UK Energy Prices

Originally Posted by Sirius

I have saved far more than a few pence since i moved to agile.

Crikey, you are a heavy user.

I have a similar graph, but my numbers are a little bit smaller.
I got my meter on Aug 8th, I spent a week on tracker, then moved to agile.



Green is the savings per day - in total, I have saved £37.11 (as of yesterday).

You'll note three days where I actually paid more - the total extra I paid was 21p. Thats covered by the 32p back from the "free" electric hours.

[SnoopZ]

Originally Posted by Sirius

I have saved far more than a few pence since i moved to agile. I am i admit a heavy user of electricity I have an EV that is used everyday back and to from work and other heavy usage items. The attachment here is a comparison of my usage and what it costs between the standard fixed rate for Octopus and the Octopus Agile rate for the last month. I use the big boys toys to my advantage if it saves me a lot of money.

I hardly use any gas at all, the only use is the boiler which does the hot water. I might look at a heat pump at some point and get rid of the gas completely.

I agree the standing charge has become a rip off and i cannot see it changing anytime soon.

My god you do use alot!!! What are you running a server farm and miner or something. My Electricity cost for Tracker for last month says £45.43 and Agile £46.52 and Flexible £50.89 so it makes sense to stay on Tracker for me.

[Sirius]

Originally Posted by SnoopZ

My god you do use alot!!! What are you running a server farm and miner or something. My Electricity cost for Tracker for last month says £45.43 and Agile £46.52 and Flexible £50.89 so it makes sense to stay on Tracker for me.

Your guess is close

You have to also factor in i don't pay for fuel for my car in the normal way IE petrol or diesel, On average i was paying £250 a month just on that. I claim back a lot of the charging for my EV via mileage claim as the car is part of a car allowance. I also have to attend meetings at different offices around the country. if i was not charging my EV every day it would be a lot less but still higher than average

[damien c]

Originally Posted by SnoopZ

My god you do use alot!!! What are you running a server farm and miner or something. My Electricity cost for Tracker for last month says £45.43 and Agile £46.52 and Flexible £50.89 so it makes sense to stay on Tracker for me.

So I have in the house, I am in the same house as Sirius.

My gaming PC, top part of my signature, then I have a 2nd PC which does Discord, OBS, YouTube and is what I use for converting videos for YouTube.

Then there is the 2 Servers, only the Supermicro is in use all the time, the Dell currently is not in use.

I still have a 15 bay HDD Enclosure that can go in the rack but before I add anything else I really need to get a UPS or 2.

My intention is to move both my pc's in to Silverstone 5U Rack Mount cases, and have everything in a single rack, but I need a bigger rack for that.

Here is what the rack currently looks like, it's a mess but once I can get it all sorted it will look a lot better.



The Supermicro server once I have the money, I am swapping out the 2x Intel Xeon 2670 V2's for a single AMD Epyc cpu with anything from 128Gb Ram to 256Gb Ram but I then need to find a decent heatsink for the CPU.

Swapping from the Intel CPU's to the AMD CPU will drop the power usage down from about 500w to about 300w, will give me more cores and more Ram, with more PCI-E lanes as well.

[SnoopZ]

So it's mostly your fault then. Lol

[Sirius]

Originally Posted by SnoopZ

So it's mostly your fault then. Lol

Indeed

He does chip in to the power bill

[Hom3r]

I hope that my price drop has been due to the Air Fryer use, I ain't turned my oven on since 3rd August.


Once my sister take my dads food from the freezer ill turn it off.


Then it should drop a bit more

[Taf]

Ofgem have announced their next energy price cap, and we want to let you know what this means for you. From 1st January 2025, the price you pay per unit of energy will increase due to higher costs for buying and transporting energy. We understand this might be concerning, but we're here to help you through these changes.


We've worked out you're likely to pay £22 more per year. That's made up of £7 more per year for gas and £15 more per year for electricity - if you use the same amount of energy as you did over the last year.

[Pierre]

What you mean gas is still cheaper than all that fantastic renewable electricity!!!

[jfman]

Originally Posted by Pierre

What you mean gas is still cheaper than all that fantastic renewable electricity!!!

Poor regulation of the energy sector means the average user doesn’t benefit from the actual costs of generation of any given method.

There’s supernormal profits to be gouged in the name of the free market.

Originally Posted by Pierre

What you mean gas is still cheaper than all that fantastic renewable electricity!!!

You may find this informative…

https://www.goodenergy.co.uk/blog/wh...ricity-prices/

Gas sets the price of electricity, because the electricity price in every half hour period is set by the marginal cost of the last generating unit to be turned off to meet demand – which is invariably a gas power plant with high marginal costs.

To provide an analogy, think of a penalty shootout in a sporting competition. A team will select a list of individuals in order of preference, with the best individuals selected first (i.e., renewables). But it’s the individual who steps up last who has the final say, deciding the fate of the result.

Generation types are like players in a penalty shootout. Renewables get selected first. But when the pressure is on, gas steps up to the spot. And its score determines the result.

The problem we have at the moment is that whilst renewable capacity has grown significantly, natural gas is still responsible for 38% of our electricity generation in the UK.

When we have periods of low winds for example, the system will often turn to gas generators to fill that demand. But that comes at a high price, and even more so recently with the record prices on the wholesale gas market.

[downquark1]

Yes, but they never seem to turn the gas off. You can see it at https://www.energydashboard.co.uk/live

During storms it looks like the wind and others can cover everything but they don't turn gas off! Maybe it's because they can't transport the power around the country properly.

Octopus energy are campaigning to change regulation to allow regional pricing. This would mean places with lots of wind energy like Scotland would be able to use it to the fullest and get very cheap power.

[Pierre]

Originally Posted by Hugh

You may find this informative…

https://www.goodenergy.co.uk/blog/wh...ricity-prices/

Informative……but not helpful.

[jfman]

Originally Posted by Pierre

Informative……but not helpful.

In what sense is it unhelpful? It clearly demonstrates the price paid by the consumer is not linked to the cost of generation.

This seems old news, the price cap was announced 3 weeks ago.

As to electricity cost, everytime I read that I dont understand this ;

the marginal cost of the last generating unit to be turned off to meet demand

Surely you turn something on to meet demand, not off.

---------- Post added at 23:40 ---------- Previous post was at 23:38 ----------

Originally Posted by downquark1

Octopus energy are campaigning to change regulation to allow regional pricing. This would mean places with lots of wind energy like Scotland would be able to use it to the fullest and get very cheap power.

Great for Scotland eh, not so much the rest of us.