Addict
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Re: Energy companies collapse
Quote:
Originally Posted by Jaymoss
I would not be surprised if it ends up being another UC uplift basically screwing anyone on legacy benefits like myself who will end up not getting it.
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or anyone not on benefits ...
Just becasue someone doesnt get "benefits" doesnt mean they are somehow rich.
Aside from which someone in a household can be on benefits, but unless the energy bills are in their name, it doesnt count.
The Council tax rebate seemed an easy way to go about it, or remove VAT on Energy (or a rebate on your bill).
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25-05-2022, 23:49
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#686
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Just a Geek
Join Date: Jul 2015
Posts: 3,603
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Re: Energy companies collapse
Quote:
Originally Posted by Paul
or anyone not on benefits ...
Just becasue someone doesnt get "benefits" doesnt mean they are somehow rich.
Aside from which someone in a household can be on benefits, but unless the energy bills are in their name, it doesnt count.
The Council tax rebate seemed an easy way to go about it, or remove VAT on Energy (or a rebate on your bill).
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Yeah but a lot of the poorest in the country claim UC as it now covers benefits such as Child Benefit and Tax Credits so even those on over 20K can get it
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25-05-2022, 23:53
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#687
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Sulking in the Corner
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Re: Energy companies collapse
Very interesting article on oil/gas field development in the Falklands Basin.
https://www.tandfonline.com/doi/full...3.2022.2037235
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26-05-2022, 00:14
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#688
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cf.mega poster
Join Date: Dec 2013
Posts: 14,234
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Re: Energy companies collapse
From The Times
- £200 energy loan to be scrapped and replaced with a grant funded by a windfall tax on energy companies
- Grant could be higher than £200, possibly as much as £400
- Above is part of a package of measures to help the most vulnerable households.
https://twitter.com/thetimes/status/1529558975238356998
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26-05-2022, 00:35
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#689
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Just a Geek
Join Date: Jul 2015
Posts: 3,603
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Re: Energy companies collapse
well that would work
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26-05-2022, 09:23
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#690
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cf.mega poster
Join Date: Feb 2012
Posts: 4,429
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Re: Energy companies collapse
Quote:
Originally Posted by 1andrew1
From The Times
- £200 energy loan to be scrapped and replaced with a grant funded by a windfall tax on energy companies
- Grant could be higher than £200, possibly as much as £400
- Above is part of a package of measures to help the most vulnerable households.
https://twitter.com/thetimes/status/1529558975238356998
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£400 will help a little but Prepayment customers saw an increase of £708 from £1,309 to £2,017 in April and will rise again to over £2,790 this October. That's a rise of nearly £1500 within a year. Also, with no prospect of this coming down anytime soon.
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