Energy price cap

[pvr]

Anybody found yet what the electricity is per kWh? All I can find is this “average person pays x”. I just want to know the kWh price, it was 21p until now. What is the new one (I guess around 30p if it is a 50% increase)

Don’t understand why that is not the posted value instead of this “average household bill” thing

 

[Vornwend]

Apparently they are releasing that detail tomorrow. Like you, dont understand why they can't release it now as they must know what it is?

 

[axelleveau]

Looks like the answer is here, just search for "kWh" : https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april

28p per kWh for electricity and 7p per kWh for gas.... I used to pay half of that 6 months ago

 

[pvr]

I read that but didn’t see it there, at least I know what the rate is now - thanks

So fixed offer of 29p for 4 years, hmm not so sure I want to fix at the top

 

[Vornwend]

Looks like the answer is here, just search for "kWh" : https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april

28p per kWh for electricity and 7p per kWh for gas.... I used to pay half of that 6 months ago

Thanks for the link. I did a quick calculation to adjust for the standing charge which these prices include - so including that I'm currently paying 20.47p for electricity and 3.48p for gas. As I'm on a fixed deal until September 2023 I reckon I'm going to cost my supplier over £1,000. Makes a change to be on the right side of a price hike!

 

[TitanTim]

Was moaning about this a few weeks back with switching to a new fixed rate tariff in December but now with the announcement today I think it was right thing to do sticking to a fixed rate. Not withstanding all the experts saying don't renew to a new fixed rate but to go back to a variable standard tariff. If I had done that in December I would be 300 quid a year worse off now.

Will variable tariffs go up again in October to around £2400 a year :?

Tim.

 

[pvr]

Looks like the answer is here, just search for "kWh" : https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april

28p per kWh for electricity and 7p per kWh for gas.... I used to pay half of that 6 months ago

Thanks for the link. I did a quick calculation to adjust for the standing charge which these prices include - so including that I'm currently paying 20.47p for electricity and 3.48p for gas. As I'm on a fixed deal until September 2023 I reckon I'm going to cost my supplier over £1,000. Makes a change to be on the right side of a price hike!

Are you too far away for an extension lead?

 

[Vornwend]

Looks like the answer is here, just search for "kWh" : https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april

28p per kWh for electricity and 7p per kWh for gas.... I used to pay half of that 6 months ago

Thanks for the link. I did a quick calculation to adjust for the standing charge which these prices include - so including that I'm currently paying 20.47p for electricity and 3.48p for gas. As I'm on a fixed deal until September 2023 I reckon I'm going to cost my supplier over £1,000. Makes a change to be on the right side of a price hike!

Are you too far away for an extension lead?

:lol: :rofl: I'm sure we could do a deal!

 

[Jakg]

The mechanics of the price cap varies by region (as in the split between standing charge and unit price).

 

[Ole gits rule]

I was paying 16p for elec and when my deal ran out I was offered 27p for 2 years, going from £88 per month ro £146.

Went variable and even now it won't be much different but the question is will the prices come down in the next months?

It may even make looking at solar a viable option at these rates, even a few panels and batteries with an inverter to run the lights / shower in the annexe

 

[MikeyH]

Do they ever go down? :thumbsdown:

 

[Pondrew]

It may even make looking at solar a viable option at these rates, even a few panels and batteries with an inverter to run the lights / shower in the annexe
2011 23i M Sport Highline in Alp

You won't run an electric shower from PVs mate.

 

[Ole gits rule]

True but it will run lights etc and any little helps

 

[Pondrew]

True but it will run lights etc and any little helps

£10,000 on PVs to run a few 5 watt bulbs?

I had a next door neighbour a few years back who went into the whole 'green energy' thing. He paid in total £45,000 to retrofit his house with a wind turbine (my daughter called it a winterbine), PVs on the roof, air source heat pump.
I calculated it would take around 40 years to break even. He was 62 at the time and died of a heart attack 3 years later. Then his widow had to sell the house cheap because people were frightened of the technology and servicing costs. Money well spent? Nah :wink:

 

[Ole gits rule]

£10k, nah I think I can get that sorted cheaper

I loked at heat pump as I replaced my boiler last year - £3k V 312k and save £350 a year so a no brainer to go for gas boiler

 

[ronk]

I got a two yr deal to Sept 2023
20.91 +26.46 Daily standing charge Electricity
4.43 + 26.12 Daily standing charge Gas

 

[Thrustyjust]

£10k, nah I think I can get that sorted cheaper

I loked at heat pump as I replaced my boiler last year - £3k V 312k and save £350 a year so a no brainer to go for gas boiler

Dont spend 3k on a heat pump. it will be chinese tat with no support or parts. Lots of 'so called' quality heating manufacturers are employing this scheme by badging it theres and rolling the profit. They don't give 2 hoots about it breaking when 2 years old . Also to get any form of heat in the home in the winter , you need to make sure the capability is in the unit, which will be bigger and air source doesn't like temps below zero.
I work in a/c and happy with my boiler for heating and hot water. Its less complex and more reliable over time.

 

[Pondrew]

Dont spend 3k on a heat pump. it will be chinese tat with no support or parts. Lots of 'so called' quality heating manufacturers are employing this scheme by badging it theres and rolling the profit. They don't give 2 hoots about it breaking when 2 years old . Also to get any form of heat in the home in the winter , you need to make sure the capability is in the unit, which will be bigger and air source doesn't like temps below zero.
I work in a/c and happy with my boiler for heating and hot water. Its less complex and more reliable over time.

Is your name Andrew Somerville by any chance??

 

[Ole gits rule]

£10k, nah I think I can get that sorted cheaper

I loked at heat pump as I replaced my boiler last year - £3k V 312k and save £350 a year so a no brainer to go for gas boiler

Dont spend 3k on a heat pump. it will be chinese tat with no support or parts. Lots of 'so called' quality heating manufacturers are employing this scheme by badging it theres and rolling the profit. They don't give 2 hoots about it breaking when 2 years old . Also to get any form of heat in the home in the winter , you need to make sure the capability is in the unit, which will be bigger and air source doesn't like temps below zero.
I work in a/c and happy with my boiler for heating and hot water. Its less complex and more reliable over time.

£3k is a gas boiler - £12k for a heat pump and I know all about heat pumps as I work with some of the biggest manufacturers of the things such as Nibe / Viessmann

I cant use a heat pump as my house is close to 400 years old so poorly insulated which is the primary reason for sticking with a gas boiler

 

[TitanTim]

I'm having a new heat only boiler fitted this Tues so will be interested to see how much more efficient it is if at all compared to my current one at 21 years.

Tim.