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Post by northwestman on Jul 27, 2022 14:38:56 GMT 1
UK households could see their energy bills hit £500 for a single month by next year as Putin’s latest gas supply cuts drive up prices across Europe, analysts have warned.
A new report from BFY Group predicts that the energy price cap will rise to £3,420 at the next increase in October before surging to £3,850 in the first quarter of 2023.
That means average bills for January alone are likely to be above £500.
The predictions are even more bleak than recent analysis from Cornwall Insight, which said the energy price cap will hit £3,363 for the first quarter.
However, those figures came before the Kremlin slashed gas supplies to Europe even further, driving up prices and fuelling fears of shortages this winter.
Gemma Berwick, senior consultant at BFY, said: “Huge swathes of the British public aren't going to be able to afford their bills this winter. Average families with two working parents will be in fuel poverty.”
Daily Telegraph.
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Post by block12massive on Jul 27, 2022 14:42:00 GMT 1
Does the fearmongering ever stop?
Meanwhile in war torn Ukraine...
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Post by GrizzlyShrew on Jul 27, 2022 16:00:26 GMT 1
Thought we get most of our gas from Norway.
Or does that get forgotten about just to create a scaremongering article. Bloody media again.
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Post by frankwellshrews on Jul 27, 2022 16:11:50 GMT 1
How is this "fearmongering"? If one of the major suppliers drops out of the market but demand stays constant, the price of the remaining available gas goes up.
Seems like the obvious answer here is to try to reduce demand for gas in the West.
I agree that doing a Vogue shoot right now seems a bit tone deaf from Zelensky's Mrs but not sure what this has to do with gas prices.
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Post by salop27 on Jul 27, 2022 16:11:56 GMT 1
Gas prices have jumped up again as Russia has reduced its supply to Germany again. Fingers crossed for a mild winter.
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Post by davycrockett on Jul 27, 2022 16:41:58 GMT 1
UK households could see their energy bills hit £500 for a single month by next year as Putin’s latest gas supply cuts drive up prices across Europe, analysts have warned. A new report from BFY Group predicts that the energy price cap will rise to £3,420 at the next increase in October before surging to £3,850 in the first quarter of 2023. That means average bills for January alone are likely to be above £500. The predictions are even more bleak than recent analysis from Cornwall Insight, which said the energy price cap will hit £3,363 for the first quarter. However, those figures came before the Kremlin slashed gas supplies to Europe even further, driving up prices and fuelling fears of shortages this winter. Gemma Berwick, senior consultant at BFY, said: “Huge swathes of the British public aren't going to be able to afford their bills this winter. Average families with two working parents will be in fuel poverty.” Daily Telegraph. I thought we were stopping all imports from Russia by the end of the year. Surely we’ll be maximising supplies from the North Sea by then so we can be self sufficient by the end of the year.
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Post by Worthingshrew on Jul 27, 2022 17:05:27 GMT 1
And you’d have thought we would be maximising growing our own wheat, but haven’t heard anything about getting more land into food production since the war began.
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Post by northwestman on Jul 27, 2022 17:08:49 GMT 1
Trouble is, any gas from elsewhere will be fair game for a frenetic bidding war from every nation. That includes gas from Norway and the North Sea.
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Post by davycrockett on Jul 27, 2022 17:55:37 GMT 1
Trouble is, any gas from elsewhere will be fair game for a frenetic bidding war from every nation. That includes gas from Norway and the North Sea. We can always go back to coal fires if we’re desperate, where’s the coal come from?
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Post by northwestman on Jul 27, 2022 18:10:10 GMT 1
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Post by frankwellshrews on Jul 27, 2022 18:24:07 GMT 1
And you’d have thought we would be maximising growing our own wheat, but haven’t heard anything about getting more land into food production since the war began. Who will work these prospective new fields? We can't even pick all the soft fruit we grow, let alone start new food industries.
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Post by Worthingshrew on Jul 27, 2022 19:47:45 GMT 1
Anyone for fracking?
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Post by staffordshrew on Jul 28, 2022 0:31:33 GMT 1
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Post by staffordshrew on Jul 28, 2022 0:32:57 GMT 1
Shame we are building HS2 when we should have been building Hydro-electric.
