Energy Prices - To ...
 

Energy Prices - To fix or not to fix, that is the question

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My energy company seems really keen for a fixed rate.

Shell Energy (who I am with) - won't even offer any fixed tariff. All SVR unless you are on an old deal.

 
Posted : 04/08/2022 2:48 pm
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To cap it all (I'll get my coat) the regulator has annouced they will review the cap every 3 months, so expect another rise in January.

 
Posted : 04/08/2022 2:51 pm
 tlr
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Kryton57
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£15.72 for a day/week/month?

Month.

Blimey, that's good going. We are with Bulb, just two of us in the house and our gas was £25 for June - showers and hot water for washing pans.

 
Posted : 04/08/2022 2:52 pm
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Ignore me earlier - I was wrong.

A unit of gas on a meter is not a unit of gas you'll e charged for. It is a cubic meter of gas.

So yes - something looks very wrong with your account! It could be that you are paying for the building - eek!

 
Posted : 04/08/2022 3:07 pm
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Thanks for your help on this guys, really appreciate it!

I've left the meter for about half an hour without using any gas, and it remained the same - not even the 2 decimals moved at all), so I'm guessing no leaks?

Will try the same this evening when all our neighbours are home, not use our gas for a while and see if the meter moves.

There's only one pipe that leaves the meter that goes up to our loft (gas pipe runs across that then down into our kitchen) - I'll check the loft part later, but all of the flats have their own separate meter / gas pipes leaving into their flat. Genuinely can't see how any other system could tap into ours?

So this means that:

A) the reading is correct, we're somehow using that much gas? (2 adults, 1 toddler)
B) The gas meter is faulty and exaggerates how much we're using?

 
Posted : 04/08/2022 3:32 pm
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Probably a stupid question, but we have old school meters.

Would upgrading to smart meters fix any issues with the existing meters (i.e. all the old hardware is removed, so new meters would be far more accurate?)

I presume they'd also make it far easier to establish which devices are using excessive power etc for electric?

Any real downsides to getting them upgraded?

 
Posted : 04/08/2022 3:59 pm
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Any real downsides to getting them upgraded?

Where do you live? A smart meter was the bane of my life for a whilst. The house we moved into had a defunct old fashioned meter (the screen was blank). After a few months they fitted a smart meter....which never connected to their systems. This is Scotland so the tech used here is radio of some type. SSE's wonderful system eventually registered the new meter but never got any signals from it. As we had a smart meter the glorious SSE system assured us we didn't need to give them any reading and in fact made it impossible. We had to try and chat to a human who (sometimes, sometimes clearly could not be arsed) input it in manually for us. Talking to an engineer this is incredibly common in rural and even some urban areas. Even if your meter is outside (ours is) depending on the orientation of the house and location of the meter they just don't connect. Fortunately SSE customers because OVO customers recently and their website is better an allows us to submit manual meter readings.

So in summary, they might be awesums but they can also be a total cluster ****.

 
Posted : 04/08/2022 4:10 pm
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We're in West Cornwall, pretty good mobile signal where we are. The gas meter is outdoors (not sure if that's standard) - as long as it manually shows a reading I'm happy submitting it myself if it did fail to autosend?

 
Posted : 04/08/2022 4:13 pm
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Blimey, that’s good going. We are with Bulb, just two of us in the house and our gas was £25 for June – showers and hot water for washing pans.

I think it's offset by the fact we have a posh hot tap, and pre-oil our pans before they then go onto an induction hob. FWIW then our Electric for the same period was £109.60.

Upgrading the whole house to LED bulbs feels like a good move now anyway!

 
Posted : 04/08/2022 5:30 pm
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and pre-oil our pans before they then go onto an induction hob.

What does that achieve ?

FWIW then our Electric for the same period was £109.60.

Hour long electric showers or electric immersion ? That's an incredible amount for a leccy bill pre the mega price rises.....fwiw offsetting gas usage with electrical is fools folly. A kw of energy is still vastly more expensive when derived from grid tie electricity.

