Energy Prices (Strictly NO referrals!)

[jpaul]

(wouldn't be taking referral fee from only family members)


maybe should fix today (like mortgages) whilst products available - if you heard interview this morning

Mr Birol told the BBC's Today programme that many European governments made "strategic mistakes", including an over-reliance on Russia for energy, and that foreign policy had been "blindfolded" by short-term commercial decisions.
He said this winter "we cannot rule out" another spike in gas prices.
"In a scenario where the Chinese economy is very strong, buys a lot of energy from the markets, and we have a harsh winter, we may see strong upward pressure under natural gas prices, which in turn will put an extra burden on consumers," he said.

China Is Buying Gas Like There’s Still an Energy Crisis​

• Firms have signed more long-term deals than any other nation
• Buying spree comes after China grappled with fuel shortages

By
Bloomberg News
July 2,

e : "Those who cannot learn from history are doomed to repeat it."

 

[chrcoluk]

There is no referral fee, its a payment given when inviting other people to the supplier.

 

[tlrBeta]

23kwh...-64p

We did the majority of tasks during the cheapest times - so worked well.

Could have popped the aircon on, but that would have indeed been wasteful.

 

[Neil79]

CURRENT :

Flexible Octopus
Flexible Octopus November 2022 v1
Prices follow wholesale costs

DAY RATE NIGHT RATE
38.72 p/kWh 16.39 p/kWh
STANDING CHARGE
45.66p/day
(All rates inc. VAT)

I've been offered a fix for 12months, with a £75 leaving fee

Daily standing charge 45.66p /day
Unit rate (day) 39.59p /kWh
Unit rate (night) 16.76p /kWh

Hmmmm it's basically throwing a dice that the prices are going to go above the fixed tarrif and it's worth fixing now

 

[Dyson]

Hmmmm it's basically throwing a dice that the prices are going to go above the fixed tarrif and it's worth fixing now

It's a tough one. I think I'm going to hold off on fixing just yet. I think.

 

[jpaul]

I've been offered a fix for 12months, with a £75 leaving fee

also depends how significant £75 penalty is versus your yearly/monthly consumption - how much would the unit svr price have to drop to recover the £75 penalty
if you used 10units/day @40p £120/month and after 6 months price dropped 10% on svr ie. £12 can quit and savings would finance penalty,
if it drops further you are winning.


[

There is no referral fee, its a payment given when inviting other people to the supplier.

in b&w you'd rip off your family members for £50 nice
]

 

[ci_newman]

also depends how significant £75 penalty is versus your yearly/monthly consumption - how much would the unit svr price have to drop to recover the £75 penalty
if you used 10units/day @40p £120/month and after 6 months price dropped 10% on svr ie. £12 can quit and savings would finance penalty,
if it drops further you are winning.


[

in b&w you'd rip off your family members for £50 nice
]

Both the referrer and the referee get £50 credit each. Wind your neck in

 

[jpaul]

Both the referrer and the referee get £50 credit each. Wind your neck in

selfish attitude - even some folks on the web will give the newbie half of their £50 finders fee

 

[chrcoluk]

selfish attitude - even some folks on the web will give the newbie half of their £50 finders fee

They already get half.

 

[Welshman]

Seriously.....people moaning about OCTOPUS giving people £50 EACH for a referral. Its not someone getting £100 and choosing whether to give £50 away. Its actually OCTOPUS who are doing it, they credit both accounts.

 

[Mercenary Keyboard Warrior]

What GPTalpha jpaul has missed is that the bidding war of running a half arsed web site with the aim to pickup Octopus referrals has got to some offering half their referral to try to outbid the others.

In more interesting news,

Following the introduction of the Jul-Sept 23 price cap, we are now releasing our predictions for Apr-Jun 24For a typical consumer, we are forecasting:
Oct-Dec 23: £1,878.31 p/a
Jan-Mar 24: £1,916.76 p/a
Apr-Jun 24: £1,888.11 p/a

Note,
These figures are calculated using Ofgem's revised definition of the average gas and electricity consumption.
From October these will be reduced to:
Elec: 2,700kWh p/a from 2,900kWh p/a
Gas: 11,500kWh p/a from 12,000kWh p/a

So looks like practically a year of relatively flat pricing expected.

 

[silversurfer]

If you're already a customer with a smart meter, sit back and relax! We’ll run some tests on your smart meter and send you an invitation from July 1.

If you've changed your mind and no longer want to swtich to Tracker, not to worry — just ignore your invitation when it comes.

They said July start, did anyone get an invite yet ?

 

[McPhee]

They said July start, did anyone get an invite yet ?

Yes. The invites came through on the 1st.

They've also scrapped the waitlist and will open up online applications to everyone within the next week or two. It does seem like anyone can get Tracker already though by phoning up - just have to be lucky with who picks up the phone as some agents are agreeing to do the switch and others are saying to call back later.

 

[marcg868]

British Gas are offering a fixed for £160 a month. Was paying £144 last summer till this April then they wanted £219 and then I reduced it to £190 on standard Variable.
really not sure. We dont seem to have built up much credit compared to this time last year and it was a cold ish winter. Other half starts to feel cold if it drops below 19 Celsiu.

 

[HungryHippos]

British Gas are offering a fixed for £160 a month. Was paying £144 last summer till this April then they wanted £219 and then I reduced it to £190 on standard Variable.
really not sure. We dont seem to have built up much credit compared to this time last year and it was a cold ish winter. Other half starts to feel cold if it drops below 19 Celsiu.

Means nothing without standing charge and unit rates.

 

[marcg868]

Means nothing without standing charge and unit rates.

Barely a difference
Standing Charges 1 pence cheaper on Fixed.
Gas SVR Standing Charge 0.29 p per day
Gas Fixed Standing Charge 0.27 p per day

Electric SVR Standing Charge 0.51 P Per Day
Fixed 0.47 P per day

Electric SVR Rate 29.936 p per kwh
Gas SVR Rate 7.513 p per kwh

Electric Fixed 30.470 p per kwh
Gas Fixed 7.68p per kwh

 

[silversurfer]

Presumably, the SVR could be rising regularly into end of the year. Its not so spread out now, next rise sept then dec I guess. Putin is currently sending in tanks made the year of his birth to Crimea, guess the energy price could be down to how stupid he is

My general hope is the off peak schemes continue to allow cheaper usage. Renewable energy tends to require usage at its own schedule where as the old polluting energy can be switched off. We arent quite close enough to be in the scheme but not far from us is a wind farm Octopus runs, they have a special tariff you pay according to that production

 

[Mercenary Keyboard Warrior]

ooooof

Power prices not expected to shift below 2022 levels until late 2030s, says Cornwall Insight

Power prices not expected to shift below 2022 levels until late 2030s, says Cornwall Insight

Cornwall Insight has revealed that it anticipates power prices to not shift below 2022 levels until the late 2030’s.

www.current-news.co.uk

 

[darkgen]

Hardly surprising. The producers / suppliers have witnessed the populace soak up the higher costs (with temporary governmental support) and with the impending requirement for greater investment for greener tech, it is unlikely the consumer will ever see pre-2020 levels of energy costs again.

 

[Richie]

... is unlikely the consumer will ever see pre-2020 levels of energy costs again.

I know I personally won't given that the current monthly SC is pretty much what my full monthly bill was back in 2020/21.

I can't see the SC coming down nor the unit charge dropping by a lot.