Energy price rises - what are you paying?

Energy price rises - what are you paying?

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Discussion

B'stard Child

28,454 posts

247 months

Thursday 19th October 2023
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cliffords said:
Drawweight said:
At present we’re paying £92 per month with Octopus which has just about kept pace with what we’ve been using all summer.

We’ve got a few quid in credit but were just discussing putting it up to cover for the winter months.

Then today we got an email offering us a 12 month contract for £92.76 which we consider well worth signing up for.
That's regardless of the amount of energy you use then ? You can just leave everything on for a year and that's the monthly cost ?

I think not but don't understand what the 12 month contract means .
I read it as a 12 mth fix (Based on previous 12 mths energy usage) that changed the monthly DD to £2.76 more than already paying

Drawweight

2,898 posts

117 months

Friday 20th October 2023
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Yes, it's a fixed price tariff.

It's a chance you take, some you win and some you lose.

Looking at predictions they say there may be a slight rise in 2024 so I'm just setting mine up now.

RoadToad84

666 posts

35 months

Friday 20th October 2023
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E.on will offer me a fix at about a penny per kWh more than the current price cap. With the latest round of hostilities in the ME I'm minded to take it

Chris Type R

8,046 posts

250 months

Monday 13th November 2023
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Our monthly bill (fixed rates) has jumped by £100 as the CH is now on. I think it must have been colder this year than last as while it's only £2 dearer overall, we've used less electricity due to having new panels which has reduced that aspect.

On Saturday morning I was surprised to find ice on the windscreen.... Beds/Herts border.

Trustmeimadoctor

12,653 posts

156 months

Monday 13th November 2023
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If you want to compare this year with last look here

https://www.degreedays.net/
Download the period your interested in and compare numbers the bigger the number the more time it's been below the specified temp (default 15.5c)

Then if you overlay your gas usage you can then see if your using less than you were

For November so far here it's been 79.6hdd. Last year 46.8hdd and last year didn't get as cold as yesterday did in this area and that was on the 31st! When it got to 9.8hdd yesterday was 9.9.

And if I look as I said yesterday was 9.9hdd and I used 40.6kWh last year on the 31st 9.8hdd 51.8kWh so I used less gas with the new boiler heating the entire house to a slightly higher temp

Edited by Trustmeimadoctor on Monday 13th November 07:47

Chris Type R

8,046 posts

250 months

Monday 13th November 2023
quotequote all
Trustmeimadoctor said:
If you want to compare this year with last look here
That's an interesting web site/data set. Oct 22 was 90.3 for us vs. 119 this year, which aligns with the extra usage. The delta is equivalent to our 'savings' in September. There are still a few places in the house that I need to find time to insulate this year.

AceRockatansky

2,134 posts

28 months

Monday 11th December 2023
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Just got a message that the cap is increasing again!

Chris Type R

8,046 posts

250 months

Monday 11th December 2023
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AceRockatansky said:
Just got a message that the cap is increasing again!
I thought this was anticipated, but due to be not a significant rise ?

B'stard Child

28,454 posts

247 months

Monday 11th December 2023
quotequote all
Chris Type R said:
AceRockatansky said:
Just got a message that the cap is increasing again!
I thought this was anticipated, but due to be not a significant rise ?
Correct - was announced in Nov

Energy Energy price per unit  Energy price per unit 
Type 1 October to 31 December 2023   1 January to 31 March 2024 
Electricity 27.35 pence per kWh 28.62 pence per kWh
Electricity (SC) 53.37 pence daily standing charge 53.35 pence daily standing charge
Gas 6.89 pence per kWh 7.42 pence per kWh 
Gas (SC) 29.62 pence daily standing charge 29.60 pence daily standing charge


https://www.ofgem.gov.uk/publications/changes-ener...

From 1 January 2024, for a typical user paying by direct debit, the unit rate will be 29p/kWh for electricity and 7p/kWh for gas. The average daily standing charge will be 53 p/day for electricity and 30 p/day for gas.

Saleen836

11,135 posts

210 months

Tuesday 12th December 2023
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had the email from Octopus today with the new charges




Chris Type R

8,046 posts

250 months

Wednesday 13th December 2023
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Saleen836 said:
had the email from Octopus today with the new charges
I'm still on a 3 year fix until August 24 - those prices fill me with dread frown

dickymint

24,435 posts

259 months

Wednesday 13th December 2023
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Chris Type R said:
Saleen836 said:
had the email from Octopus today with the new charges
I'm still on a 3 year fix until August 24 - those prices fill me with dread frown
Well that gives you plenty of time to stock up with wood, candles and Damart wink

Chris Type R

8,046 posts

250 months

Wednesday 13th December 2023
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dickymint said:
Well that gives you plenty of time to stock up with wood, candles and Damart wink
Even the 3 year fix seems expensive to me, so we have been reducing usage and have added more solar. Unfortunately our store of free firewood won't be last too much longer than next winter also.

Sheets Tabuer

19,050 posts

216 months

Friday 15th December 2023
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I see ofgem wants us all to pay an extra £16 to cover non payers and people who can't afford their bills.

kiethton

13,918 posts

181 months

Friday 15th December 2023
quotequote all
Sheets Tabuer said:
I see ofgem wants us all to pay an extra £16 to cover non payers and people who can't afford their bills.
Was coming here to post exactly that

What the juddering fk - just because people scape together the cash to pay theirs they should pay some for others too???...I get it's a tiny fraction of my bill but stillC not only have they ruined the market by stopping people switching (so we all just get charged more) they then make you pay for the people can't can't be bothered to pay their own way - just fk off

Chris Type R

8,046 posts

250 months

Friday 15th December 2023
quotequote all
Sheets Tabuer said:
I see ofgem wants us all to pay an extra £16 to cover non payers and people who can't afford their bills.
In isolation, £16 per annum seems an insignificant amount given how much prices have risen - i.e. I'd have expected this value to be higher/bad debts to be greater.

https://www.bbc.co.uk/news/business-67725424

RenesisEvo

3,616 posts

220 months

Friday 15th December 2023
quotequote all
Sheets Tabuer said:
I see ofgem wants us all to pay an extra £16 to cover non payers and people who can't afford their bills.
Isn't that a bit like how tax and benefits work? scratchchin

ashleyman

6,991 posts

100 months

Friday 15th December 2023
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eon prices up again.

Will be adding a few hundred kw to my December bill reading.

NDA

21,645 posts

226 months

Friday 15th December 2023
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Ovo say that for 2024 (for me):

Standing charge: 56.43p

Normal rate: 33.72
Cheap rate: 23.05

£127 a year more expensive, they reckon.

I have oil central heating and my biggest use is probably an overnight EV charge.

ashleyman

6,991 posts

100 months

Tuesday 19th December 2023
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Just had this from eon.

eon said:
At E.ON Next we’re always looking out for our customers, so we wanted to give you a bit more info about the £50 saving.

If you get your electricity and gas from us, pay by Direct Debit and use the average amount of energy set by Ofgem (that’s 2,700 kWh of electricity and 11,500 kWh of gas) you’ll pay £50 a year less than the price cap with Next Pledge.

But if you pay a different way, have only one fuel with us, or use more or less energy than detailed above, you’ll see a slightly higher or lower yearly saving against the price cap.
Anyone else find this really confusing?

I think it is basically saying you'll pay £50 less across both fuels but if you use more or less than the average then you will pay more or less than the average.