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Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Associate
Their declared profits recently would argue against this?
Soldato
They would not.
I think your conflating the distributors with the extractors/generators.
Soldato
EON tariff does look like an effort to stop bleeding customers over to Octopus.
Better than SVR though!
Better than SVR though!
I used eon as an interest free loan service last year. Managed to get 700 quid out of them
(had subsequently seen MSE suggest the SC remains the same but only the units are reduced, to save £50 )
so yearly that gives cap total sc 289 & elec 772 gas 860 = 1632 (2.9Klec 12.9Kgas) = £1921
so adding £50 cap reduction 1632/(1632+50) ~ yes about 3% / kwh reduction
so units reduced by 0.85p 0.21p lec/gas .. on the 6 lec units I use a day that would save £1.50/month in my £70/month lec total - so thats 4pints of milk, not so generous.
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Octopus tracker poster boy tarif
octopus said they were signing 50people a day and then supposedly allocated an additional 50K places in July - so in a year that 19.2K + 50K = 70K customers on the tarif..
and they have 5million customers, so about 1.5% of customers on tracker LOL they are taking a big risk there.
Soldato
Me paying British Gas in advance building up credit me looking at my bank statment o i have more in there than i thought B G gave me a refund i never asked for Of course Octopus is £50 no matter what your usage, EON's you have to be at least using the amount quoted by jpaul for it to be worth £50 over a year. But most people wont know that. Still its better than all those fixes which are slightly better than SVR with a £150 exit fee.
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Soldato
- Joined
- 13 May 2003
- Posts
- 8,905
I recently read that boiler manufacturers will be fined £5000 per gas boiler they sell if they don't hit 68,000 heat pump installs in 2024. Likewise car and van manufacturers that don't manufacture hit a minimum percentage of electric vehicles will be fined £15k and £18k per vehicle. I assume this is fine is only on the number of boilers/vehicles between the target actual, but still hefty fines.
You will go electric or we'll fine you to death, nice. Oh, but don't expect us to do anything about security of supply whilst electricity demand is increased
You will go electric or we'll fine you to death, nice. Oh, but don't expect us to do anything about security of supply whilst electricity demand is increased
Soldato
There are lots of challenges with heat pumps that you don't have with gas boiler replacements as well.
From where to put the heat pump, to the external unit, and even if the current radiators will work with them without modification.
From where to put the heat pump, to the external unit, and even if the current radiators will work with them without modification.
Soldato
- Joined
- 23 May 2006
- Posts
- 7,294
last i looked the grid claim they are not concerned about the demand on the grid, esp as time of use tariffs, which are already in place will surely be doubled down on to make sure cars are charged when demand is otherwise low.You will go electric or we'll fine you to death, nice. Oh, but don't expect us to do anything about security of supply whilst electricity demand is increased
the biggest issue i think we have - which is loosely related - is more about getting renewables up. the grid at the moment is struggling to cope with multiple sources of generation from all over the place, meaning that even when electricity is in demand and some gas is having to be used to generate electricity, wind turbines are being either shut down, or others are not being allowed to go online.
that is where i am worried about the grid......... but not charging cars over night (or even the few people who are unable to charge at night but just have to charge in the day)
In the houses where heat pumps make sense i think they are great.............. for my house however i am not 100% convinced.
there are lots of other alternatives which i think need to be fully checked out. IR heating, stone batteries, or water tanks heated up with off peak electricity for use during the day.........
(and of course house batteries (at least until bi directional charging is supported properly in cars / car charge points))
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Soldato
Interesting paper just out.
Only skimmed it but will read in depth later.
My take is that with works like this being published the push for TOU tariffs and getting households to be smarter will be more and faster.
Great news IMO, breaking the mindset of its the same price all the time will be a big win for the pocket and the environment.
Only skimmed it but will read in depth later.
My take is that with works like this being published the push for TOU tariffs and getting households to be smarter will be more and faster.
Great news IMO, breaking the mindset of its the same price all the time will be a big win for the pocket and the environment.
Also, the Demand Flexibility Service (DFS) which was trialed by National Grid ESO from Oct '22 to March '23 will very soon be integrated into everyday life. It's one of the inputs into switching to a renewable only infrastructure, alongside ToU tariffs.
There is plenty going on behind the scenes to ensure security of supply using renewable energy sourcesYou will go electric or we'll fine you to death, nice. Oh, but don't expect us to do anything about security of supply whilst electricity demand is increased
Being built and connected over the next 10 years
- ~110 GW of offshore wind
- ~80 GW of solar
- 9 more interconnectors
- Elec Storage : Battery, Hydrogen and hydro pump stations
- Carbon Capture on CCGT plants.
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I think once you get a certain amount it auto triggers a refund.
What a difference a year makes: Gas Price
I recently heard some market analyst describe the European gas market as suffering from 'peak complacency'. This makes sense to me as there's even less gas flowing from the East this winter than last and this winter is likely to be colder than last. So why the low prices? Has European manufacturing collapsed so far as to balance market at this relatively low prices?
Prices have risen a bit recently - apparently associated the strike action at LNG facilities in Australia. Real reason or just a more palatable reason than physical tightness?
Why won't gas prices return to 100-150 level before winter?
I recently heard some market analyst describe the European gas market as suffering from 'peak complacency'. This makes sense to me as there's even less gas flowing from the East this winter than last and this winter is likely to be colder than last. So why the low prices? Has European manufacturing collapsed so far as to balance market at this relatively low prices?
Prices have risen a bit recently - apparently associated the strike action at LNG facilities in Australia. Real reason or just a more palatable reason than physical tightness?
Why won't gas prices return to 100-150 level before winter?
Soldato
I was told its the switch over to their new systems and can only half of my acc
After being put on hold 3 times i put the phone down DD can just carry on
I paid off the gas for the rest of this year instead
Soldato
I noticed that the other day.
Because the cap has gone I assume.
Yeah gas is deffo creeping up and highest today over the last 4 months or so