 
Posted : 04/08/2022 7:00 pm
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Fixing energy prices isn't the answer.

Reducing consumption is.

 
Posted : 04/08/2022 7:37 pm
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What does that achieve ?

A spelling mistake, meant to say “fill” - from the hot tap so water isn’t heated from cold on the hob.

fwiw offsetting gas usage with electrical is fools folly

We aren’t, it’s the way our house is in that the gas is only there for heating and hot water, it’s hardly unusual.

But a family of four, lots of washing, two parents working from home on laptops, 2 freezers 1 dishwasher, telly…. All adds up I guess, and £130 a month for both pales into comparison compared to some people.

 
Posted : 04/08/2022 8:55 pm
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offsetting gas usage with electrical is fools folly. A kw of energy is still vastly more expensive when derived from grid tie electricity.

I generally boil the kettle with the approximate ammount of water I need for the pan if I'm doing pasta.. (gas hob) I figured it would be more efficient, is that not the case?

 
Posted : 04/08/2022 9:23 pm
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It's quicker, but since the gas used is about a sixth the cost of the electricity, even using a little extra gas on the hob the hob is cheaper.

 
Posted : 04/08/2022 9:49 pm
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My last gas bill was £4.15 plus £7.50 standing charge.
Electricity was £36 inc standing charge.
That £400 rebate is goimg to pay for most of my annual consumption.

 
Posted : 04/08/2022 10:35 pm
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A spelling mistake, meant to say “fill” – from the hot tap so water isn’t heated from cold on the hob.

Is your name Richard Richard or Eddie Hitler " we get the cold water from the hot tap to save wear and tear on the cold tap"

I don't miss working from home in that respect. Heating / kettle/coffee beans /leccy .....all adds up.

Even with solar panels the hike in standing charge means I'll be back to paying pretty much what I paid before the solar panels. My last fix ends at the end of August. Our years bill to date for 8 months Inc standing charge is less than the standing charge will be for a year from September. It's not like you can even opt out of the standing charge now is it. *Nah I don't need leccy thanks*

 
Posted : 04/08/2022 10:43 pm
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A unit of gas on a meter is not a unit of gas you’ll e charged for. It is a cubic meter of gas.

On a newer meter, yes; older ones might be cubic feet, so a unit will be a lot less energy.

Might it be worth checking they aren't assuming your readings are in m^3 when they're actually ft^3? That would be inflate the price a lot...

 
Posted : 05/08/2022 12:18 am
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https://www.theguardian.com/commentisfree/2022/aug/04/winter-refusing-pay-energy-bills-pledge-campaign

Interesting campaign which I hope gets more media focused on this energy price issue. It's going to be desperate for so many.

 
Posted : 05/08/2022 1:05 am
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The Gov, or should I say the Country is going to pay the price for not listening to the Environmental Evidence instead of Big House Developers and Big Oil.

 
Posted : 05/08/2022 9:57 am
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It’s quicker, but since the gas used is about a sixth the cost of the electricity, even using a little extra gas on the hob the hob is cheaper.

It's not quite that simple... using a kettle or induction hob is very efficient, whereas using a gas boiler to generate a small amount of hot water is very inefficient. Gas DHW isn't very efficient to start with, then you're heating up a whole pipe worth of hot water even though you only want a little bit, and you're wasting the water that is warm but not quite hot enough yet as it comes through...

 
Posted : 05/08/2022 11:13 am
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Interesting campaign which I hope gets more media focused on this energy price issue. It’s going to be desperate for so many.

Other than landing the poor and financially literate with even worse credit ratings, CCJ's, and expensive pre-pay meters, what is it going to achieve?

