Notifications

Clear all

Joining the Renewable Heating Hub forums is completely free and only takes a minute. By registering you’ll be able to ask questions, join discussions, follow topics you’re interested in, bookmark useful threads and receive notifications when someone replies. When choosing your username, please note that it cannot be changed later, so we recommend avoiding brand or product names. Before registering, please take a moment to read the Forum Rules & Terms of Use so we can keep the community helpful, respectful and informative for everyone. Thanks for joining!

Electricity price predictions

MattEngineer · 2021-12-03T18:39:26Z

When the energy cap comes up for renewal I think it will rise to 26.5p per unit, any thoughts of the collective?

Page 12 / 116 Prev Next

Electricity, Tariffs, Monitoring & Providers

Last Post by Batpred 1 week ago

1,383 Posts

57 Users

754 Reactions

227.7 K Views

RSS

Kev M

(@kev-m)

Noble Member Member

Joined: 5 years ago

Posts: 1276

23/02/2022 1:31 pm

@batalto

that makes sense but it's a difficult balance between being cheap when the wind blows and expensive when it doesn't. It's not a good look for any government when relatively wealthy people with heat pumps, batteries and EVs can get even wealthier while those without struggle. I don't know what the answer is though, other than "storage" but that's easier said than done.

👍

ReplyQuote

batalto

(@batalto)

Noble Member Member

Joined: 5 years ago

Posts: 1092

23/02/2022 2:57 pm

@kev-m I would imagine some grid level storage and maybe green hydrogen production which you can then use when the network needs the power. If the cost is free who cares about round trip efficiency. Just make the hydrogen wherever you can with the extra electricity, store and burn. You could make it all summer long with all the extra PV and wind and then run down over winter - as long as you had the storage

12kW Midea ASHP - 8.4kw solar - 29kWh batteries
262m2 house in Hampshire
Current weather compensation: 47@-2 and 31@17
My current performance can be found - HERE
Heat pump calculator spreadsheet - HERE

👍

ReplyQuote

Derek M

(@derek-m)

Illustrious Member Member

Joined: 5 years ago

Posts: 4425

23/02/2022 3:23 pm

Posted by: @batalto

@kev-m I would imagine some grid level storage and maybe green hydrogen production which you can then use when the network needs the power. If the cost is free who cares about round trip efficiency. Just make the hydrogen wherever you can with the extra electricity, store and burn. You could make it all summer long with all the extra PV and wind and then run down over winter - as long as you had the storage

I was reading an article several days ago, where it was stating that two wind farm operators based in Scotland, had been paid to not generate approximately 50% of their possible output, because the grid infrastructure could not handle that amount of power. 🙄

This of course is a product of the inadequate forward planning and total lack of joined up thinking by the powers that be. 😡

A little bit of forethought would have said, do we spend millions of pounds installing high voltage DC undersea cables from Scotland to northern England, to get this power to the consumers, or do we use the excess capacity to produce Hydrogen gas which can be stored and used for power generation when the wind is not blowing.

Why was excess generating capacity, no doubt subsidised by the consumer/tax payer, allowed to be installed in the wrong place, in the first place? 🙄

ReplyQuote

prjohn

(@prjohn)

Estimable Member Member

Joined: 5 years ago

Posts: 125

23/02/2022 3:51 pm

Posted by: @derek-m

Posted by: @batalto

@kev-m I would imagine some grid level storage and maybe green hydrogen production which you can then use when the network needs the power. If the cost is free who cares about round trip efficiency. Just make the hydrogen wherever you can with the extra electricity, store and burn. You could make it all summer long with all the extra PV and wind and then run down over winter - as long as you had the storage

I was reading an article several days ago, where it was stating that two wind farm operators based in Scotland, had been paid to not generate approximately 50% of their possible output, because the grid infrastructure could not handle that amount of power. 🙄

This of course is a product of the inadequate forward planning and total lack of joined up thinking by the powers that be. 😡

A little bit of forethought would have said, do we spend millions of pounds installing high voltage DC undersea cables from Scotland to northern England, to get this power to the consumers, or do we use the excess capacity to produce Hydrogen gas which can be stored and used for power generation when the wind is not blowing.

