I received an email today from Green informing me of a price hike of £425 per year starting next month.
I did a price comparison check and nothing comes close - they were all £118+.
I knew prices were going up but that's quite a hike just before winter.
Anyone else suffered a similar rise?
Last edited by Onelasttime; 31st August 2021 at 17:26.
Yes indeed, more with the huge hikes than without. There have been numerous warnings about the inevitable increase, but I didn't expect it to be quite such an enormous % upwards.
This is going to hit an awful lot of people extremely hard.
Yep, a big increase. So my strategy has been to go for a fix with a low exit penalty. So hedge against more increases but the option to bail if prices fall, surely only a matter of time before the regulator gets pressured into re-looking at this.
At exactly the wrong time wth winter on the way and furlough ending.Originally Posted by hughtrimble
That said, I spoke to my brother in Sweden at the weekend and he's currently having a mare after a thunderbolt hit a local pylon and caused a surge, taking out his air source heating system and his TV. The heating engineers are currently on their 8th part replacement, the bill is £9000 and still not fixed. Insurance is only paying 60% towards the cost. I learned that he pays £600 per month for electricity. No one uses gas over there. I know wages are higher and the standard of living is generally higher, but bloody hell …
Yup mines going up as well by approx £200. Currently with Octopus and can't decide to go for their flexible tariff, which I can come out of at any time with no penalties, or go for a their slightly more expensive fixed tariff for 24 months.
Time to shop around me thinks. Cost for avg house in 2019 was £216/m according to swedish ONS. or £0.13 per kw/h incl grid fee &, taxes.
Last edited by Ax; 1st September 2021 at 08:52. Reason: wording..
I had a good price with Eon over last year, I've been hit this time when renewing, cheapest search which I've gone for is an increase of £250 from last year
Not sue if it is because the new owners of Asda owns a lot of petrol forecourts but all the supermarkets have stopped discounting fuel as well.
Bulb seem to think I’ll be paying an additional £3.63 per week which I thought was crazy initially. From reading the comments here though it sounds like it’s in line with everyone else.
my DD for gaz & leccy has gone up, from £31 a month to £38; with Avro Energy.. I searched on compare the market, and when you include the suppliers/tariffs that they can't switch you to, Avro still worked out best, for me anyway.. One big racket I think..
I’ve got to ask, is there a typo with your figures? I was paying more than that as a single guy living alone 20 years ago.
It's possible. Insulation on (some) new builds is exceptional. I pay £130 a month for my Victorian pile, my friend across town in a larger 3 yr old house pays £70. Even accounting for temperature preferences, that's a heck of a difference.
I nearly started a thread on this the other day. I too had heard of the rises and only now as my current fixed deal is expiring in 3 weeks, I can’t find anything less than a 50% increase. Paying £125 per month and after spending an hour or so using all the different comparison sites and also a few obscure names directly, the cheapest I can get is £186 per month and even that is not letting me accept on-line due to demand. An extra £750 a year is a big hit.
I can see your point if his property uses gas central heating and he doesn’t turn it on but what about his electric? Even with minimal use he’s still going to have items pulling energy 24 hours a day. Pretty much all kitchen appliances are connected 24 hours a day, even when not in use. More so with smart homes.
sorry - only just seen your reply and queries..
no typo - I was paying £31 a month for both gas & leccy, gone up v recently to £38 with Avro. I think they only have one tariff.. I'm £260 in credit at the moment with them.
I live in a small terrace house, just me & 2 cats..
House was renovated 2 years ago - new gas central heating (never had c /heating before!), wt Bosch boiler. new d/glazing & every wall and ceiling was re plastered. Ceilings were quite bad so had plasterboard as well, the kitchen also needed boarding before plastering. Loft was relagged and boarded. The house seems to retain the heat which is good but not so good when we have hot weather and I have to have a fan on all night.
I have no tumble dryer and do not do any ironing & I've got a dishwasher but have never used it..
I'm on a water meter - and pay £11 a month! my cousin in comparison in Newton Abbot, pays nearly £80 a month just for her water but that is in a large Edwardian town house with her daughter & 2 kids living in the basement flat..
Last edited by bry nylon; 2nd September 2021 at 06:41.
