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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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Toodles

(@toodles)

Famed Member Contributor

Joined: 4 years ago

Posts: 2711

24/11/2023 5:36 pm

@iancalderbank I’ve moved over to Cosy today; just saw the Agile rates for late tonight and tomorrow which at their lowest, are higher than the lowest Cosy periods. As the man falling from the 93rd. floor of a building shouted at the 73rd. floor, ‘So far - So good’! 😉 (Even without a log burner!)

Regards, Toodles.

Toodles, heats his home with cold draughts and cooks food with magnets.

👍

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AllyFish

(@allyfish)

Prominent Member Contributor

Joined: 3 years ago

Posts: 518

24/11/2023 6:22 pm

Welcome to the Cosy corner @Toodles. We pay an average of 20.4p/kWh including VAT & standing charge. 88% of our electricity import is at the low rate. Batteries charged 4am - 7am & 1pm - 4pm. Hot water generated from 1pm - 2pm.

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Toodles

(@toodles)

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Joined: 4 years ago

Posts: 2711

24/11/2023 6:37 pm

@allyfish Thank you for the welcome AllyFish, my aim (with 27kW/hours of storage) is to try and only use any grid supply during the Cosiest hours - I just hope I don’t veer off target.😉 Regards, Toodles.

Toodles, heats his home with cold draughts and cooks food with magnets.

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Andris

(@andris)

Estimable Member Member

Joined: 5 years ago

Posts: 127

24/11/2023 6:59 pm

@allyfish

I don't have battery, but as the house is a new build, I do have 22 t concrete to use, to store the heat. So with octopus GO 0:30-4:30am am 9p/kw heat the whole house hard with raised flow temp. Also run the immersion heater till water is 60c in 250 liter tank. This lasts me the whole day usaly. The Pv tops up hot water if there is any excess the house uses the rest. During the day it is 29p./kw This gives me an average if 16p/kw.

Once I have an EV and a wall. Charger I can get even cheaper around 7p and use 6 hours with inteligent octopus GO. Of it is true then sometimes even free energy during some parts of the day.

16kw Samsung TDM ASHP. 8.4kw PV, power optimizers 20×420watt panels 6kw SolarEdge inverter.

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Mars

(@editor)

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Joined: 5 years ago

Posts: 4519

08/12/2023 9:49 am

Just got our latest price increase from E.ON. With each increase the standing charge goes up too, which is inexplicable.

And I loved the little PS message from E.ON: From 1 February 2024 your tariff, Next Flex, will no longer come with 100% renewable electricity as standard and your terms and conditions will be updated.

There’s an ambiguity here given that a portion of the standing charge should contribute to environmental programs and renewable energy incentives.

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Derek M

(@derek-m)

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Joined: 5 years ago

Posts: 4425

08/12/2023 9:54 am

@editor

Have you considered 'Octopus Tracker'? Today's price in our area is 18.27p and I'm quite certain our standing charge is lower than yours.

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Mars

(@editor)

Illustrious Member Admin

Joined: 5 years ago

Posts: 4519

08/12/2023 10:01 am

@derek-m, the smart metre is a potential issue for us to use the flexible tariffs. Our metre is in a horrible location, but that’s something we need to figure out.

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Tim441

(@tim441)

Honorable Member Contributor

Joined: 3 years ago

Posts: 398

08/12/2023 10:03 am

Octopus Tracker has consistently been well below standard rates for the whole of 2023. Notable that during cold snap last week with lack of wind the "spike" in rates was still well under standard rates

Listed Grade 2 building with large modern extension.
LG Therma V 16kw ASHP
Underfloor heating + Rads
8kw pv solar
3 x 8.2kw GivEnergy batteries
1 x GivEnergy Gen1 hybrid 5.0kw inverter
Manual changeover EPS
MG4 EV

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Toodles

(@toodles)

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08/12/2023 10:27 am

@editor Mars, would you like an Octopus Energy referral code?!;-)

Toodles, heats his home with cold draughts and cooks food with magnets.

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Transparent

(@transparent)

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Joined: 4 years ago

Posts: 3157

08/12/2023 12:00 pm

Posted by: @editor

↑

Our metre is in a horrible location, but that’s something we need to figure out.

That applies to you and 3-million+ other sites that have Smart Meters which are non-functional for a variety of reasons.
It's around 10% of the total number of households in GB (NI have different electricity regulations and aren't part of the National Smart Meter Network).

This is an issue for the SEC (Smart Energy Code) group to sort out in collaboration with DCC, who they oversee.

DESNZ and the Parliamentary Select Committees are aware of the overall situation, but there is a wide range of causes that have built up to create this unacceptable situation. See this Report from the Public Accounts Committee dated 20th Oct'23.

I've read a lot of the background documentation, which has changed significantly over the past 3 years, but not for the better.

Smart Meter installation/commissioning documents used to be informative and helpful.

The current editions read more like legal jargon. They attempt to specify a range of failures and which party gets penalised for their shortcomings.
It's uninspiring, and adds to the complexity of trying to recruit and train smart meter engineers.

Save energy... recycle electrons!

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ChickenBig

(@chickenbig)

Reputable Member Member

Joined: 4 years ago

Posts: 292

08/12/2023 12:56 pm

Posted by: @transparent

↑

That applies to you and 3-million+ other sites that have Smart Meters which are non-functional for a variety of reasons.

And when 2G/3G networks are retired that number may rise!

21. ... The Department told us that it considers this replacement exercise will cost ‘about’ £2 for each household.

This number may rise a bit.

ASSETS.PUBLISHING.SERVICE.GOV.UK "https://assets.publishing.service.gov.uk/media/5d7f54c4e5274a27c2c6d53a/smart-meter-roll-out-cost-benefit-analysis-2019.pdf"

states

The average cost of SMETS1 and SMETS228 communications hubs across the roll-out are both £28.

So I guess £2 is nearly right, just out by an 8! Plus installation costs ...

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Transparent

(@transparent)

Famed Member Moderator

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Posts: 3157

08/12/2023 5:03 pm

Posted by: @chickenbig

↑

And when 2G/3G networks are retired that number may rise!

It won't be happening that way around.

There will first be a number of Communication Hubs approved for operation on a 4G network.
Then a meter engineer will arrive on-site and change the existing Comms Hub for a new one.

No one is contemplating there being a period where the 3G coverage is decommissioned prior to the new Hubs being available.

Remember too that the Comms Hubs require a very slow data rate. They can still communicate satisfactorily with a transmitter tower when a mobile phone would be telling you that there's 'no signal'.

Save energy... recycle electrons!

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