Energy Prices (Strictly NO referrals!)

Haggisman said:
Semantics - given the obvious volatility and unpredictability of the tracker rates, it's safest to budget by treating it as a 16p fix, and anything lower is a bonus - however, given the small difference between that and the gov. cap (~14% of my monthly average), it's potentially worth taking into consideration when deciding whether to stay on it or not. If my gas usage under the tracker was to average 11.112p then I would be at the break even point.

Obviously that depends on what happens with regards to the promised discounts for fixed rates (and whether they apply to the more unusual tariffs such as Tracker and Go)
Click to expand...
It's fact. What's been promised for fixed rates is irrelevant, it can't apply to you as you aren't on one. You'll have to wait and see if there's any help for those on trackers.

danlightbulb said:
Spends nothing on home gas or electricity but orders takeaway every night, takes the washing round the mother-in-law's, showers at work?
Click to expand...

ci_newman said:
That's not too unbelievable with energy efficient appliances. My daily usage if I don't use the dishwasher and washing machine is ~ 4kWh elec. Using the dishwasher and washing machine once per day raised my average to 6kWh/day and my gas also averages about 5kWh/day mainly for baths and showers. That's with me and my wife WFH 5 days a week too.

Assuming everything is cooked on the hob / microwave or fresh foods then for the summer months that's not much of a stretch.
Click to expand...
Hopefully @robj20 will enlighten us on how to provides for a family of four on so little.
 
Surveyor said:
£10.21 gas is only 1kWh/day over the standing charge. Your background electricity use is 3.5kWh/day so for a family of four how do you manage to do all the cooking, washing, hot water etc. on 1kWh of gas and 3kWh of electricity per day?


You don't have a fix. You have a tracker with a capped rate.
Click to expand...
I cook most days as well. Yesterday we had homemade Chilli.
Only things that use gas are hot water, heating and shower. Cooking is all electric.
Make use of the slow cooker, pressure cooker and air fryer as much as possible.
Started using the dryer again last month as well but that's a heatpump so barely uses anything.
Hot water set to 48c seems to have made a good difference over the previous 54c as well, plus it's child friendly as well.
Children are still of the age where they shower with us, don't spend ages in the shower either and I actually wash mostly in cold water.
 
robj20 said:
I cook most days as well. Yesterday we had homemade Chilli.
Only things that use gas are hot water, heating and shower. Cooking is all electric.
Make use of the slow cooker, pressure cooker and air fryer as much as possible.
Started using the dryer again last month as well but that's a heatpump so barely uses anything.
Hot water set to 48c seems to have made a good difference over the previous 54c as well, plus it's child friendly as well.
Children are still of the age where they shower with us, don't spend ages in the shower either and I actually wash mostly in cold water.
Click to expand...

Quick check of the IHD and we're already at 3kwh for both gas and electricity this morning.

That's with 2x 10 min showers (boiler fed), a small amount of hot water usage washing a baby bottle this morning, and a minute or so on the smallest gas ring to warm some milk as the only gas usage.
Nightlight and the usual fridge/freezer/router etc. on as background usage, plus my PC since 8am and TV on for 30 mins as electric usage.

There's no way you're covering all of the above on 1kWh gas and 3kWh electric?
 
Haggisman said:
Quick check of the IHD and we're already at 3kwh for both gas and electricity this morning.

That's with 2x 10 min showers (boiler fed), a small amount of hot water usage washing a baby bottle this morning, and a minute or so on the smallest gas ring to warm some milk as the only gas usage.
Nightlight and the usual fridge/freezer/router etc. on as background usage, plus my PC since 8am and TV on for 30 mins as electric usage.

There's no way you're covering all of the above on 1kWh gas and 3kWh electric?
Click to expand...
Okay well my meters must be lying then.
 
Haggisman said:
Quick check of the IHD and we're already at 3kwh for both gas and electricity this morning.

That's with 2x 10 min showers (boiler fed), a small amount of hot water usage washing a baby bottle this morning, and a minute or so on the smallest gas ring to warm some milk as the only gas usage.
Nightlight and the usual fridge/freezer/router etc. on as background usage, plus my PC since 8am and TV on for 30 mins as electric usage.

There's no way you're covering all of the above on 1kWh gas and 3kWh electric?
Click to expand...

