Search with Wattson

Notifications

Clear all

Joining the Renewable Heating Hub forums is completely free and only takes a minute. By registering you’ll be able to ask questions, join discussions, follow topics you’re interested in, bookmark useful threads and receive notifications when someone replies. Non-registered members also do not have access to our AI features. When choosing your username, please note that it cannot be changed later, so we recommend avoiding brand or product names. Before registering, please take a moment to read the Forum Rules & Terms of Use so we can keep the community helpful, respectful and informative for everyone. Thanks for joining!

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?

Page 40 / 133 Prev Next

Electricity, Tariffs, Monitoring, Electrics & Providers

Last Post by Majordennisbloodnok 6 hours ago

1,586 Posts

60 Users

836 Reactions

331.4 K Views

RSS

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.

👍

ReplyQuote

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.

ReplyQuote

Jeff

(@jeff)

Noble Member Member

Joined: 5 years ago

Posts: 633

23/09/2022 8:55 pm

Screenshot 20220923 205248 com.android.chrome

ReplyQuote

Jeff

(@jeff)

Noble Member Member

Joined: 5 years ago

Posts: 633

23/09/2022 8:58 pm

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

ReplyQuote

Mars

(@editor)

Illustrious Member Admin

Joined: 5 years ago

Posts: 4727

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!

ReplyQuote

Mars

(@editor)

Illustrious Member Admin

Joined: 5 years ago

Posts: 4727

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!

ReplyQuote

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. ☹️

ReplyQuote

Jeff

(@jeff)

Noble Member Member

Joined: 5 years ago

Posts: 633

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

ReplyQuote

Jeff

(@jeff)

Noble Member Member

Joined: 5 years ago

Posts: 633

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

ReplyQuote

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

ReplyQuote

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.

ReplyQuote

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. ☹️

ReplyQuote