Energy Prices - are they taking the piss???

No7

Midfield
Standard tariff for me from February when my current deal ends

 


TDalt

Winger
I have been with Octopus and as I have a Hybrid car now. Was great as charging at night was only 5p/kWhr, new rate from February 19.7p thats almost 400% increase.
Day time rate doubling from 15p to 29.5p/kWh.
Gas will increase from 2.76p to 8.31p/kwh Daily stahdard charge up from 17.8p to 26.1p/day.
So basically from around £1100/year to estimate £2400/year.
It also brings the cost of charging and running electric cars to the same as fossil fuel cars, so no insentive anymore!!
Something has to be done or no one will buy electric cars at these costs.
Surely the cost of electric cars has to go up even more for the government to replace fuel and car tax on ICE cars?
 

PTR

Striker
Got an email from Shell today to say my fix ends on 28th Feb. Quite lucky really, means I can do a meter read right at the end of Winter before the prices shoot up - I'll be going onto the fix tarrif of course.
Hopefully by Autumn, the supply crisis will be resolved and prices will fall again.
 

avacado

Midfield
Got an email from Shell today to say my fix ends on 28th Feb. Quite lucky really, means I can do a meter read right at the end of Winter before the prices shoot up - I'll be going onto the fix tarrif of course.
Hopefully by Autumn, the supply crisis will be resolved and prices will fall again.
High for 2 years
 
  • Like
Reactions: PTR

No7

Midfield
Got an email from Shell today to say my fix ends on 28th Feb. Quite lucky really, means I can do a meter read right at the end of Winter before the prices shoot up - I'll be going onto the fix tarrif of course.
Hopefully by Autumn, the supply crisis will be resolved and prices will fall again.

My deal also ends in Feb. Current average annual bill on my current fix is £1400. New quotes are around the £2700 mark. I'm sticking on the standard when it runs out to see where it goes. Current standing charge is going from 14p a day to 44p - that's the sickener for me. I remember when the smart meters started being knocked out, British Gas said they would reduce the standing charge amount as they won't need to pay people to come out and check your readings.
 
  • Like
Reactions: PTR
My deal also ends in Feb. Current average annual bill on my current fix is £1400. New quotes are around the £2700 mark. I'm sticking on the standard when it runs out to see where it goes. Current standing charge is going from 14p a day to 44p - that's the sickener for me. I remember when the smart meters started being knocked out, British Gas said they would reduce the standing charge amount as they won't need to pay people to come out and check your readings.
Urgh on the standing charges, I'm on prepayment meters and the current standing charges are about 32p day. So going on your quote I'm expecting them to shoot up to about 60p a day FFS 😪.
Technically nobody needs to check my readings, they'll know what I'm using (the gas meter is always given the once over when I have my yearly gas safety check and the electric meter cupboard is outside so they can check that whenever they want).
It's all canny worrying tbh, I remember years ago when I had a special deal where I had no standing charges which helped......those days are long gone.
 
Just Googled the standing charge issue:

Your bill is calculated n two parts, the daily standing charge plus the p/kwh for the power used. When comparing deals you have to calculate both parts and you will find that although the standing charge may go up the p/kwh comes down so the overall effect is an increase of maybe 10% to 15%. Some tariffs have much higher standing charges like 40p per day, but low unit costs, this suits people with very high power consumptions because they get their units more cheaply. If you are a low power consumer, eg a holiday home, you will need a low standing charge and high unit costs. The standing charge is these days used as a tariff marketing tool and no longer represents transmission costs alone.

Never knew that.
 

PTR

Striker
My deal also ends in Feb. Current average annual bill on my current fix is £1400. New quotes are around the £2700 mark. I'm sticking on the standard when it runs out to see where it goes. Current standing charge is going from 14p a day to 44p - that's the sickener for me. I remember when the smart meters started being knocked out, British Gas said they would reduce the standing charge amount as they won't need to pay people to come out and check your readings.
There's absolutely no justification for raising standing charges because gas wholesale prices are up.
So in answer to the OP, YES they are taking the piss
 
Just Googled the standing charge issue:

Your bill is calculated n two parts, the daily standing charge plus the p/kwh for the power used. When comparing deals you have to calculate both parts and you will find that although the standing charge may go up the p/kwh comes down so the overall effect is an increase of maybe 10% to 15%. Some tariffs have much higher standing charges like 40p per day, but low unit costs, this suits people with very high power consumptions because they get their units more cheaply. If you are a low power consumer, eg a holiday home, you will need a low standing charge and high unit costs. The standing charge is these days used as a tariff marketing tool and no longer represents transmission costs alone.

Never knew that.
Been like that for a long while
There's absolutely no justification for raising standing charges because gas wholesale prices are up.
So in answer to the OP, YES they are taking the piss
They are part of your tariff they have nothing to do with transmission anymore
 
Last edited:

Darlo1973

Striker
Just Googled the standing charge issue:

Your bill is calculated n two parts, the daily standing charge plus the p/kwh for the power used. When comparing deals you have to calculate both parts and you will find that although the standing charge may go up the p/kwh comes down so the overall effect is an increase of maybe 10% to 15%. Some tariffs have much higher standing charges like 40p per day, but low unit costs, this suits people with very high power consumptions because they get their units more cheaply. If you are a low power consumer, eg a holiday home, you will need a low standing charge and high unit costs. The standing charge is these days used as a tariff marketing tool and no longer represents transmission costs alone.

Never knew that.

I'm currently selling my aunt's home after she died last year. Energy usage is zero as the house is empty but the standing charge is still payable.
 
I'm currently selling my aunt's home after she died last year. Energy usage is zero as the house is empty but the standing charge is still payable.
Yeah even if I stopped using my gas the meter would still rack up the standing charge and that would be classed as debt on the machine (and any subsequent top up would be swallowed by that first before any money would be assigned to the actual fuel usage itself).
 

AndrewP

Striker
Got an email from Shell today to say my fix ends on 28th Feb. Quite lucky really, means I can do a meter read right at the end of Winter before the prices shoot up - I'll be going onto the fix tarrif of course.
Hopefully by Autumn, the supply crisis will be resolved and prices will fall again.
Your eyesight isn't the best these days.;)
 

Top