| Energy costs with EON 14:44 - Aug 11 with 5139 views | BrentwoodBlagger2 |
We have just been notified that our new monthly direct debit for gas and electric will rise from £300 per month to £1100 per month. We have a relatively large detached house, but we are economic with energy use and have a log burner. With usual monthly outgoings, I cannot see how they expect people to cope with this. Difficult times are ahead and energy bosses have rejected the approach today from the government for consumer help. |  | | |  |
| Energy costs with EON on 15:38 - Aug 11 with 1272 views | lowhouseblue |
in all seriousness, what are you doing with all that energy? do you have a heated swimming pool? |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
| |
| Energy costs with EON on 15:38 - Aug 11 with 1257 views | JakeITFC |
I'm not sure it's stupid - think it is disingenuous (more specifically to the video from Octopus below) to say that paying for renewable power means that you shouldn't be liable for the costs of keeping the system in balance, unless the customer should only receive power at a time when it's windy or sunny.
We are going to be in for a messy few years during this transition to a net zero grid, but ultimately this has been a quite ridiculous imperfect storm of global events that has caused this issue, not the mechanisms in which the wholesale markets for electricity work. |  | | |
| Energy costs with EON on 15:41 - Aug 11 with 1213 views | JakeITFC |
| Energy costs with EON on 15:30 - Aug 11 by clive_baker |
I don't understand how th average is likely to be £570 a month. Is that just Gas or Gas + Electric. Even if it's both, it feels remarkaby high as an average fuel cost.
I would be really interested to see what people are paying now by way of a £ per KWH and their average monthly usage. I've been averaging 220 KWH of Gas per month (at 7.4p / KWH), and 180 of Electric (at 29.3p / KWH). Then there's a fixed element which is about £10 on each. So my total bill is circa £90 a month. There's 2 adults, a toddler and a baby in my househould, which is probably above average in footprint. Is my house just ridiculously efficient or maybe it's an error and I'm going to be whacked with a big bill. I'm on the EDF standard variable rate so it's not like my £ per unit is based on old fixed rates or anything.
EDIT: This is an average since April, so obviously heating hasn't been on and that will of course increase usage over winter. [Post edited 11 Aug 2022 15:32]
|
Your electricity rate at 29.3p/kWh (£293/MWh) is about half what the wholesale price alone for electricity is trading at today for Winter-22 (~£600/MWh), so you are on a good deal. | | | |
| Energy costs with EON on 15:51 - Aug 11 with 1161 views | StokieBlue |
| Energy costs with EON on 15:41 - Aug 11 by JakeITFC |
Your electricity rate at 29.3p/kWh (£293/MWh) is about half what the wholesale price alone for electricity is trading at today for Winter-22 (~£600/MWh), so you are on a good deal. |
Previous post:
"the market isn't broken"
This post:
"the market is trading at 200% the current price for winter 2022"
SB |  | | |
| Energy costs with EON on 15:53 - Aug 11 with 1139 views | clive_baker |
| Energy costs with EON on 15:41 - Aug 11 by JakeITFC |
Your electricity rate at 29.3p/kWh (£293/MWh) is about half what the wholesale price alone for electricity is trading at today for Winter-22 (~£600/MWh), so you are on a good deal. |
That's interesting to know, thanks for that.
Just tried to jump on to the EDF website and take a look but looks to be down at the moment. Bracing myself for a big jump in costs soon, and been considering ways to limit usage over Oct - March in particular which feels like the bit we can, to some degree, have some influence over. I'm lucky that I have 2 log burning stoves and a lot of wood, with 2 little ones I of course need to maintain a safe temperature. If I were on mine own I would be less bothered about running the house colder at my age. The £400 rebate will go some way too to covering the increase, at least for a short while. I'm also aware that I can stomach increases, albeit reluctantly. Many can't and it's such a crap time for so many.
I fear for the economy and consumer spending, especially at such a crucial trading period for hospitality and retail. An England world cup run might help a little. |  |
| |
| Energy costs with EON on 15:55 - Aug 11 with 1121 views | giant_stow |
| Energy costs with EON on 15:04 - Aug 11 by SaleAway |
have you just come to the end of a fixed deal? If you were paying £300 per month on a fixed rate, then I can see how they might have got to that sort of figure ( For comparison, my rate went from 100 to 183, and I'm expecting it to go up again with the cap. However if I look to fix it, they are estimating it at over £400 per month, so that's in a similar ballpark to you, in terms of percentage increase.
