Cable Forum - UK Energy Prices

That is good news. But I've just signed up to a fixed tariff. :( I don't have exit fees so I could come out of it but I'm sure I won't get a better deal before the next Ofgen price cap. Maybe there might be better fixed tariffs around now.

Saying that, they always lower the price in the summer months you don't save anywhere near the amount they state anyway. So it's a bit of a con as they'll put it up again around autumn when you'll use more.

I signed up to an Octopus 12 month fixed with £59 exit fee on both fuels, I regret not staying on a Tracker Tariff for atleast Gas.

1andrew1

19-05-2025 12:08

Re: UK Energy Prices

Quote:

Originally Posted by Sephiroth (Post 36196793)

”Policy surcharges”?

That's not what's keeping them high. It's the link to gas prices.
https://www.theguardian.com/business...-done-about-it

Jaymoss

19-05-2025 13:32

Re: UK Energy Prices

Quote:

Originally Posted by SnoopZ (Post 36196794)

I signed up to an Octopus 12 month fixed with £59 exit fee on both fuels, I regret not staying on a Tracker Tariff for atleast Gas.

It will go up again in winter

Pierre

19-05-2025 18:03

Re: UK Energy Prices

Quote:

Originally Posted by 1andrew1 (Post 36196788)

It's been previously explained that it's gas prices that are keeping energy prices high not net zero as renewables are cheapest.

None of that matters, to your pocket.

Paul	19-05-2025 18:30

Re: UK Energy Prices

Quote:

Originally Posted by 1andrew1 (Post 36196774)

Some good news I wasn't expecting on energy prices

Its not unexpected, the cap has been predicted to fall in July for months now, and possibly in Oct as well, then rise very slightly in Jan 2026.

https://www.moneysavingexpert.com/ut...ap-prediction/

Gas has been cheap for almost two months now, the Tracker price has been below 5p since the last week of April.

downquark1

19-05-2025 18:48

Re: UK Energy Prices

<Removed>

1andrew1

19-05-2025 18:52

Re: UK Energy Prices

Quote:

Originally Posted by Pierre (Post 36196827)

None of that matters, to your pocket.

Maybe not to yours but to mine and countless others it does.

Pierre

19-05-2025 19:24

Re: UK Energy Prices

Quote:

Originally Posted by 1andrew1 (Post 36196833)

Maybe not to yours but to mine and countless others it does.

How so?

1andrew1

20-05-2025 10:57

Re: UK Energy Prices

Quote:

Originally Posted by 1andrew1 (Post 36196833)

Maybe not to yours but to mine and countless others it does.

If prices were not set by gas, they would be cheaper and we'd end up paying less.

As renewable generation increases, this is thankfully looking more likely.
https://www.carbonbrief.org/factchec...rices-so-high/

Pierre

20-05-2025 22:21

Re: UK Energy Prices

Quote:

Originally Posted by 1andrew1 (Post 36196846)

If prices were not set by gas, they would be cheaper and we'd end up paying less.

But they’re not, so we’re not.

Quote:

As renewable generation increases, this is thankfully looking more likely.
https://www.carbonbrief.org/factchec...rices-so-high/

Until it happens, it’s irrelevant.

We’re being charged exorbitant amounts of money and renewables are not lowering the price.

1andrew1

20-05-2025 22:37

Re: UK Energy Prices

Quote:

Originally Posted by Pierre (Post 36196903)

We’re being charged exorbitant amounts of money and renewables are not lowering the price.

Renewables are significantly decreasing the costs of energy generation substantially. Whether the savings are passed onto us or not is up to the politicians.

Good to see a Reform UK mayor getting on board cheaper energy from renewables.

Quote:

A Reform UK mayor has signed up to a new body that backs green energy investment, despite his party nationally vowing to wage war on net zero and local renewables projects.

Hull and East Yorkshire’s Luke Campbell, who won the area’s newly formed mayoralty in early May, was among eight northern mayors to launch a cross-party partnership on Monday called The Great North.

https://www.ft.com/content/973da1ee-...b-b4b04a1a7d7a

Pierre

21-05-2025 12:21

Re: UK Energy Prices

Quote:

Originally Posted by 1andrew1 (Post 36196905)

Renewables are significantly decreasing the costs of energy generation substantially. Whether the savings are passed onto us or not is up to the politicians.

If the reduced costs are not being passed onto the customer, then what's the point. The consumer doesn't benefit

1andrew1

22-05-2025 10:05

Re: UK Energy Prices

Quote:

Originally Posted by Pierre (Post 36196917)

If the reduced costs are not being passed onto the customer, then what's the point. The consumer doesn't benefit

In time, they will and if you want to speed the process up, petition/advocate/vote for a Party that will get the reduced costs passed on now.

What's the alternative? As Chris explained, any oil fracked in the UK is sold at global market rates so there's no silver bullet.

downquark1

22-05-2025 10:08

Re: UK Energy Prices

They really need to specify an end state for renewables, the grid swings around wildly depending on the weather already. This leads to instability and could cause blackouts like in Spain. They need to lay out when we have "enough" renewables.

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