mogish
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Post by mogish on Feb 28, 2022 8:53:02 GMT
Morning all
Just recieved a message from bulb advising increase from April. I get that gas apparently increases electric costs , what I dont understand is my electric is increasing 7p kw/h , however my standing charge will double to 49p per day!
Is this due to the price cap, grateful if someone can explain please.
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keitha
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Post by keitha on Feb 28, 2022 13:49:38 GMT
The Cap is a mix of Standing charge and the price per kWh
Lets say the Cap is set to £1450 for 2900Kwh of Electricity
365 Days in a year SC @ 25P then 91.25 so Max Price per kWh 46.85p
SC @ 50P the 182.5 So max price per kWh 43.7p
and of course the higher standing charge costs those people who less electricity proportionately more
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mogish
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Post by mogish on Feb 28, 2022 17:46:50 GMT
So I use less energy and get penalised? Presume the standing charge is same for everyone? Secondly, is the standing charge the result of government green policy? Ie I'm paying for all the houses getting insulated?
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keitha
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Post by keitha on Feb 28, 2022 17:55:47 GMT
So I use less energy and get penalised? Presume the standing charge is same for everyone? Secondly, is the standing charge the result of government green policy? Ie I'm paying for all the houses getting insulated? yes, I agree the less you use the more you effectively pay. Water in my case is far worse. If I halve my Water usage I would reduce my bill by 16% if I double it it increases my Bill by only 30%
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mogish
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Post by mogish on Feb 28, 2022 18:30:44 GMT
Swap some water for electric!
It does seem totally unfair. So much for trying to reduce carbon footprint.
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Post by crabbyoldgit on Mar 2, 2022 20:38:04 GMT
knew it was coming and it was going to be bad , but wow. Move to standard variable rate 77% increase on present usage or move to two year fixed 117% increase with a £100 early leaver fee. Trouble is in my position it's much much worse. Round figures below.
Present total energy bill £1200 minus £1000 earnings from solar panels. £200 total New total energy bill £2200 minus £1000 earnings from solar panels. £1200 total 600% increase. Given odd way of looking at it but true. Major review and survey of electricity use in my case in order, sitting in dark watching tv, every bit helps
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Post by overthehill on Mar 2, 2022 20:48:39 GMT
knew it was coming and it was going to be bad , but wow. Move to standard variable rate 77% increase on present usage or move to two year fixed 117% increase with a £100 early leaver fee. Trouble is in my position it's much much worse. Round figures below. Present total energy bill £1200 minus £1000 earnings from solar panels. £200 total New total energy bill £2200 minus £1000 earnings from solar panels. £1200 total 600% increase. Given odd way of looking at it but true. Major review and survey of electricity use in my case in order, sitting in dark watching tv, every bit helps
My DD is going up 50% and I reckon my current DD amount is fairly close. Calculate what you're actually using over a month and reduce the DD, bulb seem pretty good to me. Another 40% in october apparently but summer is coming. I'm waiting for someone to break out of the pack and offer a sensible fixed deal. Not a big fan of fixed deals at higher tariffs, never done it and never lost out yet but this is a perfect storm at the moment. I'm waiting for the PR blitz about how smart meters will reduce people's bills, I think the recent eon fixed tariff was with mandatory smart meters, been saying this a lot recently, <eon|russian warship|blank> go f**k yourself ?
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keitha
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Post by keitha on Mar 2, 2022 22:49:10 GMT
knew it was coming and it was going to be bad , but wow. Move to standard variable rate 77% increase on present usage or move to two year fixed 117% increase with a £100 early leaver fee. Trouble is in my position it's much much worse. Round figures below. Present total energy bill £1200 minus £1000 earnings from solar panels. £200 total New total energy bill £2200 minus £1000 earnings from solar panels. £1200 total 600% increase. Given odd way of looking at it but true. Major review and survey of electricity use in my case in order, sitting in dark watching tv, every bit helps I've got Battery storage as well as solar. So I have a slightly different answer Electric Bill £160 Earnings £350, Gas £300 total bill £210 This year Electric £400 Earnings 350, Gas £750 total bill £800 surprisingly close to your 600% for me the increase in Standing charge from 25p to 45 has a huge impact
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mogish
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Post by mogish on Mar 3, 2022 18:14:51 GMT
As I posted earlier, my standing charge with bulb is going up to 49p, 45p would obviously be preferable. I might actually be cheaper moving into my motorhome in the drive. Never mind I will get £150 back from the council soon, oh forgot, no I wont cause I work hard and bought a band E house.