It’s not quite that simple… using a kettle or induction hob is very efficient, whereas using a gas boiler to generate a small amount of hot water is very inefficient. Gas DHW isn’t very efficient to start with, then you’re heating up a whole pipe worth of hot water even though you only want a little bit, and you’re wasting the water that is warm but not quite hot enough yet as it comes through…

He's talking about boiling an electric kettle, Vs boiling on a gas hob. Not running the hot tap?

Gas hob wins hands down.

Unless you're my OH and insist on trying to boil pans with the lids off, or 2000ml of water in the (stove top) kettle for a cup of tea. Which is a waste of energy into the water, and probably brings heat loss out the top of the metal kettle into the equation Vs the plastic electric kettle.

 
Posted : 05/08/2022 11:42 am
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Interesting campaign which I hope gets more media focused on this energy price issue. It’s going to be desperate for so many.

Other than landing the poor and financially literate with even worse credit ratings, CCJ’s, and expensive pre-pay meters, what is it going to achieve?

I await the the headlines in the new year about all these folk having their utilities cut off and then whining. It's a shit situation but refusing to pay isn't the way forward.

 
Posted : 05/08/2022 11:48 am
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I may stand corrected, but.

It is my understanding that the government place the responsibility for UK home efficiency improvements on the Energy companies (Eco 4 = Energy Company Obligation 4).

So, with the huge profits announced, the next ECO/Green Deal should see masses of free insulation and Renewable energy being installed to reduce household consumption?

No?

 
Posted : 05/08/2022 12:17 pm
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So, with the huge profits announced, the next ECO/Green Deal should see masses of free insulation and Renewable energy being installed to reduce household consumption?

No?

Potentially yes.

We had ours done recently (cavity walls), and I'll admit we're not what I (or anyone) would probably consider to be not-well-off. If you're not already insulated to the max, get on the phone to your local council and see what's on offer. The council won't be the ones doing it but they can point you towards the companies that have access to the grants to install it.

Unless they bring back the so cheep it's basically free subsidized offers on insulation in B&Q etc.

 
Posted : 05/08/2022 12:44 pm
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He’s talking about boiling an electric kettle, Vs boiling on a gas hob. Not running the hot tap?

Gas hob wins hands down.

Duh, fair point. Brain not engaged fully at all 🙂

 
Posted : 05/08/2022 12:50 pm
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We've got a fairly hefty leccy consumption - two gaming PC's and a hot tub, which is left at minimum temperature now and the pump on (only switch heat on if we plan to use it) - we've halved the KWh energy consumption since February.

Gas isn't bad, £60 per month in winter and about £20pm last few months.

 
Posted : 05/08/2022 1:35 pm
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new estimate

Warning energy prices to hit over £4,200 in January

https://www.bbc.co.uk/news/business-62475171

£350 a month!

 
Posted : 09/08/2022 11:14 am
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Was just about to post that link.
Bear in mind that's only a forecast so there's potential for it to increase further.
Neither of the two tory candidates nor johnson nor zahawi are going anywhere near this.
Coming soon to a household near you...fuel poverty.
At a time when there's an overwhelming need for strong and clear political leadership we get weakness, dithering and ineptitude from tories and labour.
Pathetic.

 
Posted : 09/08/2022 11:23 am
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*tinhat on*

is this the rich's way to solve climate change without them needing to do anything? reduce consumption by massive prices rises, so only the rich can carry on living as "normal".

 
Posted : 09/08/2022 11:28 am
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Tinhattery.

 
Posted : 09/08/2022 11:34 am
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is this the rich’s way to solve climate change without them needing to do anything? reduce consumption by massive prices rises, so only the rich can carry on living as “normal”.

They wouldn't just be playing with peoples personal finances though. There's now 1000's of businesses who are questioning whether they can keep the doors open or not.

 
Posted : 09/08/2022 11:55 am
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This is insane

https://twitter.com/JavierBlas/status/1556916295005765632

I know Germany have almost reached their goal of filling up their gas reserves for the winter

does anyone know if the UK has done similar?

