£1.86 a month raise - are you REALLY only using eighteen quid a month in fuel ??? can I live at your house please ?

 

errr ...🤷‍♂️

Yeah?...

Been between £12 to £22pm this year, depending on the month. £19 last month.

 

Mines going from 48 to 54. Wish it was 10% of the total bill!

 

Donald obviously means that 48p/day is 10% of his total bill.

That is a 14% increase which is pretty staggering, especially given how energy prices have been falling recently and putting the standing charges up doesn't encourage energy efficiency or do anything useful, it just makes everyone poorer in a very regressive way.

 

They have increased the standing charges on Tracker and Agile as they have not changed for a long time and lagging. Now more people are on the tariffs I guess they can't stomach the loss they are making on the SC. At the end of the day, those on Tracker and Agile have had a good run, and made plenty of savings compared to folk stuck on SVR. Its a bit like when GO rates went from 5p to 7.5p and loads of people got to stay on the 5p rate for another year and I didn't. I was p*ssed, but at the end of the day, the 7.5p rate still saved me a load of money.

 

I need to look at the formula to see how that's changed however estimated ~2p/kWh estimated increase with 5p-ish on standing charge. Given the savings I've seen over the last year this is buttons.

It's fixed for a year and I doubt very much anything on the market would even come close, even with a very niche usage pattern.

 

Has donald any hope of finding a supplier who will beat 48p? The price cap is 53p.

 

Yeah, I am now figuring this out. Most others on quotes are also at the 47p (I guess that is the 53 with VAT, I'd left that off).

Oh well.

Why must they screw us because that is the cap? 'Because they can', I guess you'll say.

 

The daily charge does massively affect the end bill for many. This is my bill for last month and it's a third of my bill.

 

I miss my 4.5p/kWh from 8:30PM. ;(

My Nov/Dec '22;

My Nov/Dec '23;

Doubled!

 

Doubled

To be fair, the 2022 Go prices at 5p/13p were bonkers cheap, especially when they extended them for a year because somebody forgot to send the email!

 

My Tracker standing charge is going up to 45.56p which is still good (in comparison). Be interesting to see what the new Tracker calculation looks like - they have sent several pages of detail about the change which surprisingly excludes the most crucial bit!

 

Depends where you are? Some are only going up a bit and some quite a lot.

 

My Octopus Agile standing charge going up by 22%....

 

My Octopus Agile standing charge going up by 22%....

I guess I'll count myself 'lucky'!

 

They have increased the standing charges on Tracker and Agile as they have not changed for a long time and lagging. Now more people are on the tariffs I guess they can't stomach the loss they are making on the SC. At the end of the day, those on Tracker and Agile have had a good run, and made plenty of savings compared to folk stuck on SVR. Its a bit like when GO rates went from 5p to 7.5p and loads of people got to stay on the 5p rate for another year and I didn't. I was p*ssed, but at the end of the day, the 7.5p rate still saved me a load of money.

Yes, this is a 'end of the nickel coke' moment. The standing charge and tracker 'adder' we held for a long time even as the costs those were supposed to cover increased markedly. This makes the change quite a shock. The 'multiplier' which is what relates to the actual energy cost isn't changing.

I think the Tracker calculation is the same for everyone. It is only the standing charge which varies by region (at least, I think it is..!?)

I can't remember if the tracker 'multiplier' is constant; however, the 'adder', which covers variable costs for network, CfDs, etc does vary by region as those costs vary by region.

 

If you're mad about £1.80 extra over a month I am incredibly happy i'm not in your shoes. Wow

 

True, very true. It is exactly what I say to people here when they have a one-off minor cost.

Thing is, this isn't a one-off and is a reflection of a relentless extreme increase in prices. That prices go up. OK, get that. That there are one-off costs, OK, get that.

But, both? This is just a big reminder that as consumers we are subject to non-voluntary 20% price increases, at seemingly random intervals.

Financial planning goes out of the window. Fair enough just over £20 a year, maybe, doesn't sound alot unless you have £1 disposable income per year, that's 2 years worth, and I have lower disposable income than that, these days. Mainly, thanks to mortgage. £20 extra here, then there, then there, then ... if this was the last price increase on something I was going to see this year, I'd be content.

 

There's been a, recently closed, consultation on the standing charge.
Standing Charges: Call for Input (ofgem.gov.uk)
Standing charges – call for input | Ofgem

 

48p standing charge after an increase. I'm 57.33p before any increases. I'd settle for making standing charge and unit rate the same nationally for each tariff. I really dislike regional pricing.

That said, standing charge was 32% of my bill last month. Dec/Jan are my highest consumption months. In summer the standing charge will be a huge chunk of the bill.

 

That is a reasonable starting point. Though it does make resource allocation less efficient, so you need to be getting something else that is worth it. In the current setup it would, in some combination, starve investment in critical areas and provide obscene profits to others. Of course you can get around that by having a transfer mechanism to move money between each DNO region (tax and credit scheme for example), or force a single DNO. Of course nothing comes for free in those either.