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corto
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Post by corto on Mar 7, 2022 11:39:33 GMT
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Post by Penny Pincher on Mar 9, 2022 14:39:20 GMT
... Electric Bill £160 Earnings £350, Gas £300 total bill £210 This year Electric £400 Earnings 350, Gas £750 total bill £800 ... ... Present total energy bill £1200 minus £1000 earnings from solar panels. £200 total New total energy bill £2200 minus £1000 earnings from solar panels. £1200 total ... This suggests that you are not expecting to benefit from higher earnings due to an increased unit price. Is that the case? Are your 'earnings' from solar really fixed? If earnings from solar panels don't increase and the increased cost of supply is disproportionately added to the standing charge, doesn't this massively affect the financial argument for fitting solar panels? I ask, because a friend is currently considering a £20,000 solar+battery installation on their four-bed detached home.
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Post by overthehill on Mar 9, 2022 14:58:45 GMT
My bulb DD went up 60% (not 50% as previously stated) and they only have one tariff. I'm perplexed at how some people's bills are going up 100%.
From someone who knows nothing about solar panels , don't be rushed into solar panels. Where to start ? There is another thread but not followed it. How does solar panels help with your gas bill costs ?
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keitha
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Post by keitha on Mar 9, 2022 19:28:37 GMT
... Present total energy bill £1200 minus £1000 earnings from solar panels. £200 total New total energy bill £2200 minus £1000 earnings from solar panels. £1200 total ... This suggests that you are not expecting to benefit from higher earnings due to an increased unit price. Is that the case? Are your 'earnings' from solar really fixed? If earnings from solar panels don't increase and the increased cost of supply is disproportionately added to the standing charge, doesn't this massively affect the financial argument for fitting solar panels? I ask, because a friend is currently considering a £20,000 solar+battery installation on their four-bed detached home. The Companies don't have to pay you at all for export, some are paying as little as 1.5p per unit I believe Octopus pay 7.5p fixed or you can have a tariff called Agile which pays market rates. EON told me when I had panels installed they didn't pay. At the moment agile is paying about 30p kWh for output, but agile import is at 35p, Over the last week I've averaged 50p, 34p, 48P, 37P, 41P, 34p, and 24p per kWh exported the "average" average is 38.5P a unit. the economics of Solar are becoming better. For example my system when installed should have paid for itself over 14 years, when Electricity jumped to 16p last year that dropped to under 13 years, at this years 30P that will drop to 6 years
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keitha
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Post by keitha on Mar 9, 2022 19:36:56 GMT
My bulb DD went up 60% (not 50% as previously stated) and they only have one tariff. I'm perplexed at how some people's bills are going up 100%.
From someone who knows nothing about solar panels , don't be rushed into solar panels. Where to start ? There is another thread but not followed it. How does solar panels help with your gas bill costs ?
That's easy some people are coming off 18 or 24 month fixes My Fixed gas that ended in October was 2.8p kWh my new fix was 4P , My partner was on a 3P fix her new quote is 7.5p so that's a 150% increase
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Post by Penny Pincher on Mar 10, 2022 10:12:43 GMT
This suggests that you are not expecting to benefit from higher earnings due to an increased unit price. Is that the case? Are your 'earnings' from solar really fixed? If earnings from solar panels don't increase and the increased cost of supply is disproportionately added to the standing charge, doesn't this massively affect the financial argument for fitting solar panels? I ask, because a friend is currently considering a £20,000 solar+battery installation on their four-bed detached home. The Companies don't have to pay you at all for export, some are paying as little as 1.5p per unit I believe Octopus pay 7.5p fixed or you can have a tariff called Agile which pays market rates. EON told me when I had panels installed they didn't pay. At the moment agile is paying about 30p kWh for output, but agile import is at 35p, Over the last week I've averaged 50p, 34p, 48P, 37P, 41P, 34p, and 24p per kWh exported the "average" average is 38.5P a unit. the economics of Solar are becoming better. For example my system when installed should have paid for itself over 14 years, when Electricity jumped to 16p last year that dropped to under 13 years, at this years 30P that will drop to 6 years Interesting, thanks. I'm getting the impression that the economics of solar are compelling for those who consume a lot of electricity but not quite so compelling for those who don't. That may seem obvious but it wasn't to me. I had presumed that export made a more significant contribution.
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