Energy Prices (Strictly NO referrals!)

[ci_newman]

I could be wrong with my Zone, but it would make sense that most of the UK is on the same zoning. Individual residential usage must be a drop in the ocean compared to industrial / business use.

I guess we'll find out over the next few months

 

[Mercenary Keyboard Warrior]

any idea where this info is on the octopus account? thanks

on bill under your supply number

 

[Surveyor]

It's listed on my British Gas bill as part of my supply number

The "S" only seems to stand for supply number.

 

[SDK^]

I'm struggling to get my head round this..

Bulb have just put up my electricity price (variable tariff) to 38p/kwh. Apparently if it were not for the government support this would be approx 60p/kwh.

The thing is, I have an apartment in Riga, Latvia having lived there for years and there too, prices went up on the 1st of October. In Latvia, where at the moment there is no government support my electricity price went up to 0.18 euro/kwh, or approx 15p/kwh.

Latvia is far more exposed to gas shortages than we are over here.

How is this possible? Where is all that extra money going.....

Interesting post - this was the Gas price across Europe in late August. Maybe Latvia don't use gas to generate most of their electricity, hence the cost is much less.

 

[200sols]

hence the cost is much less.

On that graphic Latvia is more expensive than the UK.

 

[darkgen]

It is not the supplier number but may be indidcated elsewhere;
E.G. Eon:next

 

[bigmike20vt]

on bill under your supply number

thanks. B then.
in the (hopefully) unlikely event we get rolling blackouts this winter I escape lightly.. Monday is a bit of a pita but would probably go into office that day and eat out that night.

 

[squerble]

Block C here. Decent timings as I'm in the office Mon-Wed so the only affecting one is 2130-0030 on Monday nights, but we're heading to bed at around 2130 anyway so...

The next levels up don't make for nice reading though better hope people take it upon themselves to reduce energy usage so we can avoid the blackouts.

 

[Surveyor]

Interesting post - this was the Gas price across Europe in late August. Maybe Latvia don't use gas to generate most of their electricity, hence the cost is much less.

Aren't those electricity prices?

 

[TrojanWhore]

On that graphic Latvia is more expensive than the UK.

The graphic (edit: apparently!) represents gas price, @SDK^ speculated that perhaps Latvia do not use gas to generate electricity (or link pricing to it as we do), hence costing less

 

[200sols]

The graphic (edit: apparently!) represents gas price, @SDK^ speculated that perhaps Latvia do not use gas to generate electricity (or link pricing to it as we do), hence costing less

Its not gas prices, those figures are wholesale electricity prices. Probably day ahead quotes.

 

[TrojanWhore]

Fair enough, I don't know the source of the graphic (and after a quick check can't find it), hence my edit, but the quoted post stated it was gas price

 

[200sols]

Fair enough, I don't know the source of the graphic (and after a quick check can't find it), hence my edit, but the quoted post stated it was gas price

https://twitter.com/javierblas/status/1564147030955593728

 

[kinetic747]

Our electricity pricing is currently tied too closely with the cost of gas units. Even if the UK managed to generate every single kW from renewable sources and use no gas, electricity prices would still be @ 60p/kWh due to our pricing structure

Something the government said they were looking to address. They don't seem in any rush do they?

 

[delta0]

Something the government said they were looking to address. They don't seem in any rush do they?

I expect it’s very difficult to change so will take a while before they understand all the implications if they did.

 

[ci_newman]

Something the government said they were looking to address. They don't seem in any rush do they?

What Government? We haven't had a functioning Government in power since Boris resigned before the summer.

 

[n111ck]

What Government? We haven't had a functioning Government in power since Boris resigned before the summer.

Hopefully Boris will be back to restore order next week..

 

[LabR@t]

Hopefully Boris will be back to restore order next week..

Yes can't wait some one with some gravitas

 

[MattTheTall77]

My British Gas smart meter hasn't logged anything back to them since the 11th June. Checking the settings in the monitor it has an error Status 41 waiting for cloud service.

I keep messaging them every couple of months, apparently it's a known issue "The tech team are still working hard to correct this and will upload the fix remotely when they are in a position to do."

Is anyone else having the issue or are they making things up?

 

[esmozz]

Post makes no sense. Unit prices are capped in the UK at about 35p right now for electricity.

Energy support earmarked in Latvia is one of largest in EU - Levits and Karins

RIGA - Expressed as percentage of GDP, the total support earmarked by the government for households and businesses to help them pay their energy...

www.baltictimes.com

I can assure you I can read the numbers off the letter written to me by Bulb - 38.59p per kwh (electric). Which would be about 60p per kwh without the energy support scheme.

But I did make a mistake - I've read the price for the september bill which is 18c per kwh, it may or may not go up again. The support package that will come into play this month is'nt exactly clear, I've shown the link you posted (thanks) to my partner (who's Latvian) we still don't get it, even from info written in Latvian.

In particular:

"Households will receive the first 100 kWh a month for a fixed tariff that does not increase EUR 160 per MWh"

Unless I'm completely miscalculating average energy usage, 100 kwh/month is nothing.

Which is all by the by. I believe that previously Latvia received 100% of its gas from Russia for both heating and electricity generation, apart from some hydro-electric power, they don't really have any other way of way of producting power.

The point being I expect my bill in Latvia to be an awful lot less than here in the U.K. I don't think the support package is actually anything that special - so where is all the money going here?

I suspect profiteering. For reference the spot price for electricity in the U.K right now is £280 per mwh. Or 28p per kwh.