Energy Prices (Strictly NO referrals!)

n111ck said:
Pensioners get £600 which will bring the cost down to the current EPG and given they probably dont use that much will equate to even more of a discount.
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With the current EPG they've been given £400 already (Or will do).

I'd argue pensioners probably use more heating.

People will have absolutely nothing to spend, god knows how the actual working class are meant to get through things.
 
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Martini1991 said:
With the current EPG they've been given £400 already (Or will do).

I'd argue pensioners probably use more heating.

People will have absolutely nothing to spend, god knows how the actual working class are meant to get through things.
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They’ll get through it as they always do but it’s not good for the economy as they’ll have very little to spend in it.
 
Mercenary Keyboard Warrior said:
I think we should stop being fixated on payment type and focus far more on "usage when".
The fixed DD in theory is balancing from what I was told on an annual point where your meters could be read so if properly taken and no massive price changes the net impact of the fixed DD customers should be basically zero.
I do agree however in that its quite likely that it will become a privaledge rather than a right as some point, eg being credit scored for an account.

What you miss is that there are significant costs incurred with prepay so its not the cheapest to support at all. In fact its considerably more expensive.
Maybe if they paid the actual fee for the payment then it may support a cheaper price, but with potentially 20-30 transactions per month compared to the other two methods its completely obvious why its more expensive.

The middle option has just as much risk as the last unless its based on a smart meter.

In fact a smart meter should get a discount due to accuracy of data provided.
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I would love to see details of these "considerable" costs, always mentioned but never disclosed.

Looking at it quite simply, a customer you dont need to chase up, a customer you dont need to calculate their annual cost, a customer you dont need to manage their direct debit for them, a customer who isnt ringing up every month to adjust their direct debit whilst arguing their reason to the operator, and most importantly a customer that has already paid for all the energy they use is cheaper.

Does the lottery charge more for tickets brought in a shop compared to on direct debit online?

Seems can top up online now as well. https://sse.co.uk/smart-meters/pay-as-you-go.

Of course I agree TOU billing needs serious looking at, but I think this predatory practice on pre pay needs to stop. As well as regional pricing.
 
n111ck said:
Pensioners get £600 which will bring the cost down to the current EPG and given they probably dont use that much will equate to even more of a discount.
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The EPG is already too much for the poorest, hence the support they needed announced from the April before.

2022 is basically.

£2500 unit price cap.
£400 fixed subsidy which works out more for lighter users, the issue with EPG its flat across usage.
£650 CoL payments.
£150 disability payment.
£300 pensioners.

I think 2023 is going to be painful, I would be surprised if we get CoL payments anything like 2022, they are likely to add much tighter criteria to get the cost down, similar to the new WHD which has left millions of poor out.

Its clear they cannot afford anything resembling this year so I would ditch the EPG completely and just make sure the CoL stuff is something reasonable. Maybe £1200 for all poor pensioners (means tested) and also poor working age, no standard £400 and no EPG. Probably taper it so its not grossly unfair to those "just above" the black line.
 
Curlyriff said:
That's pretty decent for those that will save and be able to adjust during that time. My evening use when home is after that time so I won't benefit and I only use about 1kWh between home and the next morning so I don't think I'll see any return through this scheme.
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yeah I thought it was ok, but now I am thinking what sort of usage would you actually need to have to really make any individual difference
I use about 16-18 per day, but its spread over the day. So a short window of 1 hour for me would mean I could maybe just about save 1 if it happened to be a heavy window and I turned literally everything off.

I think they said you needed to save 0.5kwh in a 30 minute period. Which again wouldnt work for me. I would say thats average to high usage and likely tricky to mange to save anything.
Will see what happens tomorrow when it actually kicks in.
 
Indeed but this only an hour session, dome in future are noted to be 4hrs long. And tbh if you on 18 a day and you sleep for 6hrs then that's 1kWh every hour. You could work it all out before you sign up. Just check your own logs for previous 10 days between that time and see what you used average. So if you averaged more than 1kWh then just turn everything off for that hour and you'd save that at least.

Overall it most be better for the UK as a total at least even if you just aim to save. But I for instance only average 70watts for that time period ha.
 
What event is occurring at 5pm I wonder they are anticipating a shortfall, just normal rush hour people coming home. Apparently electric cars for that reason can represent a spike which is unfortunately opposite to green power being spread over 24hr, it can be programmed differently but mostly chargers are not that clever I guess.