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Post by shrewder on Jul 28, 2022 5:35:05 GMT 1
Very worrying. As a pensioner already started cutting back and putting money aside for energy price rises to come after a current fixed rate deal ends. You begin to focus on what is really essential. I can see me getting rid of some tv/audio subscriptions to save. Have always thought I was pretty good at budgeting but this current situation is going to be a huge strain on household funds for us all.
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Post by Pilch on Jul 28, 2022 7:16:39 GMT 1
Trouble is, any gas from elsewhere will be fair game for a frenetic bidding war from every nation. That includes gas from Norway and the North Sea. We can always go back to coal fires if we’re desperate, where’s the coal come from? when i dealt with coal trains going to ironbridge the coal came from places like russia and often australia , there were local places like daw mill but don't know if they even exist anymore
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Post by shrewder on Jul 28, 2022 7:36:10 GMT 1
Shame we are building HS2 when we should have been building Hydro-electric. Excellent point.
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Post by Worthingshrew on Jul 28, 2022 7:38:51 GMT 1
Very worrying. As a pensioner already started cutting back and putting money aside for energy price rises to come after a current fixed rate deal ends. You begin to focus on what is really essential. I can see me getting rid of some tv/audio subscriptions to save. Have always thought I was pretty good at budgeting but this current situation is going to be a huge strain on household funds for us all. Very true. Will fans have the spare cash to go to matches, or pay for the peripheral costs like programmes, a pie and a pint?
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Post by staffordshrew on Jul 28, 2022 8:51:58 GMT 1
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Post by shrewder on Jul 28, 2022 8:57:00 GMT 1
Very worrying. As a pensioner already started cutting back and putting money aside for energy price rises to come after a current fixed rate deal ends. You begin to focus on what is really essential. I can see me getting rid of some tv/audio subscriptions to save. Have always thought I was pretty good at budgeting but this current situation is going to be a huge strain on household funds for us all. Very true. Will fans have the spare cash to go to matches, or pay for the peripheral costs like programmes, a pie and a pint? Exactly. A knock on effect across the whole economy.
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Post by northwestman on Jul 28, 2022 9:26:41 GMT 1
Very worrying. As a pensioner already started cutting back and putting money aside for energy price rises to come after a current fixed rate deal ends. You begin to focus on what is really essential. I can see me getting rid of some tv/audio subscriptions to save. Have always thought I was pretty good at budgeting but this current situation is going to be a huge strain on household funds for us all. Very true. Will fans have the spare cash to go to matches, or pay for the peripheral costs like programmes, a pie and a pint? I'd recommend cutting the 1st two out. The programme is very poor in content and is not value for money, whilst the stadium food is overpriced and of poor quality. I'll continue with my beer though!
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Post by staffordshrew on Jul 28, 2022 9:49:41 GMT 1
The world may change over the next year: If hardly anyone is buying one then it will be the end of the football programme. If more people make other arrangements about match day food it will be a tight time for in stadium catering. If people decide to use tic-toc, youtube and other on line media that comes free if you have the internet then people will ditch the TV licence. Over priced coffee shops will feel the pinch.
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Post by davycrockett on Jul 28, 2022 9:52:19 GMT 1
The world may change over the next year: If hardly anyone is buying one then it will be the end of the football programme. If more people make other arrangements about match day food it will be a tight time for in stadium catering. If people decide to use tic-toc, youtube and other on line media that comes free if you have the internet then people will ditch the TV licence. Over priced coffee shops will feel the pinch. Meanwhile Putin continues to destroy Ukraine and threaten world peace
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Post by Pilch on Jul 28, 2022 10:07:31 GMT 1
UK households could see their energy bills hit £500 for a single month by next year as Putin’s latest gas supply cuts drive up prices across Europe, analysts have warned. A new report from BFY Group predicts that the energy price cap will rise to £3,420 at the next increase in October before surging to £3,850 in the first quarter of 2023. That means average bills for January alone are likely to be above £500. The predictions are even more bleak than recent analysis from Cornwall Insight, which said the energy price cap will hit £3,363 for the first quarter. However, those figures came before the Kremlin slashed gas supplies to Europe even further, driving up prices and fuelling fears of shortages this winter. Gemma Berwick, senior consultant at BFY, said: “Huge swathes of the British public aren't going to be able to afford their bills this winter. Average families with two working parents will be in fuel poverty.” Daily Telegraph. in the same sentence fuel bills could reach £500 in january to being an average of over £500 , and then rises to £1300+ a month , all in the same month let's call it an inflation of scaremongering
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Post by staffordshrew on Jul 28, 2022 10:24:19 GMT 1
And you’d have thought we would be maximising growing our own wheat, but haven’t heard anything about getting more land into food production since the war began. Who will work these prospective new fields? We can't even pick all the soft fruit we grow, let alone start new food industries. You may be surprised, robotised tractor and combine activities are coming to a field near you pretty soon.
