Energy price rises - what are you paying?

Energy price rises - what are you paying?

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toasty

7,499 posts

221 months

Thursday 26th August 2021
quotequote all
Saleen836 said:
Just received the email from Bulb to inform me they are yet again putting prices up....
They are saying based on my usage I will (from October 1) be spending an extra £1.40 a week on energy

We're increasing our electricity day unit rate from 20.228p to 22.580p per kWh and our night unit rate from 13.178p to 14.706p per kWh. Our electricity standing charge is increasing from 23.683p to 24.189p per day.

We're increasing our gas unit rate from 3.420p to 4.167p per kWh and standing charge from 25.683p to 26.112p per day.

These prices all include VAT at 5%.
22% rise in gas price! Ouch!

louiebaby

10,651 posts

192 months

Thursday 26th August 2021
quotequote all
I fixed with EDF in June last year, at:

17.05p per kWh and 24.59p per day for electric
2.821p per kWh and 27.35p per day for gas

Fixed until June 2022. Doubt I can improve on this currently...

Condi

17,276 posts

172 months

Thursday 26th August 2021
quotequote all
Saleen836 said:
Just received the email from Bulb to inform me they are yet again putting prices up....
They are saying based on my usage I will (from October 1) be spending an extra £1.40 a week on energy

We're increasing our electricity day unit rate from 20.228p to 22.580p per kWh and our night unit rate from 13.178p to 14.706p per kWh. Our electricity standing charge is increasing from 23.683p to 24.189p per day.

We're increasing our gas unit rate from 3.420p to 4.167p per kWh and standing charge from 25.683p to 26.112p per day.

These prices all include VAT at 5%.
Only an extra £1.40 a week? Doesnt sound much.

Or to put it another way 12% on electric and 22% on gas per kwh! eek

CoolHands

18,730 posts

196 months

Thursday 26th August 2021
quotequote all
toasty said:
Saleen836 said:
Just received the email from Bulb to inform me they are yet again putting prices up....
They are saying based on my usage I will (from October 1) be spending an extra £1.40 a week on energy

We're increasing our electricity day unit rate from 20.228p to 22.580p per kWh and our night unit rate from 13.178p to 14.706p per kWh. Our electricity standing charge is increasing from 23.683p to 24.189p per day.

We're increasing our gas unit rate from 3.420p to 4.167p per kWh and standing charge from 25.683p to 26.112p per day.

These prices all include VAT at 5%.
22% rise in gas price! Ouch!
indefensible

For info here is my avro figures from the bulb thread so the above looks very expensive

avro are cheaper at
Elec
15.356p unit
19.950p standing charge
Gas:
2.557p unit
19.950p standing

https://www.pistonheads.com/gassing/topic.asp?h=0&...
Here’s my current avro prices




Edited by CoolHands on Thursday 26th August 17:29

Condi

17,276 posts

172 months

Thursday 26th August 2021
quotequote all
As an aside, the industry are expecting quite a lot of companies to fail this year. Smaller suppliers are losing money hand over fist, and when the government start demanding renewable obligation payments then many won't have the money to pay it, especially as last year's were postponed due to covid.

Condi

17,276 posts

172 months

Thursday 26th August 2021
quotequote all
CoolHands said:
Here’s my current avro prices
Those are not available for new customers though, so are irrelevant. Anyone who is on a fixed deal will be paying less than the new deals are available for, because prices have been going up.

Murph7355

37,773 posts

257 months

Thursday 26th August 2021
quotequote all
Condi said:
CoolHands said:
Here’s my current avro prices
Those are not available for new customers though, so are irrelevant. Anyone who is on a fixed deal will be paying less than the new deals are available for, because prices have been going up.
Exactly. Though that said, their unit prices (18.9ppkWh and 17.85p standing) are still a bit cheaper than my latest renewal from Outfox the Market on the day unit front...sadly the Avro website is st, insisting we have gas and electric meters and barfing when I put '0' for gas usage (never had a gas supply here).

OtM are moving mine from 16.742/8.691 (day/night) and 22.688 standing to 20.031/14.227 and 24.1...