 
Posted : 09/08/2022 12:01 pm
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UK has very limited storage capacity.
Centrica closed the Rough storage facility in 2017 because Gov wouldn't help with maintenance and support costs - https://www.theguardian.com/business/2021/sep/24/how-uk-energy-policies-have-left-britain-exposed-to-winter-gas-price-hikes

There was also a completely wrong assumption that a combination fracking, North Sea developments and renewables would deliver substantial volumes into the energy mix

Now there's been a mad scramble to re-open it, possibly this autumn but not confirmed, with suggestions that the associated costs are likely to be loaded onto consumers.
Incompetence of the highest order and, potentially, squeezing consumers even more.

 
Posted : 09/08/2022 12:43 pm
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I know Germany have almost reached their goal of filling up their gas reserves for the winter

does anyone know if the UK has done similar?

I understand that Germany are on track to fill their gas storage to 80% of capacity for October, but a lot could happen by then. We don't have as much gas storage compared to other European countries, less than a weeks worth in the winter, but that storage is almost full.

The reduction of gas storage in this country is a major mistake. As we have increased reliance on wind and solar for electric generation you increase the need gas to pick up the short fall on windless days in the middle winter.

 
Posted : 09/08/2022 12:56 pm
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I'm a little puzzled by consumption figures. I've just moved into a new place and, based on 'historical figures,' Eon wanted me to start paying £161/month gas/elec for little old me in a very small house! Get to ****! Glad I took photos of the meters because the last resident is getting a £155 backdated bill in the near future....

In my last place (bigger, less efficient) I paid £45 for June, gas and electric including standing charges, so I'm now going to be phoning the readings in every month and watching the meters like a hawk...

 
Posted : 09/08/2022 12:57 pm
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Its misleading though to publish wild scary numbers.

These numbers sell newspapers and get big clicks on mse type websites but people buy into the data.

Which is a guess, for an average consumer, and wont be more because its capped.

But, it is a guess as the price per kwh hasn't been released yet
Who is the average consumer anyways
And yes, your bill could be alot more than the £350pcm, if you want 21c during the day and 15c overnight as the cap is on price per unit, not on the amount of units

Its arm waving shouty scaremongering. Generally people are not retarded, but the media or journalism dont want to let facts stand im way of big banner headlines. So they publish confusing guff. Yes, its going to go up, yes by alot and you may have to wear socks, slippers and a thick jumper inside instead of ypur pants. Many people will face the tough choice of pub night or heating the house, or not smoking or heating the house, or not running 2 cars as thats the only way to save £300 a month to cover the increase in food amd fuel.
Too many years of cheap living and no memory of power cuts, strikes, 3mill unemployment, a general war cry of the government must help us is banded around
Unfortunately the help has kinda run out with the pandemic and associated costs so the few remaining tax payers cant help everyone anymore
People living hand to mouth, out of cash by week 3 of the month, living on credit beyond their means are stuffed.. Saying 'i can't afford it' to friends and family when you have been previously living it up in Tenerife is a very tough thing to do.

 
Posted : 09/08/2022 2:07 pm
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I hope it's a mild winter.

Library's, buses and other warm public spaces are going to be full with ordinary people just keeping warm.

 
Posted : 09/08/2022 2:17 pm
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Library’s, buses and other warm public spaces are going to be full with ordinary people just keeping warm.

I reckon some people will be keeping warm by burning down government buildings when the riots start. I'm currently paying £480 a month (increased from £250/month). God knows what it's going to be in October/January, and there's not a lot I can do to reduce consumption in the short term other than turrning the heating off for the winter.

 
Posted : 09/08/2022 2:25 pm
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Yes, the Extinction Rebellion protests should get some extra supporters 🤔

 
Posted : 09/08/2022 2:57 pm
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Its misleading though to publish wild scary numbers

Only if the numbers are wild.

