who cares what the guardian says..... nationalise the lot.
you think any of the papers have your best interest at heart?
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
you think any of the papers have your best interest at heart?
Seems in 2019 Labour had a policy of doing UK wide double glazing and solar panels.
Given the resistance to nationalising energy ownership in this country, would people here be supportive of a program to get solar panels on every home and double glazing all single glazed properties?
Combination of grants and interest free loans. The grants tapered so not sudden 100% to 0% but gradual drop off as income goes higher. This would include rental properties.
The people in this thread with solar panels and batteries seem to have wiped out a majority of their electric bills, so seems really effective.
Given the resistance to nationalising energy ownership in this country, would people here be supportive of a program to get solar panels on every home and double glazing all single glazed properties?
Combination of grants and interest free loans. The grants tapered so not sudden 100% to 0% but gradual drop off as income goes higher. This would include rental properties.
The people in this thread with solar panels and batteries seem to have wiped out a majority of their electric bills, so seems really effective.
Associate
- Joined
- 5 Apr 2004
- Posts
- 1,204
My contract is due to end in October.
Currently at:
Electricity unit rate
19.21p per kWh
Gas unit rate
3.77p per kWh
Eon are offering a fixed to
Electricity Unit rate
59.42p per kWh
Gas Unit rate
15.03p per kWh
Is this essentially the October price cap rate or is it due to go up again? The flexible rate currently is about half this new fixed.
Just wondering whether I should try and lock in a new rate before October or leave it to go onto flexible.
Currently at:
Electricity unit rate
19.21p per kWh
Gas unit rate
3.77p per kWh
Eon are offering a fixed to
Electricity Unit rate
59.42p per kWh
Gas Unit rate
15.03p per kWh
Is this essentially the October price cap rate or is it due to go up again? The flexible rate currently is about half this new fixed.
Just wondering whether I should try and lock in a new rate before October or leave it to go onto flexible.
Now google 'Daily Mail Corbyn Solar' to see how the right wing press reported it
Lots of references to Communism, magic money trees, bankrupt the country, VeNeZuElA!!1! It's like reading right wing fear porn bingo.
I see Liz Truss at the time was very vocal attacking the policy at the time as well...
Soldato
This would be great as it would not only help people who got the panels, but also take a lot of demand off the grid for people who can't have solar, reducing prices for everyone
My contract is due to end in October.
Currently at:
Electricity unit rate
19.21p per kWh
Gas unit rate
3.77p per kWh
Eon are offering a fixed to
Electricity Unit rate
59.42p per kWh
Gas Unit rate
15.03p per kWh
Is this essentially the October price cap rate or is it due to go up again? The flexible rate currently is about half this new fixed.
Just wondering whether I should try and lock in a new rate before October or leave it to go onto flexible.
Those rates are pretty good actually, gas is just over the October rates, electric is about 8p higher, but likely to be lower than January's
Soldato
Aye my unit rate lowest offer is 68p Electric and 19p Gas so with the expected variable come October and timeline I'll just stuck with what have tbh.
Being 10p higher than the expected October and then taking into account an approx 23% rise again in January means the fix would still cost me an additional £200 in electric and £60 in gas over that 6 month period. And that is with only using 200kWh a month electric and 250kWh month Gas.
To note the October variable is 58p according to current reports. If I could fix at 59.42p I'd still be spending about £68 more than expected variable come October and January but it would give me a guaranteed figure. And means it's only £10 a month after equaling out the expected. So with that I would probably suggest fixing if you are a lower electric user.
If you double usage from 200kWh a month to 400kWh then you double the extra cost and so forth or if you only use 100kWh of electric a month it is half the additional over those 6 months. So it does depend on your personal circumstances if that makes sense for you unit wise. The less you use the better the outcome.
I haven't factor in April onwards with that though. Just haven't got that far with seeing what they are saying costs are but am hoping something is done by then to at least maintain the January figure as that appears to be what my fixed rates offered are compared too.
Being 10p higher than the expected October and then taking into account an approx 23% rise again in January means the fix would still cost me an additional £200 in electric and £60 in gas over that 6 month period. And that is with only using 200kWh a month electric and 250kWh month Gas.
To note the October variable is 58p according to current reports. If I could fix at 59.42p I'd still be spending about £68 more than expected variable come October and January but it would give me a guaranteed figure. And means it's only £10 a month after equaling out the expected. So with that I would probably suggest fixing if you are a lower electric user.
If you double usage from 200kWh a month to 400kWh then you double the extra cost and so forth or if you only use 100kWh of electric a month it is half the additional over those 6 months. So it does depend on your personal circumstances if that makes sense for you unit wise. The less you use the better the outcome.
I haven't factor in April onwards with that though. Just haven't got that far with seeing what they are saying costs are but am hoping something is done by then to at least maintain the January figure as that appears to be what my fixed rates offered are compared too.
I've gone for the Gas Tracker as well after thinking much the same. It's capped at 16p, Oct SVR is looking around 15p and Jan will surely be higher. Also switching to the Go tariff and will try to time shift some usage, got a Shelly ready for my dishwasher.
I emailed [email protected] yesterday afternoon, made clear only wanted gas switching to Tracker, received email confirmation 15 minutes later saying it was done.
Morning,
I need a little advice, I’m currently with Eon Next, fixed last October for 12 months.