My bigger question to you, is how you are using that much energy? You say a relatively large detached house, and that you are efficient, but those figures don't suggest that you are. I'd be looking at ways to reduce your usage as much as anything. |
My mum had weirdly high bills, despite her feeling that she was very frugal with her energy use. It turned out that she had the immersion boiler on permanently — sorting that reduced things hugely. Just in case it helps anyone else… |  |
| |
| Energy costs with EON on 15:57 - Aug 11 with 1110 views | BrentwoodBlagger2 |
| Energy costs with EON on 15:38 - Aug 11 by lowhouseblue |
in all seriousness, what are you doing with all that energy? do you have a heated swimming pool? |
Errrr no swimming pool. The smart meter shows that we have been using about £4 - £5 of energy per day for the last 3 months and I work from home. Only 2 of us live here. we have nothing that could be considered 'high usage'. | | | |
| Energy costs with EON on 15:58 - Aug 11 with 1092 views | JakeITFC |
| Energy costs with EON on 15:51 - Aug 11 by StokieBlue |
Previous post:
"the market isn't broken"
This post:
"the market is trading at 200% the current price for winter 2022"
SB |
The market is trading at the current price for Winter-2022, that's how it works. The other poster had locked into a position a few months back (presumably hedged by their supplier at the lower rate).
My point, as I'm sure you're aware, is that the role National Grid play to keep the system in balance represents a fair price for the actions taken to keep the lights on in any given half an hour - Greg Jackson's point around renewables is wilfully misrepresentative of that. It is not the role of the system operator to decide how much generators charge for their services, but for them provide best value from the available options. | | | |
Login to get fewer ads
| Energy costs with EON on 16:00 - Aug 11 with 1070 views | C_HealyIsAPleasure |
| Energy costs with EON on 15:55 - Aug 11 by giant_stow |
My mum had weirdly high bills, despite her feeling that she was very frugal with her energy use. It turned out that she had the immersion boiler on permanently — sorting that reduced things hugely. Just in case it helps anyone else… |
We moved house a couple of years ago from a new build to a 50’s house…after 3 or so months was aghast to receive an energy bill that was 3x what we’d been paying before. Turned out I’d done the same thing, having moved in I’d flipped all the switches on in the airing cupboard assuming it all worked the same as before
I’ve learned a fair bit about gravity tanks since then, and now I know why growing up we only had hot water scheduled to be on at certain times! |  |
| |
| Energy costs with EON on 16:10 - Aug 11 with 1026 views | itfcjoe |
Mine has gone mad, if I want to fix it then it is £700 a month, this time last year was £141.
With what the predictions are for January, my mortgage and energy bills are going to be more than 3 weeks wages and I earn good money. Something has to happen at some point.
Me and my wife are fortunate that we have levers we can pull, cancel gym memberships, her go back to work more hours, and other big difference making options and so many aren't going to be anywhere near as fortunate.
It will hit a wall though, people will stop paying because they physically won't be able to, energy companies won't be able to chase all the outstanding payments and try and get any debt collection services in place as will be overwhelmed and then the costs will get passed on to those who are just about managing and drag them down into the spiral.
There has to be some form of intervention, or a lowering of costs - but whilst the Tory party twiddle their thumbs waiting for Liz Truss coronation it's going to become past crisis point - she isn't going to be in place for another 4 weeks or so, then will need to get a chancellor in, get it planned out, get it activated - it's too late, and too slow.
Every single person I speak to is worrying, and talking about this - the Government are so out of step with what is going on |  |
| |
| Energy costs with EON on 16:21 - Aug 11 with 1008 views | factual_blue |
My tips (based on Mrs Factual's time with what was then Eastern Energy)
1. Set your direct debit as low as you can. The companies see DDs as free cash, and love you to have huge credits balances.
2. Don't ever get a smart meter. Submit your own readings, which you can of course to a certain extent 'manage'. |  |
| |
| Energy costs with EON on 16:25 - Aug 11 with 973 views | Kropotkin123 |
| Energy costs with EON on 15:06 - Aug 11 by ElderGrizzly |
Don’t worry, Boris has urged profit making companies to make less profit
|
In other news, here Boris Johnson urging the tide not to turn.
 |  |
| Submit your 1-24 league prediction here -https://www.twtd.co.uk/forum/514096/page:1 - for the opportunity to get a free Ipswich top. | | Poll: | Would you rather | | Blog: | Round Four: Eagle |
| |
| Energy costs with EON on 16:32 - Aug 11 with 946 views | Ftnfwest |
| Energy costs with EON on 16:21 - Aug 11 by factual_blue |
My tips (based on Mrs Factual's time with what was then Eastern Energy)
1. Set your direct debit as low as you can. The companies see DDs as free cash, and love you to have huge credits balances.
2. Don't ever get a smart meter. Submit your own readings, which you can of course to a certain extent 'manage'. |
i'm glad you mentioned nr 2 as we've always ignored the utilities pleas to us to get one of those! |  | | |
| Energy costs with EON on 16:36 - Aug 11 with 925 views | J2BLUE |
How exactly are the energy company customer service employees going to deal with this? They are not going to get a massive salary increase and I doubt any discount is going to make much of a dent.
