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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?

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Electricity, Tariffs, Monitoring & Providers

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panelbeater

(@panelbeater)

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20/09/2022 11:38 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)

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Posts: 4427

23/09/2022 8:29 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)

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23/09/2022 8:55 pm

Screenshot 20220923 205248 com.android.chrome

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Jeff

(@jeff)

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23/09/2022 8:58 pm

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

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Mars

(@editor)

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26/09/2022 9:05 am

I was sent this petition link this morning (a tad late) pertaining to OFGEM’s price cap:

CHNG.IT "https://chng.it/zHjftSzr47"

Petition · Help FIGHT Ofgem's plans to increase the price cap further! - United Kingdom · Change.org

Ofgem have made over 20 incremental increases to the price cap during the energy crisis, outside of the wholesale energy cost increases. These are decisions Ofgem have made to further increase inidividual elements of the cap. They consult on every decision, but because the public aren't aware of these consultations, the energy suppliers often get their own way! So we're grouping together to get in

Pre-order: The Ultimate Guide to Heat Pumps

Subscribe and follow our Homeowners’ Q&A heat pump podcast

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Mars

(@editor)

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28/09/2022 12:18 pm

First scam text message received.

Pre-order: The Ultimate Guide to Heat Pumps

Subscribe and follow our Homeowners’ Q&A heat pump podcast

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Kev M

(@kev-m)

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28/09/2022 1:50 pm

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

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Jeff

(@jeff)

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06/10/2022 5:58 pm

OVO Power Move

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

OVO will contact customers directly who meet the criteria

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Jeff

(@jeff)

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06/10/2022 6:01 pm

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

Households face three-hour blackouts as winter electricity shortage looms | The Independent

Gas shortages could lead to blackouts in parts of the UK to protect supplies for heating homes

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)

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Posts: 172

10/10/2022 11:31 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

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10/10/2022 12:57 pm

@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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10/10/2022 1:01 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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