Steerpike
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Post by Steerpike on Feb 3, 2022 12:14:54 GMT
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adrianc
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Post by adrianc on Feb 3, 2022 12:26:08 GMT
Very simple... Because "renewable tariff" is a greenwashing con. Currently, ~45% of electricity is from renewable sources. There is nowhere NEAR that much "renewable tariff" demand. The tariff just determines who sends the bill and how big it is. Supply and demand affects the entire grid equally. Something we agree on Supplier Coal Gas Nuclear Renewable Other British Gas 0 0 25 75 0 e.on 1.1 14 1.8 81.9 1.2 EDF Energy 1.3 7.5 62.1 29 0.1 SSE 0 49.6 0 50.4 0 ScottishPower 4 46 6 40 4 npower 4.8 54.4 6.2 30.7 3.9 Octopus Energy 0 0 0 100 0 OVO Energy 0 49.6 0 50.4 0 Average of top 7 1.40 27.64 12.64 57.18 1.15 ( Calculated from above ) UK Average 2.7 38.2 16.1 40.3 2.7 above are percentages of where each of big companies get there electricity from. Only British Gas and Octopus significantly over 50% renewable, yet I guarantee a lot possibly a majority of customers of all the big 6/7 are on green tariffs Except that they're no such thing, because each customer supplier sells power from the grid. That might be the proportions each generator feeds into the grid... But it's simply impossible to say that my tariff is renewable from OVO so I'm getting OVO-generated renewable electricity. All a green tariff means is that that customer supplier promises faithfully to generate (or buy generation) for at least that amount of renewable. Well, that was being generated anyway... Then, of course, we get into biomass counting towards renewable but not carbon-neutral, nuclear counting towards carbon-neutral but not renewable... I also VERY much doubt they're a majority of the market. www.statista.com/statistics/283187/green-energy-sales-revenue-in-the-united-kingdom-uk/2019 - £4.8bn, up from £975m in 2018. www.statista.com/statistics/496661/average-annual-electricity-bill-uk/Total household electricity spend in 2019, £17.7bn. So green tariffs were just over a quarter of the market. And that's just domestic tariffs...
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Feb 3, 2022 12:53:52 GMT
But I'm on a renewable tariff so my electrons are all renewable the nasty gas and coal ones don't come to my house
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Steerpike
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Post by Steerpike on Feb 3, 2022 13:05:01 GMT
But I'm on a renewable tariff so my electrons are all renewable the nasty gas and coal ones don't come to my house My Smart Meter is programmed to reject non-green grid electricity.
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agent69
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Post by agent69 on Feb 3, 2022 17:36:56 GMT
Young man living by himself uses innovative way to reduce his energy costs.
Michael pays for his electricity through a pre-payment meter. He's already taken certain steps to reduce his energy bills, like washing his clothes at his mum and dad's house nearby.
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mikeb
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Post by mikeb on Feb 6, 2022 16:35:27 GMT
Young man living by himself uses innovative way to reduce his energy costs.
Michael pays for his electricity through a pre-payment meter. He's already taken certain steps to reduce his energy bills, like washing his clothes at his mum and dad's house nearby.
I'm waiting for the inevitable resurgence of the "Heat Your Whole House with THIS simple trick!" that was all over the Internet a good few years back (Spoiler: One 5p tea-candle and two flower-pots can heat your house for a DAY!) OK, I may have exaggerated, but every time that tip was recycled, the heat output grew to physics defying proportions.
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Post by Deleted on Feb 6, 2022 16:42:41 GMT
I guess everyone understands that for the vast majority of us, the electricity we consume is AC, so the actual electrons just vibrate in place and never leave our houses, back and forth, must be boring.
Even those of us with solar only stimulate an AC inverter into vibrating the electrons for us and the DC element electrons just goes around in a big loop in our loft.
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Post by bracknellboy on Feb 6, 2022 17:28:58 GMT
I guess everyone understands that for the vast majority of us, the electricity we consume is AC, so the actual electrons just vibrate in place and never leave our houses, back and forth, must be boring.
Even those of us with solar only stimulate an AC inverter into vibrating the electrons for us and the DC element electrons just goes around in a big loop in our loft.
but very very very very very slowly p2pindependentforum.com/post/440848
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archie
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Post by archie on May 7, 2022 6:50:18 GMT
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rocky1
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Post by rocky1 on May 7, 2022 7:45:09 GMT
reads a bit like most p2p platforms business models.
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zuluwarrior
Member of DD Central
chap from Newcastle, dabbling here and there. Long-time lurker of the forums
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Post by zuluwarrior on May 8, 2022 22:14:56 GMT
Personally I feel in the UK, its too easy to go bold starting a company and then if that fails, face very little repercussions. Luckily in the energy sector a bust supplier doesn't really harm consumers
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aj
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Post by aj on May 9, 2022 7:27:37 GMT
A few cost facts i've dug up out of interest:
-The current spot price for electricity is up at £192/MWh (https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators)
-Hinkley C, widely seen as expensive, has a strike price of £106/MWh (https://www.lowcarboncontracts.uk/cfds/hinkley-point-c)
-Browsing though currently operating renewables projects, also the subject of much complaining about how highly they were subsidised, I can't find any as expensive as the current spot price. (https://www.lowcarboncontracts.uk/cfd-register/ {this list includes future projects})
I'm not an expert but I believe the way the energy market currently works with CFDs is that the government are now being subsidised by cheap renewable power rather than the other way around?
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on May 9, 2022 9:34:55 GMT
I see Martin Lewis saying Direct Debits shouldn't be doubling or more.
Looking at my partners bill having come off a fixed tariff, the unit price is 2.5 times what it was before and the Standing Charge up from 19p to 40 odd so its not surprising her DD has trebled.
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corto
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one-syllabistic
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Post by corto on May 9, 2022 19:11:21 GMT
Personally I feel in the UK, its too easy to go bold starting a company and then if that fails, face very little repercussions. Luckily in the energy sector a bust supplier doesn't really harm consumers Luckily no harm? Not quite so. You have standing costs in your bill and costs for the energy used. Standing costs have gone up massively because of provider failures.
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