^ Good effort on the low monthly bills and using good insulation rather than excessive heating. In my 2nd home, a large old tenement flat, which I use 5 days out of 7, my monthly DD is £28 and I'm also in credit - I only put the heating on when it goes below 12c. I prefer the cold, and I'm sure it's healthier.
I’m going to show this to my kids so they know that our usage isn’t normal. I’m forever telling them to take their electronics off charge when they are full, stop leaving lights on, stop leaving the tv on when they are both on their phone etc etc. My 10yr old boy is quite happy to sit around the house in his pants and then moans it’s cold when I open the windows to leave fresh air in
Couldn't be bothered with all the checking prices thing so we go through 'Look After My Bills'. Was a bit sceptical but seems to work. We were with Peoples Energy until a month or so ago, now they've switched us to 'green'.
Started out with nothing. Still have most of it left.
I was was with Avro last year on a fixed rate deal for gas and electric for £90 a month. Cheapest with them now is £132 for the same usage which I have gone for. At least there are no exit fees but its a big increase.
I did go on all the comparison sites BTW beforehand.
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I was with Octopus Energy and my tariff was ending in early September. My previous annual cost was £1,400 (gas & electricity) and moving to their cheapest available tariff it was predicting that my future annual cost would be £2,080.
Having used Martin Lewis Cheap Energy Club comparison site I got this down to £1,800.
I did a quick check of my current deal (to Spring 2022) vs new ones and it is an 18% increase.
Our gas and electric is £78.00 with eon.
Inspired by this thread, I thought I'd look into my Situation. I'm currently paying £107 per month for gas and electric, with EDF on standard variable rate. To fix for 3 years it's an increase to £133 per month or 24%!
HOWEVER - the cost of the unit rates are less on the new fixed tariff and the standing charges are the same. Why is the monthly estimate so much higher?
I find that surprising too, as the monthly cost is just a formula based on: #units * unit price * conversion factor (which will be unchanged) + #days * standing charge (all + vat). Are you sure the unit and daily charges are unchanged?
I’ve notice the same thing with my EDF tariff, standard one on offer is actually slightly cheaper than the fixed ones on offer. But I think the standard one is set to go through the roof, I.e current prices shown are pre price rise, whereas the fixed ones won’t be hit. Mine also going up from £85 to at least £130
Am I the winner? The very inappropriately named Outfox the Market want to put my dual fuel deal up by 47.6%!!!!
Last edited by David_D; 10th September 2021 at 11:50.
Wowzers……..
Not sure what to do here. We are on a variable rate with octopus and out of contract. I called to enquire about fixing and inevitably it’s more expensive.
To fix on their best rate for 2 years we would be looking at the below change:
- Electricity increasing from 17.87 per kWh to 20.75.
- Gas increasing from 2.88 per kWh to 4.95.
I have no idea if prices will increase above the 2 year fix rate and as such if it’s worth taking it out.
Any insight appreciated!
Cheers
Stu
I'm on a variable tariff and my electricity is going up but not by a huge amount, circa 9% increase annually.
I guess the tariff was expensive in the first place.
You can get much better rates for gas than that. I just fixed my gas supply with Ovo at 3.82p/ kWh. For electric I am moving to the Octopus Go tariff which is electric only and 15.9p /kWh daytime but with 25p standing charge
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Not even close - Shell Energy wanted to increase my DD from £86 (expiring fixed rate, currently £145 in credit) to £159 new fixed rate...?!!
Wondering if I made the right decision in switching to AVRO ... they took the first direct debit today.
"Well they would say that ... wouldn't they!"
I've always had DDs taken prior to my supply switching over?
Wow! That’s staggering.
I am also with Green and received a similar message. On checking through the Cheap Energy Club, Green still appear to be the best value for me.
I might start investing in extra jumpers and socks to keep me warmer :)
Might be time to invest in solar panals to offset the cost. I would consider it if I wasn't thinking of moving in the next couple of years.
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I used three online price comparators today and none of their recommended suppliers showed any significant savings compared to existing OVO forecast ... A friend then suggested AVRO which none of the price comparators mentioned ... I keyed in my forecast usage based on last 12 months usage and AVRO estimate is £108 cheaper per year ... so I have switched to AVRO ... effective 22 Sept . Now await the usual 'please stay with us' email from existing supplier OVO. The price comparators' figures likely include their commission ... so maybe best to get a quote direct from the energy companies ... provided you have your 12 month usage figures
"Well they would say that ... wouldn't they!"