With us being at home more for the foreseeable I suspect a switch to Avro might be worth doing, even though my energy prices for the year are going to go up massively (well over 20%).

I wonder how much of this is down to "green" bks, and the amount we must get held over a barrel importing energy.

ChocolateFrog

25,574 posts

174 months

Thursday 26th August 2021
quotequote all
In my experience it's best not to chase the absolute cheapest price, unless it happens to be with on of the big operators.

The smaller companies just go bust and if they don't they won't have a customers services department worth anything.

Currently with Octopus who state outright they're unlikely to be the cheapest but they have decent customer support when you need it.

CoolHands

18,730 posts

196 months

Thursday 26th August 2021
quotequote all
Unfortunately the entire market is one massive ripoff. Like everything else we have to suffer in the uk. As I said in the other thread gas is piss-cheap internationally. We’ve all got led bulbs coming out our wazoo yet bills go up & up & up

Condi

17,276 posts

172 months

Thursday 26th August 2021
quotequote all
CoolHands said:
Unfortunately the entire market is one massive ripoff. Like everything else we have to suffer in the uk. As I said in the other thread gas is piss-cheap internationally. We’ve all got led bulbs coming out our wazoo yet bills go up & up & up
Where is this piss cheap gas? We (the UK) are cheaper than almost everywhere else in the world except the US and Russia.

Russ35

2,493 posts

240 months

Thursday 26th August 2021
quotequote all
Had my email from Bulb

We're increasing our electricity unit rate from 18.209p to 20.131p per kWh and electricity standing charge from 23.867p to 24.373p per day.

We're increasing our gas unit rate from 3.295p to 4.043p per kWh and standing charge from 25.683p to 26.112p per day.

They think I'll spend £4.30 more a week.


anonymous-user

55 months

Thursday 26th August 2021
quotequote all
Our current heating costs are 19% more expensive than six years ago.

They are also 22% cheaper than three years ago.

That's oil for yousmile

CoolHands

18,730 posts

196 months

Thursday 26th August 2021
quotequote all
Condi said:
Where is this piss cheap gas? We (the UK) are cheaper than almost everywhere else in the world except the US and Russia.
As I posted on other thread. It looks like there are about 13 countries more expensive than us and probably 100 cheaper than us. Do you work for them or summink?

Ukrainian price:
The price of electricity is 0.047 U.S. Dollar per kWh for households

For comparison, the average price of electricity in the world for that period is 0.139 U.S. Dollar per kWh for households

we pay:

0.269 U.S. Dollar per kWh for households

https://www.globalpetrolprices.com/United-Kingdom/...

Edit I have linked to electricity but I’m sure gas is not the same, eh? Gas, we’re in the middle:

https://www.globalpetrolprices.com/natural_gas_pri...

Edited by CoolHands on Thursday 26th August 19:58

Condi

17,276 posts

172 months

Thursday 26th August 2021
quotequote all
CoolHands said:
As I posted on other thread. It looks like there are about 13 countries more expensive than us and probably 100 cheaper than us. Do you work for them or summink?
What other thread? As for do I work for them or summink? I trade gas and power for a living, so not sure who "them" are, but probably.

And do excuse me if I don't have much time for your small number of selected countries, we (the UK) are pretty cheap for gas, on a global scale, because a large amount comes direct from the North Sea we import relatively little from abroad. So yes, while there are cheaper countries, most of Europe and Asia pay more. There is little point comparing the UK price to that of Azerbaijan or Algeria, but when compared with comparable EU/developed countries we pay relatively little.

We seriously considered gas price might go negative last year during lockdown and it was less than 0.5p/kwh, now it's worth (wholesale) 3.4p/kwh, which is more than most suppliers are charging the customer.

anxious_ant

2,626 posts

80 months

Friday 27th August 2021
quotequote all
My GNE rates with EDF (13.83p electricity, 2.33p gas) ends next month, so I did some shopping.

Can't believe how much energy prices have risen. I usually pay around £150/month for both gas and leccy.

