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Electricity price predictions

 
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Electricity, Tariffs, Monitoring & Providers
Last Post by Judith 4 months ago
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 panelbeater
(@panelbeater)
Active Member Member
32 kWhs
Joined: 3 years ago
Posts: 4
20/09/2022 10:38 am  

i believe the new rule is the ultra high fixed will be able to leave with no cost and rejoin at the fixed tariff that is coming in.also those on a higher fixed but not ultra high will be dropped down to the new fix.


   
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 Derek M
(@derek-m)
Illustrious Member Moderator
14426 kWhs
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Joined: 3 years ago
Posts: 4275
23/09/2022 7:29 pm  

Whilst I try not to be political, has anyone noticed that our new Chancellor would appear to have tanked the pound sterling by 3.6% against the US dollar, in his obvious desire to make the rich, richer.

Since gas and oil are priced in US dollars, I suspect it will not be too good for the not so rich.


   
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Jeff
 Jeff
(@jeff)
Noble Member Member
2615 kWhs
Joined: 3 years ago
Posts: 425
23/09/2022 7:55 pm  
Screenshot 20220923 205248 com.android.chrome

   
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Jeff
 Jeff
(@jeff)
Noble Member Member
2615 kWhs
Joined: 3 years ago
Posts: 425
23/09/2022 7:58 pm  

Gas prices are very volatile anyway, much more than 3% a day typically 


   
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Mars
 Mars
(@editor)
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Joined: 3 years ago
Posts: 2439
26/09/2022 8:05 am  

I was sent this petition link this morning (a tad late) pertaining to OFGEM’s price cap: https://chng.it/zHjftSzr47

 

Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb

Follow our sustainability journey at My Home Farm: https://myhomefarm.co.uk


   
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Mars
 Mars
(@editor)
Illustrious Member Admin
18462 kWhs
Veteran
Joined: 3 years ago
Posts: 2439
28/09/2022 11:18 am  

First scam text message received.

8C027579 B4D8 4F71 9EF8 471CCCD02C10

 

Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb

Follow our sustainability journey at My Home Farm: https://myhomefarm.co.uk


   
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 Kev M
(@kev-m)
Famed Member Moderator
5562 kWhs
Joined: 3 years ago
Posts: 1299
28/09/2022 12:50 pm  

@editor I got that one a few days ago. ☹️


   
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Jeff
 Jeff
(@jeff)
Noble Member Member
2615 kWhs
Joined: 3 years ago
Posts: 425
06/10/2022 4:58 pm  

OVO Power Move

https://www.ovoenergy.com/blog/ovo-news-power-move

OVO will contact customers directly who meet the criteria


   
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Jeff
 Jeff
(@jeff)
Noble Member Member
2615 kWhs
Joined: 3 years ago
Posts: 425
06/10/2022 5:01 pm  

 

https://www.independent.co.uk/news/uk/home-news/home-blackouts-gas-electricity-pay-off-peak-b2196903.html

Demand Flexibility Service DFS

It follows an earlier large scale Octopus trail

https://www.nationalgrideso.com/industry-information/balancing-services/demand-flexibility

 


   
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 Mike Patrick
(@mike-patrick)
Reputable Member Member
1624 kWhs
Joined: 3 years ago
Posts: 152
10/10/2022 10:31 am  

Although the government subsidised price cap doesn't help me (I fixed a 2 year price in February at slightly below the new cap - I'm electric only) I've just noticed that the differential between the capped gas and capped electricity prices has narrowed to a factor of about 3.5. Last time I looked (before Ukraine invasion) electricity was about 5x more expensive than gas, per kWh.

I wonder if this is just happenstance or deliberate policy? If the latter and it is to be maintained then it improves the case for ASHPs, bringing the price difference very much more within their achievable efficiency. One more dis-incentive removed. Just need the EPC rating system to change now.

 

Mike

Grant Aerona HPID10 10kWh ASHP


   
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 Kev M
(@kev-m)
Famed Member Moderator
5562 kWhs
Joined: 3 years ago
Posts: 1299
10/10/2022 11:57 am  

@mike-patrick I don't think it's a coincidence. When you add the fact that even a new gas boiler is only up to 90% efficient (and old ones are a lot less) then the differential is less.  Mains gas was far too cheap and there was no real cost pressure to use less.


   
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 Derek M
(@derek-m)
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14426 kWhs
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Joined: 3 years ago
Posts: 4275
10/10/2022 12:01 pm  
Posted by: @kev-m

@mike-patrick I don't think it's a coincidence. When you add the fact that even a new gas boiler is only up to 90% efficient (and old ones are a lot less) then the differential is less.  Mains gas was far too cheap and there was no real cost pressure to use less.

There is now. ☹️


   
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