AshVilla Posted September 6, 2022 Share Posted September 6, 2022 (edited) So price cap to go up to £2500 and be frozen till 2024. That's not a freeze at the current £1971 rate that some were reporting. Disappointing. Edited September 6, 2022 by AshVilla Link to comment Share on other sites More sharing options...
Genie Posted September 6, 2022 Author Share Posted September 6, 2022 3 minutes ago, AshVilla said: So price cap to go up to £2500 and be frozen till 2024. That's not the current £1971 rate? Disappointing. Where is that reported please? Link to comment Share on other sites More sharing options...
AshVilla Posted September 6, 2022 Share Posted September 6, 2022 1 minute ago, Genie said: Where is that reported please? 1 Link to comment Share on other sites More sharing options...
Davkaus Posted September 6, 2022 Share Posted September 6, 2022 Paid for by borrowing. So the state is taking on more debt to fund the profits of the energy companies. Marvellous. Usually there are at least a few extra steps of obfuscation before shovelling taxpayer money into private profits. 4 Link to comment Share on other sites More sharing options...
Genie Posted September 6, 2022 Author Share Posted September 6, 2022 10 minutes ago, Davkaus said: Paid for by borrowing. So the state is taking on more debt to fund the profits of the energy companies. Marvellous. Usually there are at least a few extra steps of obfuscation before shovelling taxpayer money into private profits. The news will no doubt spark the creation of a load of “energy companies” sprouting up with addresses of 2 bed-semis in places like Swindon. 1 Link to comment Share on other sites More sharing options...
bannedfromHandV Posted September 6, 2022 Share Posted September 6, 2022 (edited) I believe Michelle Money has just setup at least three ‘energy companies’…….. Edited September 6, 2022 by bannedfromHandV Link to comment Share on other sites More sharing options...
AshVilla Posted September 6, 2022 Share Posted September 6, 2022 The right thing to do would have been freeze the cap at £1971 and let people keep the 400 pound so bills would be under 1500 pound technically with also the green energy levy gone. Instead they are letting the cap increase 27% from £1971 to 2500 but what happens when that 400 pound runs out next April or whenever it is? Link to comment Share on other sites More sharing options...
ender4 Posted September 6, 2022 Share Posted September 6, 2022 (edited) 8 minutes ago, AshVilla said: The right thing to do would have been freeze the cap at £1971 and let people keep the 400 pound so bills would be under 1500 pound technically with also the green energy levy gone. Instead they are letting the cap increase 27% from £1971 to 2500 but what happens when that 400 pound runs out next April or whenever it is? It'll be spring and they don't really need to think about it until winter 2023 by which time there might be a different Prime Minister so they can deal with it. But seriously, £2,500 price cap plus £400 rebate seems ok. Better than what the price cap was going to be in 3 weeks time and much much better than market price in January. Also with the probable NI tax cut, possible VAT cut to come, that will assist with energy bills. Edited September 6, 2022 by ender4 1 Link to comment Share on other sites More sharing options...
Jareth Posted September 6, 2022 Share Posted September 6, 2022 Energy companies absolutely loving it - sell the same amount of energy at double the price with guaranteed payment for the extra they are selling. Link to comment Share on other sites More sharing options...
blandy Posted September 6, 2022 Moderator Share Posted September 6, 2022 11 minutes ago, Jareth said: Energy companies absolutely loving it - sell the same amount of energy at double the price with guaranteed payment for the extra they are selling. Although they have to buy the energy in at much higher prices, so they're not really loving it. Then they've got the people who can't or won't pay, which hits them (and us). The ones loving it are the ones who dig the gas and oil and are selling it into the European market at huge margins, for no extra costs to them. 1 Link to comment Share on other sites More sharing options...
bickster Posted September 6, 2022 Moderator Share Posted September 6, 2022 Link to comment Share on other sites More sharing options...
foreveryoung Posted September 6, 2022 Share Posted September 6, 2022 It'll cost us 100 billion. Where's that coming from? Link to comment Share on other sites More sharing options...
bickster Posted September 6, 2022 Moderator Share Posted September 6, 2022 2 minutes ago, foreveryoung said: It'll cost us 100 billion. Where's that coming from? Me, you, the bloke next door. We'll be paying it off as an additional charge on our bills for the next 20 years Shoukd prove popular with the masses… er not 1 Link to comment Share on other sites More sharing options...
Brumstopdogs Posted September 6, 2022 Share Posted September 6, 2022 21 minutes ago, foreveryoung said: It'll cost us 100 billion. Where's that coming from? 1 Link to comment Share on other sites More sharing options...
Xela Posted September 6, 2022 Share Posted September 6, 2022 29 minutes ago, bickster said: Me, you, the bloke next door. We'll be paying it off as an additional charge on our bills for the next 20 years I only plan to live for 10 more years so the jokes on them! 2 Link to comment Share on other sites More sharing options...
sidcow Posted September 6, 2022 VT Supporter Share Posted September 6, 2022 5 minutes ago, Xela said: I only plan to live for 10 more years so the jokes on them! I'm thinking about topping myself next year just to spite them. That'll teach them! 2 Link to comment Share on other sites More sharing options...
Popular Post Xela Posted September 6, 2022 Popular Post Share Posted September 6, 2022 1 minute ago, sidcow said: I'm thinking about topping myself next year just to spite them. That'll teach them! Just don't electrocute yourself - think of the bill your family will have! 6 Link to comment Share on other sites More sharing options...
foreveryoung Posted September 6, 2022 Share Posted September 6, 2022 40 minutes ago, bickster said: Me, you, the bloke next door. We'll be paying it off as an additional charge on our bills for the next 20 years Shoukd prove popular with the masses… er not Why did Labour have to sell off our gold and nearly bankrupt us in the last recession, if all we have to do is borrow?? Link to comment Share on other sites More sharing options...
bickster Posted September 6, 2022 Moderator Share Posted September 6, 2022 10 minutes ago, foreveryoung said: Why did Labour have to sell off our gold and nearly bankrupt us in the last recession, if all we have to do is borrow?? Labour didn’t sell off all the gold in the last recession. That is just not even close to accurate, amazing how it’s a line you often hear from Tory MPs talking shite and repeated in the media Brown sold off the gold at he bottom of the gold market. If we were in recession, it wouldn’t have been the bottom of the gold market. Half the Gold in reserves was sold between 1999 and 2002. The recession was some 6 years later Please check the facts… pretty please 1 Link to comment Share on other sites More sharing options...
foreveryoung Posted September 6, 2022 Share Posted September 6, 2022 17 minutes ago, bickster said: Labour didn’t sell off all the gold in the last recession. That is just not even close to accurate, amazing how it’s a line you often hear from Tory MPs talking shite and repeated in the media Brown sold off the gold at he bottom of the gold market. If we were in recession, it wouldn’t have been the bottom of the gold market. Half the Gold in reserves was sold between 1999 and 2002. The recession was some 6 years later Please check the facts… pretty please I kinda asked the question, you answered it, thanks. Link to comment Share on other sites More sharing options...
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