Podcast: when will your gas bills get cheaper?

25 February, 2022

In today’s Exponential Investor

  • Three times more expensive gas
  • Why isn’t the wind working?
  • Something big is coming…

As we settled down after putting our boys to bed the other night, an email popped up in our personal inbox.

It was from our energy provider.

Your latest statement is ready…”

Intrigued, we opened it.

To be honest, we always open our bills – even with a direct debit in place, it’s always pertinent to check your bills, to make sure you’re not getting ripped off.

Sadly, we are getting ripped off…

But it’s not just us, it’s you too. In fact, we’re all getting ripped off.

Our energy bill was astronomical.

In fact, it was almost three-times higher than it was this time last year.

Yes, you heard right, almost three times higher.

The electricity section was about normal, but the gas… oh the gas…

We went back and looked at a previous bill from the year before. The gas tariff, around 2.5p per kilowatt hour. That was reasonable.

Our gas tariff now… over 6.9p per kilowatt hour.

Now there’s a whole bunch of headlines talking about 50% increases in energy caps. There’s talk about the cost of living rising. There are hard numbers around inflation in the UK being 5.5%.

But from 2.5p to over 6.9p smashes those figures to bits. The thing is, after looking around, our 6.9p rate is actually pretty good!

So, what is, going, on?

Why is our (and likely your) gas bills three times higher? Why haven’t the record-breaking winds from Storm A, B, C, D, E and F this year made our energy prices drop?

Where is this promise of clean, cheap… free energy? And if it’s not coming tomorrow, then when is it going to arrive?

How do you as someone who pays the bills to keep your household running afford these massive jumps, while also trying to build wealth? Or is the trick to build wealth to offset these massive jumps?

Answers are needed. And answers we will find, for that is why we are here, and why we have energy experts at Southbank Investment Research like Kit Winder and James Allen.

But in today’s Exponential Investor podcast, Kit Winder and I dive in to trying to figure out why gas is skyrocketing and when is it actually going to get cheaper for you? Alternatively, how can you find a way to make more to counter these massive rises?

You can access the full podcast below.

Sam Volkering
Editor, Exponential Investor