Why was excess generating capacity, no doubt subsidised by the consumer/tax payer, allowed to be installed in the wrong place, in the first place? 🙄

This is very much a chicken and egg scenario, which comes first the energy or the storage? Plans in the pipeline 800mwh battery storage 2024 and new pump storage at Coire Glas, Loch Ness and Glenmuckloch. The issues are;

"They are not cheap to build - costs can run to £500m and more. They also take a long time to construct - between five to eight years.

Developers argue the current energy market does not have the mechanisms to make such major projects attractive to investors.

In addition, they cannot bid to sell electricity through the UK government's Contracts for Difference auction system, which offers 15-year long contracts." ( https://www.bbc.com/news/uk-scotland-highlands-islands-57510870)

The costs can be easily recovered from the wind farm £24.5 million costs to not produce. So maybe the government should subsidise building based on cost savings from wind generation. As mentioned previously the UK grid system is broken and this appears to be a feature of delayed storage solutions.

👍

ReplyQuote

Jeff

(@jeff)

Prominent Member Member

Joined: 5 years ago

Posts: 562

24/02/2022 8:16 am

The UK spot price and futures pricing for gas has been going down since the insane prices in December. Big jump after the Ukraine invasion last night. Still much less than the over 400 price we had in December so far at least.

👍

ReplyQuote

prjohn

(@prjohn)

Estimable Member Member

Joined: 5 years ago

Posts: 125

24/02/2022 11:06 am

A private members bill has just been introduced into parliament.

UK Government MUST End Unfair Charges To Off-Grid Households (10 Min Rule Bill - 23/02/2022)

👍

ReplyQuote

Andris

(@andris)

Estimable Member Member

Joined: 5 years ago

Posts: 124

24/02/2022 7:28 pm

@jeff I am glad now, that I took the 26p/kw fix price for a year, even if it seems crazy high after losing my 12p/kw price with Symbio.

16kw Samsung TDM ASHP. 8.4kw PV, power optimizers 20×420watt panels 6kw SolarEdge inverter.

👍

ReplyQuote

Jeff

(@jeff)

Prominent Member Member

Joined: 5 years ago

Posts: 562

24/02/2022 7:51 pm

Posted by: @andris

@jeff I am glad now, that I took the 26p/kw fix price for a year, even if it seems crazy high after losing my 12p/kw price with Symbio.

Price cap going up from £1971 to £3238 for an average home a possibility?

https://www.bbc.co.uk/news/business-60506940

This post was modified 4 years ago 2 times by Jeff

ReplyQuote

Mars

(@editor)

Illustrious Member Admin

Joined: 5 years ago

Posts: 4357

24/02/2022 9:59 pm

@Jeff, that is plain crazy. Wow. There are so many people that aren't going to be able to afford that.

Get a copy of The Ultimate Guide to Heat Pumps

Subscribe and follow our YouTube channel!

👍

ReplyQuote

Jeff

(@jeff)

Prominent Member Member

Joined: 5 years ago

Posts: 562

28/03/2022 2:20 pm

Very little wind for the last few days. 0.7% of energy from wind currently.

This post was modified 4 years ago by Jeff

👍

ReplyQuote

Jeff

(@jeff)

Prominent Member Member

Joined: 5 years ago

Posts: 562

14/04/2022 11:45 am

Screenshot 20220414 123804 com.android.chrome

Current and futures pricing has settled down a lot for UK gas. Back down to pre ukraine for todays gas.

The good weather, Norway outages back online, plenty of liquid gas shipments and more gas now flowing through ukraine again.

👍

ReplyQuote

Mars

(@editor)

Illustrious Member Admin

Joined: 5 years ago

Posts: 4357

16/04/2022 8:22 am

@Jeff, that's good news. It'll be interesting to see what happens over the summer, and whether October will lead to positive news when the tariff cap is revisited.

I'm still subscribed to the weekly local oil club newsletter and I see that kerosene went up again this week.

Get a copy of The Ultimate Guide to Heat Pumps

Subscribe and follow our YouTube channel!

ReplyQuote