After your tip-off, I've just checked them out too. They do indeed appear to be over £100 cheaper per year than the price comparison site options, and you're quite right that they're not on the ones I checked.
I'm still trying to get through to my current supplier, as they do have other tariffs available for new customers, but I can't find any info on what I can switch to in my account despite being variable and no exit fees.
Thanks for the heads up, I've just done same to AVRO moving from Shell Energy after my fix ended this month. Quite an eye opening price hike across all the suppliers but good to see AVRO have no exit fees should prices drop in a few months time.
Well, even searching around on comparison sites my annual bill has gone up by £600!!
However, having spent the last 18 months working from home with 2 teenage boys using the bath and shower like it’s going out of fashion, various TV’s and computers on throughout the day - and a long cold winter followed by a rubbish summer - I’m just putting it down to circumstances and mentally offsetting it against all the diesel I’ve saved!
To put it into context we live in a fairly modern detached 6 bed 3 story house, one of my sons has Down’s and a heart condition so needs to keep warm. Prior to the pandemic my eldest was at University and I had no need for a home office so I’m effectively hearing the top floor when I didn’t bother the year before. We have a modern heating system and boiler, but it’s my electricity that seems to have pushed the increase.
Anyone thinking of changing to led lighting, I’d suggest it’s barely worth the effort if you want to save money, I changed lots last year and it doesn’t seem to have helped!!
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No pool or hot tub, we do have 2 EVs but that only explains some of it. Electric usage has gradually increased from 7000 kWh in 2016 to 14500 this year. Gas usage has been pretty stable in the 34-42000 kWh band over the last 5 years.
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Last edited by stuie-t; 6th September 2021 at 10:27.
The gas is pretty extraordinary too though, or do you think you know what's causing that?
It’s a big volume to heat- 200+ Sqm and high ceilings, solid brick walls. There is always someone home so no period when the heating is off during the day. I have reduced the thermostat temperature to 20.5 from 21 which has brought usage down a bit.
The boiler is a pretty efficient Worcester Bosch thing but a 42kw one as is needed for the heating demand.
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"Well they would say that ... wouldn't they!"
With that level of gas bills, it would be a worthwhile investment to get underfloor heating put in rather than spending a fortune to mainly heat your ceiling with radiators?
I don’t think you would ever recoup the investment. After shopping around a bit I can get the gas bill down to about £1400 per annum, to strip out the existing heating system with 17 radiators and replace with underfloor heating would be very expensive for the system alone even before considering making good the walls, replacement floor coverings etc.
Agreed the foot of air directly below the ceiling is appreciably warmer. I expect the top floor landings particularly so since that’s the highest point. Maybe a ceiling fan there to circulate the air a bit would help?
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Ours is a 6 bed detached house - similar situation with somebody at home all the time, my wife and I and 2 teenage lads (one of whom is disabled so we keep the house warm at about 20c and the washing machine is on every day) but our gas usage is half that. House was built in 2000, wet underfloor heating that stays on a constant 20c throughout the winter, and all we have gas wise is the hot water and heating. We even have an outbuilding/play room for our youngest and that has been heated by a couple of gas wall heaters for a few hours a day for the last year. Plus our 20 year old seems to have become semi aquatic with his love of showers. So that level of usage is a bit of a shocker tbh, made me feel a bit better about our heating costs though!
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I am on agile with octopus that has gone through the roof recently.
I only have electric and they have offered the following 24 month fixed if anyone is interested
Standing charge (24.3)p
Unit per kw 19.73p
That seems about the best in recent price hike.
Last edited by Middo; 8th September 2021 at 15:37.
I have been looking at the Octopus Go tariff for electricity as it looks competitive at the moment but who knows if it will stay that way.
Standing charge 25p
Per kw 15.9p
Per kw (EV charging rate 00:30-4:30) 5p
Their current variable gas rates are also good but the fixed rates are horrible (26.59p standing charge, 5.08p per kw)
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