Posted by: @lucia

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@jamespa I'm assuming he means a tariff specifically and uniquely offered for heat pumps - the heat pump itself would be metered. That's what I'm responding to.

I thought so, I asked because @gary above quotes suggests that octopus cosy is an existing example, but it isn't its a ToU tariff marketed for heat pumps (whereas the ovo tariff appears to be a genuine heat pump tariff)..

@gary Cosy is not unique to heat pumps. It's just an electricity tariff that 'may' be useful for heat pumps.

@jamespa The Octopus ‘Cosy’ tariff is very clever marketing that hits the nail on the head; peaker plants are expensive and I suspect more expensive to operate than effective uptake of schemes such as Octopus Energy offer. Yes, I am in the fortunate position of being able to ‘download’ my energy when cheapest and store it for later use but I also feel this will help reduce the demand that requires so many peaker plant-hours that are so expensive and dirty to operate.

It sounds as though more research and development time needs to be expended on effective smart meter employment and roll-out to enable EVERYONE to be able to avail themselves of TOU schemes.

Regards, Toodles.

Posted by: @toodles

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Or to put it another way: Why are we being charged a levy that subsidises the use of fossil fuel derived gas, for using cleaner / clean  electricity?

But the question asked was should heat pumps get cheaper electric, not should electric carry a levy.  Agree they should not add anything to electric, but that should apply to ALL electric, not just heat pump electric.

@jamespa I feel that OE have probably re-jigged the Cosy tariff (I call it Cosy MK11) so that more users will find it simpler to heat their homes using an HP as the (now) 8 hours of dipped rate spread a little more evenly over the 24 will enable the more creative user to utilise those hours advantageously and possibly not have to resort to the ‘spensive hours at all. Leaving out the peaker plant highest demand hours is not likely to cause any discomfort to most HP users. Regards, Toodles.

@lucia Certainly is - and for everything else!😉 Toodles.

Posted by: @toodles

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@jamespa I feel that OE have probably re-jigged the Cosy tariff (I call it Cosy MK11) so that more users will find it simpler to heat their homes using an HP as the (now) 8 hours of dipped rate spread a little more evenly over the 24 will enable the more creative user to utilise those hours advantageously and possibly not have to resort to the ‘spensive hours at all. Leaving out the peaker plant highest demand hours is not likely to cause any discomfort to most HP users. Regards, Toodles.

Indeed.  Its fundamentally a ToU tariff designed to do some grid balancing, but tweaked to make it useful for a particular purpose.  Makes sense.  If you want a pure ToU tariff choose Agile! 

@johnmo I agree, it should apply to all those electrons, regardless of the tariff or supplier. Toodles.

@jamespa Indeed - The Sport of Kings!!! Toodles.😉

Our electric today is 99% wind and the rest from hydro. Why we are even paying gas rigged pricing or any levies is beyond me. It really should be on parity with current gas prices, not nearly 4x the cost.

@johnmo Getting rid of the price differentia might go some way towards consumers migrating to being ‘all - electric’ consumers, or at least encouraging them to move in that direction. At present, the cost of heating with electricity with a COP of 3.5 to 4.0 is likely to be on a par with using gas but were the electrons sold at a ‘fair’ price, I feel sure many potential sales of new heating systems would lean towards heat pumps where practicable. Regards, Toodles.

Interesting to see whether the market will move to Time of Use (Octopus) or Type of Use (OVO) tariffs...