You 5.8p for me. Knew I should have switched to the fix at 5.64....
Hoping it will come down again but not looking hopeful if it's at this going into winter
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
You 5.8p for me. Knew I should have switched to the fix at 5.64....
Hoping it will come down again but not looking hopeful if it's at this going into winter
I don't see why yours would go up to 80p... rather the others will just come down. Demand is still the same but pricing would not be set by the most expensive region for everyone.
You cant lower one side of a see saw without the other end going up.
What is your solution for areas with limited or no access to local cheap renewables under your localised pricing plan? Just saying they will pay more doesnt cut it for me. If there is something built to lower prices, it has to have an effect everywhere with maybe a slight adjustment for the local area.
Last edited:
It doesn't work like that. What he's saying is the price in all regions is being set by the most expensive region at each 30minute auction. So there is no reason at all your prices will go up, actually its more likely to go down..
Still, if there is large offsets people wont be happy. That would need to be addressed.
If the system was adopted, I think a law would need to be introduced to enforce spread of renewables across every region, or linkage of localised grids to increase the size of local grids to cover more regions. As an example there would be no region that has no coastal coverage.
Who is he? If you mean Octopus founder, you have a link to what he is saying?
I see a tweet on the last page, seems vague, but @Richie made the same point, its a political challenge to get people to accept that arrangement.
Last edited:
Soldato
- Joined
- 23 May 2006
- Posts
- 7,638
I see what you are saying.. I see it as a neccessary evil to try to push back against NIMYism.... ie people may stop whining about turbines if they can see an impact on their bills.
As it stands now people in the north west have wind turbines a stones throw from them and yet they pay way more per day on electricity than I do..... it hardly seems fair that those embracing renewables pay more than areas where people moan and cockblock them them.
Ok I found this.
octopus.energy
Then read the linked Ofgem document, ok I lie, I scanned through it, what I was looking for was projected costs on a per region bases, sadly only tidbits, supplied any kind of projections for it. It is a pain to get images on this forum, so will link to a single imgur page with all of them dumped on there.
Imgur link here. Hopefully all of the images.
imgur.com
Quote here from the Ofgem article. Seems Nodal is also under consideration, the Zonal model has fairly big zones with all of them having a coastal region, Nodal to me looks like it would be a disaster. The images indicate there would be pretty large pricing differentials between the best and worst zones/nodes. I think if the model was adopted regulation would need to be mandatory to spread out investment across zones, personally I think this is just a way to shortcut past the inevitable required investment in the national grid. Octopus and co are sick of the 7+ year waiting times to see benefits. The danger is this system is seen as a replacement in to fixing transmission capacity problems and lack of battery storage.
Zonal pricing is needed for an efficient and reliable net zero power system
The key points in our response to the Government’s most recent consultation on the Review of Electricity Market Arrangements (REMA), which explores wholesale and investment support reforms required to reach Net Zero.
octopus.energy
Then read the linked Ofgem document, ok I lie, I scanned through it, what I was looking for was projected costs on a per region bases, sadly only tidbits, supplied any kind of projections for it. It is a pain to get images on this forum, so will link to a single imgur page with all of them dumped on there.
Imgur link here. Hopefully all of the images.
imgur.com
Discover the magic of the internet at Imgur, a community powered entertainment destination. Lift your spirits with funny jokes, trending memes, entertaining gifs, inspiring stories, viral videos, and so much more from users.
imgur.com
Quote here from the Ofgem article. Seems Nodal is also under consideration, the Zonal model has fairly big zones with all of them having a coastal region, Nodal to me looks like it would be a disaster. The images indicate there would be pretty large pricing differentials between the best and worst zones/nodes. I think if the model was adopted regulation would need to be mandatory to spread out investment across zones, personally I think this is just a way to shortcut past the inevitable required investment in the national grid. Octopus and co are sick of the 7+ year waiting times to see benefits. The danger is this system is seen as a replacement in to fixing transmission capacity problems and lack of battery storage.
Last edited:
Don’t you live near me? I think those who do live in the SE would take issue with us claiming we are in the south east!
It would have a huge impact on investment decisions and would help build the economy in the north. You’d expect and new energy intensive activity to move north, immediately.