If they strike in line with people not paying bills it could get interesting. |  |
| |
| Energy costs with EON on 16:37 - Aug 11 with 912 views | Kieran_Knows |
| Energy costs with EON on 15:06 - Aug 11 by ElderGrizzly |
Don’t worry, Boris has urged profit making companies to make less profit
|
Is that £400 in one lump sum? |  |
| |
| Energy costs with EON on 16:39 - Aug 11 with 900 views | J2BLUE |
| Energy costs with EON on 16:37 - Aug 11 by Kieran_Knows |
Is that £400 in one lump sum? |
Over six months starting in October. | |
| |
| Energy costs with EON on 16:39 - Aug 11 with 903 views | factual_blue |
| Energy costs with EON on 16:32 - Aug 11 by Ftnfwest |
i'm glad you mentioned nr 2 as we've always ignored the utilities pleas to us to get one of those! |
So far as I can see they bring you as the customer no benefits at all. The companies badger us to get them because they have a target to meet from the government, a target that I'm sure brings a financial incentive for the companies. | |
| |
| Energy costs with EON on 16:41 - Aug 11 with 895 views | noggin |
Our government are paying 90% of everything over 0.7 kr kwh (about 6p)
I have a 3 year fixed deal at 0.9 kr kwh and my bills are no worse than any other year. I don't know how I'd manage without the fixed deal and government support. |  |
| |
| Energy costs with EON on 16:42 - Aug 11 with 898 views | factual_blue |
| Energy costs with EON on 16:36 - Aug 11 by J2BLUE |
How exactly are the energy company customer service employees going to deal with this? They are not going to get a massive salary increase and I doubt any discount is going to make much of a dent.
If they strike in line with people not paying bills it could get interesting. |
It might be worth reminding any older members of your family that any household comprising only people of or above state pension age can't have their supply disconnected between October and March. | |
| |
| Energy costs with EON on 16:45 - Aug 11 with 880 views | J2BLUE |
| Energy costs with EON on 16:42 - Aug 11 by factual_blue |
It might be worth reminding any older members of your family that any household comprising only people of or above state pension age can't have their supply disconnected between October and March. |
Cheers, like most of the older generation though they are all sitting on plenty of assets including cash. | |
| |
| Energy costs with EON on 16:46 - Aug 11 with 880 views | clive_baker |
| Energy costs with EON on 16:21 - Aug 11 by factual_blue |
My tips (based on Mrs Factual's time with what was then Eastern Energy)
1. Set your direct debit as low as you can. The companies see DDs as free cash, and love you to have huge credits balances.
2. Don't ever get a smart meter. Submit your own readings, which you can of course to a certain extent 'manage'. |
Absolutely right. My old supplier tried to increase my DD a couple of years ago by about 100%. I called them up and asked for the justification, given I had a small credit on my account and my existing DD was broadly in line, if not slightly higher than actual usage over the course of the year. They admitted there was no justification, and the DD remained as was. Needless to say it continued to be entirely appropriate for a good while thereafter. I'm sure they just decide to stick them up when they want to give their working capital a push.
As for your second point, I have also binned my smart meter and reverted to submitting my own readings to them on a monthly basis, which as well as retaining some level of control, also helps keep me more aware of usage. | |
| |
| Energy costs with EON on 16:47 - Aug 11 with 860 views | Kieran_Knows |
| Energy costs with EON on 16:39 - Aug 11 by J2BLUE |
Over six months starting in October. |
I see, thanks J2. Is that paid in to ones account? Or simply taken off your energy bill? (apologies, I know I could probably just google this) | |
| |
| Energy costs with EON on 16:48 - Aug 11 with 856 views | J2BLUE |
| Energy costs with EON on 16:47 - Aug 11 by Kieran_Knows |
I see, thanks J2. Is that paid in to ones account? Or simply taken off your energy bill? (apologies, I know I could probably just google this) |
It's 'administered by energy companies' which should be interesting. | |
| |
| Energy costs with EON on 16:49 - Aug 11 with 848 views | factual_blue |
| Energy costs with EON on 16:45 - Aug 11 by J2BLUE |
Cheers, like most of the older generation though they are all sitting on plenty of assets including cash. |
#solidgoldpension
#triplelock
#earlyretirementpayout
#theyoungstersworkuntiltheyre80 | |
| |
| Energy costs with EON on 16:50 - Aug 11 with 841 views | Kieran_Knows |
| Energy costs with EON on 16:48 - Aug 11 by J2BLUE |
It's 'administered by energy companies' which should be interesting. |
Hmmm.
'Those with a domestic electricity meter point paying for their energy via standard credit, payment card and direct debit will receive an automatic deduction to their bills over the 6 month period — totalling £400.'
I read that as they'll take it off your current DD? | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
