5 ms·

My gas(for heating, not petrol) has literally just gone up 600%. You look at these numbers posted in the media and you think "what are they on about? What 8.5%?

My gas(for heating, not petrol) has literally just gone up 600%. You look at these numbers posted in the media and you think "what are they on about? What 8.5%?".

roflyear 4y ago
Must be Europe, right?
brianwawok 4y ago
So it's an average? If 100% of the average consumer budget was spent on heating gas, a 600% increase of heating gas would be a 600% inflation boost. At the end of the day, we each have our own inflation #. Some may be lower, some higher. NYT made a calc to try and show some of this: https://www.nytimes.com/interactive/2022/05/08/business/economy/inflation-calculator.html https://www.nytimes.com/interactive/2022/05/08/business/econ... (In fact, one question is "do you heat your home with oil", and a Yes answer seems to jump your score up 3% or so)
devin 4y ago
From what to what? I don't know if you're talking about a 600% increase of a tiny number or what.
- gambiting 4y ago
  £0.03/kWh to £0.18/kWh. Yes the number overall is tiny - but it still means that whatever I used to spend on heating/hot water, is now 6x higher.
  - rand49an 4y ago
    Damn what tariff are you on? My gas is currently 7.34p/kWh with Octopus.
    - cjrp 4y ago
      Ditto EDF. Is op mixing up kWh and m3 perhaps?
      - gambiting 4y ago
        No I'm not. The current fixed deal with Octopus here in UK is 18.53p/kWh + 48p/day as standing charge.
        cjrp 4y ago
        Ahh sorry, I was mixing up £ and p for some reason!
    - gambiting 4y ago
      I'm with octopus. 7.34p/kWh is their flexible tariff, 18p/kWh is their fixed deal at the moment. My old 3p/kWh just expired and I'm not risking the price increasing even further, so I think the fixed deal is still the right way to go, even though it means increasing my price 6x right now.
  - kube-system 4y ago
    I’m guessing geopolitics is affecting your price. I’m paying 0.045 USD per kWh in for natural gas here in the US, including all fees.
kalnins 4y ago
For me (I also use gas for heating), this would mean an increase of monthly expenses around 5-8% during winter months. (assuming 6x increase in the last winters bills). Though I don't live in an 6 bedroom glass house, so other people mileage may vary. Though average food/fuel prices have also gone up quite a lot, so the total monthly expenses have gone up more around 20%, which is a lot more closer to actual inflation in my region.

My gas(for heating, not petrol) has literally just gone up 600%. You look at these numbers posted in the media and you think "what are they on about? What 8.5%?".

roflyear 4y ago

Must be Europe, right?

brianwawok 4y ago

So it's an average? If 100% of the average consumer budget was spent on heating gas, a 600% increase of heating gas would be a 600% inflation boost. At the end of the day, we each have our own inflation #. Some may be lower, some higher. NYT made a calc to try and show some of this: https://www.nytimes.com/interactive/2022/05/08/business/economy/inflation-calculator.html https://www.nytimes.com/interactive/2022/05/08/business/econ... (In fact, one question is "do you heat your home with oil", and a Yes answer seems to jump your score up 3% or so)

devin 4y ago

From what to what? I don't know if you're talking about a 600% increase of a tiny number or what.

gambiting 4y ago
£0.03/kWh to £0.18/kWh. Yes the number overall is tiny - but it still means that whatever I used to spend on heating/hot water, is now 6x higher.
- rand49an 4y ago
  Damn what tariff are you on? My gas is currently 7.34p/kWh with Octopus.
  - cjrp 4y ago
    Ditto EDF. Is op mixing up kWh and m3 perhaps?
    - gambiting 4y ago
      No I'm not. The current fixed deal with Octopus here in UK is 18.53p/kWh + 48p/day as standing charge.
      - cjrp 4y ago
        Ahh sorry, I was mixing up £ and p for some reason!
  - gambiting 4y ago
    I'm with octopus. 7.34p/kWh is their flexible tariff, 18p/kWh is their fixed deal at the moment. My old 3p/kWh just expired and I'm not risking the price increasing even further, so I think the fixed deal is still the right way to go, even though it means increasing my price 6x right now.
- kube-system 4y ago
  I’m guessing geopolitics is affecting your price. I’m paying 0.045 USD per kWh in for natural gas here in the US, including all fees.

kalnins 4y ago

For me (I also use gas for heating), this would mean an increase of monthly expenses around 5-8% during winter months. (assuming 6x increase in the last winters bills). Though I don't live in an 6 bedroom glass house, so other people mileage may vary. Though average food/fuel prices have also gone up quite a lot, so the total monthly expenses have gone up more around 20%, which is a lot more closer to actual inflation in my region.