Here's the research note from Cornwall Consulting https://www.cornwall-insight.com/price-cap-forecasts-for-january-rise-to-over-4200-as-wholesale-prices-surge-again-and-ofgem-revises-cap-methodology/
The numbers are scary but not wild - they result from a detached, factual analysis and take into account all of the relevant factors including a revision to the cap methodology.

In the absence of substantial support from Gov - which truss has refused to commit to today - this will result in 'excess' deaths and businesses going bust.

 
Posted : 09/08/2022 4:26 pm
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When oil and gas amount to around 73% of the UK energy mix but you we were until recently actively discouraging investment in UK production it isn't a suprise when prices increase if there is a world shortage.

As for electricity, relying on supply from other countries seems like folly. When the chips are down they will look after number 1.

I remember reading about Scottish wind being balanced by Norwegian hydro.

Not looking so clever now.

https://www.bloomberg.com/news/articles/2022-08-08/norway-must-follow-eu-rules-if-cutting-power-exports-lobby-says

 
Posted : 09/08/2022 6:02 pm
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One solution would be to introduce inverted tier rates for energy bills. You pay a lower unit rate for your initial usage, say your first 5,000kWH per year, and then a higher rate after that. You could also have a third or fourth rate that would impact those people with large houses, indoor swimming pools and gaudy Christmas light displays.

This is the opposite of what happens now where large businesses have lower rates than households. The high standing charges also mean that lower energy users effectively pay a higher per unit rate.

 
Posted : 10/08/2022 9:42 am
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You pay a lower unit rate for your initial usage, say your first 5,000kWH per year, and then a higher rate after that.

Absolutely, I've been thinking this for years as the fairest way to attribute costs of going green etc etc, Ditto with those on prepayment shouldn't be paying more, same old same old it's expensive to be poor 🙁

Edit:- one issue now would be those with EVs might end up being penalised due to higher electricity use..

 
Posted : 10/08/2022 10:29 am
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Edit:- one issue now would be those with EVs might end up being penalised due to higher electricity use..

Balanced by the fact they don't pay excise duty or fuel duty.

 
Posted : 10/08/2022 10:38 am
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Yes to progressive pricing! That would certainly focus minds, especially at the corporate end where you still see office buildings lit up like Christmas trees 24/7.

I remember reading about Scottish wind being balanced by Norwegian hydro.

Not looking so clever now.

IIRC that was proposed prior to Longannet shutting down in early 2016. Hindsight is a wonderful thing.

 
Posted : 10/08/2022 10:39 am
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Progressive pricing would get my vote!

No chance of it happening though as it will impact business profit.

 
Posted : 10/08/2022 11:26 am
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Hindsight is a wonderful thing.

Hindsight doesn't come into it. Bad choices. Some experts were warning about the risks of over reliance on wind and solar a decade ago.

However, in my opinion it is a grave mistake to place intermittent renewable energy at the heart of power generation strategy. Without vast and energy efficient storage of renewable power, the UK runs the risk of stumbling into winter blackouts. These could occur during extreme cold conditions similar to those experienced by Europe in recent years,

http://euanmearns.com/uk-electricity-demand-gdp-and-energy-policy/

 
Posted : 10/08/2022 12:08 pm
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Balanced by the fact they don’t pay excise duty or fuel duty.

Yeah, but those things were to get us to use EVs. If you now start penalising them we'll stick with our old fossil cars.

 
Posted : 10/08/2022 12:23 pm
 Chew
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Progressive pricing would get my vote!

Same here
Also abolish standing charge and roll it up into the unit charge

This would be progressive and help those low users reduce their bills

If it was done correctly, it would be neutral at a national level

 
Posted : 10/08/2022 12:57 pm
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I was smug about fixing last Oct, just before everything started going nuts. Gave my meter readings to EON and moved over happily.

Got a bill today from Octopus, my old supplier. 10 months after leaving them they now want me to pay £192.

