Posted by: @toodles

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@jeff I am very sorry, but with my very limited sight, that report is definitely TL and therefore, I DR, would anyone care to waste their valuable time reading it and provide a brief summary here please? I would be most grateful! Regards, Toodles. (Are Government reports financed by their word count I wonder?)

Sure.

Basically:

1. Zonal wholesale pricing isn't going ahead. Too much risk. I won't dwell on the points as it is what it is now, no zonal wholesale pricing 

2. There are going to be changes behind the scenes regarding connection and network costs to encourage generation and storage to be located where it is needed rather than the rather ad hoc approach 

3. There is going to be a new Strategic Spatial Energy Plan (SSEP) again to get storage and generation in the right location.

4. Continued investment in wires to get electricity  moved around the country.

4. There is going to be further work on potential Power Purchase agreements to encourage new data centers etc to be located where there is excess electricity.

There are some other points but that is basically it.

@jeff Many, Many thanks Jeff, that is far easier to read! I hope they can manage to cause Data Centre plans to evolve around ‘power plenty’ areas - it makes such good sense! OE’s. Greg Jackson will be disappointed about no zonal pricing though. Regards, Toodles.

Posted by: @toodles

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@jeff Many, Many thanks Jeff, that is far easier to read! I hope they can manage to cause Data Centre plans to evolve around ‘power plenty’ areas - it makes such good sense! OE’s. Greg Jackson will be disappointed about no zonal pricing though. Regards, Toodles.

Short video from Greg on the announcement

https://twitter.com/g__j/status/1943259384550719827

@jeff And now for something I have never noticed before! I have had a few days recently where no grid energy has been used by us at all; on those days, instead of the usual 42 pence standing charge, it is a charge of 2 pence. Umm anyone else experienced this? Regards, Toodles.

@toodles I have noticed that on some.days it takes a while to update the costs on the Octopus energy usage page or in the app. If not, I would be keen to try this out too. We import very less from the grid from May to August, and the standing charges make.up the most of the electricity bill. I would happily forgo a bit of export payments for no standing charges!

@chandykris I shall keep my eye on the OE app to see how this pans out but, as far as I am aware that SC is sacrosanct and cannot be by-passed by any mere mortals, therefore I fear it may yet prove to be a delay or error in the accounting system (perhaps Kraken is feeling the heat right now!)😉. Regards, Toodles.

@toodles Few days in the year when I wish we had gone for an A2A heat pump than the current A2W system!

@chandykris Horses and beggars…. 😉

Toodles.

Posted by: @abernyte

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I thought that they brought in CfD to stop this merry go round, but the clowns set the strike price too low and all the value now flows back to the generators meaning that the consumer ends up paying for over priced energy from the spot market.

It is a crazy situation. It also seems not enough 400kv grid upgrades were made, and at least no sizeable connection from farms to the Netherlands! 

An observer like me is now considering solar. This is hardly DIY and it does not deliver power in the months that I will  need. 

And given the tensions and potential pressure to achieve quick results, will the grid stability (which is hardly perfect for me) suffer? So having the ability to survive a few hours outage is not something to overlook.