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Who's your electricity provider and what's your tariff?

 
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Electricity, Tariffs, Monitoring & Providers
Last Post by Jeff 1 week ago
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Jeff
 Jeff
(@jeff)
Noble Member Member
Joined: 4 years ago
Posts: 487
01/03/2022 9:47 am  

Not my tariff. 

45.52p for electricity, 16.16 for gas being offered today

Screenshot 20220301 084352 com.android.chrome


   
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 batalto
(@batalto)
Famed Member Member
Joined: 4 years ago
Posts: 1091
01/03/2022 11:16 am  

@jeff that gas rate is more than my current peak rate for electricity... OUCH


12kW Midea ASHP - 8.4kw solar - 29kWh batteries
262m2 house in Hampshire
Current weather compensation: 47@-2 and 31@17
My current performance can be found - HERE
Heat pump calculator spreadsheet - HERE


   
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Jeff
 Jeff
(@jeff)
Noble Member Member
Joined: 4 years ago
Posts: 487
01/03/2022 11:26 am  
Posted by: @batalto

@jeff that gas rate is more than my current peak rate for electricity... OUCH

If it is any consulation the gas vs electricity multiple is only 2.81 with these high rates making a stronger case for heat pumps if this turns out to be the new normal. 

My fixed rate gas rate is currently 2.75p plus vat.

 



   
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 George
(@george)
Reputable Member Contributor
Joined: 4 years ago
Posts: 85
01/03/2022 9:25 pm  

I’ve begrudgingly accepted the Eon fixed contract at 34p pkWh today. We’ll pay more from now until April from when the capped price should be similar. It will save us some money after the next hike in October when we consume the most electricity over winter heating the house. 

Our projected cost for the year is now £11,900

 

Time to buy some more lottery tickets.


Mitsubishi Ecodan 14kw ASHP + 500l Cylinder


   
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Mars
 Mars
(@editor)
Illustrious Member Admin
Joined: 5 years ago
Posts: 3422
Topic starter 01/03/2022 9:37 pm  

@George, I'm really annoyed because I forgot to sign up this weekend when the rate was 29p – today it's 34p. 


Pre-order: The Ultimate Guide to Heat Pumps

Subscribe and follow our Homeowners’ Q&A heat pump podcast


   
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 Kev M
(@kev-m)
Famed Member Member
Joined: 5 years ago
Posts: 1276
02/03/2022 6:15 am  
Posted by: @george

I’ve begrudgingly accepted the Eon fixed contract at 34p pkWh today. We’ll pay more from now until April from when the capped price should be similar. It will save us some money after the next hike in October when we consume the most electricity over winter heating the house. 

Our projected cost for the year is now £11,900

 

Time to buy some more lottery tickets.

I don't really know what to say to that. That's just astonishing. 



   
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 batalto
(@batalto)
Famed Member Member
Joined: 4 years ago
Posts: 1091
02/03/2022 11:37 am  

@george why dont you just get Octopus Go? - At least the night rate is 7.5p/kw


12kW Midea ASHP - 8.4kw solar - 29kWh batteries
262m2 house in Hampshire
Current weather compensation: 47@-2 and 31@17
My current performance can be found - HERE
Heat pump calculator spreadsheet - HERE


   
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 George
(@george)
Reputable Member Contributor
Joined: 4 years ago
Posts: 85
02/03/2022 1:22 pm  

@batalto When are those rates set until?


Mitsubishi Ecodan 14kw ASHP + 500l Cylinder


   
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 batalto
(@batalto)
Famed Member Member
Joined: 4 years ago
Posts: 1091
02/03/2022 1:25 pm  

@george I think it's 12 months. Mine is anyway


12kW Midea ASHP - 8.4kw solar - 29kWh batteries
262m2 house in Hampshire
Current weather compensation: 47@-2 and 31@17
My current performance can be found - HERE
Heat pump calculator spreadsheet - HERE


   
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2
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 Mike Patrick
(@mike-patrick)
Honorable Member Member
Joined: 4 years ago
Posts: 172
03/03/2022 11:55 am  

@editor EDF 2 year fixed tariff has gone up again. Now  46.77p day, 22.25p night for electricity. Was "only"  33.39p and  20.20p on 23rd Feb.

 

Mike


Grant Aerona HPID10 10kWh ASHP


   
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Mars
 Mars
(@editor)
Illustrious Member Admin
Joined: 5 years ago
Posts: 3422
Topic starter 03/03/2022 2:26 pm  

@mike-patrick, it's frightening at how fast this is all shooting up. I don't keep tabs on mains gas at all, but is it going up at the same rate as electricity?


Pre-order: The Ultimate Guide to Heat Pumps

Subscribe and follow our Homeowners’ Q&A heat pump podcast


   
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 batalto
(@batalto)
Famed Member Member
Joined: 4 years ago
Posts: 1091
03/03/2022 3:44 pm  

I am 100% getting more batteries this year. At these prices, they will pay for themselves in months vs years. You can get something like 5kw for £1,500 delivered. If I have 4kwh usable that's worth if you can fill them up every day

£146 @ 10p/kw

£292 @ 20p/kw

£438 @ 30p/kw

£584 @ 40p/kw

£730 @ 50p/kw

The value becomes even larger in the shoulder seasons or if you have some kind of time of use tariff you can arbitrage. 


12kW Midea ASHP - 8.4kw solar - 29kWh batteries
262m2 house in Hampshire
Current weather compensation: 47@-2 and 31@17
My current performance can be found - HERE
Heat pump calculator spreadsheet - HERE


   
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4
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