Energy Prices (Strictly NO referrals!)

[DJMK4]

Potentially could, those GPU's for AI aren't cheap to run or cool.

Data centres have been around for years..... nothing new here? there maybe more of them popping up, but still,


What is new, is electric vehicles


Its obvious why the costs are going up, because we import a lot of energy from other countries still when we dont have enough supply

 

[adidan]

Data centres have been around for years..... nothing new here? there maybe more of them popping up, but still,


What is new, is electric vehicles


Its obvious why the costs are going up, because we import a lot of energy from other countries still.

Data centres to be expanded across UK as concerns mount

The number of data centres is set to jump by a fifth in the coming years, figures seen by the BBC suggest.

www.bbc.com

But 'AI' hasn't been in as much demand over those years.

 

[200sols]

So worth fixing? If I fix when will it be until ? I assume.prices now won't drop until maybe summer next year

Prices may drop a bit they may rise a bit..

Fix gives you certainty so you don't have to worry about it..

 

[DJMK4]

Prices may drop a bit they may rise a bit..

Fix gives you certainty so you don't have to worry about it..

i dont tend to keep an eye on energy "Prices" per say , just what they ask for in direct debit

i dont look a numbers per kw/h

i do the same thing every year, and i have not fixed since i moved in , in 2018

anyways, im waiting on hold with octopus energy now, so will see what they say



Done - fixed

 

[bigmike20vt]

Data centres have been around for years..... nothing new here? there maybe more of them popping up, but still,


What is new, is electric vehicles


Its obvious why the costs are going up, because we import a lot of energy from other countries still when we dont have enough supply

EVs if used properly are likely to be part of the solution to balancing the grid rather than making it worse.
as I understand it the existing fleet on the road hasn't even taken up the energy we saved by replacing standard lightbulbs with LED and got rid of crt TVs and what not.

otoh given most of us charge over night and one of the biggest issues those managing the grid have is the energy duck curve where demand plummets over night , Charging EVs then is a good thing for the grid and in the future in peak times perhaps some of their battery will be used to power the grid

 

[m4rmite]

Data centres have been around for years..... nothing new here? there maybe more of them popping up, but still,


What is new, is electric vehicles


Its obvious why the costs are going up, because we import a lot of energy from other countries still when we dont have enough supply

If EVs are using all the electricity then why is domestic usage going down?
Electricity
Year Number of households (thousands) [Note 10] Unadjusted - final consumption (GWh) Unadjusted - average consumption (kWh) Temperature corrected - final consumption (GWh)
2008 25,875 119,800 4,630 119,475
2009 26,042 118,541 4,552 118,277
2010 26,240 118,832 4,529 115,265
2011 26,409 111,586 4,225 113,241
2012 26,614 114,663 4,308 113,869
2013 26,661 113,413 4,254 111,811
2014 26,732 108,076 4,043 110,008
2015 27,042 107,764 3,985 108,624
2016 27,109 108,025 3,985 108,171
2017 27,226 105,322 3,868 106,496
2018 27,576 105,961 3,843 105,379
2019 27,824 103,979 3,737 104,100
2020 27,893 107,573 3,857 109,403
2021 28,119 106,606 3,791 109,462
2022 28,243 95,417 3,378 97,773
2023 28,358 92,556 3,264 93,645

Energy consumption in the UK 2024

Information for overall energy consumption in the UK with details of the industry, transport, domestic and services sectors.

www.gov.uk

 

[b0rn2sk8]

Most of the energy we import is oil and gas. Going EV is the definition buying from our own supply.

Before anyone says well the EV is imported, well over 80% of all cars are imported. It’s actually quite hard to buy a British made car these days and every single mainstream car made it Britain is used by a foreign company anyway.

JLR is the only mainstream car manufacturer based here and they are owed by Tata (Indian conglomerate).

