Halstead Energy Ltd

21/09/2022

https://www.bbc.co.uk/news/business-62969427

The Government have announced the support for businesses with the the headline being that wholesale electricity will be capped £211 per MWh for electricity and £75 per MWh for gas.

NOTE - This is not the rate that you will be charged as 3rd party charges have to be added before the delivered rates.

This support will be applied to bills between 1st October and 31st March and then review thereafter.

Full details are included in the article

UK government to cap gas and electricity costs for businesses, charities and public sector from October.

08/09/2022

So a very vague announcement on support for businesses

A cap 'like domestic' for 6 months, which will then be reviewed every 3 months and possibly limited to 'vulnerable' sectors

No windfall tax for energy producers even though BP quoted 'We have so much money we don't know what to do with it, this crisis is a cash machine' and 'A windfall tax would not affect our investment plans'

Tax payers will cover the costs of subsidies which will now be handed to the energy suppliers

There will be fierce criticism of todays very brief words from the PM and the uncertainty for many businesses will continue

30/08/2022

Below are the predictions for future domestic energy price caps.

REMEMBER - There is no cap for commercial energy.

The Oct 22 cap has already been confirmed as

Electricity - standing charge 46p - unit rate 52p
Gas - standing charge 28p - unit rate 15p

The cost of £3,549 shown below is based on usage of 2,900kwh electricity, 12,000kwh gas.

At current energy wholesale rates the expected cap in Jan will be £5,404, then £7,253

That's over £600 a month from the current £165 !

Unless there is significant change in the way that the energy markets operate in the UK, or government intervention we could be paying these rates for years to come.

If you are concerned about your energy costs please feel free to comment below



https://www.ofgem.gov.uk/publications/ofgem-updates-price-cap-level-and-tightens-rules-suppliers

27/08/2022

As energy prices become critical for households understanding how your home uses energy and how to minimise wastage is more important than ever

Are you are a household that leaves things on standby?

TV’s, games consoles, dishwasher?

I conducted an experiment in our home to calculate the effect of items being left on standby (even items not on standby but plugged in can draw energy)

Our dishwasher and Tv, including my office monitors all consume energy on standby, about £30 a year each at current energy cap rates

That’s £120 a year ! When the price cap changes that will be £240 a year… FOR SOMETHING THAT IS NOT BEING USED!

Anything that heats or has motors - fans, extractor hoods all are high consumers

Got kids that have Alexas, games consoles, pc’s and they leave them on? - all these things you cannot take for granted now

Energy is becoming a luxury item for low income households

We are being forced to re think the way we live and if you do not take interest now, more so in October I am afraid you are going to get a hell of a shock

If you can afford to be ignorant, lucky you… most of us can’t

When not in use switch everything off at the wall it is the only way to stop you wallet being emptied until this energy madness is resolved

I managed to get our base usage down to 27w per hour. All that was on was the router, phone, house alarm and boiler. With things on standby it was 4x5 times higher than that!

All that money ultimately being paid to ones making billions of profit

If we want to change the system we need to start by changing ourselves

Would you leave the car running while your in bed asleep ???

Our government are not taking action so it’s up to us to help ourselves

OFGEM announced their latest price cap and energy bills will be three times higher than a year ago…! By April next year they look set to double again… ... 22 comments on LinkedIn

26/08/2022

Energy price cap announced for October (and with conditions how they are when it's reviewed again in January it will be increasing again)

Remember this is not the most you will pay this estimate is based on an average household using 2,900kwh of electricity and 12,000kw of gas.

The cap does not apply to business energy and currently businesses are seeing huge increases in costs

Government are being pressured to take action as these costs are unsustainable and the effect on our economy will be devastating if action is not taken

If you are a business and would like to discuss your options feel free to get in touch

Millions face a huge leap in energy bills from October as regulator Ofgem announces a 80% rise in the price cap.

12/08/2022

This should help people understand why energy prices are high and what our government should be focusing on rather than just blindly wasting money

Hopefully everyone should get it now ...

11/08/2022

An extremely bullish market yesterday, pushing prices to new highs. We now see the UK winter gas contract valued at 500p per therm.

Speaking of five … the impact of yesterdays extreme move sadly has pushed our future forecasts for the price cap to new highs and we now see one future cap now start with a five … yes £5,000 – a value we have forecast behind the scenes for many weeks now. We still value the upcoming cap in October at just over £3,600, which finalises late next week, but the future caps will be considerably higher in January and April.

The recent heatwave across Europe has reduced water levels meaning the nuclear power generation is under threat due to a lack of cooling water. In Norway, a similar story with water levels meaning less hydro generation possible. If we look towards coal and lignite, that often requires delivery by ships which are unable to travel in low water levels making that extremely difficult.

The markets reaction is based on facing into a series of options that are quickly being exhausted for Europe as it seeks to find alternatives to Russian gas.

It is reported that businesses are now reducing opening hours in a bid to save on energy costs.

Today the UK government has called in energy companies to try and find a way to work together to bring down prices. It seems there is little appreciation for just how impossible that task really is and that energy companies and the government have little control over this in such a globally influenced market.

source

13/07/2022

https://www.thesun.co.uk/money/18988707/exact-date-apply-cash-energy-bill/?utm_source=sharebar_app&utm_medium=sharebar_app&utm_campaign=sharebar_app_article

HARD-UP households can get extra cash from TODAY to help cover the rising cost of gas and electric. Charity grants worth as much as £1,500 are being dished out to those most in need from today, Fri…

02/07/2022

Useful info for anyone struggling with energy costs

HOUSEHOLDS struggling to pay their spiralling energy bills can get up to £1,500 in free grants from their energy supplier. Many energy suppliers have schemes in place offering you financial assista…

23/03/2022

If you are a domestic energy user and your rates are increasing on the 1st April make sure you provide up to date meter readings to your supplier, so you don't pay extra for usage not accounted for after that date

If you are a business and you would like to see if you can save money on utilities and card payments please get in touch

Energy costs have increased dramatically over the last 12 months. Looking at the market to get the best offer has never been more important

[email protected] - 07776 222366

The energy price cap will increase from 1 April for approximately 22 million customers.

05/02/2022

Worth a listen if you want the real information about the governments help with rising energy bills

13/01/2022

*** Rising energy costs ***

I am sure most business owners are aware of the current energy crisis that the UK is facing.

You may have already been affected at home but the situation is more concerning for business as there is no cap to protect against increases

Electricity prices have doubled since last year and gas more than 300% !

Supplier choice is limited at the moment and prices vary dramatically between them as risk premium is being added by some suppliers to protect them against future volatility

If you are concerned about your energy costs and want the best range of options please feel free to get in touch

[email protected] - 07776 222366

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