Come on, own up....... how many of you have gone on line today and submitted exaggerated readings?
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Come on, own up....... how many of you have gone on line today and submitted exaggerated readings?
Oil now £1.10 per litre in Wales according to Boiler Juice. However my neighbour paid £1.37 per litre just 2 days ago!
So glad I topped up at £0.62 a few weeks back! Will be installing a wood burning stove* soon - just had a quote for just over £2K installed including chimney liner which didn't seem too bad. We have ample storage space for logs in a shed thankfully.
*PureVision 5.
Several suppliers' websites have crashed according to BBC with so many people trying to register meter readings!
https://www.bbc.co.uk/news/business-60938730
Putin sets deadline of midnight Friday for buying Russian gas in Roubles only. The expression "short and curlies" comes to mind.
https://www.bbc.co.uk/news/business-60945248
The worrying thing on this thread is how clueless some people are to how energy bills are calculated.
The cap is 54% on the standard variable rate. If you were on a good fixed rate less than the standard rate then the increase % will be higher than 54% when your deal ends, or if you go on a new fixed rate, which is much higher than the standard rate at the moment.
Also if you are in arrears and the DD hasnt been covering what youve been using then your bills will also go up so they can claw back what is owed besides what you are going to use going forward.
Unfortunately theres no good fixed deals to be had at the moment its probably best sticking to the standard variable rate. Its already at its maximum so they cant put it up until October.
I know how my energy bills are calculated.
I"m on a standard variable rate.
I have underpaid by £11 over the last 12 months so my DD should have been £30.92 as opposed to the £30 if they want to be picky but I"m hardly in arrears.
I can"t see a justification in Shell increasing my DD from £30 to £78 when the rise is 54% not 150%.
A 54% rise would be £16.20 so £30 + £16.20 +£0.92 to cover the £11 shortfall in my DD payments over the last 12 months equals £47.12.
I have contacted Shell this morning who have told me the massive rise in my DD is "to make sure you"re not in debt when the prices rise again in October".
In other words they want me to start paying 6 months in advance towards a rise that nobody, including them, know at the moment what it will be.
It seems to me that they want customers to improve their cash flow for the next 6 months.
I have offered to pay £50 a month DD or pay the £11 arrears and a DD of £47 until October and then see what the increase is.
They are going to get back to me.
By law they are only allowed to hold 1 months worth of DD in credit in your account which by October, bearing in mind the next 6 months are the lightest usage due to the time of the year, I will be easily.
It will be interesting to see what they say as if they don"t agree I will refuse to have a DD and they can bill me monthly based on my meter reads of what I actually use which legally they can"t refuse to do.
Bear in mind that the Shell group has just announced record profits of either 15 or 25 billion pounds.