 

[MatsyLR]

Octopus isn't competitive anymore on fixed rates

So worth fixing? If I fix when will it be until ? I assume.prices now won't drop until maybe summer next year

It's worth looking around.
Fuse and OVO are best rates currently.
Prices are expected to be on the up

 

[Valo]

An advice would be great, trying to find my parents a decent fix (if one is still about)?

All electric household
3378 kWh used on Day Rate over last year
2767 kWh used on Night Rate over last year

Currently with Scottish Power on Standard Online Tarrif (Variable Price)

Day Rate: 28.505p /kWh
Night Rate: 13.635p /kWh
Standing Charge: 52.730p /day

Paying £124.21 per month

Scottish Power is offering 'Exclusive Help Beat Cancer Fixed Oct 2026 PC1' tariff saving £13.68 per year. I couldn't access her account to check the rates.

I think the best fix I've found was Octopus fixed 12m

Unit rate (day) 30.04p /kWh
Unit rate (night) 14.01p /kWh
Daily standing charge 54.41p /day
Early exit fee £0

Paying £133.42 per month

Trying to figure out gif the Octopus fix is good value. They can use my referral code and get the £50 account credit as well I'm with them on Intelligent Flux for Solar PV/Home Battery.

 

[Stumble Bum]

An advice would be great, trying to find my parents a decent fix (if one is still about)?

All electric household
3378 kWh used on Day Rate over last year
2767 kWh used on Night Rate over last year

Currently with Scottish Power on Standard Online Tarrif (Variable Price)

Day Rate: 28.505p /kWh
Night Rate: 13.635p /kWh
Standing Charge: 52.730p /day

Paying £124.21 per month

Scottish Power is offering 'Exclusive Help Beat Cancer Fixed Oct 2026 PC1' tariff saving £13.68 per year. I couldn't access her account to check the rates.

I think the best fix I've found was Octopus fixed 12m

Unit rate (day) 30.04p /kWh
Unit rate (night) 14.01p /kWh
Daily standing charge 54.41p /day
Early exit fee £0

Paying £133.42 per month

Trying to figure out gif the Octopus fix is good value. They can use my referral code and get the £50 account credit as well I'm with them on Intelligent Flux for Solar PV/Home Battery.

I'm an all electic household too, on Eco 7.

I signed up a couple of weeks ago with Outfox the market.

Electricity standing charge:50.50p per day
Day Rate: 26.62p per kWh
Night Rate: 11.41p per kWh
Exit fees: £75 or £125 depending on whether a 1 or 2 year deal.

Can do a 1 year or 2 year deal. Worth checking out.

 

[b0rn2sk8]

consider an EV tariff rather than Eco 7.

The day rate is basically the same the the night rate is usually much cheaper. You may lose an hour of cheap rate but not on all tariffs.

 

[Valo]

I'm an all electic household too, on Eco 7.

I signed up a couple of weeks ago with Outfox the market.

Electricity standing charge:50.50p per day
Day Rate: 26.62p per kWh
Night Rate: 11.41p per kWh
Exit fees: £75 or £125 depending on whether a 1 or 2 year deal.

Can do a 1 year or 2 year deal. Worth checking out.

Thanks for the heads up. Just had a look and been quoted:

Electricity standing charge: 55.37p per day
Day Rate: 27.65p per kWh
Night Rate: 11.85p per kWh
Exit fees:£75.00 per fuel

Good price on both the Day and Night rate especially but the Standing Charge is 2.64p more expensive per day. Would they save anything?

consider an EV tariff rather than Eco 7.

The day rate is basically the same the the night rate is usually much cheaper. You may lose an hour of cheap rate but not on all tariffs.

They live in a ground floor flat and don' have the ability to have an EV Charger. Don't think they'd be eligible for EV tariffs.

 

[b0rn2sk8]

Some EV tariffs you just need to give a wink and a nod to say you have an EV, there are no checks.

