Energy Prices (Strictly NO referrals!)

Tram said:
The point I am making for the last 20 years they promised it would bring lower prices but it hadn't.
I not into energy or have knowledge about energy..

I see nothing we have been told materialise and I doubt it will.
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You haven’t made any points, the mods literally pointed that out directly under your post.

ci_newman said:
Care to post an opinion rather than being an RSS feed (again)?
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Our energy market is reliant on imports and global prices, hence when global pricing is high we pay more, when global prices are low, we pay less.

The only way of decoupling away from global fossil fuel pricing is to go all in on wind and electrify everything.

While you can export electricity, the nature of it means it has to be consumed instantly and the losses are significant. You can’t stick it on a ship and send it to America. This makes it very difficult for their to be a global market and practically we can only sell to our immediate neighbours.

The irony is I’ve never paid less for my energy, Octopus energy pays me to connect to the grid at the moment.

stuman said:
Imagine what prices would have been if we hadn’t created all this crazy cheap energy!
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Exactly, wind is the only thing keeping a handle on pricing right now.
 
The problem with Tram, Nasher and all the others. They are outraged because of what fossil fuel stooges like Farage have sold them. You cant convince them with actual facts because they simply ignore them.
 
200sols said:
The problem with Tram, Nasher and all the others. They are outraged because of what fossil fuel stooges like Farage have sold them. You cant convince them with actual facts because they simply ignore them.
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The facts are 25 plus years we have been told we need to invest now pay more to help invest blah blah blah blah and we will see the benefits. Well after 25 years what are we seeing? Nothing just more costs more subsidies but nothing in return.
The only people that are really benefitting are people like David Cameron's and his father in law.
 
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Marginal pricing really needs to go.

If you need 4 bottles of milk but the local only has 3 at £1 each, the next shop sells you the 4th for £2...you don't go back to the first shop and pay them extra. Absolutely bonkers we're doing it for leccy.
 
Tram said:
The facts are 25 plus years we have been told we need to invest now pay more to help invest blah blah blah blah and we will see the benefits. Well after 25 years what are we seeing? Nothing just more costs more subsidies but nothing in return.
The only people that are really benefitting are people like David Cameron's and his father in law.
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if you own your own house which has a roof and have £8k to invest in your future you can take on the responsibility yourself to cut your prices.

last month even running 2 cars 100% on electric charged at home, my combined electricity and gas bill was minus £3. the month before it was minus £7.
my monthly direct debit is £52. our gas boiler is still quite new and am not gonna bin it but when it needs to be replaced I will go fully electric. I may not save much getting a heat pump but am confident it won't cost more at least and it is undoubtedly better emissions wise.

that still leaves a huge number of people stuck with grid prices but if those who can do something do then ultimately it will help those who can't.
so long as our media and ...... people.... like Farage keep rubbishing renewable energy and trying to block renewable installs and grid improvements then we will not get where we need to be.
 
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The sooner the grid have the hvdc line installed on the east coast the better, it will reduce wind curtailment and the price we have to pay for the turbines to be turned off.
A nice page detailing what wind curtailment costs us. Hopefully this will put gas out of the picture regarding controlling the price of electricity.
wind-curtailment-app-ahq7fucdyq-lz.a.run.app

How much wind are we wasting?

A live view of how much wind power we're curtailing in the UK, updated hourly
wind-curtailment-app-ahq7fucdyq-lz.a.run.app wind-curtailment-app-ahq7fucdyq-lz.a.run.app
 
bigmike20vt said:
if you own your own house which has a roof and have £8k to invest in your future you can take on the responsibility yourself to cut your prices.

last month even running 2 cars 100% on electric charged at home, my combined electricity and gas bill was minus £3. the month before it was minus £7.
my monthly direct debit is £52. our gas boiler is still quite new and am not gonna bin it but when it needs to be replaced I will go fully electric. I may not save much getting a heat pump but am confident it won't cost more at least and it is undoubtedly better emissions wise.

that still leaves a huge number of people stuck with grid prices but if those who can do something do then ultimately it will help those who can't.
so long as our media and ...... people.... like Farage keep rubbishing renewable energy and trying to block renewable installs and grid improvements then we will not get where we need to be.
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Those that live in flats, those that pay by key, those that do not own the property they do not have that luxury's.
 
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So im currently with octopus - paying around £48 per month in direct debit - for a 2 bed mid terrace

shall i phone them up and ask them to fix the price before the oct price rise?
 
Tram said:
Those that live in flats, those that pay by key, those that do not own the property they do not have that luxury's.
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Then for those small percentage of people we should not innovate and drive progress? But also the competition (supply / demand) will reduce grid demand and in turn their bills.
 
ci_newman said:
Too little too late, the price rise will be locked into fixed rates already
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I had my usual emails from moneysavingexpert top tips last night

one of the tips on there states

"Energy price cap to rise 2% in october - Fix now at 15% LESS - 17% from oct "


? so they are saying fix now?
 
ci_newman said:
Too little too late, the price rise will be locked into fixed rates already
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Octopus fixed rates look a bit cheaper than the price cap. Remember the cap is their to protect those on SVR, the market is functioning a bit better now and fixed tariffs are a bit cheaper. But not much.
 
Tram said:
Those that live in flats, those that pay by key, those that do not own the property they do not have that luxury's.
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Except they will be able to soon, the only reason they can’t is because regulations are lagging behind products on the market.


www.theguardian.com

Britons could soon install balcony solar panels in flats and rental homes

Proposals would enable Britons to save on energy bills and join millions of people in Europe who use ‘plug-in’ panels
www.theguardian.com www.theguardian.com

These things are common in places like Germany where significantly more people live in apartments than the U.K.

You can already install battery storage in a flat and take advantage of time of use pricing.

Edit: do you live in a flat? I doubt it as you would have said so rather than trying to set out a gotcha argument that only really impacts a small % of the population.
 
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b0rn2sk8 said:
Except they will be able to soon, the only reason they can’t is because regulations are lagging behind products on the market.


www.theguardian.com

Britons could soon install balcony solar panels in flats and rental homes

Proposals would enable Britons to save on energy bills and join millions of people in Europe who use ‘plug-in’ panels
www.theguardian.com www.theguardian.com

These things are common in places like Germany where significantly more people live in apartments than the U.K.

You can already install battery storage in a flat and take advantage of time of use pricing.

Edit: do you live in a flat? I doubt it as you would have said so rather than trying to set out a gotcha argument that only really impacts a small % of the population.
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Sold up this year got rid of the property, waiting for foreign documents before we buy abroad. Living in a one bed flat at the moment.
 
adidan said:
Bizarre isn't it. Solar and wind are the cheapest forms of energy production. Everything is tied to gas prices though so we keep getting shafted.
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Except the contract for difference price for wind and solar keeps going up. The next one is going to be greater than the wholesale price of gas powered electrcity generation. Also prices haven't come down with wholesale gas price. The policy costs and the balancing costs are significant drivers now not the marginal price of gas generation. You also have to remember that if we hadn't gone so hard and fast for wind and solar we wouldn't be spending billions updating the grid. We wouldn't be paying gas plants large capacity market payments to sit there not generating and we wouldn't be paying to turn solar and wind off when it's in the wrong place at the wrong times. The headline of cheap wind and solar is only true in isloation of the requirement to run a stable reliable national grid.
 
200sols said:
Octopus fixed rates look a bit cheaper than the price cap. Remember the cap is their to protect those on SVR, the market is functioning a bit better now and fixed tariffs are a bit cheaper. But not much.
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So worth fixing? If I fix when will it be until ? I assume.prices now won't drop until maybe summer next year
 
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