Guest av1 Posted March 8, 2023 Share Posted March 8, 2023 5 minutes ago, Davkaus said: Prepayment meters make them more money. They're financially incentivised to have shit processes in place to make it difficult/impossible to move away from them. You can bet your life you'd be off it in a flash if they were a less profitable last resort. As soon as I got off the phone I called octopus and explained the situation. They said if I switch to them they will swap it over after 3 months. Link to comment Share on other sites More sharing options...
stuart_75 Posted March 8, 2023 Share Posted March 8, 2023 5 hours ago, Milfner said: The tracker price with Octopus for gas has been half the amount as the standard tariff for the past five days... piss take. Its certainly a piss take if you're not lucky enough to be on it. Link to comment Share on other sites More sharing options...
blandy Posted March 8, 2023 Moderator Share Posted March 8, 2023 6 hours ago, Genie said: I can’t believe the government cap rate is a fixed price, and not a max price. It’s mental that even when the price drops the energy companies are still raking it in. The government has been paying the difference between the cost to the utility companies and the "limit" the gov't set on what they can charge us - so all the time that the cost was higher, we've been subsidised by the gov't. That's the first point. the second point is that the energy distributors buy in advance, so what they are feeding to our homes they paid for at prices that were higher than they are now. The third point is that, as the price has dropped now, as energy companies buy it, they will feed it to us in the next months at a (what should be) less eye watering price. But it's still got to fall below the gov't subsidy level for the gov't to stop making up the difference. It looks like the gov't is going to extend that support for a few more months, by which time things should be slightly less expensive for everyone. But the whole pricing system is utterly mad. Problem is that contracts were signed in a different time and both parties need to agree is they are to be renegotiated, and obviously they don't - because the energy companies, or some of them are raking it in - wind and so on contracted at the gas price is way more profitable than wind contracted at more recent CFD levels (basically cost plus a small percentage for profit). It's a complete failure, exposed by the war. It goes back years and gov't of poth parties is responsible. Link to comment Share on other sites More sharing options...
Milfner Posted March 20, 2023 Share Posted March 20, 2023 Gas sub-5p for the first time in a long time on the Octopus tracker. Electricity was sub-20p for the first time too last week. Hopefully not far away from the first fixed deals... 2 Link to comment Share on other sites More sharing options...
Milfner Posted March 21, 2023 Share Posted March 21, 2023 On 20/03/2023 at 08:07, Milfner said: Gas sub-5p for the first time in a long time on the Octopus tracker. Electricity was sub-20p for the first time too last week. Hopefully not far away from the first fixed deals... Gas 4.7p & electrictiy 17.4p... 3 Link to comment Share on other sites More sharing options...
Genie Posted March 26, 2023 Author Share Posted March 26, 2023 First of the new fixed tariffs coming through Quote Energy giant Ovo has launched its first deal for customers cheaper than the government's cap on household bills. The firm will offer a fixed 12-month tariff of £2,275 for existing customers, at a time when the government is limiting typical household bills to £2,500. It comes as falling wholesale gas prices start feeding through to bills. One expert urged caution on Ovo's deal, predicting there would be cheaper deals in the months to come. link Link to comment Share on other sites More sharing options...
sidcow Posted March 26, 2023 VT Supporter Share Posted March 26, 2023 9 minutes ago, Genie said: First of the new fixed tariffs coming through link Yeah, some think it might dip below £2,000 by the end of the year. I wouldn't be taking that fix now. 1 Link to comment Share on other sites More sharing options...
Genie Posted March 26, 2023 Author Share Posted March 26, 2023 I’m not sure what the current wholesale price works out as an average annual consumption, but it’s predicted to drop 20% during the summer. Link to comment Share on other sites More sharing options...
foreveryoung Posted March 26, 2023 Share Posted March 26, 2023 Will not make much difference now, money saved is now for increased council tax bills. Link to comment Share on other sites More sharing options...
Demitri_C Posted March 27, 2023 Share Posted March 27, 2023 13 hours ago, foreveryoung said: Will not make much difference now, money saved is now for increased council tax bills. Yeah i hear that. Seems alot of outrage about gas and electric but everyone ok with council tax going significantly up and the council customer service is shit Link to comment Share on other sites More sharing options...
Popular Post Davkaus Posted March 27, 2023 Popular Post Share Posted March 27, 2023 4 hours ago, Demitri_C said: Yeah i hear that. Seems alot of outrage about gas and electric but everyone ok with council tax going significantly up and the council customer service is shit It's a bit of a pointless comparison. Energy prices more than doubled in a year, and due to the way the cap works people are now paying more than the going rate, while private companies take in record profits. council tax went up by a few percent and they're still struggling to provide essential services. Of course people were more angry about one than the other. 5 Link to comment Share on other sites More sharing options...
