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Jeff
 Jeff
(@jeff)
Intermediate Member
1053 kWhs
Joined: 1 year ago
Posts: 252
 

There is an article in the Daily Telegraph today about gas supply and usage etc now and over winter just in case anyone is interested. 

Probably more balanced than usual for the Daily Telegraph, depending on your political leaning. 

The Press Reader app is quite good if you don't use it already. With my library card i can use the app for free to read quite a lot of magazines and newspapers.

I won't post the contents of the article due to copyright. 

 


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Mars
 Mars
(@editor)
Member Admin
3040 kWhs
Joined: 2 years ago
Posts: 1195
 

Just read this worrying article that these crazy prices could be around until 2024.

https://apple.news/AhYoIIgZBTvGofxOoO0EBlw

Caernarfon 18kW ASHP from Global Energy System – 6.16kW solar PV array
Follow our sustainability journey at My Home Farm
Our heat pump installation: https://youtu.be/c3V0k_GeFOo


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Diverted.Energy
(@diverted-energy)
Beginner Member
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Posts: 31
 

@editor has petrol ever gone down more than a few pence? On the whole, its always up..

Days of cheap energy are over..

2024 is dependent on gas supply, renewables and nuclear installation, currently there are no plans ever to reintroduce Russian gas into the EU. Russia is the new N Korea and will be isolated for years, even decades and this is a strain on supply.

I installed Solar at 4.5p/kwh, people laughed at me, told me not to waste money on a fantasy, where I said one day you'll regret these words. Today they face crippling bills as they refused to listen to me. People laugh when I say what may be coming in Winter - until I explain the Energy Mix issue where they turn pale.

There is a disconnect between gas and electricity, and how much now expensive gas is used to produce it.

I managed to get two elderly relatives onto 2year Scottish Power deals in March where again, Martin Lewis, local energy advisers were saying not to.

They'll lose £200 against the capped rate April until October but they're protected against the next two Winters saving already £1500 each against predictions until April '24.

The ONLY way to protect yourself from current and future events is simple - stop buying it and make abd use your own. I'll set up post on petition at weekend as on holiday.

I'm currently camping, there are a lot of LPG gas bottles being taken home this Autumn that would normally be left in stored caravans over winter - seems people do actually listen to me.

This post was modified 2 weeks ago 2 times by Diverted.Energy

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Jeff
 Jeff
(@jeff)
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Posts: 252

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HughF
(@hughf)
Regular Member
567 kWhs
Joined: 4 months ago
Posts: 82
 

I'm actually not going to be in such a rush to move over from a smart prepayment meter as I was before the price cap increases - at least we're protected from stupid direct debit increases and the issue of having to claw back unused funds. The standing charge is marginally more but that just blends into the noise nowadays.

And I can top it up online with a cashback credit card 😀

Off grid on the isle of purbeck
2.4kW solar, 10kWh LiFePo4, Outback power systems 3kW inverter/charger, solid fuel heating, 10 acres.

My wife’s house: 1946 3 bed end of terrace in Somerset, GSH, DG, work in progress


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ChickenBig
(@chickenbig)
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Posted by: @diverted-energy

Days of cheap energy are over..

The spot-price of gas is somewhat high at the moment, currently 373p/therm. 1 therm = 29.3kWh, which assuming 55% efficiency of a CCGT power station means electricity fuel costs are 23p/kWh. However I am not sure what the relationship is between wholesale gas prices and the price paid by power stations, so that may just be an upper bound on the electricity prices.

At these prices it starts to make smokeless coal look like the (heating) fuel of the future; 25kg of ecoal could work out at around 7p/kWh. Plus coal can be stored in bulk. Perhaps it is worth hedging one's bets by spending £1,500 on a multi-fuel stove! Not that this helps with electricity costs.

This post was modified 2 weeks ago by ChickenBig

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Jeff
 Jeff
(@jeff)
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Mike Patrick
(@mike-patrick)
Regular Member
468 kWhs
Joined: 1 year ago
Posts: 77
 

Update on EDF fixed rates.

I'm currently on at 2 yr fixed (Feb 2022 - Feb 2024) tariff at 34p per kWh electricity.

