Cost of living increases

[Tinks]

Has everyone recieved the 150 squid? I must be the only person in the City who hasn't. I'm thinking about sending the bailiffs to the Civic Centre ;)

Bar Stewards

I had mine in my account on 29th April

 

[Massimo Giovanni]

Tin of Spam, not big tin!
£2, yes two pounds.

 

[Holy Joe]

Tin of Spam, not big tin!
£2, yes two pounds.

My word - that's £2 too much imho!

 

[RobM]

 

[Massimo Giovanni]

My word - that's £2 too much imho!

Exactly, spam, chips, beans and brown sauce WAS cheap meal but not any longer.

 

[Mad Cyril]

£92 to fill up my mobile command unit

 

[RobM]

Exactly, spam, chips, beans and brown sauce WAS cheap meal but not any longer.

Not as cheap as spam chip and bean!

 

[Supershrimper]

Price Cap to increase to around £2,800 from October. Up from the current £1,971 it is currently

Energy price cap: Typical energy bill set to rise by £800 a year in October

Industry regulator Ofgem warns households that they should expect higher energy bills this winter.

www.bbc.co.uk

 

[blueblueblue]

Price Cap to increase to around £2,800 from October. Up from the current £1,971 it is currently

Energy price cap: Typical energy bill set to rise by £800 a year in October

Industry regulator Ofgem warns households that they should expect higher energy bills this winter.

www.bbc.co.uk

That's criminal.

It wasn't that long ago I was getting quarterly bills (in the winter) for both gas and electric around the £80 - £90 mark.

With that increase you've got to be looking at £900.

I did originally say £500 but then thought about the posts from people on here where they've had an increase on there DD.

Something's got to be done NOW..

 

[Mad Cyril]

Exactly, spam, chips, beans and brown sauce WAS cheap meal but not any longer.

Spam and corned beef haven't been cheap for many years.

 

[Holy Joe]

That's criminal.

It wasn't that long ago I was getting quarterly bills (in the winter) for both gas and electric around the £80 - £90 mark.

With that increase you've got to be looking at £900.

I did originally say £500 but then thought about the posts from people on here where they've had an increason on there DD.

Something's got to be done NOW..

Not really - if you were paying £90 let's assume price doubled when your supplier went bust, so that jumped to 180 and then 50% increase last month, 270 and then the potential 40% increase in Oct will take you to around 370. Still a massive increase, but nowhere near 900. And yes I suspect dishy rishi will do something soon ish

 

[blueblueblue]

Not really - if you were paying £90 let's assume price doubled when your supplier went bust, so that jumped to 180 and then 50% increase last month, 270 and then the potential 40% increase in Oct will take you to around 370. Still a massive increase, but nowhere near 900. And yes I suspect dishy rishi will do something soon ish

I was paying more than £370 a quater before the price rise in April. When I said £80 - £90 a quater, I was talking 2 - 3 years ago (I probably didn't make that clear).

I'm purly going on some of the posts on here where they've had a monthly DD increase around the £300 mark. I think I was being generous saying £900.

 

[Supershrimper]

I wonder if they introduce tariffs for those with smart meters where the electricity and gas is cheaper during periods where its not in demand as much. Anyone fancy doing cooking their dinner or putting their washing machine on at 2 in the morning

Can't see anything happening to lower the price. We only import around 5% of our gas from Russia, but that crisis is pushing up prices for the global price. Only thing they could do is force companies that extract from the UK to sell at a UK price, and then any spare they can sell onto the global market at the global price

Giving me everyone a £200 "rebate" then taking it back over 5 years isn't really going to even skim the surface. They need to find a way to lower the price. Perhaps now is the time to look into Shale gas.

 

[southendkid]

Can't see anything happening to lower the price. We only import around 5% of our gas from Russia, but that crisis is pushing up prices for the global price. Only thing they could do is force companies that extract from the UK to sell at a UK price, and then any spare they can sell onto the global market at the global price

The problem with this is that we don't have any spare, we don't have enough for ourselves in the winter.

There's a weird anomaly at the moment where wholesale British gas prices are actually really low because we've upped production (due to the Ukraine war) but since everyone's got their heating off at the moment we don't actually need everything we're producing. If we had somewhere to put the excess this wouldn't be a problem because we could just store it for the winter but unfortunately a few years ago our storage facilities for gas needed expensive repairs and no one was willing to finance the repairs because (at the time) it was cheaper to just import the shortfall. As a result gas wholesalers in the UK can either bin it for nothing or sell it to Europe for far below market value just so they can make something back.

Since we can't store anything in the summer than means when winter hits we won't be able to produce enough to rely on domestic gas alone, and that means we aren't in a great bargaining position if we try to set one price for ourselves and one for everyone else because foreign gas providers could do the same thing to us if we try and manipulate the market.

 

[kaymac]

Price Cap to increase to around £2,800 from October. Up from the current £1,971 it is currently

Energy price cap: Typical energy bill set to rise by £800 a year in October

Industry regulator Ofgem warns households that they should expect higher energy bills this winter.

www.bbc.co.uk

All this time I thought it was supposed to be a (still hefty) 25pct increase in Oct….this is now totally out of control! Presume suppliers will be ramping up standing charges in case people cut back on actual energy usage.

 

[RobM]

I'm no economist that's for sure. But if the prices keep on rising, I assume there will be mass disconnections, CCJs, huge amounts of people with rent/rates/mortgage arrears simply because of fuel/food inflation, housing market and stock market total collapses. Anyone convince me otherwise?

 

[MK Shrimper]

I'm no economist that's for sure. But if the prices keep on rising, I assume there will be mass disconnections, CCJs, huge amounts of people with rent/rates/mortgage arrears simply because of fuel/food inflation, housing market and stock market total collapses. Anyone convince me otherwise?

Cancel DD's, agree a price plan with the supplier and stick to it, they can't cut you off.

 

[SARF]

Only the uk. An island made of coal and frackable shale, surrounded by oil and gas, with some of the best conditions for wind and tidal power , could engineer an energy crisis ..

blame it on global prices. Zzzzzz

 

[hlane17]

I'm no economist that's for sure. But if the prices keep on rising, I assume there will be mass disconnections, CCJs, huge amounts of people with rent/rates/mortgage arrears simply because of fuel/food inflation, housing market and stock market total collapses. Anyone convince me otherwise?

The longer this goes on the more likely it could snowball. I'm seriously concerned.

I'm no qualified economist but have studied economics previously and the warning signs are there.

Only so long until people start running out of £££.

 

[Yorkshire Blue]

I wonder if they introduce tariffs for those with smart meters where the electricity and gas is cheaper during periods where its not in demand as much. Anyone fancy doing cooking their dinner or putting their washing machine on at 2 in the morning

Can't see anything happening to lower the price. We only import around 5% of our gas from Russia, but that crisis is pushing up prices for the global price. Only thing they could do is force companies that extract from the UK to sell at a UK price, and then any spare they can sell onto the global market at the global price

Giving me everyone a £200 "rebate" then taking it back over 5 years isn't really going to even skim the surface. They need to find a way to lower the price. Perhaps now is the time to look into Shale gas.

There’s plenty they could do starting with a windfall tax on energy producers but also investing more in insulation and efficiency and public transport.