Re: The energy crisis
 

brillo

Re: The energy crisis
 

Re: The energy crisis
 

But how much was your capital outlay to allow you to use "free" electricity?

Re: The energy crisis
 

Sorry, I do not know. I am not pro-wind or anti-wind.

I am simply delighted that Jaymoss introduced me to the Agile Octopus tariff and my energy bill is now 1/3 of what I paid Oct-Jan. Horrentus energy bills, and we were bloody cold...

Can somebody explain to me, why Octopus pay us on windy days, when there is no use of gas in generating leccy?

Re: The energy crisis
 

Now I'm confused. I thought the Agile tariff is the one that tracks wholesale Electricity prices, I never realised the price can go negative!

Re: The energy crisis
 

The agile electricity price changes every half an hour. Every day, at around 4pm, Octopus publishes the prices (for every half an hour) for the next 12 hours. Apparently there is an auction at 3:45 every day, that they fix the prices . You can plan your leccy consumption, by doing your washing, dishwashing, drying etc at the periods that the prices are low (we use "delay" start). Several times, usually during the night leccy is 0 or below zero. Negative prices, mean that we earn money by consuming leccy, more leccy more money is credited --crazy!

The bill is many, many pages long as they charge us per half an hour, and they bill us per half an hour -very analytical.

I have a smart meter.

Re: The energy crisis
 

If you on a v1 or v2 tracker tariff on Octopus you might get renewed on old terms. :) On v3 I think they being more strict as by the time that was put on the market take up sky rocketed.

---------- Post added at 21:23 ---------- Previous post was at 21:22 ----------

It goes negative when supply is too high.

Re: The energy crisis
 

Worth a watch.

https://www.youtube.com/watch?v=pqSo9joCvho

Re: The energy crisis
 

What I foresee happening in the mid term is a sharp drop in electricity prices and an equally sharp rise in gas prices. This I believe will happen once the link between gas prices and electricity is broken

The logic behind my thoughts are El Gov wanting to push people towards heating with electricity instead of gas.

As someone who uses very little heating this will be awesome for me

Re: The energy crisis
 

That’ll be a bit of a challenge for the 74% of households in England and Wales that have mains gas central heating as their only central heating source…

https://www.ons.gov.uk/peoplepopulat...rea/2023-01-05

Re: The energy crisis
 

I counter with the fact el gov want to push heat pumps and are set to offer grants to encourage the switch

https://www.theguardian.com/environm...t-pushing-them

https://www.gov.uk/government/news/1...carbon-heating

https://eciu.net/analysis/briefings/...upgrade-scheme

Re: The energy crisis
 

From your last link…

There are 25 million households in England and Wales - 74% of 25 million = 18.5 million.

18.5 million / 600k = 30+ years…

Don’t get me wrong, I think we will be moving in that direction, but I don’t believe HMG will be undertaking your assertion by driving the price of gas up sharply to do this, unless, in parallel, they have a long term policy (rather than the current subsidy which runs for two years) of providing grants/subsidies for heat pump replacement installations.

Re: The energy crisis
 

The problem with these schemes is private rented properties seem to lose out, home owners sign up, landlords arent interested though, council homes get the work done so what happens to that gap? it doesnt get plugged? Supposedly the EPC legislation should deal with this but it isnt actively enforced.

Re: The energy crisis
 

This is alarming but not unexpected:

https://www.cableforum.uk/images/local/2023/05/2.jpg

Re: The energy crisis
 

Is that factoring any subsidy though because if you factor in the subsidy we have all had the prices are not much different

Just edited the image to what we have actually had to pay like what they have actually had to pay I believe

April 22 I was paying 26p per KWH which is actually lower than the EU average according to your graph as it goes so the whole graph is flawed. If you add 12 months it is more accurate


https://www.cableforum.uk/board/atta...7&d=1683026178