25-08-2022, 11:37
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#361
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Oh When The Saints!!
Join Date: Jun 2003
Location: Kernow
Posts: 3,926
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Re: Rising cost of living
Quote:
Originally Posted by Jaymoss
is that standing charge rise for both fuels combined? it is currently 72p per day combined
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Pretty sure the standing charge varies across the country, it's not a fixed amount nationwide.
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Confusion Will Be My Epitaph.
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25-08-2022, 11:46
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#362
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: Rising cost of living
Quote:
Originally Posted by Julian
Pretty sure the standing charge varies across the country, it's not a fixed amount nationwide.
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Whilst some of that standing charge is for distribution (and costs vary for this regionally) the increased amount which everyone will now bear regardless of location is due to failed energy providers, not increased distribution costs.
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25-08-2022, 11:51
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#363
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cf.mega poster
Join Date: Jun 2003
Location: Kairdiff-by-the-sea
Age: 68
Services: TVXL BBXL Superhub 2ac (wired) 1Tb Tivo
Posts: 9,812
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Re: Rising cost of living
Speaking of distribution costs, Western Power Distribution is being acquired by National Grid from September.
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25-08-2022, 11:53
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#364
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Oh When The Saints!!
Join Date: Jun 2003
Location: Kernow
Posts: 3,926
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Re: Rising cost of living
Quote:
Originally Posted by 1andrew1
Whilst some of that standing charge is for distribution (and costs vary for this regionally) the increased amount which everyone will now bear regardless of location is due to failed energy providers, not increased distribution costs.
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Yes we have already paying an uplift for the administration of failed providers since April. This will continue and doubtless rise.
__________________
Confusion Will Be My Epitaph.
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25-08-2022, 11:55
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#365
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Just a Geek
Join Date: Jul 2015
Posts: 3,601
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Re: Rising cost of living
Quote:
Originally Posted by Julian
Pretty sure the standing charge varies across the country, it's not a fixed amount nationwide.
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Ok so I should have said mine is but it is not a £1 a day yet. Is yours?
Just for reference the Price Cap does limit the standing charges also
current leccy max price is Unit rate: 28.11p per kWh Standing charge: 50.27p per day
current gas Unit rate: 7.37p per kWh Standing charge: 27.22p per day
Predicted leccy Unit rate: 52.09p per kWh Standing charge: 46p per day
Predicted Gas Unit rate: 28.34p per kWh Standing charge: 45.34p per day
The gas standing charge is taking the hit in October
Last edited by Jaymoss; 25-08-2022 at 11:59.
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25-08-2022, 12:13
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#366
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CF Resident Dog
Join Date: Mar 2005
Posts: 14,268
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Re: Rising cost of living
Quote:
Originally Posted by Jaymoss
Ok so I should have said mine is but it is not a £1 a day yet. Is yours?
Just for reference the Price Cap does limit the standing charges also
current leccy max price is Unit rate: 28.11p per kWh Standing charge: 50.27p per day
current gas Unit rate: 7.37p per kWh Standing charge: 27.22p per day
Predicted leccy Unit rate: 52.09p per kWh Standing charge: 46p per day
Predicted Gas Unit rate: 28.34p per kWh Standing charge: 45.34p per day
The gas standing charge is taking the hit in October
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Looked up my current charges for Bulb Energy at my post code paying via Direct Debit.
Gas
Gas Unit rate 7.3437p per kWh
Standing charge 27.2192p per day (£99.35 per year)
Elecy
Electricity Unit rate 29.2394p per kWh
Standing Charge 37.9176p per day (£138.40 per year)
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PSN: Snoopzster
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25-08-2022, 12:14
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#367
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Virgin Media Employee
Join Date: Sep 2005
Location: Winchester
Services: Staff MyRates
BB: VM XXL
TV: VM XL
Phone : VM XL
Posts: 3,115
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Re: Rising cost of living
I can't see why others should cover for the failed retailers. You choose a smaller/cheaper deal, it fails, tough you bear the costs. You are quite willing to take the benefits but not the risks.
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25-08-2022, 12:29
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#368
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: Rising cost of living
Quote:
Originally Posted by tweetiepooh
I can't see why others should cover for the failed retailers. You choose a smaller/cheaper deal, it fails, tough you bear the costs. You are quite willing to take the benefits but not the risks.
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No one would take Bulb's customers - it was effectively another Lloyds bank - too big to be allowed to fail.
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25-08-2022, 12:36
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#369
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Architect of Ideas
Join Date: Dec 2004
Posts: 10,366
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Re: Rising cost of living
Quote:
Originally Posted by Jaymoss
Ok so I should have said mine is but it is not a £1 a day yet. Is yours?
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I took a fix at about 50p each per day in anticipation that it'll go there in October anyway. If the announcement tomorrow changes that there's no exit fee.
---------- Post added at 12:36 ---------- Previous post was at 12:33 ----------
Quote:
Originally Posted by 1andrew1
No one would take Bulb's customers - it was effectively another Lloyds bank - too big to be allowed to fail.
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Privatising profits and nationalising losses. The lazy young people that OB loathes so much are paying thousands in tax to subsidise failing private enterprise, interest on £2 trillion of debt they didn't rack up and for pensions today for pensioners who didn't pay in enough.
All before a single penny is spent on public services today.
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25-08-2022, 12:44
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#370
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: Rising cost of living
If this happens mortgages could rise in the Spring
Quote:
Britain’s Inflation Spiral Seen Pushing Interest Rates to 4%
British households might have to cope with interest rates hitting 4% as soon as next spring as policymakers wrestle with out-of-control inflation.
That’s the view coming from money markets, where traders are ramping up bets on more aggressive tightening by the Bank of England. With the gas crisis worsening and winter just months away, there’s a sense that officials will have to send the economy into a deep recession to rein in inflation running at the fastest pace in 40 years.
The rapid repricing comes as traders bet consumer costs will keep rising at a record pace, with Citigroup Inc. saying the headline rate will climb above 18% next year. The market is wagering the BOE will even leapfrog the Federal Reserve in raising rates, which has so far taken a more aggressive approach to fighting inflation.
The BOE has hiked at six consecutive meetings and opted for a larger half-point hike most recently, its largest in over two decades.
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https://www.bloomberg.com/news/artic...ets-prove-true
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25-08-2022, 14:21
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#371
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 12,038
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Re: Rising cost of living
That's generally what happens when interest rates go up.
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The wheel's still turning but the hamsters dead.
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25-08-2022, 15:03
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#372
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cf.mega pornstar
Join Date: Jan 2006
Posts: 18,802
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Re: Rising cost of living
Quote:
Originally Posted by Pierre
That's generally what happens when interest rates go up.
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What generally happens is that it then gets passed on to savers but seeing as that's not happened why should the borrowing rate go up
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25-08-2022, 16:12
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#373
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (330 Mbps)
Posts: 27,726
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Re: Rising cost of living
Saving rates are never as high as borrowing rates, but my savings account rates have risen each time interest rates have gone up (with a slight lag). Not that I have much in them, but I do get the notifications.
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Baby, I was born this way.
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25-08-2022, 16:36
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#374
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,227
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Re: Rising cost of living
Banks are just not as interested in customer deposits as they were 20 years ago either so the rates don't go as high as they were then.
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25-08-2022, 16:53
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#375
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cf.mega pornstar
Join Date: Jan 2006
Posts: 18,802
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Re: Rising cost of living
Quote:
Originally Posted by Damien
Banks are just not as interested in customer deposits as they were 20 years ago either so the rates don't go as high as they were then.
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Yet they're making billions in interest by depositing them with the BoE, shysters, why do we let them get away with it
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