 

[Stumble Bum]

Thanks for the heads up. Just had a look and been quoted:

Electricity standing charge: 55.37p per day
Day Rate: 27.65p per kWh
Night Rate: 11.85p per kWh
Exit fees:£75.00 per fuel

Good price on both the Day and Night rate especially but the Standing Charge is 2.64p more expensive per day. Would they save anything?

Well the standing charge is fixed, an extra 2.64p per day just means an extra 79p every month. Given the Octopus prices you quoted then yes it would be a worthwhile saving. You already have their annual Kwh used for day/night, so you could easily work it out.

 

[Richie]

Its obvious why the costs are going up, because we import a lot of energy from other countries still when we dont have enough supply

Some parts of the UK have LOTS of over supply (both actual and capacity). The larger issue is having a National Grid capable of transmitting it from generation areas to demand areas.

For example - Last year (2024), Scotland had a Net Export of nearly 20TWh. This is almost the same as the amount of Electricity that Scotland consumed i.e. Scotland produces almost double the Electricity it consumes annually and the generation capacity (currently almost 40TWh) is increasing faster than the rest of the UK.

This is why there are 4 new interconnects going between Scotland and England - to help move this extra to other parts of the UK.


Yet Scotland has some of the highest network charges in the UK (thought I would put this in here for ***** and giggles )

 

[casper_uk]

I mean it's almost like you need to have the high energy users (data centers etc) move closer to where the excess energy is. You could maybe even charge a cheaper rate for the electric in order to incentives companies to move. Maybe divide the country up into zonal sections based on how much energy they could produce? But no, can't have the energy producers lose out on all that money by basing everything on the gas price can we

 

[PlacidCasual]

I mean it's almost like you need to have the high energy users (data centers etc) move closer to where the excess energy is. You could maybe even charge a cheaper rate for the electric in order to incentives companies to move. Maybe divide the country up into zonal sections based on how much energy they could produce? But no, can't have the energy producers lose out on all that money by basing everything on the gas price can we

Gas price no longer drives energy costs the way people think. Prices have been going up as wholesale gas prices are going down. The latest rounds of offshore wind auctions are for strikeprices in excess of recent and long term gas price trends. Energy is expensive because we have to pay to take renewables when it's available, we have pay not to take it when we have to much and we have to pay for a whole additional set of generators to sit there and produce when we actually need it and there is not enough. It's a uniparty charlie foxtrot.

 

[casper_uk]

Gas price no longer drives energy costs the way people think. Prices have been going up as wholesale gas prices are going down. The latest rounds of offshore wind auctions are for strikeprices in excess of recent and long term gas price trends. Energy is expensive because we have to pay to take renewables when it's available, we have pay not to take it when we have to much and we have to pay for a whole additional set of generators to sit there and produce when we actually need it and there is not enough. It's a uniparty charlie foxtrot.

Isn't the 30 minute whole sale cost set by the most expensive production cost in the whole of the UK, for that set 30 minute time period? I.E everything costs the same as the Gas production regardless of how cheap all the renewable energy is?

 

[jpaul]

If the auction price is above the renewables strike price they have to give that money to the tax-payer, nonetheless households have subsidised renewables to the tune of some
£8K since 2000's.... and govt is subsidising electricity for industries like the battery factories too (our ev's will be criticized like those from china LOL)

 

[bigmike20vt]

If the auction price is above the renewables strike price they have to give that money to the tax-payer, nonetheless households have subsidised renewables to the tune of some
£8K since 2000's.... and govt is subsidising electricity for industries like the battery factories too (our ev's will be criticized like those from china LOL)

and how many £s in tax breaks or subsidies has the fossil fuel industry had over the years... and who will have to pay to decommission nuclear reactors and all the clean up when they get to end of life (I have no idea but I can't help but think it will be us in one way or another)... and then there are the natural disasters caused by spills. shills like Farage like to claim wind turbines kill 1000s of birds and are more environmentally damaging than gas and oil. I think there is a lot of wildlife killed by oil which would disagree.