It's because I have an electric car. You get 7.5p / KWh between 12:30am and 4:30am to charge the car. You can't sign up to the Octopus Go tariff without an EV.
-
Competitor rules
Please remember that any mention of competitors, hinting at competitors or offering to provide details of competitors will result in an account suspension. The full rules can be found under the 'Terms and Rules' link in the bottom right corner of your screen. Just don't mention competitors in any way, shape or form and you'll be OK.
The price of graphics cards will continue to tank and will stay low for at least 2 years - Here's why
- Thread starter lovelyhead
- Start date
Their terms and conditions state that you need either an EV or a plug in hybrid:
The Terms and Conditions of Agile Octopus, Cosy Octopus, Octopus Go, and Octopus Go Green, and Octopus Flux
The Agile Octopus, Cosy Octopus, Octopus Flux, Octopus Go, and Octopus Go Green tariffs are uniquely innovative products of our labs, and available now to customers through our beta programme.
octopus.energy
They introduced the EV / Hybrid requirement not that long ago so if you were already on GO then you are probably fine but I have heard they are asking for proof of a home charger for some new customers. It would be super easy for them to tell if you had an EV / Hybrid or not as you would probably be regularly using between 3.6KW or 7KW between 12:30 and 4:30 at least once a week. They state they can change you over to a different tariff if they think you don't have an EV / Hybrid.
I've not heard anyone saying they would be fixing at over 60p? Prices will probably exceed that in less than a year though.
Predictions can change but the KWh price of electricity is predicted to reach 51 p/kWh by the end of the year.
www.nimblefins.co.uk
Prices are then predicted to rise a further 19% in January which would bring the unit price of electricity to 60.69p.
That could be wrong. But I am willing to bet that it will be right, hence why I fixed at 40p KWh.
Without Government assistance 60.69p a KWh will be ruinous for many many families. GPU's will be one of the last things on their minds.
Average Cost of Electricity per kWh in the UK (2024)
According to OFGEM the average cost of electricity is now 24.5p/kWh for October to December 2024 for a customer with typical usage paying by direct debit on a default tariff. Read how rates change by area, from London to Merseyside.
Prices are then predicted to rise a further 19% in January which would bring the unit price of electricity to 60.69p.
That could be wrong. But I am willing to bet that it will be right, hence why I fixed at 40p KWh.
Without Government assistance 60.69p a KWh will be ruinous for many many families. GPU's will be one of the last things on their minds.
Yeah but they are not just plucking random numbers out of the air. Cornwall Insight seem to have a good record for their predictions being close to accurate.
What is likely to happen before the end of the year that will cause energy prices to fall? The war in Ukraine to end? Seems unlikely. European countries choosing to buy Russian gas again. Unlikely. Even if wholesale energy prices were to fall, you just know that it will take ages, if at all, for consumers to see any reductions on their bills.
It's easer to predict what is happening in the next review. It is literally happening now using information available now.
Just googling their prediction for the last cap.
Press & Media Mentions | Cornwall Insight
Information about us, the latest press releases that highlight key trends in the energy market, interviews & media mentionswww.cornwall-insight.com
They predicted £1660.
Price cap to increase by £693 from April
The energy price cap will increase from 1 April for approximately 22 million customers.www.ofgem.gov.uk
It was actually £1971.
Like I said, try and predict commodities or financial markets at your own peril.
That prediction was made in October 2021, before the Ukraine war started. What could you imagine happening before January next year that could cause wholesale energy prices to tumble and for those price decreases to be passed on to the consumer. The price consumers pay is only going one way between now and next year and it isn't down.
I don't 'know' what the price will be next year, but the odds of it being more expensive than it will be in October seem to be high. Between now and January no one is predicting a price drop. There doesn't seem to be any global news or events that might cause the price to drop. Even if it were to drop, consumers would not see a price reduction between now and early next year. Is it possible prices will drop or stop increasing? Yes. Is it likely, I don't think so.
How many people, even those who buy at the top end of GPU's, will still be happy to buy very expensive GPU's when it costs over £120 a month just to run a tumble drier? When it costs over £50 a month just to have a 15 minute shower every morning? Those prices are the prices I will be paying when my tariff changes next month to 40p KWh. Many people will be paying more than that come October. There will always be rich folk who will pay high prices, but those people are a tiny minority and Nvidia is in the business of shifting hundreds of thousands of GPU's if not millions.
You are a hard man though. Most people aren't as hard as you.
Auxilione is predicting that electricity will cost 87p per KWh by April 2023.
www.linkedin.com
So 3 hours of gaming a day on a 500w PC will cost about £40 a month.
Two 15 minute showers a day will cost £110 a month.
Using a tumble dryer for an hour a day will cost £122.55 a month.
Plus add on all your other energy usage.
AMD and Nvidia will no doubt have their halo products priced high but their mid range will have to be very cheap if they want to turn a profit this generation in this economic climate.
LinkedIn Login, Sign in | LinkedIn
Login to LinkedIn to keep in touch with people you know, share ideas, and build your career.
www.linkedin.com
So 3 hours of gaming a day on a 500w PC will cost about £40 a month.
Two 15 minute showers a day will cost £110 a month.
Using a tumble dryer for an hour a day will cost £122.55 a month.
Plus add on all your other energy usage.
AMD and Nvidia will no doubt have their halo products priced high but their mid range will have to be very cheap if they want to turn a profit this generation in this economic climate.
Energy price cap prediction at highest level yet, reaching £6,552 in April 2023
inews.co.uk
That is almost exactly twice as much as I pay for my mortgage.
That's 5.5 3090ti's a year in graphics card currency!
Energy price cap prediction at highest level yet, reaching £6,552 in April 2023
The latest increase has added close to £500 to the forecasted energy price cap next year
inews.co.uk
That is almost exactly twice as much as I pay for my mortgage.
That's 5.5 3090ti's a year in graphics card currency!