11-04-2023, 15:06
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#2176
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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Re: The energy crisis
brillo
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12-04-2023, 03:17
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#2177
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Wisdom & truth
Join Date: Jul 2009
Location: RG41
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Re: The energy crisis
Quote:
Originally Posted by Jaymoss
brillo
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Ah - Stanley Baxter.
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Seph.
My advice is at your risk.
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12-04-2023, 12:35
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#2178
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cf.mega poster
Join Date: Feb 2012
Posts: 4,725
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Re: The energy crisis
Quote:
Originally Posted by Ms NTL
Free leccy all night yesterday....in fact negative pricing, Octopus paid you 5.73p/Kwh to use as much as you would like . Madness!
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But how much was your capital outlay to allow you to use "free" electricity?
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12-04-2023, 14:14
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#2179
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cf.geek
Join Date: Sep 2022
Posts: 678
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Re: The energy crisis
Quote:
Originally Posted by ianch99
But how much was your capital outlay to allow you to use "free" electricity?
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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?
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12-04-2023, 14:29
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#2180
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cf.mega poster
Join Date: Feb 2012
Posts: 4,725
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Re: The energy crisis
Quote:
Originally Posted by Ms NTL
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?
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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!
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12-04-2023, 15:07
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#2181
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cf.geek
Join Date: Sep 2022
Posts: 678
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Re: The energy crisis
Quote:
Originally Posted by ianch99
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!
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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.
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12-04-2023, 22:23
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#2182
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cf.mega poster
Join Date: Sep 2003
Posts: 12,047
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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 ----------
Quote:
Originally Posted by ianch99
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!
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It goes negative when supply is too high.
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17-04-2023, 20:09
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#2183
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cf.mega poster
Join Date: Jun 2003
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Re: The energy crisis
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17-04-2023, 20:18
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#2184
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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Re: The energy crisis
Quote:
Originally Posted by Taf
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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
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17-04-2023, 20:39
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#2185
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 68
Services: Premiere Collection
Posts: 43,794
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Re: The energy crisis
Quote:
Originally Posted by Jaymoss
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
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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
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17-04-2023, 20:43
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#2186
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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Re: The energy crisis
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17-04-2023, 23:12
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#2187
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 68
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Posts: 43,794
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Re: The energy crisis
From your last link…
Quote:
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The Government has already set a target to install 600,000 per year by 2028
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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.
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Last edited by Hugh; 17-04-2023 at 23:15.
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18-04-2023, 01:24
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#2188
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cf.mega poster
Join Date: Sep 2003
Posts: 12,047
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Re: The energy crisis
Quote:
Originally Posted by Hugh
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.
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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.
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02-05-2023, 13:05
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#2189
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cf.mega poster
Join Date: Feb 2012
Posts: 4,725
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Re: The energy crisis
This is alarming but not unexpected:
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02-05-2023, 13:11
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#2190
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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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
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Last edited by Jaymoss; 02-05-2023 at 13:20.
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