Energy Prices (Strictly NO referrals!)

200sols said:
Actually a fixed price for all keeps prices higher not lower. Energy is usually only expensive for 3 hours a day... but you pay a higher price the other 21hours to subsidise that. So tin foil off, the potential here is for saving money not costing you more.
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If your smart meter works properly anyways: https://www.bbc.co.uk/news/articles/cz9zqn77ezno

Yeah, its proportionally small but still, its on the rise.
 
I mean, until we get a global power grid it makes plenty of sense that a renewable based grid would have cheaper energy at certain times of the day....
 
dirtychinchilla said:
That's because they can't be arsed to do the right thing, which is to get the country to reduce their consumption.
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True. It's not as if reducing consumption will affect the energy providers as they just lump the potential income reduction onto the SC to protect their revenue ;)
 
SpellowHouse said:
While I completely agree with what you are saying, somehow, I doubt that will be how it works out. :rolleyes:
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Tariffs are already available that do it..

Problem is people think they are being scammed by energy companies and when alternatives are presented they think its all a conspiracy.
 
The regulator is a toothless & corrupt GOVERMENT department. It is not fit for purpose and needs to be disbanded

The entire house of Thatcherism is going to come tumbling down. With our pathetic net zero targets which are going to harm the UK more than any of our competitors it's pathetic.
 
Have been on a surge pricing/time of use tariff (what ever you want to call it) for years and it's been fantastic. Saved a boat load of cash, in fact most months they end up paying me money. If this brings about the end of the standing charge, I am all for it.
 
Did the March readings yesterday so can work out the 6 month "Winter" usage (Oct 1st to March 31st)

Elec - 666kWh (£186.20)
Gas - 2,327kWh (£162.63 cost)

For funsies, my standing charges for that same period are:

Elec - £96.97 (or £34% of my total elec bill)
Gas - £40.23 (or 20% of my total gas bill)
30% of my bill is SC
 
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My cheap EDF deal came to an end so went onto Octopus 1st April, was a nasty shock to see my IHD cost next day, reading about 40% higher :(
Something to get used to I suppose, I was very lucky to be on that cheap deal for 3 years, and with luck missed the worst of it for now. Signed up for Tracker now so will see how that works out...
 
Our smart meters are not smart anymore.
When I queried it with our previous supplier they wanted around £250/meter to have them changed.
 
I pinged an email to Octopus yesterday (I chance it every now and then) asking for an IHD. They replied saying one is on the way :D

This is the fourth or fifth time asking, and 18 months since I moved in. Score. No idea what to do with it/where to put it tho :cry:
 
Richie said:
The energy companies sure try to keep getting more off me by increasing the SC :p
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In fact I just had a look at the new tariffs for when I come off my 1 Year fix in August and the SC for Gas and Elec will BOTH go up 10p/day to 63.31p (elec) and 31.67p (gas) so, for all intents and puproses, its going to cost me £30/month before I have used a single kWh... To put it in context - in circa 2020, my monthly bill was £33 TOTAL.

How they can justify a 20% increase on Elec and 48% increase in Gas SC in 1 year is just mind blowing :eek:
 
b0rn2sk8 said:
@Richie your usage is very low, to the point its an outlier. Typical use is 5X yours.
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Mine is even worse.
14 Jan to 14 Feb. this includes heating on some days as it got cold (I'm on Octopus tracker so rates change every day)

Electric
14th Jan 2024 1054.6 Smart meter reading
14th Feb 2024 1159.3 Smart meter reading
Energy Used 104.7 kWh @ 14.73p/kWh £15.41
Standing Charge 31 days @ 45.99p/day £14.26
Subtotal of charges before VAT £29.67
VAT @ 5.00% £1.48
Total Electricity Charges £31.15

Gas
14th Jan. 2024 64.2 Smart meter reading
14th Feb. 2024 80.8 Smart meter reading
Consumption 16.6 Units (m3)
Energy Used* 189.9 kWh @ 3.69p/kWh† £7.01
Standing Charge 31 days @ 25.56p/day £7.92
Subtotal of charges before VAT £14.93
VAT @ 5.00% £0.75
Total Gas Charges £15.68
Total charges for bill £46.83

Literally 50% standing charge each.

Before the winter my Gas charges are £2 every month so standing charges are like 3/4 of my gas. This includes a shower every day.
Its ludicrous that it's so expensive.
 
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