A follow on thread from the petrol one below but there's big budget busting price rises happening either now, or soon.

I did some maths today. When my fixed price deal runs out soon and I get thrown to the wolves, my gas price will go up 70% and my electric price will go up 20%. Leaving me with £565 more to find a year.

But this won't be just me - and, what can you do?

This https://m.youtube.com/watch?v=v5p-YQkbe_s

think we have seen nothing yet. electric prices will eventually go through the roof with just supply and demand. thanks to the greenies there will be more so called green expensive power plants around which have to be paid for on top of the government having to claw money from somewhere else with fuel sales at the pumps dropping.

Utility bills n Council Tax should be capped for at least 5 years.
But we live in a corrupt country were the shirt n tie burglars have a license to get rich quick at the expense of the mostly low paid workers who after this out of control Inflation n rising Taxes are getting poorer by the month.

I really dont understand why the supply to domestic customers is now in the hands of a private cartel of 6. This price increase has destroyed the small suppliers who could have been seen as real competition. I just dont see now what it adds the efficiency or effectiveness in terms of completion.
And yes this can be looked at as a political statement but surely this is something that should be in state hands.
The current changes with rail (GBR) is the nearest thing you can get to nationalisation and from a conservative government.

[quote="Bluestreak"]I really dont understand why the supply to domestic customers is now in the hands of a private cartel of 6. This price increase has destroyed the small suppliers who could have been seen as real competition. I just dont see now what it adds the efficiency or effectiveness in terms of completion.
And yes this can be looked at as a political statement but surely this is something that should be in state hands.

it was never about competition in the first place. de nationalisation was always about the few getting richer on the backs of the majority. competition in public transport really did work but only for those who never use it or has an old gits free pass.

I put my meter readings in last night & my monthly DD increased by £46.
Considering we've just had our summer,god knows what it'll be in the winter plus I'm on a capped rate.

The 'Big 6' energy suppliers have rafts of contracts to buy wholesale electricity that cover a number of years out so are less effected by short term price spikes. New entrants buy on much shorter terms deals. When wholesale prices fall they can undercut the Big 6 and provide considerable savings for those willing to shop around. When wholesale prices rise the new entrants can't buy energy at the price they've agreed to sell to customers so go bust. It has happened ever since domestic customers could shop around (1998). This time around the rise in wholesale gas prices has been so steep that lots of them are going bust. The issue is the whether the wholesale market is fit for purpose and the lack of effective regulation to ensure that can companies have sufficient contract cover or financial reserves to meet their obligations to customers. Offer/Ofgem have been totally useless since the energy industries were privatised and have prioritised energy companies over interests of customers at every step of the way.

I was bit baffled by the company who went bust who supplied only renewable electricity blaming their collapse on the increase in the price of gas.

Wind speed was low so wind didn't produce enough to meet their supply needs and they had to buy their additional requirements from gas fired stations. Buying green energy is a bit of a con, mostly its nothing more than a paper trail.

I think buying ‘green energy’ is a financially illiterate, as it’s once again the gullible buying a face saving option to soothe their conscience and of course make them feel smug. Actually they’re buying a label and anyone dumb enough to pay more for their energy, values appearance over financial common sense

Corbyn is calling for the minimum wage to be raised to £15 a hour at the backstabbers ball in Brighton.Starmer is looking at a tenner..that just leaves Diane Abbott to have a spin on the wheel.

Some of our town pubs gone inflation crazy on the pint prices.
No wonder the Brass Monkeys is always rammed.

Nice pint at a resonable price = more customers.
UTP.

£15 an hour is all very nice, but someone’s gonna pay for it. Slimming down the workforce may become the norm for businesses as putting up prices is the only other unlikely option.

The Rat Race at the station opens on 14th October for customers with 2 x jabs.
Always popular after matches.

Me granny used to say "one man's pay rise is another man's price rise".
I love it when momentum call for £600 per week as the minimum wage for a 40 hour week and Dianne Abbott wants statutory sick pay to be raised to the minimum wage, whilst advocating that pensioners who's basic state pension is around £180 per week should have to pay national insurance.
Pay pensioners the minimum wage or even the national average wage and we'll all queue up to pay the going national insurance rate.
Can you imagine people breaking their necks to get to work when they can get £600 per week for signing off sick and having a lie in. Why not let people on the dole get £600 per week as well. Surely we can't leave them out, the poor buggers.
All that and Mr Gloves idea that all utility prices and council tax be capped for at least five years and we would all be in clover.........well at least until the bill arrives to pay for all this new found wealth.
Who wants to be a premiership footballer when everything is handed to you on a plate.
I would like to go further.
The state should pay for a new car for every family every three years, holiday vouchers to the value of £2000 per head be supplied to every citizen over 18 each year and half that to the under 18's ( aw bollocks, why be discriminatory, give them two grand as well), tax free petrol and diesel, tax free alcohol, free housing and more. Once all that is established as the norm we'll look at reducing other cost burdens on a regular basis. I am working on a project to provide free food for everyone as well.
Can I have your vote please.