Genie Posted March 27, 2023 Author Share Posted March 27, 2023 4 hours ago, Demitri_C said: Yeah i hear that. Seems alot of outrage about gas and electric but everyone ok with council tax going significantly up and the council customer service is shit Energy costs +100%, record profits Council tax +4.99%, making deep cuts to maintain essential services If the price of all my household bills went up less than half the annual rate of inflation I’d be happy. 1 Link to comment Share on other sites More sharing options...
Demitri_C Posted March 27, 2023 Share Posted March 27, 2023 11 hours ago, Davkaus said: It's a bit of a pointless comparison. Energy prices more than doubled in a year, and due to the way the cap works people are now paying more than the going rate, while private companies take in record profits. council tax went up by a few percent and they're still struggling to provide essential services. Of course people were more angry about one than the other. Fundamentally its not about the "profits" only its about what the common family being able to pay their bills. Both of thwse have gone up. How do you expect the families struggling alreafy to pay for the council tax increase? Also are you telling me councils havent wasted money on rubbish schemes also? Its all goid saying that are under funded but councils waste money too Link to comment Share on other sites More sharing options...
Davkaus Posted March 27, 2023 Share Posted March 27, 2023 I'm certain we've already had this conversation in the last few weeks. Enjoy your **** holiday man 2 Link to comment Share on other sites More sharing options...
Guest av1 Posted April 2, 2023 Share Posted April 2, 2023 Just went on my online backing to check my direct debits and noticed that E-On haven’t taken any money since September last year. I’m not sure how I missed it (you just assume direct debits go out) and not sure what’s gone wrong, but I’m now expecting a hefty bill Link to comment Share on other sites More sharing options...
Davkaus Posted April 2, 2023 Share Posted April 2, 2023 (edited) 54 minutes ago, av1 said: Just went on my online backing to check my direct debits and noticed that E-On haven’t taken any money since September last year. I’m not sure how I missed it (you just assume direct debits go out) and not sure what’s gone wrong, but I’m now expecting a hefty bill Have you been billed in that time and they just haven't taken payment? If you haven't been billed, there's good news, have a look at the Ofgem Back-Billing principle - they can't bill you for energy used more than 12 months previously if the error is theirs. If they have billed you and simply haven't taken payment, I think you're out of luck on that front (though I'm not 100%, definitely worth getting a qualified opinion), and ultimately you do owe them the money for energy you've used, but I think it'd be in their interest as well as yours to set up a repayment plan over time. If they've just let you fly under the radar and you're contacting them to put it right, hopefully that puts you in a far better position to negotiate them helping you spread the bill over time as well Edited April 2, 2023 by Davkaus Link to comment Share on other sites More sharing options...
Genie Posted April 2, 2023 Author Share Posted April 2, 2023 18 minutes ago, Davkaus said: Have you been billed in that time and they just haven't taken payment? If you haven't been billed, there's good news, have a look at the Ofgem Back-Billing principle - they can't bill you for energy used more than 12 months previously if the error is theirs. If they have billed you and simply haven't taken payment, I think you're out of luck on that front (though I'm not 100%, definitely worth getting a qualified opinion), and ultimately you do owe them the money for energy you've used, but I think it'd be in their interest as well as yours to set up a repayment plan over time. If they've just let you fly under the radar and you're contacting them to put it right, hopefully that puts you in a far better position to negotiate them helping you spread the bill over time as well As it’s only been 6/7 months I assume he has a big bill in his account waiting to be paid. Link to comment Share on other sites More sharing options...
Davkaus Posted April 2, 2023 Share Posted April 2, 2023 20 minutes ago, Genie said: As it’s only been 6/7 months I assume he has a big bill in his account waiting to be paid. You're absolutely right, for some reason I read "September last year" as not last September the one before. **** it's going to be a long week at work, my brain is fried already Link to comment Share on other sites More sharing options...
Guest av1 Posted April 2, 2023 Share Posted April 2, 2023 2 hours ago, Genie said: As it’s only been 6/7 months I assume he has a big bill in his account waiting to be paid. Yep looks like it. It’s my own fault for not noticing but I’ve no idea why they would stop taking the DD’s. Link to comment Share on other sites More sharing options...
Genie Posted April 3, 2023 Author Share Posted April 3, 2023 8 hours ago, av1 said: Yep looks like it. It’s my own fault for not noticing but I’ve no idea why they would stop taking the DD’s. Sometimes DD’s have an end date rather than being open ended. Link to comment Share on other sites More sharing options...
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