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.
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.
I was sent this petition link this morning (a tad late) pertaining to OFGEM’s price cap: https://chng.it/zHjftSzr47
Pre-order: The Ultimate Guide to Heat Pumps
Subscribe and follow our Homeowners’ Q&A heat pump podcast
Pre-order: The Ultimate Guide to Heat Pumps
Subscribe and follow our Homeowners’ Q&A heat pump podcast
OVO Power Move
https://www.ovoenergy.com/blog/ovo-news-power-move
OVO will contact customers directly who meet the criteria
Demand Flexibility Service DFS
It follows an earlier large scale Octopus trail
https://www.nationalgrideso.com/industry-information/balancing-services/demand-flexibility
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
@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.
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. ☹️
- 26 Forums
- 2,153 Topics
- 47.3 K Posts
- 38 Online
- 5,673 Members
Join Us!
Podcast Picks
Latest Posts
-
RE: Electricity price predictions
@tim441 Puts even more reason behind any proposal to ha...
By Toodles , 6 minutes ago
-
RE: Can you help with our research: solar panels, EV chargers, home batteries, heat pumps?
I have signed up as well. @belsnugg could you outline ...
By JamesPa , 1 hour ago
-
RE: New Vaillant aroTherm Plus in black - When will it come to the UK?
Ooh, heat pumps in neon blue wrap 🤣 🤣 &...
By Old_Scientist , 2 hours ago
-
@profzarkov Good to know in case it ever happens to me...
By bontwoody , 18 hours ago
-
RE: Are Octopuses Slowing Consumer Adoption of Heat Pumps?
I mean, is this surprising? The local installers in my ...
By Alex , 19 hours ago
-
@old_scientist sorry, I should have made it clear that ...
By GrahamF , 20 hours ago
-
RE: Mitsubishi Ecodan 11kw Defrosting Issue.
@thundermink can you provide photos to illustrate your ...
By Morgan , 20 hours ago
-
RE: Boiling Mad: Exposing Radiatorgate
Hi @Rob, I’d be more than happy to contribute. I have ...
By DREI , 23 hours ago
-
RE: Solar Power Output – Let’s Compare Generation Figures
@andris a great year - very happy with our system
By Profzarkov , 1 day ago
-
RE: A Customer's Lessons Learnt from a Heat Pump Installation in a Large House
After our rather lengthy meander off piste, I thought I...
By GrahamF , 1 day ago
-
RE: Midea ASHP – how to set weather compensation
@pash44pump - to collect the IAT/OAT data, can I sugges...
By cathodeRay , 1 day ago
-
RE: Ecodan software update. Real or scam?
@vinz86 Contact Mitsubishi and an engineer attends and ...
By ASHP-BOBBA , 2 days ago
-
@drei When I was in local government we were of cours...
By JamesPa , 2 days ago
-
RE: Heat Pump SCOPs – The Truth Might Not Be What You Think
Sufficient system volume is also essential for ensuring...
By Old_Scientist , 2 days ago
-
RE: Flexi-Orb Heat Pump Scheme: A Game-Changer for the UK's Heat Pump Industry
As someone who has suffered from a Heat Pump installati...
By DREI , 3 days ago
-
RE: What crazy nonsense are inverter limits and why are they imposed?
I’ve also got a dual fuel Rangemaster. We originally ha...
By Majordennisbloodnok , 3 days ago
-
RE: Octopus tariffs - a quick comparison
@tim441 I’d agree wholeheartedly with that, with 2 x Po...
By Toodles , 3 days ago
-
RE: is a home battery without an EV worth it?
You would think, but when I had my Powerwall 3 installe...
By Old_Scientist , 3 days ago