The really frustrating thing is the statement says -£192 for electricity use and then £192 credit for reversed account charges. So in my mind an debt followed by identical credit should be zero balance.

Really not looking forward to trying to work this on out. Either way, I could do without it.

 
Posted : 10/08/2022 3:51 pm
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Yeah, but those things were to get us to use EVs. If you now start penalising them we’ll stick with our old fossil cars.

Or get public transport, use active travel options etc etc.

The whole point of those taxes is to push people towards better options.

 
Posted : 10/08/2022 4:48 pm
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Hindsight doesn’t come into it. Bad choices. Some experts were warning about the risks of over reliance on wind and solar a decade ago.

No, the thought at the time was that we had an incoming supply from a country on equal trading terms. We ****ed that good and proper.

I agree that the renewables issue was an still is being kicked into the long grass. I've heard of balancing schemes but thus far have yet to hear of any being deployed in Scotland. This far the only base load we have is, presumably Peterhead, christ knows what happens if that trips as we are then left with Torness as our sole synchronisation point and I'm not even sure if they're allowed to do that. I guess they must but in a few years we're going to have no backup whatsoever. That worries me. I should probably read some grid stuff and see what the score is...

 
Posted : 11/08/2022 12:26 am
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This fits here just as well as in the Raymond Briggs thread,

https://twitter.com/mortenmorland/status/1557458535004479493?s=21&t=3k7ash-shigkSU-_Jb8zjQ

 
Posted : 11/08/2022 2:15 am
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Tesco might even put doors back on all their freezer units yhat are open to the atmosphere.
Crazy costs andd loads up the atmosphere with co2, which makes the world hotter, so the freezers have to work harder, producing more co2, making the world hotter and its self propelling circle of stupid

 
Posted : 11/08/2022 11:20 am
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Tesco might even put doors back on all their freezer units yhat are open to the atmosphere.
Crazy costs andd loads up the atmosphere with co2, which makes the world hotter, so the freezers have to work harder, producing more co2, making the world hotter and its self propelling circle of stupid

It’s up there with the shops which have the air-con on full lick in the middle of summer with the doors wide open.
The same places seem to also have the heating on flat out in the middle of winter as well with the same doors open.

 
Posted : 11/08/2022 11:41 am
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Just watched C4 News...

French prices have gone up 4%
German prices 40%
Other European countries fall between those two figures.
Our prices have gone up 250% and are set to double that by next spring.

If prices reach those heights then we will have a revolution.

 
Posted : 11/08/2022 8:56 pm
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France is largely self sufficient based on a lot of nuclear electricity isn't it? Germany im expecting to consume it's gas reserves and then have to turn off industry to keep homes warm.... How they are at 40% rise when we are here, using virtually no Russian gas, at 250% rise... Our market is broken.

Thank heaven my wood stack is enough for 2 or 3 winters.

 
Posted : 12/08/2022 12:03 am
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Apparently we are shipping electricity to France at the moment because they have two nuclear reactors shut down for repairs.

We are selling it at £900 per kw. The situation is expected to reverse as we have an arrangement to buy electricity from France next year, at £2000 per kw

Obviously those figures are relative to each other at today's prices, you'll find your mileage might vary considerably in the near future..

 
Posted : 12/08/2022 1:04 am
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British gas spot market prices are currently lower than Europe. Not higher.

https://watt-logic.com/2022/08/11/european-gas-market/

As for French electricity prices EDF is sueing the govt for billions for loss of revenue. If you sell something for less than it costs you go bust eventually.

https://www.theguardian.com/business/2022/aug/10/edf-sues-french-government-for-7bn-after-forced-to-sell-energy-at-a-loss-macron-price-cap

 
Posted : 12/08/2022 1:52 am
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The same places seem to also have the heating on flat out in the middle of winter as well with the same doors open.

Our Morrisons has heaters blasting to keep you warm whilst you browse the chiller aisle.

