Energy Prices

[Ninja]

Re: Energy Prices

Apologies, it is £650, not £750. Which is on top of the £66 off bills a month.

It states here that anyone on the following will receive it:

Universal Credit
income-based Jobseeker’s Allowance (JSA)
income-related Employment and Support Allowance (ESA)
Income Support
Pension Credit
Child Tax Credit
Working Tax Credit

Poorer households absolutely ARE getting more support than wealthier. It's completely untrue to claim otherwise.

People on contributions based legacy benefits DO NOT get a penny, and that's a lot of people!
That is TRUE you dyed in the wool Tory fan, not lies.

[Gofer Blue]

Re: Energy Prices

I wish government would simply publish the cost per kWh so we can all calculate exactly what each of us will pay, based on our historical energy usage. I know we use 3400 (+/- 200) kWh of electricity every year, so a simple calculation will tell me what to expect. The crazy thing is that this cost per kWh should be capped but won't be as it all depends on what tariff you are on and what supplier you are with. In fact those who have secured a fixed rate for the next year or so could now be worse off!

[JamesWales]

Re: Energy Prices

People on contributions based legacy benefits DO NOT get a penny, and that's a lot of people!
That is TRUE you dyed in the wool Tory fan, not lies.

You said "People on benefits will now suffer the most" That is absolutely not true. There is significantly more assistance for people on benefits, and rightly so.

Why (if not presumably for your own party political gain) would you spread mistruths like that? It just increases anxiety for people.

[chrisp_1927]

Re: Energy Prices

I wish government would simply publish the cost per kWh so we can all calculate exactly what each of us will pay, based on our historical energy usage. I know we use 3400 (+/- 200) kWh of electricity every year, so a simple calculation will tell me what to expect. The crazy thing is that this cost per kWh should be capped but won't be as it all depends on what tariff you are on and what supplier you are with. In fact those who have secured a fixed rate for the next year or so could now be worse off!

https://www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you

Not sure if it's been updated yet

[sneggyblubird]

Re: Energy Prices

I can't understand why some are jumping for joy, were all gonna be paying even more when the new price cap sinks in.At the moment the cap is just under 2 grand so the money awarded to the most needy was based on an out of date cap so how anyone can think we'll be better off is wrong. If your really struggling now this does FA for you.

[chrisp_1927]

Re: Energy Prices

Agree we've been fecked over big time by Truss and the ERG. Note green levy scrapped. Full steam ahead for climate change then.

Not sure it will make too big a difference. Seems like renewables are now the most cost effective solution anyway. They make commercial sense now even without subsidies.

[az city]

Re: Energy Prices

Great, something needed to be done, and it's been done.

I'm not 100% sure I'm fully up on what Truss has done. Here's what I gather has gone on.

As I understand it, Truss is borrowing GBP130B to fund the price cap. Of course, that borrowing will have to be paid back over the long-run through raising taxes. That will reduce aggregate demand and thus economic growth even further on Plague Island.

I also am led to believe that energy producers in the UK are expecting supra-normal profits of around GBP170B through the energy crisis. Of course, they won't just dole that huge sum out to their shareholders, they'll use it to invest and grow the UK economy a la trickledown (note to Jimbo - I'm being sarcastic).

Jimbo, I just don't see this as good news. GBP170B > GBP130B. And then there's the apparent abandonment of climate change objectives. This is appalling.

[Ninja]

Re: Energy Prices

You said "People on benefits will now suffer the most" That is absolutely not true. There is significantly more assistance for people on benefits, and rightly so.

Why (if not presumably for your own party political gain) would you spread mistruths like that? It just increases anxiety for people.

You keep implying that I am lying.
You've completely ignored my point that people on contributions based benefits get the total sum of ZERO extra per year.
What good is £650 a year if your annual energy bills have doubled?
In my house, my monthly energy bill will be somewhere around £200 per month this coming winter, I actually think it is likely to be a lot more as this is the calculation BEFORE the October price increase.
Let's say for argument's sake that it's £250 per month, and that's being reasonable.
That is already double what I was paying last year!

Now, let's say an extra £125 per month compared to last year.
If I was in receipt of UC and could get the £650, that would still be WAY short of the extra £1500 per year extra I am paying!

It's not rocket science is it? Just simple maths.
The fact cats lose nothing, the poor lose a lot.
It's not lies and I don't appreciate being called a liar by a blatant dyed in the wool Tory that will attempt desperately to defend the quite frankly inexcusable no matter what.

[Lither_1927]

Re: Energy Prices

We have been done , clearly

Your continual support of the Tories is fecking embarrassing, wind your next in

Lol rabid 😆

[JamesWales]

Re: Energy Prices

You keep implying that I am lying.
You've completely ignored my point that people on contributions based benefits get the total sum of ZERO extra per year.
What good is £650 a year if your annual energy bills have doubled?
In my house, my monthly energy bill will be somewhere around £200 per month this coming winter, I actually think it is likely to be a lot more as this is the calculation BEFORE the October price increase.
Let's say for argument's sake that it's £250 per month, and that's being reasonable.
That is already double what I was paying last year!

Now, let's say an extra £125 per month compared to last year.
If I was in receipt of UC and could get the £650, that would still be WAY short of the extra £1500 per year extra I am paying!

It's not rocket science is it? Just simple maths.
The fact cats lose nothing, the poor lose a lot.
It's not lies and I don't appreciate being called a liar by a blatant dyed in the wool Tory that will attempt desperately to defend the quite frankly inexcusable no matter what.

It's not that people will be better off than before the war in Ukraine or rises in energy prices.

The cause of the issue doesn't and hasn't gone away. The point is there is far more support for those on benefits than others, and people will be better off now than what we may have faced this time yesterday.

To say this: "People on benefits will now suffer the most" is fundamentally not true.

[superfeathers]

Re: Energy Prices

I can't understand why some are jumping for joy, were all gonna be paying even more when the new price cap sinks in.At the moment the cap is just under 2 grand so the money awarded to the most needy was based on an out of date cap so how anyone can think we'll be better off is wrong. If your really struggling now this does FA for you.

Im not jumping for joy, but it surely reduces everyones bills from what they could have been. I might be missing something but how does it do FA for people?
PS i am about as far from a tory as you can get.

[superfeathers]

Re: Energy Prices

Its fair to say that the poorest in society will suffer the most. Yes they will get slightly more help, but a doubling of the energy bill per month will hit poorest people more than say a middle income family who can most likely ride it out.

But surely the announcement today is an improvement on what it was.

[Vindec]

Re: Energy Prices

You make a good point and I do think that's the case. Many people though think of the rich as from inherited wealth or big business fat cats. In fact many who have made obscene amounts of money have done it because the likes of you and I are willing to spend our money to support them..be it pop stars, film stars....or football stars.

There is absolutely no point in saying anything remotely positive about the Conservative government on here. Had a Labour government done the same thing there would be widespread appreciation but anything positive done by the Tories will be met with negatives although there are some who maintain a more balanced view.

[Eric the Half a Bee]

Re: Energy Prices

Do we call all government borrowing a loan now? Isn't this what you wanted for the last decade to avoid austerity?

I'm curious that Labour's borrowing during the global economic downturn was described as "reckless" yet all Conservative borrowing, never is.