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Electricity price predictions

 
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Electricity, Tariffs, Monitoring, Electrics & Providers
Last Post by Batpred 1 month ago
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 batalto
(@batalto)
Noble Member Member
Joined: 5 years ago
Posts: 1092
12/09/2022 3:00 pm  

@prjohn my tariff at peak times is higher - just under 40p/kwh, so 6p higher than the 34p cap. I've messaged Octopus to see what they say.

As noted in the government document: "If you’re on a fixed tariff at a higher rate caused by recent energy price rises, your unit prices will be reduced by 17p/kWh for electricity and 4.2p/kWh for gas."

 


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


   
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Jeff
 Jeff
(@jeff)
Prominent Member Member
Joined: 5 years ago
Posts: 591
12/09/2022 3:08 pm  
Posted by: @batalto

@prjohn my tariff at peak times is higher - just under 40p/kwh, so 6p higher than the 34p cap. I've messaged Octopus to see what they say.

As noted in the government document: "If you’re on a fixed tariff at a higher rate caused by recent energy price rises, your unit prices will be reduced by 17p/kWh for electricity and 4.2p/kWh for gas."

From Octopus 

9am Monday 12 September

We've received most of the information such as unit rates which we need from government and our team have been working through this data over the weekend. We expect to start contacting customers with what this means for them, and their new rates from the 1 October, at the end of this week.



   
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 batalto
(@batalto)
Noble Member Member
Joined: 5 years ago
Posts: 1092
12/09/2022 3:09 pm  

be interested to see what they come back with. Given its a government rebate they are claiming I would expect them to just carte blanche the whole thing. There is no benefit to them in nuance. 


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


   
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 Derek M
(@derek-m)
Illustrious Member Member
Joined: 5 years ago
Posts: 4425
12/09/2022 3:10 pm  
Posted by: @batalto

@prjohn my tariff at peak times is higher - just under 40p/kwh, so 6p higher than the 34p cap. I've messaged Octopus to see what they say.

As noted in the government document: "If you’re on a fixed tariff at a higher rate caused by recent energy price rises, your unit prices will be reduced by 17p/kWh for electricity and 4.2p/kWh for gas."

 

Batalto,

Whilst getting the best deal was encouraged when we actually had an energy market that appeared to work, to help create competition and keep prices lower. We are now in an energy crisis where we should be encouraging everyone to save energy rather than squabble over who is getting the best deal.



   
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 prjohn
(@prjohn)
Estimable Member Member
Joined: 5 years ago
Posts: 125
12/09/2022 3:43 pm  

Batalto,

Whilst getting the best deal was encouraged when we actually had an energy market that appeared to work, to help create competition and keep prices lower. We are now in an energy crisis where we should be encouraging everyone to save energy rather than squabble over who is getting the best deal.

That worked whilst we were getting cheap gas, but the recent crisis has shown the weakness in the system. Whilst saving energy is easy to say you have to bear in mind that many have been saving energy for a long time so that resource is becoming increasingly difficult to utilise without financial help.


This post was modified 4 years ago by prjohn

   
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 batalto
(@batalto)
Noble Member Member
Joined: 5 years ago
Posts: 1092
12/09/2022 3:54 pm  

@derek-m I am not suddenly going to be firing up the bitcoin rigs and hot tubs overnight. My power use will probably be the same as ever. However given the range of fixed tariffs out there I expect there will be winners and losers with this kind of thing. Very interested to see how it plays out given the very ambiguous wording and blanket discounts.


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


   
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Transparent
 Transparent
(@transparent)
Famed Member Moderator
Joined: 4 years ago
Posts: 3134
12/09/2022 3:55 pm  

There's a discount for blankets?!

Wow... that's a great idea!


Save energy... recycle electrons!


   
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 prjohn
(@prjohn)
Estimable Member Member
Joined: 5 years ago
Posts: 125
12/09/2022 3:58 pm  

@transparent

41W2y 5s1kL. AC SL1500


   
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 Derek M
(@derek-m)
Illustrious Member Member
Joined: 5 years ago
Posts: 4425
12/09/2022 4:02 pm  
Posted by: @transparent

There's a discount for blankets?!

Wow... that's a great idea!

Yes, but what colour are they?



   
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 Derek M
(@derek-m)
Illustrious Member Member
Joined: 5 years ago
Posts: 4425
12/09/2022 4:04 pm  

@prjohn

I hate to burst your bubble, but that is not a picture of a blanket.



   
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 batalto
(@batalto)
Noble Member Member
Joined: 5 years ago
Posts: 1092
12/09/2022 5:50 pm  

@prjohn I literally have one of these from back in my uni days. Mine is a selk bag  https://www.selkbag.co.uk/


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
Transparent
 Transparent
(@transparent)
Famed Member Moderator
Joined: 4 years ago
Posts: 3134
12/09/2022 7:38 pm  

I've found one possible blanket online at Etsy and another from Amazon:

image

 


Save energy... recycle electrons!


   
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