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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, Electrics & Providers

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panelbeater

(@panelbeater)

New Member Member

Joined: 4 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)

Prominent Member Member

Joined: 5 years ago

Posts: 591

23/09/2022 8:55 pm

Screenshot 20220923 205248 com.android.chrome

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Jeff

(@jeff)

Prominent Member Member

Joined: 5 years ago

Posts: 591

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)

Illustrious Member Admin

Joined: 5 years ago

Posts: 4474

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

Get a copy of The Ultimate Guide to Heat Pumps

Subscribe and follow our YouTube channel!

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Mars

(@editor)

Illustrious Member Admin

Joined: 5 years ago

Posts: 4474

28/09/2022 12:18 pm

First scam text message received.

Get a copy of The Ultimate Guide to Heat Pumps

Subscribe and follow our YouTube channel!

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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)

Prominent Member Member

Joined: 5 years ago

Posts: 591

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)

Prominent Member Member

Joined: 5 years ago

Posts: 591

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: 193

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)

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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)

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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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