UK Energy Prices

[jfman]

Originally Posted by Paul

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

It's good to know that the value of the union is to drag Scotland down to the lowest common denominator. Forget capitalism.

Originally Posted by jfman

It's good to know that the value of the union is to drag Scotland down to the lowest common denominator. Forget capitalism.

I have no idea what you're attempting to say here, please translate to English.

[Taf]

Originally Posted by downquark1

Octopus energy are campaigning to change regulation to allow regional pricing.

This already happens. It's a "Postcode Lottery" that determines how much we pay depending on location.

Similarly, but the inverse, petrol and diesel prices closest to refineries are often higher than many miles away.

[1andrew1]

Originally Posted by Taf

This already happens. It's a "Postcode Lottery" that determines how much we pay depending on location.

Similarly, but the inverse, petrol and diesel prices closest to refineries are often higher than many miles away.

I can't imagine that Octopus are campaigning for something identical, it's probably for a different costing transmission formula.

They've gone from start-up in 2015 to market leader in 2024 so must know what they're talking about.

[downquark1]

Originally Posted by Taf

This already happens. It's a "Postcode Lottery" that determines how much we pay depending on location.

Similarly, but the inverse, petrol and diesel prices closest to refineries are often higher than many miles away.

https://www.youtube.com/watch?v=2Gp68uXVGfo

[Taf]

Originally Posted by downquark1

https://www.youtube.com/watch?v=2Gp68uXVGfo

He is forgetting one vital thing. The National Grid. Power produced in one area is available all over the place at exactly the same time. No matter how it is produced.

Originally Posted by Taf

He is forgetting one vital thing. The National Grid. Power produced in one area is available all over the place at exactly the same time. No matter how it is produced.

That’s not exactly true. Transmission lines have a finite capacity and it is quite possible for there to be more wind power generated in Scotland than can be transmitted southwards.

Originally Posted by Chris

That’s not exactly true. Transmission lines have a finite capacity and it is quite possible for there to be more wind power generated in Scotland than can be transmitted southwards.

Its not only possible, its a know fact/issue (the B6 Boundary).
It sometimes means Scottish wind farms are paid not to produce electricity because they would overload the Scottish network, and there isnt enough link capacity to send it south into England and Wales atm. The go ahead was given in the summer to build 4 new link cables (EGL1 to 4).

[Pierre]

Originally Posted by Paul

Its not only possible, its a know fact/issue (the B6 Boundary).
It sometimes means Scottish wind farms are paid not to produce electricity because they would overload the Scottish network, and there isnt enough link capacity to send it south into England and Wales atm. The go ahead was given in the summer to build 4 new link cables (EGL1 to 4).

Yep, they’re building several new subsea cables down the East coast to accommodate this.

Indeed, EGL = Eastern Green Link

https://www.easterngreenlink1.co.uk/
https://www.easterngreenlink2.co.uk/
https://www.ssen-transmission.co.uk/...-green-link-3/
https://www.spenergynetworks.co.uk/p...en_link_4.aspx

[tweetiepooh]

According to the Meerkats my saving for switching from BG standard variable would be around 50p a year. I know prices will increase in Jan (£50 per year) but everyone else's will too unless I fix now but is now the best time to fix.
We heat and cook with gas, my pacemaker would prevent an induction hob and at least the gas hob will work (with a lighter) in a power cut.

[Mr K]

Originally Posted by tweetiepooh

According to the Meerkats my saving for switching from BG standard variable would be around 50p a year. I know prices will increase in Jan (£50 per year) but everyone else's will too unless I fix now but is now the best time to fix.
We heat and cook with gas, my pacemaker would prevent an induction hob and at least the gas hob will work (with a lighter) in a power cut.

The cap changes every 3 months, crazy system. Prices may be slighty up in Jan, but they may go down in the next 3 quarters. Fixing for a year is a gamble. Companies wouldn't offer fixes if they didn't think on average you'd pay more to them as a result. They're not offering these deals for your benefit.

[Taf]

I've just received my latest bill from Scottish Power.

Their mix of supply is as follows:

Gas 68%
Coal 15%
Nuclear 11%
Renewable 0%
Other 6%

So much for the "Green Revolution" that is costing us more on our bills.

[1andrew1]

Originally Posted by Taf

I've just received my latest bill from Scottish Power.

Their mix of supply is as follows:

Gas 68%
Coal 15%
Nuclear 11%
Renewable 0%
Other 6%

So much for the "Green Revolution" that is costing us more on our bills.

Onshore wind power is the cheapest form of power so if we can get more domestic sources of this and the ability to store it, then bills should start to come down. It must be quite a short period of time for there to be no renewables in the mix.

The big hike in energy prices was due to the invasion of Ukraine and your post neatly shows the dependence of the UK on foreign gas which we need to ween ourselves off of.

[Taf]

I noticed something on this last bill that disturbs me a little.

All previous bills gave the unit costs and Standing Charges INCLUSIVE of VAT.

This last one adds the VAT at the end of the bill.