Best new deal is estimated at £245/month! Best deal I can find unfortunately is still with EDF (19.9p electricity and 4.2p gas)
Did this online and had to sign on today for the deal. Downside is that I have to pay fixed amount every month, instead of how much I've used.

Crazy!

Chris Type R

8,046 posts

250 months

Friday 27th August 2021
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[redacted]

iambigred

192 posts

126 months

Friday 27th August 2021
quotequote all
If you're on Octopus Energy and have a smart meter then consider switching to their electric vehicle tariff (called GO) even if you don't have an EV. These tariffs don't typically show up on a comparison site.

15p/kwh peak, 5p/kwh for 4 hours overnight. 25p standing charge. It may differ based on your usage, but for me it works out approx 30 - 45% cheaper than their standard tariff. I do have an EV, but I've also shifted the dishwasher/washer into the offpeak times to take full advantage of the lower rate.

They also have some other tariffs (in beta) that allow you to pick the 3/4/5 hour off-peak window at 5.5 / 5 / 4.5 p/kwh, with the windows starting at 20:30.

If you are already an Octopus/smart meter customer download the Octopus Compare app and it will allow you to compare your actual usage/costs between tariffs.

PDP76

2,575 posts

151 months

Friday 27th August 2021
quotequote all
Just dumped eon and gone with SSE for now.

Eon made absolutely no sense to me at all !
Account in credit, monthly payments and credit cover the quarterly bill.
I paid £32 p/m yes low usage I’m in my own house with no one else living in.
Sent me a letter saying that after calculations they are increasing my payment to £109 pm.
Huh ! Mind boggled and a phone call didn’t unboggle it either. They made absolutely no sense what so ever with this increase and had zero justification for it .
Told them I’m not in the habit of giving money away for utilities I’m not using so goodbye.
Switch to SSE £35pm

HTP99

22,619 posts

141 months

Saturday 28th August 2021
quotequote all
My BG dual fuel contract, which was a pretty good one when compared to what was around last year and was circa £200 less for the year, than my then current BG contract, is up now, oddly when I signed up for it last year it was only visible when viewing available contracts, on the BG website on a tablet in desktop mode, it wasn't visible on a PC or on a mobile device under the mobile view, nor comparison sites, plus when looking for a new contract recently, the name of it isn't available on any of the comparison sites.

Anyway I've signed up to EDF on a 2 year contract which should only be circa £100 per year more, there were a few others that were marginally less, but I'd never heard of the company and the reviews were questionable, so I decided to pay a bit more for so one I'd heard of and also with better and far more reviews.

Edited by HTP99 on Saturday 28th August 23:00

Blue Oval84

5,276 posts

162 months

Saturday 28th August 2021
quotequote all
anxious_ant said:
My GNE rates with EDF (13.83p electricity, 2.33p gas) ends next month, so I did some shopping.

Can't believe how much energy prices have risen. I usually pay around £150/month for both gas and leccy.

Best new deal is estimated at £245/month! Best deal I can find unfortunately is still with EDF (19.9p electricity and 4.2p gas)
Did this online and had to sign on today for the deal. Downside is that I have to pay fixed amount every month, instead of how much I've used.

Crazy!
If you've fixed with EDF I can assure you don't need to pay a fixed DD. Just contact them and say you want to be switched to "Direct Debit Whole Amount Monthly" (or quarterly if that's your preference) and you will still receive the same unit rate, and they'll send a read reminder every month/quarter. If you fail to send a reading they will deduct an estimated amount.

If you're on a smart meter then you won't even need to send the reading.

Regarding prices in general - they're all being driven by the wholesale market going mad. It's currently backwardated and energy in 2023 is cheaper than 2022, hence the fixed deals are now all 2/3 years as a one year deal includes solely very pricey energy. It's still going to get worse before it gets better. If anyone reading this is due to renew this side of winter I would suggest you change now. Although strangely, in quite a few cases, suppliers Standard Variable Tariff will shortly appear to be cheaper than the 2/3 year fixe deals, but likely only until March when Ofgem will raise the cap further.