Last month I reported their 2 year rate at 61p/kWh

Only 4 weeks later they are now quoting 69.78p/kWh for a 2 year fix.

Mike

Grant Aerona HPID10 10kWh ASHP


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Jeff
 Jeff
(@jeff)
Intermediate Member
1053 kWhs
Joined: 1 year ago
Posts: 252
 
Posted by: @mike-patrick

Update on EDF fixed rates.

I'm currently on at 2 yr fixed (Feb 2022 - Feb 2024) tariff at 34p per kWh electricity.

Last month I reported their 2 year rate at 61p/kWh

Only 4 weeks later they are now quoting 69.78p/kWh for a 2 year fix.

Mike

Just shows how dramatic the rate differences are

OVO are quoting 58.24p/kWh today on a 2 year. 

 


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Mike Patrick
(@mike-patrick)
Regular Member
468 kWhs
Joined: 1 year ago
Posts: 77
 

Today the 2 year fixed rate from EDF is now 76.8p/kWh.

That's a 10% increase in just 1 week.

 

Mike

Grant Aerona HPID10 10kWh ASHP


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Jeff
 Jeff
(@jeff)
Intermediate Member
1053 kWhs
Joined: 1 year ago
Posts: 252
 
Posted by: @mike-patrick

Today the 2 year fixed rate from EDF is now 76.8p/kWh.

That's a 10% increase in just 1 week.

 

Mike

OVO two year inc VAT

Electricity

Unit rate:
60.68p/kWh
Standing charge:
46.54p/day

Gas

Unit rate:
17.57p/kWh
Standing charge:
27.52p/day

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Transparent
(@transparent)
Member Moderator
1122 kWhs
Expert
Joined: 7 months ago
Posts: 168
 

The UK Government guaranteed to pay EDF a whopping £92.5 per MWh produced by Hinkley-C when the initial contracts were signed.

Even though it's inflation-linked, that deal now looks like a bargain.

I could buy myself the largest electric van, add another layer of battery on the load-compartment floor and drive to Hinkley once a week to 'fill up'. That should keep the house lights on at less than I'd pay a domestic energy supplier.  😜 

Save energy... recycle electrons!


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Diverted.Energy
(@diverted-energy)
Beginner Member
220 kWhs
Joined: 4 weeks ago
Posts: 31
 

it will one day fall again, never as low as it was but that bargain won't last long.

Especially as Gas gets diluted more out the mix. I was and will always be a bad deal.


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Diverted.Energy
(@diverted-energy)
Beginner Member
220 kWhs
Joined: 4 weeks ago
Posts: 31
 

@mike-patrick take that as an indication of things to come:

They are predicting what the actual cost is going to be over the next two years, that means 80% on this October CAP is not high enough to expectations. They use formulas to calculate those contracts and that is beyond frightening.

I signed Mum and Mum in law to Scottish Power in March when people were telling me I was stupid - the same people are now facing Octobers rise and regret not listing to me. Zero Exit fees per fuel at 32p/kwh E and 10p/kwh G. They are set to save £1200 each over the next 12 months based on Octobers rises.

Mum in law was straightforward over the phone, Mum's wasn't, I signed her up via the Internet, 2 weeks later and numerous calls, they claimed it had not gone through, negative credit (£650 in Credit), meter number failure (meter checked and fine), so many more excuses not to allow it to connect then finally "we are not taking customers on".

In the end, I threatened court for breach of contract as I'd received email confirmation and twice in the first week told me all was good, just need to wait. Outcome, they put on a temporary tariff at £289 per month to action the transfer and back dated the transfer to the £124.50 the original tariff was. In 4 weeks it had risen that much.

Fair play, they finally honoured it, but is was 14 hours on the phone and willingness to bring in the Ombudsman and Court proceedings. They are both now on 2yr until Sept 24.

Yet, Martin Lewis was still spouting "Do Nothing".. the advice should have been like we did, sign up with a low or Zero exit fee and see how things go over summer while usage was low and losses were minimal. It would have been apparent between October and April - and again March until June that staying in contract was the best option. If it wasn't and looked like increases were more favourable on Capped, then you could have just cancelled and dropped back to Variable. Do Nothing was VERY BAD advice.

This post was modified 2 days ago 3 times by Diverted.Energy

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