My fix is going to end on 7th October this year, I’ve currently got another fix deal where my payment would be double currently,
Unit rates are
Electric
SC - 44p
Unit rate - 60p
Gas
SC - 27p
Unit Rate - 15p
Would you fix for the next 12 months at that rate or go variable? I usually use around half of the price cap figure a year.
I need a little advice, I’m currently with Eon Next, fixed last October for 12 months.
My fix is going to end on 7th October this year, I’ve currently got another fix deal where my payment would be double currently,
Unit rates are
Electric
SC - 44p
Unit rate - 60p
Gas
SC - 27p
Unit Rate - 15p
Would you fix for the next 12 months at that rate or go variable? I usually use around half of the price cap figure a year.
Soldato
You pay a little over the wholesale price, calculated daily, but it's capped at 16p/kWh. Considering the current cap rate is almost 15p, it seems a safe bet given that:
-The January cap will almost certainly be higher
-There are no exit fees - you can drop back on to the SVR at any time
-There is the possibility that the rate will actually drop if wholesale prices are lower (yes, VERY slim possibility the way things are atm, but still
)With that gas rate, absolutely! The electric I'm not so sure
So you'll basically pay 16p a unit? How's that cheaper than the rumoured 14.76p on the variable tariff.You pay a little over the wholesale price, calculated daily, but it's capped at 16p/kWh. Considering the current cap rate is almost 15p, it seems a safe bet given that:
-The January cap will almost certainly be higher
-There are no exit fees - you can drop back on to the SVR at any time
-There is the possibility that the rate will actually drop if wholesale prices are lower (yes, VERY slim possibility the way things are atm, but still
With that gas rate, absolutely! The electric I'm not so sure
Soldato
If you are super low electric user less than 200kWh a month I would say yes it would be worth it as it locks the gas at a decent figure and you are likely only paying about £10 a month more till April for electric then at that sort of usage. If you are a higher electric user see my post above as only a few pence per unit soon adds up to larger payment than it needs to be.
I should add if I don't fix and the rates go way they suggest come April I would be paying over the odds by the tune of £75 a month until it drops again (assuming it does). So it depends on how long term risk you want to secure. My bigger issue is my DD payment is based on usage that is almost double what I have used consistently since April this year. Meaning although it is only £10 a month more in true usage they are asking for almost double that as an actual DD setup amount.
Soldato
As it states in bullet point it is in regard to being cheaper than January where at moment that unit rate is likely to increase around 18.15p (estimated at min of course). So you need to calc your usage to the difference in cost and where you expect to come out after that 6 month period. If you then took into account April then it is looking to go up to 25.4p a unit so if you are fixed for a year at 16p then you should be quids in come April assuming nothing changes between now and then and the Government doesn't actually step in any further.
Soldato
It's a tricky one, solar really benefits those who use the most. Putting it on everyone's houses would seem wasteful unless we're using overflow generation as part of a grid wide strategy.
I'd imagine the money would be better spent setting up more central solar or wind farms that everyone can use.
Solar as a individual investment is already commercially viable, but we need more background generation for the grid.
The elephant in the room here is also the fact that the more we have, the more we need to replace. Panels are great but they don't last forever, are the gov also going to be running around replacing inverters every 5-10 years and panels every 25-40?
Soldato
It's not, but it's significantly cheaper than both the January and April predicted rates, and considering the coldest part of the year is usually December - March, 1-2 (relatively) warmer months paying 1p more, followed by 2-3 colder months paying 2-3p less sounds good to me.
As with all fixes, without a crystal ball it's basically a gamble based on a best guess with the data available at the time - it might not pay off, but even so at least I won't have the stress of worrying what my bill is going to go up by over the next few caps!
If the govt. does step in and freeze the cap or something, I can always switch back to the SVR without penalty.
Associate
- Joined
- 8 Nov 2006
- Posts
- 1,404
What would be the point of solar panels on every home? they generate power in the day sure, but im at work in the day, for 6 months of the year its dark from 7pm onwards when im home using electricity. Unless the panels come with a massive storage shed full of batteries and somewhere to put it I cant see the benefit. Its not like the energy can be stored anywhere, we dont have that technology yet.
a lot to be said for stability.
Its why I initially went for my fix in October.
In fact its exactly the same.
It was no penalty.
It was higher than the coming cap.
People said "you're crazy, you're paying more than the cap"
I knew I could pay it and didn't think I'd gain/lose much with it.
Look what happened.
Turns out I'm gaining a lot.
Associate
Well for a start, if they're feeding back to the grid, that is a little bit less gas the power companies have to burn, which I'm sure helps?
Soldato
I still think a better strategy is centrally harnessing solar/wind.
We should focus on adding solar to heavy industry as well, anywhere that uses a lot of energy should be priority for installing solar, vs adding to peoples houses.
We should focus on adding solar to heavy industry as well, anywhere that uses a lot of energy should be priority for installing solar, vs adding to peoples houses.
If I had my way I'd give option. You can have x amount of money. A fixed sum.
You must use if for energy efficiency.
Solar set up
Insulation upgrade
Windows.
Energy credit.
Its the households choice.
Not everyone's house is suitable for solar for example.
But you can't take it as refundable credit. Otherwise it will go on Christmas presents.
But building more centralised solutions would be easier to administrate
You must use if for energy efficiency.
Solar set up
Insulation upgrade
Windows.
Energy credit.
Its the households choice.
Not everyone's house is suitable for solar for example.
But you can't take it as refundable credit. Otherwise it will go on Christmas presents.
But building more centralised solutions would be easier to administrate