40% of employees are on Universal Credit, make the the employers pay a real wage and take away the burden from the taxpayers.

40%...where did you get that figure from....?

You certainly can

£600 a week for a 40 hour week at McDonalds and a Mcflurry thrown in at the end of a shift doesn't appeal to you then snowy?

Pass on that,.... by the way, glad to hear you’re back wearing men’s clothes again. Fight the urge.

pit up the minimum pay for everyone to 600 quid a week. they,d need it to pay for everything else that would double overnight. heaven help us if these lunatics run the asylum. things are bad enough as it is. just imagine what extra bullshit restrictions they,d have brought in during the last 18 months. the labour party love stuff like that which is a reason people have deserted them and trust em less even than the tories.

Aye you're right. The highlight of Starmer's speech yesterday was when he said his father was a tool maker..............he can say that again.

and they threw out the wrong thing at his birth. a real example that blokes need to get the chop at the first available opportunity.

The employment rate has increased for all people on Universal Credit to 40% (2.3 million) on 10 June 2021 from 36% (2.0 million) on 11 June 2020. The increase in the employment rate, and that it is higher than the rate before the coronavirus pandemic, should not be interpreted as more employment.Aug 17, 2021.

https://www.gov.uk/government/statistic ... -july-2021

The wasn’t enough wind to generate renewable electricity so the gas powered stations had to increase their output meaning the company could not afford the increased price of electricity caused by the increase in the gas price needed to power the gas powered generation stations.
Wind Power is great when it’s windy, if not it’s a waste of space, they should have invested more in tidal power as that’s always going to be there.

I was told earlier, I know, I was laughing at the irony.

Bills forecast to go up again by £400 on April 1st.
Must be plenty of the older generation thinki twice about takeing early retirement.

its milder in bournemouth and the south east so they will be fine. at least those already retired in colder areas will have thick socks and heavy overcoats to wear inside as well as outside.

Well since this morning the new estimate rise has gone up between 600 n 800 quid for next year.
CEOs paying themselves monster pay rises.
Can see football crowds dropping off next season as the majority of workers will be living of the bones of there arses.
UTP.

True, i only stopped wearing my flip flops last week.

Have any of the bunker International Jet set booked a winter sunshine break? I see our beer belly crowd are already enjoying the costas sunshine.

Still got me shorts on, might have a rethink when the clocks change though

Has Martin Lewis figured out how we can save a couple of quid on the bill?

I reckon this is a ploy to raise gas prices to equal electricity prices as they won’t be making gas boilers after 2025.
Also, as 60% of our gas still comes from the North Sea, why the need to increase the price to customers for that share of the total gas useage, their production costs won’t be affected...now call me a cynic........ but......

Its simply a message from Putin that he owns the European economy and can shut it down at any time. To give us the warning in September is very generous of him. He could have done it in January.

The Germans are rather dependent on Russian gas too. What was she thinking.

This

If the Tories had kept hold of the U.K. North Sea assets like Norway did instead of selling them off for short term gains we wouldn’t be being held too ransom now and have huge fund like Norway.

Nice theory, but production from UK North Sea oilfields peaked around 2000 - when New Labour had already been in power for several years. The UK remained a net exporter of oil and gas till 2004-5, when our own consumption began to exceed what was being produced.

Successive UK governments made a number of mistakes, including spending the revenues as fast as they were made (New Labour) or giving them away in tax breaks (the Tories). No party in government made a serious attempt to emulate Norway and create a wealth fund for future generations.

The UK still owns all UK reserves and licences field by field. The royalty gas producers pay should increase massively due to the windfall profits they will all be making. Gas producers are keeping very quiet at the moment, I wonder why. The mistake Labour/Blair made (and to some lesser extent the Tories) was to promote the dash for gas in power generation, waste North Sea reserves and close coal mines and power stations. When the electricity industry was privatised the regulator required coal stations to hold 6 months worth of coal as stocks. The UK gas holding stock capability (not actual stocks) amounts to less than a week. Germany has 16/17 weeks worth of gas storage capability. No bias against coal there then. Blair is the most culpable in my eyes.

A confident grin and a black belt on the judo mat..thats all i really know about him from photo's?