Rising energy costs
- Thread starter Not a subway
- Start date
Wholesale rates are down, commercial rates are down.
The price cap is set every 3 months, so consumer prices are not affected yet.
The next price cap will be set on 24th November, i think
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Water still flowing and Thames Water said as over 3 foot deep need a specialist team with shoring to make the repair - wont be done until at least end of week. In the meantime my wall has water pooled against it.
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I think I have come to the conclusion that if government help is not enough, then people need to be energy effecient and I don't think people are switched on enough.
My hairdresser;
I recently changed hairdresser and that is pretty irrelevant I suppose, but it saves me £6 per cut. I looked around at this young man's hairdresser and saw all the switches on. He was charging multiple portable items, fan running (it wasn't hot) and he was watching the cricket on a nice shinty TV. He would be making a saving if he was more effeicent with the electric. Mis-ue of a fan? Can't you watch TV at home? And twice I have been in it hasn't been busy, I have been 1 of 2 customers.
One part of family:
I posted about this a few pages back. They have kids and they aren't very well off, in fact they are always asking the family for help. Stupid light features, meals cooked seperate, all swicthes on and so on.
MY energy saving (personally)
Every switch off, oven off straight away, unused radiators off, nothing left charging overnight, shower at gym, charge items at gym etc.
UNless the help from government is sufficient, then I have no idea what will happen and by the looks of this thread we are all divided by that
My hairdresser;
I recently changed hairdresser and that is pretty irrelevant I suppose, but it saves me £6 per cut. I looked around at this young man's hairdresser and saw all the switches on. He was charging multiple portable items, fan running (it wasn't hot) and he was watching the cricket on a nice shinty TV. He would be making a saving if he was more effeicent with the electric. Mis-ue of a fan? Can't you watch TV at home? And twice I have been in it hasn't been busy, I have been 1 of 2 customers.
One part of family:
I posted about this a few pages back. They have kids and they aren't very well off, in fact they are always asking the family for help. Stupid light features, meals cooked seperate, all swicthes on and so on.
MY energy saving (personally)
Every switch off, oven off straight away, unused radiators off, nothing left charging overnight, shower at gym, charge items at gym etc.
UNless the help from government is sufficient, then I have no idea what will happen and by the looks of this thread we are all divided by that
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I would agree with this albeit it understates the scale of the problem and the ability to tackle it for a lot of companies. Unless you have windows open and radiators on in the same room type dumbness (in which case you deserve to go out of business) then most (reasonably) well run establishments would do well to find 20% efficiency savings with a fairly deep dive review into their usage. And that'd be an appreciable saving, naturally. Now what do we do about the fact the bill is going up by 400%? Point insinuated... there are a lot of businesses such as small takeways where switching a few lights off, putting some LEDS in, or turning a TV off... is simply not going to save them from the fact the cost of actually running the cookers etc. has gone up a £1k a week. Playing around with the deckchairs on the titanic would be an apt description. The energy saving thing only applies if the business is still viable, and consequently prudent to look for savings in your now biggest expenses. This applies in our case as now I am turning the business over to find out about everything which draws an amp. A lot though won't even bother to look as it simply isn't viable to even try.
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Go running and / or work out at home. The other stuff might well add up, but most are pence.
It’s the business side of things that’s gonna hit, and hit real bad. Because those same people who work for those businesses, have homes. If those business are no longer viable due to the Great War of energy, then people will lose their jobs.
It’s the business side of things that’s gonna hit, and hit real bad. Because those same people who work for those businesses, have homes. If those business are no longer viable due to the Great War of energy, then people will lose their jobs.
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That's the point lots are missing. Charge your phone at the gym? Have a shower at the gym? There won't be any gyms. The energy costs for those establishments will quadruple by next year, making them unsustainable. All those jobs will go. Pubs? They're all closing if the costs hit the estimated bills. Restaurants? Already starting to close around here, 3 gone in the last few weeks.
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On my drive back from my mothers yesterday, 2 pubs have suddenly sprouted To Let signs and a third was totally boarded up, all this since my trip over there on Sunday. I am at a loss to think what government are actually thinking, do they think its all going to sort itself out, business's after trying to recover from the lockdowns will start to fall like a pack of dominoes within the next few months.
