Alarming rise in electricity prices

[Mr E]

TheRainMaker said:

Where do you work that has free power? Someone has to pay for it?

Indeed. But, and this is the important bit, not me.

[Gary C]

cc3 said:

So if Electricity prices are going to rise 30/40% year on year what is that going to do for the push to covert to electric cars? Try going to a switching site and see the dramatic rise in electricity with many small players going bust. We will soon be left with the old cartel

https://www.ofgem.gov.uk/energy-data-and-research/...

Lol, 'cartel'

Now that these suppliers have seen how much it really costs to run a generating system, the investment needed that they have benefited from others providing while they drive costs down until it's no longer sustainable, we can see them for the parasites they are.

The electricity market have been manipulated for years and this is the result.

Low carbon, cheap, reliable

Choose two.

[plfrench]

Mr E said:

Indeed. But, and this is the important bit, not me.

I'd keep quiet on that or you'll BIK'd for it

[Mr E]

plfrench said:

Mr E said:

Indeed. But, and this is the important bit, not me.

I'd keep quiet on that or you'll BIK'd for it

Currently fine. I’m sure it’ll change.

[isleofthorns]

autumnsum said:

Won't this be more worrying for refining petrol/diesel?

EVs might go up from costing £2 a week to £4 a week, no big deal.

run two electric cars, normal 4 bed house... was on 150pm direct debit. now they want 300/pm...

[JWH]

SWoll said:

How many tyres are you going through?

£500 is going to get you a good set of tyres for a normal EV lasting 20k miles. That's 0.025p per mile.

It's a factor of 100 more than that. 2.5 pence per mile.

[autumnsum]

isleofthorns said:

run two electric cars, normal 4 bed house... was on 150pm direct debit. now they want 300/pm...

Explain what you mean please.

[Earthdweller]

autumnsum said:

isleofthorns said:

run two electric cars, normal 4 bed house... was on 150pm direct debit. now they want 300/pm...

Explain what you mean please.

Let me guess ?

He was paying £150 pm by direct debit

Supplier now wants £300 pm by direct debit ( presumably for same usage )

[isleofthorns]

autumnsum said:

isleofthorns said:

run two electric cars, normal 4 bed house... was on 150pm direct debit. now they want 300/pm...

Explain what you mean please.

I mean my usual direct debit used to be 150 a month - now, my electricity contract is up for renewal, and the new quote is for 300 a month...

this is based on running two electric cars and a normal four bed house

[sja360]

isleofthorns said:

I mean my usual direct debit used to be 150 a month - now, my electricity contract is up for renewal, and the new quote is for 300 a month...

this is based on running two electric cars and a normal four bed house

So how many miles do you get for the additional £150 electric bill?

[Hugo Stiglitz]

As soon as petrol/diesel buyers switch over in bigger numbers with queues to use charging points it'll be just as expensive as fossil fuel.

[TheDrownedApe]

I transferred supplier in June. Just done a comparison quote based on my annual usage and it's roughly £1000 more expensive now a year (£260 v £175 a month).

Holy ste, for once I'm lucky

[Hugo Stiglitz]

TheDrownedApe said:

I transferred supplier in June. Just done a comparison quote based on my annual usage and it's roughly £1000 more expensive now a year (£260 v £175 a month).

Holy ste, for once I'm lucky

How many miles a month do you do

[TRIUMPHBULLET]

Does anyone think a govt that gets more income from the tax is going to do anything meaningful?
They will blame a competing market and pledge to help the needy (they won't).
Don't be surprised to see VAT/fuel duty go up also.
The events of the last 18 months are finally catching up and the taxpayer is about to get royally reamed.
Covid is running out of steam so China will be the next thing on the agenda needing extra taxes.

[Welshbeef]

R4 this morning the “experts” were stating that this price hike is here to stay in the gas . Electric market.

They had I think the uswitch CEO/representative on it and they said for the first time ever they are recommending the standard variable rate. As in the price cap is extremely good value but price cap will change again in April…. Who knows what that will be but it will be higher that is a given.

[TheDrownedApe]

Hugo Stiglitz said:

How many miles a month do you do

The "EV" cost is negible for my energy usage as 3 of us WFH

[Mr E]

TheDrownedApe said:

The "EV" cost is negible for my energy usage as 3 of us WFH

Running a foundry?

[jamei303]

Suddenly the £92/MWh "dreadful deal" from Hinkley isn't looking so bad for a constant reliable supply.

https://www.theguardian.com/news/2017/dec/21/hinkl...

A shame the government dithered on Hinkley and so many other nuclear options for decades, they still haven't made their mind up about Sizewell C

Who'd have thunk it isn't always windy or that gas prices could be volatile?

[Welshbeef]

jamei303 said:

Suddenly the £92/MWh "dreadful deal" from Hinkley isn't looking so bad for a constant reliable supply.

https://www.theguardian.com/news/2017/dec/21/hinkl...

A shame the government dithered on Hinkley and so many other nuclear options for decades, they still haven't made their mind up about Sizewell C

Who'd have thunk it isn't always windy or that gas prices could be volatile?

With Putin putting the brakes on the Gasprom pipe to Europe and them having subs everywhere around the U.K. & then the bizarre fire on the offshore cable for wind… say no more they are fully engaged with disrupting everything.

[Hugo Stiglitz]

Mr E said:

TheDrownedApe said:

The "EV" cost is negible for my energy usage as 3 of us WFH

Running a foundry?

Bloody ell you must have a/c in every room