Yup.

 
Posted : 12/08/2022 2:29 am
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We are selling it at £900 per kw. The situation is expected to reverse as we have an arrangement to buy electricity from France next year, at £2000 per kw

wait, am I reading that correctly? That our government signed a deal that a 5yo would know is utterly stupid?

 
Posted : 12/08/2022 8:37 am
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That our government signed a deal that a 5yo would know is utterly stupid?

You've met our government, yes?

 
Posted : 12/08/2022 9:09 am
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Apparently we are shipping electricity to France at the moment because they have two nuclear reactors shut down for repairs.

We are selling it at £900 per kw. The situation is expected to reverse as we have an arrangement to buy electricity from France next year, at £2000 per kw

Obviously those figures are relative to each other at today’s prices, you’ll find your mileage might vary considerably in the near future..

@inkster what's the source of these numbers, hopefully 900/kw is a typo...

 
Posted : 12/08/2022 10:47 am
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How they are at 40% rise when we are here, using virtually no Russian gas

German end consumers have been fairly well protected because the large utilities that purchase from Russia aren't allowed to pass the costs of having to purchase, (horrificly expensive) gas on the spot markets to make up the shortfall. That ends in October after a change in the law a few weeks ago.

@inkster what’s the source of these numbers, hopefully 900/kw is a typo…

No, that'd be right. It's a commodity traded on supply/demand so at times it'll go much higher than that for a period of a couple of hours or so. I'll see if I can find the website that shows this.

Some French nuclear stations are having to massively reduce output due to river levels and temperatures mean insufficient cooling. A few reactors maintenance wouldn't be unusual, particularly during the lower damand summer months.

 
Posted : 12/08/2022 10:59 am
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presumably its £900 per g (giga) w not kw - I only pay 24p per kw - I might sell my electric onto the french or back to the uk govt at that price.

 
Posted : 12/08/2022 11:08 am
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presumably its £900 per g (giga) w not kw

Sorry, yeah I'm missed that unit error, although not GW, but MW, (megawatt)

Here's the graph. Prices change every 30 mins.

 
Posted : 12/08/2022 11:14 am
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"@inkster what’s the source of these numbers, hopefully 900/kw is a typo…"

Mark Urban on last night's Nesnight.

 
Posted : 12/08/2022 12:37 pm
 pk13
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This topic really is hotting up. pun intended....
So what's going to be the snapping point because people just are not going to pay not through stubbornness but pure economic reasons how can someone running a house and earning less than 25k have that pushed on them.

25k pulled out of my head but it's about the average for shop work/ parcel depo round my way.

 
Posted : 12/08/2022 1:41 pm
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3 months take home pay for me...... 🙁
For many though its not ability bur willingness.
For some people, not all, they don't want to drop their standard of living to pay for electricity. No humble Facebook bragging available to show how well you are doing by posting a picture of your gas bill with paid stamped on it. Where we've all seen the photos of the airline tickets, or Tom is checking in at Heathrow.
For a few people, not goimg skiing for Xmas, Cornwall for Easter then 2 weeks in The Algarve for summer is what they want. Its what they are used to doing. They will have the ability to pay, but would much rather be giving that cash to Tui, or BMW leasing.
They work hard and the reward is nice things and ' making memories' bullocks. Seeing their £150d to ssec going up to £350 makes it harder to keep up with previous years frivolity.
However there are also millions who simply dont have any money at the end of the month amd dont ever go on holiday, run 2 cars, have expensive hobbies who are royaly screwed.

Have feed in tariffs gone up 3 fold?
Shell sell me 100% green energy, has then sun got more expensive or not been out for the last 4 months?

Windfall tax is not the answer. Maybe subsidised solar is, but thr tories will find a way for cash to make it into their mates pockets securing them lucrative consultancy fees for the future whilst telling the minions they ar the low tax party.

 
Posted : 13/08/2022 7:54 am
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Holy Thread Resurrection Batman!!!!