Thats mental. Our baseline usage is around 0.125kWh per hour and when up and about that becomes around 0.25kwh. We hit 3kW usage by 10.30am in the morning use around 10kW per day in total. There are only 2 of us and I thought we were quite frugal with our energy consumption. Hot water is on an oil combi boiler.
 
Anyone with an indirect hot water cylinder care to share how much gas they use daily keeping it hot?

With the central heating off we're using on average around 10 kWh of gas a day on heating a 150L cylinder, 15kW boiler on for an hour a day.
 
Some days we use zero gas, I save the washing up rather than do bits each day.
Bulk cooking I reckon saves us a fair bit made enough chilli yesterday to feed all four of us 3 or 4 times.
 
^JP^ said:
Anyone with an indirect hot water cylinder care to share how much gas they use daily keeping it hot?

With the central heating off we're using on average around 10 kWh of gas a day on heating a 150L cylinder, 15kW boiler on for an hour a day.
Click to expand...

6-8kw a day for us, thats 1-2 showers, most days will be 2 plus other bits such as soaking a few pots, washing hands etc

I can see when the other half has a bath as it jumps 3-4kw
 
200sols said:
Seems like flawed data to me. If you read the article.

"A review of the oil giants’ shares by the Common Wealth thinktank shows the largest holdings are by US investment companies, including BlackRock and Vanguard"

Individual investors buy into those investment companies into funds or trackers, many UK people do in ISAs and SIPPs. I think that article is seriously flawed.

I support a windfall tax by the way, just not the way that article justifies it.
Click to expand...
I think both of those companies have wealthy clients, investors may want anonymity.

So that doesnt disprove only a very small minority is owned by pension funds.

But I do agree the tiny bit been owned by pension funds I havent seen proof of either. I suppose the pension funds bit came up because Truss said in an interview one of the reasons for not windfalling was to protect pension funds.
 
^JP^ said:
Anyone with an indirect hot water cylinder care to share how much gas they use daily keeping it hot?

With the central heating off we're using on average around 10 kWh of gas a day on heating a 150L cylinder, 15kW boiler on for an hour a day.
Click to expand...
We use an average of 5-7kWh gas per day during the summer for hot water and gas hob
 
Haggisman said:
Semantics - given the obvious volatility and unpredictability of the tracker rates, it's safest to budget by treating it as a 16p fix, and anything lower is a bonus - however, given the small difference between that and the gov. cap (~14% of my monthly average), it's potentially worth taking into consideration when deciding whether to stay on it or not. If my gas usage under the tracker was to average 11.112p then I would be at the break even point.

Obviously that depends on what happens with regards to the promised discounts for fixed rates (and whether they apply to the more unusual tariffs such as Tracker and Go)
Click to expand...
Wait a week, Octopus have said in two updates now they will inform customers end of this week.
 
^JP^ said:
Anyone with an indirect hot water cylinder care to share how much gas they use daily keeping it hot?

With the central heating off we're using on average around 10 kWh of gas a day on heating a 150L cylinder, 15kW boiler on for an hour a day.
Click to expand...

Heating our 210l cylinder of hot water when empty is 10-11kWh we don't always empty it so the average is 8kWh a day over the month also with a gas cooker. To reduce that my wife would have to stop having baths not quite at that gas price yet !

Insulate all your pipes to and from the boiler to the cylinder also insulate as much of your hot water pipe runs as possible all the little reductions in waste heat in the summer add up was never worth it at 2p a gas unit but at 10p will make a difference. We have hot water circulation so all our hot water pipes are insulated even with the pump off the hot water out the tap is still hot for hours. A quick google says a 1 meter of 22mm Cooper losses 40-60watts a meter depending on temp differece so in the summer when this heat loss isn't helping heat the house is wasted energy.
 
chrcoluk said:
I think both of those companies have wealthy clients, investors may want anonymity.

So that doesnt disprove only a very small minority is owned by pension funds.

But I do agree the tiny bit been owned by pension funds I havent seen proof of either. I suppose the pension funds bit came up because Truss said in an interview one of the reasons for not windfalling was to protect pension funds.
Click to expand...

Any investment company will have wealthy clients.

Its somewhat out of date but in March 2018 UK private pension wealth was £6.1 trillion gives an idea how much is in pension fund pots

Oil and gas have been good targets for UK funds historically, there is no reason to think they would have fallen massively out of fashion.

Every single one of us has anonymity in our investments, which for many is their pension fund.
 
You must log in or register to reply here.
Back
Top Bottom