Covid, War in Ukraine, Aliens, Global shortage of Mars Bars, take your pick.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Soldato
Its variable for sure
Mine was quoted on a few weeks ago and install date middle Nov, assuming DNO approval takes a while but they said it may move forwards if it comes through quickly
I contacted 4 installers, 2 didn't even reply
2 did, both visited, 2 quotes one 15k one 13k, i'm going with the 13k version (slightly lower panel count but bigger battery)
Milk is too 1970s, in 2022 it would be Red Bull
Did SC change?
How is the war in Ukraine causing us to have a 80% price hike, how is COVID affecting prices now?
Up 1p/day for both gas and electric, or £7.30/year.
Soldato
Do you not think that information would be pertinent to give at the start of the discussion, since for most people the opposite is true?
It's not quite as simple as that since the rates don't increase proportionally.
E.g. if you were a very light user, then your total would increase less, since the SC hasn't changed, but the unit rates have increased significantly. If you were a heavy user then the opposite would be true.
If you use disproportionally more gas than electric then your rates would increase more, since gas has increased by more than electric
Soldato
This is a long story I'd recommend you go google how Putin is restricting gas supply to the EU in general and why.
Soldato
I know some don't like him but 'frankly irresponsible' is what Martin Lewis says of current Government action. I agree.
Hopefully the Don't Pay protest kicks up a gear. There is meant to be a demonstration in London tonight, wonder what the turn out will be.
www.bbc.co.uk
Hopefully the Don't Pay protest kicks up a gear. There is meant to be a demonstration in London tonight, wonder what the turn out will be.
BBC Radio 5 Live - 5 Live In Short, Martin Lewis on energy price cap: ‘Lack of help is frankly irresponsible’
Personal finance expert Martin Lewis responds to the energy price cap rise.
Thats the older Agile tariff no longer available, its now 55p.
I posted about Agile early July on here when it was still available but only one person signed up, the second time I posted it had been removed.
However the 55p agile is better than all the fixed they offering, so if you want a fix on Octopus to save you January onwards its the best one, and daily rates might occasionally fall below the 52p SVR rate.
The 18 month graph shows how bad things are.
Octopus Agile East Midlands | Energy Stats UK
View historical tariff data for Octopus Agile East Midlands back to 2018. Claim £50 of free credit when joining Octopus Energy.
www.energy-stats.uk
Short version : Because a lot of our electricity generation comes from Gas Power Stations. Since the war in Ukraine has reduced the amount of gas being supplied to Europe (not us) then Europe (and the rest of the world) are competing for the remaining Gas supplies, including LNG, that we use a lot of. Short supply + high demand = high price = high cost of electricity generation.
Global manufacturing and transportation lines are still ****** from Covid, again high demand + low supply of goods = rising costs.
Tbh, I cant see the Dont Pay idea achieving anything more than causing the individuals who do it a lot more problemsI know some don't like him but 'frankly irresponsible' is what Martin Lewis says of current Government action. I agree.
Hopefully the Don't Pay protect kicks up a gear. There is meant to be a demonstration in London tonight, wonder what the turn out will be.
BBC Radio 5 Live - 5 Live In Short, Martin Lewis on energy price cap: ‘Lack of help is frankly irresponsible’
Personal finance expert Martin Lewis responds to the energy price cap rise.
Soldato
Is the energy and gas cap being increased around europe or just the UK?
Soldato
Thats the older Agile tariff no longer available, its now 55p.
I posted about Agile early July on here when it was still available but only person signed up, the second time I posted it had been removed.
However the 55p agile is better than all the fixed they offering, so if you want a fix on Octopus to save you January onwards its the best one, and daily rates might occasionally fall below the 52p SVR rate.
The 18 month graph shows how bad things are.
Octopus Agile East Midlands | Energy Stats UK
View historical tariff data for Octopus Agile East Midlands back to 2018. Claim £50 of free credit when joining Octopus Energy.
I'm looking at/hoping to get onto Agile myself but I think I need the SMETS2 meter, and my SMETS1 only works with EDF.
my switch to Octopus is due to be done by tomorrow, but after that I think I can only actually switch to Agile if I have the SMETS2 in place, which means getting lucky enough to get them out before they increase the prices.
Not sure if I can do Agile export without Agile import, at least then I could do cap pricing for import and get paid better for export.
Uk. As it’s a ofgem/government thing to protect people from the real cost
Mars bars.
Associate
One month to the day left of the GO rate of 5/15/25pSC, it will be missed, last of the good times for sure!.
Interesting. Seems a bit scary though.Nope!
Have a look at the tracker - it's still showing capped rates at 55p for electric and 16p for gas
Octopus Tracker
Britains' fairest energy tariff, with dynamic daily pricing and 100% renewable electricity.octopus.energy
I am a tiny bit confused, this is what I am paying now for elec and gas. Is there anyway to check the daily wholesale price before I sign up to that and will the electricity stay capped at 55p no matter what for a while?
@jonneymendoza it is obviously going up for everyone else too, but at all different rates depending on what the individual Govts are doing about it
The capped prices quoted are also average amounts. Electricity prices with the current cap vary from 32.14-51.62p/day SC and 27.09-29.63p/kWh depending on where you are in the country.