I maxed out my luck by fixing two years ago, just before prices went through the roof. And, because I still got the vouchers, my fuel bills have never been cheaper. But, alas, my jammy fix end in a few weeks.

Best 12 month fix offer would see an extra £1,400 p/a on the bill. Tracker, at todays rates, would be £200 more than that. But tracker will be best if prices fall.

So, STW Energy gamblers, do play safe or play the energy markets?

 
Posted : 24/08/2023 2:00 pm
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I had an offer to fix at 30p kwh for 3 years. Being on business cintract and no chance of a smart meter i hope it pans out long term. But as i am currently on 60p a unit it will seem beter whatever.

 
Posted : 24/08/2023 2:03 pm
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I think energy prices are due another fall soon, so maybe wait and see before making a commitment

https://moneyweek.com/personal-finance/605440/will-energy-prices-go-down

'Although the price cap is forecast to drop by £251 - from £2,074 to £1,823 - for the final three months of this year, the actual saving most households will make will be a lot lower. The average household energy bill is set to fall by just £149 in real terms. This is because from October the regulator will change its calculations for how it works out the average energy bill.'

Nice one Ofgem

 
Posted : 24/08/2023 2:06 pm
 Chew
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Energy prices are forecasted to be similar for the foreseeable, so its probably not going to make much difference if you have a fixed/variable deal.

However, as the market begins to open up, now is the time to change suppliers if you're unhappy with your current one.

 
Posted : 24/08/2023 2:39 pm
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Energy prices are forecasted to be similar for the foreseeable

Cornwall Insights are predicting that they will increase in Q1 due to the strikes in Australia.

https://www.bbc.co.uk/news/business-66571542

Outguessing the people that do this for a living is very hard right now, the best offers will come if supplier start to get competitive again. I'm staying variable (Octopus) but I'm not convinced that's the right move.

 
Posted : 24/08/2023 2:50 pm
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i went solar+battery at a large investment, allows me to self generate, plus charge the batteries at a low rate. i chose this route as it's sort of secure, i pay this much now, and thats how much it costs.

 
Posted : 24/08/2023 2:56 pm
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Most fixed tariffs can be cancelled or changed within the fix period, weather it's worth doing so depends on any exit charges. British Gas offered me a fixed tariff with no exit fees, not sure if just changing to another BG tariff, or if I could move supplier without penalty. If it's £200 cheaper with low or no penalties I'd do that.

 
Posted : 24/08/2023 4:27 pm
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Shell sell me 100% green energy, has then sun got more expensive or not been out for the last 4 months?

In real terms. Yes.

 
Posted : 24/08/2023 6:06 pm
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I've just moved from the ~30p/Kw variable rate to Octopus Tracker (daily price change made up of wholesale price + whatever margin they have decided they want to make). I believe over a typical year its about 30% cheaper than variable BUT not sure what a typical year is anymore.

My plan if it goes crazy is I guess to buy a battery for my old solar panels and move to a peak:off peak tariff

 
Posted : 25/08/2023 8:57 am
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small cut in the EPC - £151 per year for the average house.

In the detail, the cost per unit has fallen by more and the standing charge gone up. I know a few have queried why that is in the past - Ofgem guy explained that it covers the fixed cost of supply - networks, call centres, etc. - and if they reduced or scrapped the SC then low users benefit disproportionately. Which might sound good for net zero reasons, etc., driving those behaviours, but their analysis suggested that the losers would be pensioners, disabled, and so on where there is less option but to keep houses warm.

So in essence we (I'm assuming most of us are generally not disabled pensioners, apologies to the few that are) are subsidising them through the SC on our bills which I don't have too much trouble with. You can argue the Gov should do it via warm homes allowances or whatever - but in the end that would be tax anyway, so we pay there too.

Or of course energycos take less profit.......

 
Posted : 25/08/2023 9:21 am
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