The south is full of things like data centres because the U.K. has flat rate pricing, all that activity would move to the North East or Scotland very quickly.
Soldato
- Joined
- 23 May 2006
- Posts
- 7,638
East Anglia 15 miles south east of Cambridge.
I am originally from near Chester so to me it's south east geographically speaking
but compared to Kent I guess it isn't....
either way tho my standing charge is unfairly low compared to many parts of UK (not that I am complaining honestly but it's almost 20p a day less than some places)
I dearly wish the north got some more love in terms of investment ... I am fed up with all the cheese going to London and surrounding areas. (FGS the last last government even used levelling up the north money on roads in the south... but I digress
Last edited:
I thought so, I think your neighbours will also take issue with being identified as south east! That said, anything north of Peterborough is still ‘the north’.
If you want regional unit pricing (which makes sense), you should also want regional standing charges. We currently have regional standing charges which are mostly made up by local distribution costs so there isn’t a need to change that.
If you want regional unit pricing (which makes sense), you should also want regional standing charges. We currently have regional standing charges which are mostly made up by local distribution costs so there isn’t a need to change that.
Soldato
- Joined
- 23 May 2006
- Posts
- 7,638
I would be ok with going one of 2 ways.I thought so, I think your neighbours will also take issue with being identified as south east! That said, anything north of Peterborough is still ‘the north’.
If you want regional unit pricing (which makes sense), you should also want regional standing charges. We currently have regional standing charges which are mostly made up by local distribution costs so there isn’t a need to change that.
either nationalise all prices SC AND unit price but give a cup of STFU to NIMBYs who don't want their posh areas having a wind turbine or a pylon
OR go full regional pricing which may mean some areas having High SC but as it stands now it seems they tend to have most local generation so would have lower unit pricing.
but what we have now I can't think of a more unfair way of doing it with SC being regional but unit price fairly uniform which as it is now means areas which produce the most local generation also pay the most.
on a lighter note...... few would argue I am in the east.
and chip shops don't sell gravy , don't know what a sausage dinner is but DO.sell dog fish, and cafes sell jellied eels.
so that is definitely south. hence. south east
Last edited:
Soldato
And yet many who don't want Regional Unit Charges appear happy for regional Standing Charges without addressing said large offsets....
Last edited:
I am consistent, I think SC should be equalised. Although the offsets on zonal and especially nodal will absolutely dwarf the current offsets.
For consistency, apply this formula to fuel, food, broadband and other things that have variable cost.
So e.g. Scotland pays 3-4x for food as is the likely real term cost, and places outside of urban areas also would have a higher cost in general. This is what I mean by political problems, you cant just pick one thing and say make it local pricing whilst keeping cross subsidisation in other sectors. Are we trying to become the United States?
Nimbys are easy to deal with you, just tell them to STFU.
The point made about energy costs and investment I also think is a downside not an upside.
Where in the proposal does it state this will provide more cheap and renewable energy sources in southern and central England? Thats the show stopper for me, this would just create a permanent large divide.
So e.g. Scotland pays 3-4x for food as is the likely real term cost, and places outside of urban areas also would have a higher cost in general. This is what I mean by political problems, you cant just pick one thing and say make it local pricing whilst keeping cross subsidisation in other sectors. Are we trying to become the United States?
Nimbys are easy to deal with you, just tell them to STFU.
The point made about energy costs and investment I also think is a downside not an upside.
Where in the proposal does it state this will provide more cheap and renewable energy sources in southern and central England? Thats the show stopper for me, this would just create a permanent large divide.
![Pyr0m@nI@]{](/styles/overclockers/avatars/4.png){kind=avatar}
Associate
Price for Gas on tracker is getting higher. 
5.94p yesterday
5.92p today
6.13p tomorrow
Feeling the temptation to fix
5.94p yesterday
5.92p today
6.13p tomorrow
Feeling the temptation to fix
Last edited:
Soldato
Yea we don't have gas but that's shot up on the tracker, saying that electricity is either sat on, or slightly above SVR and has been for weeks.
But Europe is 95% full of its gas storage levels so why the nerves?