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 67 / 67 Prev

Electricity, Tariffs, Monitoring & Providers

Last Post by JulianC 7 hours ago

796 Posts

41 Users

531 Reactions

143.7 K Views

RSS

JulianC

(@julianc)

Noble Member Member

Joined: 4 years ago

Posts: 329

27/08/2025 4:27 pm

@toodles interesting. This is just one view. Odd Greg says they don’t make money on energy retail. But Kraken makes money. The HP business is new and in growth. They say the Irish HP manufacturing business doesn’t have a P&L, but that’s not surprising as they don’t sell the cosy to anyone else. So the costs will be in the HP sales side.
Whilst this is one view, it would be good to see a comparison to another energy business. I’m sure they’ve all had a torrid time recently.

Daikin Altherma 3H HT 12kWh ASHP with Mixergy h/w cylinder; 4kW solar PV with Solic 200 electric diverter; Honda e and new Hyundai Ioniq 5 N electric vehicles with Myenergi Zappi mk1 charger

ReplyQuote

Diverted.Energy

(@diverted-energy)

Estimable Member Member

Joined: 3 years ago

Posts: 68

27/08/2025 4:28 pm

@julianc you may disagree.. but

How is it that Wholesale tends to be more expensive than the price HP tariffs are at during lowest rates.

Someone is paying for the difference..

ReplyQuote

Toodles

(@toodles)

Illustrious Member Contributor

Joined: 3 years ago

Posts: 2058

27/08/2025 4:52 pm

@diverted-energy Equally well, the 15 pence rate for Octopus Energy Outgoing Fixed is higher than the Cosy lowest band rate that I use to charge my Powerwall battery (27 KWh capacity) when solar energy lets me down; I very rarely use any juice during the higher rates so, as such, I suppose that OE are losing revenue from my account. Regards, Toodles.

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

ReplyQuote

JulianC

(@julianc)

Noble Member Member

Joined: 4 years ago

Posts: 329

27/08/2025 4:54 pm

@diverted-energy so that’s where I think you are wrong. Overnight prices can be 2p/kWh. I don’t have a detailed tracker, but on average they are less than 7p/kWh that I pay. Likewise the 27p/kWh I pay for day rate is above the quoted national rate. On average, the price dips in the morning and mid afternoon and then later evening, when Octopus Cosy gets its three 15p/kWh times.
So these different rates makes sense if you can time shift you’d use - we charge the EVs & run the dishwasher at night in winter. Or use the solar PV in summer.

Attached is wholesale price for today that I just pulled off the National Grid Live website. This is price per MWh so you have to divide by 1000 for a kWh cost. It varies between 14p and 6p/ kWh. Now this is wholesale, so you have to add business costs and profit. But you get the idea of the peaks and troughs.

This post was modified 7 hours ago by JulianC

Daikin Altherma 3H HT 12kWh ASHP with Mixergy h/w cylinder; 4kW solar PV with Solic 200 electric diverter; Honda e and new Hyundai Ioniq 5 N electric vehicles with Myenergi Zappi mk1 charger

ReplyQuote

Page 67 / 67 Prev