that's not bad, especially with batteries.  I've just given my first reading to my new supplier BG at 20.3p/kWh and 23.8 standing. 

Posted by: @witchcraft

@editor Much worse than that!  This is with a loyal customer discount, the basic GO tariff is worse

Day rate	29.36p per kWh
Night rate	15.36p per kWh
Standing charge	24.10p per day

Is this a fixed 12 month tariff or the Flexible Octopus ofgem price capped rate for you? 

These kind of rates make batteries a no brainer. 14p per kW. 10kw batteries pay out £1.40 a day of charge. Ignoring solar say you use them for 150 days (5 months from October to march) that's £210 a year. Then you get all the free energy over the shoulder and summer months.

If you can get the batteries at a decent price with a good inverter you could easily use a 5kw inverter over that period to store up to 35kW.

I didn't state it on my post earlier, but in 2020 I used 3,600kW of gas in November. This year it was 1,060kW of electricity. Obviously the weather is a factor, but interesting to compare

Really useful comparison.

Thanks

Posted by: @witchcraft

@Jeff Isn't that open though to a big old price rise when the Gov't alter the cap in the New Year? At least (and its a tiny crumb of comfort) I am now on a fix for the next 12 months

 

The current assumptions are up to 30% increase in the price cap in April

Obviously impossible to know which will turn out best.

I don't know whether you would be better off going for a cheaper rate over winter and see what happens as April approaches.

Perhaps piece of mind is worth it. 

I can't see Octopus offering a fix that they think they will make a loss on.  That's what all the smaller suppliers did and look what happened to them.  I think the fix is a the very high end of where they expect prices to be. 

I think it's worth going variable over winter as you'll be saving nearly 10p/kWh compared with a fix.  That's a lot of money for an ASHP user. You'd have to have the next winter at 40p/kWh to wipe that out and I can't see that happening.  

I agree with @jeff and it's currently looking like 26-27p after April. 

@Jeff Isn't that open though to a big old price rise when the Gov't alter the cap in the New Year? At least (and its a tiny crumb of comfort) I am now on a fix for the next 12 months

The current assumptions are up to 30% increase in the price cap in April

Obviously impossible to know which will turn out best.

I don't know whether you would be better off going for a cheaper rate over winter and see what happens as April approaches.

Perhaps piece of mind is worth it. 

@editor Much worse than that!  This is with a loyal customer discount, the basic GO tariff is worse

Is this a fixed 12 month tariff or the Flexible Octopus ofgem price capped rate for you?