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Post by davycrockett on Jul 28, 2022 10:24:22 GMT 1
UK households could see their energy bills hit £500 for a single month by next year as Putin’s latest gas supply cuts drive up prices across Europe, analysts have warned. A new report from BFY Group predicts that the energy price cap will rise to £3,420 at the next increase in October before surging to £3,850 in the first quarter of 2023. That means average bills for January alone are likely to be above £500. The predictions are even more bleak than recent analysis from Cornwall Insight, which said the energy price cap will hit £3,363 for the first quarter. However, those figures came before the Kremlin slashed gas supplies to Europe even further, driving up prices and fuelling fears of shortages this winter. Gemma Berwick, senior consultant at BFY, said: “Huge swathes of the British public aren't going to be able to afford their bills this winter. Average families with two working parents will be in fuel poverty.” Daily Telegraph. Think it’s worth remembering energy costs were soaring well before Putins invasion of Ukraine in Feb with many energy companies going to the wall last year and energy companies tripling DD payments in Jan to prepare for the massive hike's forecast last year this year…Russia have made it worse but isn’t the cause of the massive increases we’ve seen.
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Post by northwestman on Jul 28, 2022 10:24:54 GMT 1
UK households could see their energy bills hit £500 for a single month by next year as Putin’s latest gas supply cuts drive up prices across Europe, analysts have warned. A new report from BFY Group predicts that the energy price cap will rise to £3,420 at the next increase in October before surging to £3,850 in the first quarter of 2023. That means average bills for January alone are likely to be above £500. The predictions are even more bleak than recent analysis from Cornwall Insight, which said the energy price cap will hit £3,363 for the first quarter. However, those figures came before the Kremlin slashed gas supplies to Europe even further, driving up prices and fuelling fears of shortages this winter. Gemma Berwick, senior consultant at BFY, said: “Huge swathes of the British public aren't going to be able to afford their bills this winter. Average families with two working parents will be in fuel poverty.” Daily Telegraph. in the same sentence fuel bills could reach £500 in january to being an average of over £500 , and then rises to £1300+ a month , all in the same month let's call it an inflation of scaremongering O.k. Here's another 'scaremongering' link. www.theguardian.com/money/2022/jul/27/uk-energy-bills-forecast-to-hit-3850-pounds-russia-cuts-gas-supply-further-europe-pipeline
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Post by northwestman on Jul 28, 2022 10:30:38 GMT 1
The world may change over the next year: If hardly anyone is buying one then it will be the end of the football programme. If more people make other arrangements about match day food it will be a tight time for in stadium catering. If people decide to use tic-toc, youtube and other on line media that comes free if you have the internet then people will ditch the TV licence. Over priced coffee shops will feel the pinch. Meanwhile Putin continues to destroy Ukraine and threaten world peace Putin is a pussycat compared to what Xi Jinping might have planned for Taiwan in the near future. www.theguardian.com/world/2022/jul/27/a-dangerous-moment-china-warns-of-consequences-if-nancy-pelosi-visits-taiwan
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Post by sheltonsalopian on Jul 28, 2022 11:28:48 GMT 1
For those screaming scaremongering, here's Martin Lewis' take on it. Energy bill prices are going to go through the roof, whether you think it's "scaremongering" or not.
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Post by Pilch on Jul 28, 2022 11:40:12 GMT 1
i'm well aware you got the info from somewhere , i just thought you might have spotted how it made no sense before you relayed it to us 😜
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