Posted by: @editor@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?
Every supplier has increased gas prices dramatically more than electricity prices for the last year.
It is going to be cheaper to run a heat pump on the majority of the extreme fixed tariffs at todays quotes (apart from some existing customer specific tariffs perhaps)
As i type eon are offering 50.55p for elect, 17.17p for gas for new customers.
That's 2.94 elect vs gas. Not a unreasonable number for a heat pump COP
It is realistically probably impossible to shift much if any of the levy from electricity to gas until things settle down a bit. It would result in millions more people unable to heat their homes. Probably unacceptable, even given climate change in the short term.
At the moment heat pump owners vs mains gas owners are doing better relatively by the look of things.
Anyone who has solar pv/batteries and managed to pick up a decent time of use tariff like Octopus Go before prices went up is very lucky. I see Octopus aren't taking on any new customers online as i type, whether you can phone up and pick up a tariff i don't know.
My tariff runs out on 26th April. 2.75p gas, 15.3p electricity. It is going to be a big jump whatever is available but we are fortunate we can afford it.
I am just grateful i am not in Ukraine being shelled so i honestly can't complain.
Posted by: @bataltoI 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.
The financial case for new solar panels must have also changed dramatically.
From 14th April
Suppliers to make all tariffs available to new and existing customers
Posted by: @batalto@jeff so we can get any tariff?! That's going to be carnage
Basically yes
There can be no difference depending on whether you are an existing or new customer.
Exit penalties can still apply.
They can still differentiate in other ways. For example a tariff only for EV drivers, but this tariff has to be available to all EV drivers, not just the suppliers existing customers.
It is similar to what has recently been introduced for insurance, you can't offer a different car insurance quote for new and existing customers as an example.
We don't yet know when wholesale gas prices will peak/stabilise/fall. Wholesale gas prices are now completely detached from the cost to extract and transport so some companies are making obscene amounts of money.
Wow! And the online supplier I used to use is currently not taking orders for my postcode at all.
105 m2 bungalow in South East England
Mitsubishi Ecodan 8.5 kW air source heat pump
18 x 360W solar panels
1 x 6 kW GroWatt battery and SPH5000 inverter
1 x Myenergi Zappi
1 x VW ID3
Raised beds for home-grown veg and chickens for eggs
"Semper in excretia; sumus solum profundum variat"
@prjohn, kerosene in our neck of the woods is 80p, but I suspect it’ll go over £1 soon. Had no idea that gas had risen that steeply. I can see why this will have driven so many households into fuel poverty this winter.
I think the levies argument has been shelved for the reasons cited above, but I like what Dale Vince has been hammering on for weeks. Impose a windfall tax on the O&G companies that are making millions/billions and getting government support, and distribute these funds in a similar way to what the government did with furlough during Covid lockdowns.
Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb
Subscribe and follow our Homeowners’ Q&A heat pump podcast
@editor windfall tax must happen surely. It’s logical and fair and will avoid crippling the economy as families won’t be buying anything.
I’m staying with in-law this weekend and I will save money by staying there despite petrol costs
Posted by: @editor@prjohn, kerosene in our neck of the woods is 80p, but I suspect it’ll go over £1 soon. Had no idea that gas had risen that steeply. I can see why this will have driven so many households into fuel poverty this winter.
I think the levies argument has been shelved for the reasons cited above, but I like what Dale Vince has been hammering on for weeks. Impose a windfall tax on the O&G companies that are making millions/billions and getting government support, and distribute these funds in a similar way to what the government did with furlough during Covid lockdowns.
It is not just the O&G companies, but the commodity traders, who can buy and sell the cargo of a LNG tanker numerous times whilst it is in transit, making a profit each time, and in some cases actually diverting it from its original destination. The governments need to crackdown and change the system to prevent these traders from making vast profits on other peoples misery. The whole energy production and supply system is broken. I suggest that you watch the documentary 'Moving Zeitgeist Forward'.
@derek-m traders take a risk when they buy a commodity. A price can fall as well as rise...
-
Ripped Off: How UK Homeowners Are Paying Gas Prices for Wind Energy
15 hours ago
-
Agile: average import cost vs other tariffs?
4 weeks ago
-
Switching tariff in Winter? or stick year round?
9 months ago
-
Confusion over Octopus Tariffs
12 months ago
-
Octopus tariffs - API & choosing best tariff
2 years ago
Currently viewing this topic 1 guest.
- 22 Forums
- 2,073 Topics
- 45.5 K Posts
- 59 Online
- 3,351 Members
Join Us!
Trusted Installers
Struggling to find a reliable heat pump installer? A poor installation can lead to inefficiencies and high running costs. We now connect homeowners with top-rated installers who deliver quality work and excellent service.
✅ Verified, trusted & experienced installers
✅ Nationwide coverage expanding
✅ Special offers available
Latest Posts
-
RE: 5 Star Service from Havenwise
@hcas Thank you for the clarification. The current ina...
By Sheriff Fatman , 32 minutes ago
-
RE: Why Your MCS-Certified Installer Might Not Be As Competent As You Think
Thanks for the inputs, much appreciated, Heat Pump -...
By adisharma , 2 hours ago
-
RE: Commencing on an ASHP Installation Process
@sheriff-fatman Thank you for a very detailed review of...
By ASHP-BOBBA , 14 hours ago
-
RE: Ripped Off: How UK Homeowners Are Paying Gas Prices for Wind Energy
I believe there's another reason that network upgrades ...
By Transparent , 15 hours ago
-
RE: What’s the modern take on advised types of insulation?
@jeff I am sorry @jeff if I have misunderstood what you...
By Toodles , 19 hours ago
-
RE: Getting the best out of a heat pump - is Homely a possible answer?
@editor Cobbler’s Mantra that!
By Toodles , 1 day ago
-
RE: Radiators downstairs are cooler at the bottom after ASHP install
@melonbuffet This is great assuming now the down stairs...
By ASHP-BOBBA , 2 days ago
-
RE: Renewables & Heat Pumps in the News
Australia Blue, the first wind farm in Western Victoria...
By Morgan , 2 days ago
-
RE: Flow rate discrepancy between ASHP and manifold
That's useful thanks, I hadn't seen that table before. ...
By AshRolls , 3 days ago
-
In principle I agree, @johnmo, but with provisos. The...
By Majordennisbloodnok , 3 days ago
-
RE: Heat pump installation and BUS Grant timings
@jamespa Thats how I understood it too. 🙂
By ASHP-BOBBA , 3 days ago
-
RE: Antifreeze top up for my heat pump - is this a rip off?
@sallyl That sounds about right if they are re-filling ...
By Brendon Uys , 3 days ago
-
RE: Enabling WiFi: Samsung ASHP on Smart Things App
I would switch it off and see if anyone noticed. We use...
By Anonymous 5011 , 4 days ago
-
I wouldn't be so sure about that. Heat pump designers ...
By JamesPa , 4 days ago
-
RE: Jokes and fun posts about heat pumps and renewables
@toodles they're a rowdy bunch!
By Mars , 4 days ago
-
RE: Home energy storage & battery register
@jamespa To a certain extent, by exporting to the grid ...
By Toodles , 5 days ago
-
RE: Forum updates, announcements & issues
@editor Fairy Nuff Mars, I doubt that my ramblings woul...
By Toodles , 6 days ago
-
RE: Confusion about heat pump sizing
We’ve published a deep dive into heat pump sizing, and ...
By Mars , 6 days ago
-
We’ve published a deep dive into heat pump sizing, and ...
By Mars , 6 days ago