Normal 5pm usage is not high so doubt it'll pay us much
average 70watts for that time period
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Even background use would be higher for many but whatever amount is a fraction of a kilowatt so it'll pay little as a 'refund'. Its a smart idea, interesting more then profitable :p Boil the kettle just before, put it in a thermos; really not many are going to bother are they lol

HungryHippos said:
If anything like my grandparents they needed 30c indoors all year long, dread to think what their bill would have been like.
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About 27c yep no joke is normal at grandparent age, not exactly an option as its a physical change. Same applies to young children perhaps. It was 21c in Porthmadog the other day allegedly in November, Wales not normally known as the costa del sol
 
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Mercenary Keyboard Warrior said:
First octopus saving session tomorrow 5-6pm £2.25 per 1kwh saved
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Azza said:
Seems to me that if you moved your 'heavy' use to a traditional 'off-peak' time period (morning / evening?) for the time being until the sessions start then you're more likely to be able to drop usage during the sessions and earn points?
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Looks like that could be a strategy that actually works if you were able to workout a plan to game it in your circumstances.


Currently my usage during that time period is as follows;

1/11 - 0.95 kWh
2/11 - 0.308 kWh
3/11 - 0.459 kWh
4/11 - 0.397 kWh
5/11 - 1.125 kWh
6/11 - 0.122 kWh
7/11 - 0.133 kWh
8/11 - 1.376 kWh
9/11 - 0.472 kWh
10/11 - 0.284 kWh
11/11 - 0.367 kWh
12/11 - 0.777 kWh
13/11 - 0.31 kWh


So it'll be quite hard to get anything meaningful now especially in just an hour time slow.
 
They have said sessions will 1 to 4 hrs. Note it isn't Octopus setting it, it's National Grid setting these. The energy companies are just given the times to share.

Even background use would be higher for many but whatever amount is a fraction of a kilowatt so it'll pay little as a 'refund'. Its a smart idea, interesting more then profitable :p Boil the kettle just before, put it in a thermos; really not many are going to bother are they lol
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Probably but my background is the fridge, pond pump, broadband router and 1 TV on standby in house (TV only cause can't get to sockets without moving all the wardrobes out etc to switch the socket off).

So when I'm not in or just got in and catching up with news etc then yeah the base amount isn't a lot. My usage even when am home is only about 200-225watts for a few hours in evening now.
 
Mercenary Keyboard Warrior said:
First octopus saving session tomorrow 5-6pm £2.25 per 1kwh saved
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What do they base the 1kw saved off?
Mines the same 17:00 - 18:00 tonight.
I'll just try turn everything off for the hour. But don't I even use 1kw during that hour normally.

0.27kwh yesterday
0.1kwh Sunday
0.23 Saturday

So how am I meant to cut 1kwh from that?
 
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silversurfer said:
What event is occurring at 5pm I wonder they are anticipating a shortfall, just normal rush hour people coming home. Apparently electric cars for that reason can represent a spike which is unfortunately opposite to green power being spread over 24hr, it can be programmed differently but mostly chargers are not that clever I guess.
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The majority of home EV chargers can be scheduled and cars also have software for scheduling. Most people will,be charging during off-peak times.
 
I was rereading and I am not sure you need to save a whole unit now.
They quote a unit and that its worth £2.25 but I kind of read it as not specifically a whole unit.

We will see tomorrow I guess, they say 24 hours to see your saving

In case people miss it. If its a weekday the average is based on last 2 weeks usage (last 10 days) if its a weekend its based on last 4 weekend days (ie average of last 2 weeks weekends)

Would be pretty hard to game that which is why 2 week usage average I suspect since your more likely to end up paying more unless you got lucky imo.
 
LOL BG's epic incompetence on display again.
They never could get my IHD to display accurate gas usage.
Since I've switched to Octopus, it's spot on. Same IHD. No idea how, but hey.
 
nutsnut said:
I used 1.1kw between 5 and 6 yesterday, so not scope to save much short of sitting in the dark and starting dinner later
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How granular is this saving? Is it in 1kwh units, or would saving half a kwh get you 900 points? (Used 0.8kwh between 5 and 6 yesterday)
 
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