We can make comments on where to charge a phone or take a shower the truth is as mentioned above these establishments will cease to exist along with an unprecedented amount of jobs. I don't like to be a doom monger but its really is not looking great.
Be interesting to see how long the current favourite for PM lasts can't see it being long into the New Year before they are replacing her.
No new tax's ........lets wait and see
We can make comments on where to charge a phone or take a shower the truth is as mentioned above these establishments will cease to exist along with an unprecedented amount of jobs. I don't like to be a doom monger but its really is not looking great.
Be interesting to see how long the current favourite for PM lasts can't see it being long into the New Year before they are replacing her.
No new tax's ........lets wait and see
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Politically, and to some extent commercially, domestic and commercial energy are different animals.
Most of the talk currently seems to be about cash-back for domestic customers, which leaves commercial high and dry (and which will fuel inflation)
Personally I see cash-back as a dreadful answer - not least because after 2 years of lockdown we have become alarmingly accustomed to hand-out to the extent that they are now taken as an automatic right.
Bearing in mind that this is a result of war, there is a strong case for direct Government; whether that takes the form of temporary nationalisation or some arm-twisted 'collaboration' between Government & providers.
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Are wholesale fwd prices down because of the number of EU countries who announced they had nearly filled their strategic gas storage or for some other reason ?
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European gas storage is on target to be 80% full by 1st November, which has meant that the Germans are buying less, easing the short term price. The mid-term prices have not moved as much.
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Yep. Not forgetting the tax & NI from those who worked there. Plus whatever those workers spent their wages on in the economy, fuel duty from the commutes etc.
They’ve cluster-f@cked themselves into a world of pain!
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Also, on another note, I think the government will throw taxpayer money at supermarkets and 'essential' retailers. Anything like pubs, gyms, fashion shops will all go and they'll use the same rules as trialled during covid.
They can just blame the war, pin all the cost on the taxpayer until they tip the bath over and drown us all in permanent debt.
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This whole sorry mess seems to have been the main topic of conversation not just in this house today but when chatting to neighbours as well. The consensus overwhelmingly was any action government take in the next week could be too late (in fact the majority thought they had no real plan) not enough help especially for business's there are some very worried people just in my street, they made it through covid and now think everything they worked for could be disappearing before their very eye's. lets hope there is a grand plan or its going to be a blood bath out there.
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This is where I am never quite sure if they're a) disorganised b) completely unaware of the impending doom c) have a plan but it's so bad that nobody will go for it until it's too late to do anything else
Everyone can rest assured, whatever is coming, it's going to be truly awful for the middle and lower classes. It's going to obliterate them. Already much talk of scrapping 48 hour working week protection and a bonfire of worker rights and safeguards to make the UK 'more competitive' - with who? Thailand? At least they have sunshine to look forward to while working for £1.09 per hour!
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- Original Poster
- #312
The true middle classes will be absolutely fine.
Working class people who have overstretched themselves (new build home, 3 cars in drive) will be hit the hardest.
The general public doesn't seem to understand that middle class means white collar. Doctor, dentist, law profession, account, academic etc.
These people will be fine.
Working class people who have built a business or are tradesmen will be hit really hard.
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I disagree, the middle class will be the main target for new taxation, most working class people do not truly contribute positively to the tax collection, even though it feels they do. The middle class as you refer to them are a dying breed, they will be reduced back down to working class over the next decade or two.
The rich, as ever will become even wealthier, the wealth gap will increase even further. Some things never change.
The working class have never had so little, and will have even less, but it’s getting too the point of most not caring regarding debt anymore, since most have no way of avoiding it.
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Not so sure about that. A lot of middle class live an aspirational lifestyle - they won't be able to afford the luxuries they current enjoy. Plus a lot of them have huge mortgages.
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- Original Poster
- #315
Who will study for 10-12 years to enter any of these professions if they are going to be no better off than someone who stacks shelves in a supermarket?
Do you think Military officers along with high ranking members of the police will just sit by and watch their pensions or income get eroded by taxation?
I do agree that the working classes have it really bad now. There seems to be no way out and as you mentioned, they don't seem too bothered about debt and bills because if they don't physically have the funds then they can't pay.
All hail UBI, the embedded microchip and surveillance state.
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