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Electricity price predictions

 
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Electricity, Tariffs, Monitoring, Electrics & Providers
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 panelbeater
(@panelbeater)
New Member Member
Joined: 5 years ago
Posts: 4
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)
Illustrious Member Member
Joined: 5 years ago
Posts: 4425
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
(@jeff)
Noble Member Member
Joined: 5 years ago
Posts: 642
23/09/2022 8:55 pm  
Screenshot 20220923 205248 com.android.chrome


   
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Jeff
 Jeff
(@jeff)
Noble Member Member
Joined: 5 years ago
Posts: 642
23/09/2022 8:58 pm  

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



   
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Mars
 Mars
(@editor)
Illustrious Member Admin
Joined: 5 years ago
Posts: 4763
26/09/2022 9:05 am  

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

 


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Mars
 Mars
(@editor)
Illustrious Member Admin
Joined: 5 years ago
Posts: 4763
28/09/2022 12:18 pm  

First scam text message received.

8C027579 B4D8 4F71 9EF8 471CCCD02C10

 


New to heat pumps? Take the Heat Pump Fundamentals course and use INTRO50 at checkout for 50% off.
Rewritten and updated for 2027
📘 From Zero to Heat Pump Hero
🛠️ Bodge Buster
🎧 Prefer to listen? Heat Pumps Explained


   
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 Kev M
(@kev-m)
Noble Member Member
Joined: 5 years ago
Posts: 1276
28/09/2022 1:50 pm  

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



   
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Jeff
 Jeff
(@jeff)
Noble Member Member
Joined: 5 years ago
Posts: 642
06/10/2022 5:58 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
Joined: 5 years ago
Posts: 642
06/10/2022 6:01 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
Joined: 5 years ago
Posts: 196
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
(@kev-m)
Noble Member Member
Joined: 5 years ago
Posts: 1276
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)
Illustrious Member Member
Joined: 5 years ago
Posts: 4425
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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