UK Energy Prices

[Jaymoss]

Truss says her plan means a typical household will pay no more than £2,500 a year for energy for the next two years from October.

A typical household will save on average £1,000 a year from her two-year energy price guarantee, she claims.
An average energy bill for a typical household will be no more than £2,500 a year for the next two years from 1 October under the plan. This figure takes account of the removal of green levies (worth around £150 per household) and it will supersed the existing energy price cap.

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From The Guardian live so any link I post will change

[jfman]

Originally Posted by OLD BOY

This is true - the law of supply and demand. If we are not careful, the increasing scarcity of energy caused by prices to consumers being artificially low and usage kept at its present level could push the price even higher.

It’s almost as if the market cannot be trusted!

So they went with Paul's Energy Plan.

The Government won't give projections of the cost but it won't be a windfall tax (as we already knew) that pays for it.

[Jaymoss]

Originally Posted by Damien

So they went with Paul's Energy Plan.

The Government won't give projections of the cost but it won't be a windfall tax (as we already knew) that pays for it.

way I look at it is we pay the new cap and when prices drop we continue to pay the new cap to pay back the debt. Guess it is slightly better that some of us being totally crippled by it shorter term

[jfman]

If the actions taken today are expected to curb inflation by 5% wouldn’t it have been better to confirm this before the local government pay settlements?

[Taf]

You will still pay for the gas and electricity you use. But the government's Energy Price Guarantee will limit the price that suppliers can charge for each unit of energy.

For a typical household - one that uses 12,000 kWh (kilowatt hours) of gas a year, and 2,900 kWh of electricity a year - it means an annual bill will not rise above £2,500 from October. Without this intervention, that annual bill would have been £3,549 a year. Last winter it was £1,277 a year.

However, if you use more gas or electricity than that, you will pay more.

This guarantee will last for two years.

https://www.bbc.co.uk/news/business-62833623

We typically use around 6,000 kwh of gas and 4,000 kwh of electricity annually.

[Jaymoss]

Originally Posted by Taf

https://www.bbc.co.uk/news/business-62833623

We typically use around 6,000 kwh of gas and 4,000 kwh of electricity annually.

we still need unit rates but to guess what it will cost is pretty easy as too all intents and purposes it is a 25% rise when you do not factor in the £400.

I pay £110 DD but use £90 so a close estimate will put my consumption up to around £112. I have £300 credit and should get the WMD so I should not need to change my DD and I may well be able to spend the £400 as it comes back to me from the DD refunds

Obviously this will not be accurate as it does not factor in standing charges which I hope remain the same

I am a very low gas user but high electric I think high gas users will get hit the hardest

a typical household - one that uses 12,000 kWh (kilowatt hours) of gas a year, and 2,900 kWh of electricity a year

We use way more than this

Originally Posted by Taf

https://www.bbc.co.uk/news/business-62833623

We typically use around 6,000 kwh of gas and 4,000 kwh of electricity annually.

We use around 12.5kwh Gas, 4.5kwh Electricity for our 4 bed detached house (gas cooker and central heating which we had on through the day last winter for part of the week because our three year old grandson with us for 3-4 days a week - that won’t happen this winter, as he started school on Monday: back to two times a day, two hours in the morning and three hours late afternoon/early evening).

Our predicted monthly usage is £254.44 per month (averaged over 12 months), so around 3k for a year (previously paying around £1450 a year).

This peak should be a bit flatter this year…

I'm hoping our gas will be less this year, we have a new boiler for the heating and water.
It seems (so far) to be using less for the water. Not needed to use the heating yet (a bit of global warming this winter would be nice ...)

https://www.yorkshirepost.co.uk/news...ource=hs_email

[Itshim]

Originally Posted by Paul

I'm hoping our gas will be less this year, we have a new boiler for the heating and water.
It seems (so far) to be using less for the water. Not needed to use the heating yet (a bit of global warming this winter would be nice ...)

Ok perhaps I am just stupid not thinking of this. The guy just serviced my boiler asked if I ever added cold water when I run hot. If so my boiler is set too high , don't know it had a control on it !

[Jaymoss]

Originally Posted by Itshim

Ok perhaps I am just stupid not thinking of this. The guy just serviced my boiler asked if I ever added cold water when I run hot. If so my boiler is set too high , don't know it had a control on it !

I turn mine right down to 45 degrees I also knock the water to rad temp down too but I hardly ever use them
every time the council contracted service jobbies come round they ramp it back up thouhg. The last one was last week and he did not even top up the pressure

[Taf]

Originally Posted by Itshim

Ok perhaps I am just stupid not thinking of this. The guy just serviced my boiler asked if I ever added cold water when I run hot. If so my boiler is set too high , don't know it had a control on it !

Most modern boilers are preset to 60c - 65c, and you have no way to override it.

Legionella bacteria is commonly found in water and it multiplies at temperatures between 20 to 45 degrees Celsius.

The temperature for the rads is best at 75c according to most manufacturers, as you get most efficient use of the gas. Any lower, and the pump will run more often and longer and use more electricity.

Originally Posted by Taf

Most modern boilers are preset to 60c - 65c, and you have no way to override it.

Mine has a thermostat which I set to 55.
The do say you should try and keep it at 60C+ to prevent Legionaires.

Originally Posted by Taf

The temperature for the rads is best at 75c according to most manufacturers, as you get most efficient use of the gas. Any lower, and the pump will run more often and longer and use more electricity.

Mine came set at 78C, I turned it down to 75C, but as yet, Ive not actually seen it in action.