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The energy crisis
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Old 21-05-2023, 17:14   #2251
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Re: The energy crisis

Government rules out any more help on energy bills.

https://www.bbc.co.uk/news/business-65662895
Quote:
The government has ruled out more help for homes with energy bills despite costs remaining historically high.
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Old 21-05-2023, 18:20   #2252
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Re: The energy crisis

Quote:
Originally Posted by ianch99 View Post
FYI, you can sign up to Octopus Agile again. I have just switched to see how things get on while we have a degree of protection from the Energy Price Guarantee (until end of June). Should be interesting to see how the costs vary.

I see others on a Octopus Tracker tariff for Gas - how does this work?
Tracker and Agile both use the same source pricing (dailies), but tracker is averaged out cost over day so you get one rate for all day, Agile is 30 min rates so it shifts twice an hour.

Agile also can go negative (you get paid to use) whilst Tracker cant.

Agile is electric only, whilst tracker is gas and/or electric combo.

---------- Post added at 17:20 ---------- Previous post was at 17:13 ----------

Quote:
Originally Posted by Paul View Post
Government rules out any more help on energy bills.

https://www.bbc.co.uk/news/business-65662895
Was expecting it, all the signs were there its being wound down, the nerfing of EPG, the big sign is the latest COL payments announced actually also do include a payment in 2024 despite the likes of the BBC advertising them as all this year in headlines, that alone suggested they were to be the last one's.

Originally the help came as Labour were absolutely persistent with harassing in parliament during PMQs and the press were (unusually) pestering cabinet members about the poor needing help (very rare in UK politics), Boris even during a over seas diplomatic interview next to finish PM got embarrassed when a reported asked him why he was spending billions on Ukraine whilst at home people couldnt pay their bills. It eventually forced action.

However Labour since Boris resigned have shifted significantly, all pressure from them has stopped, the media have also gone back to just a few left wing papers talking about it, so all pressure is off the government again, there is Martin Lewis who does get TV time, but I expect they will fend him off.

Part of the problem is that the wider population didnt really think it was an issue until last winter, whilst the poorest were likely struggling from the very first part of the crisis and especially after the rise in April 2022. This has led to a mindset where the prices from July onwards are now ok providing the mainstream population are happy enough of which they seem to be.

This mindset is also apparent on the SC, where many people dont seem fussed about the way it has shot up.

Dailies are heading towards pre crisis region of pricing, but its predicted SVR will be end of decade at earliest. Hedging energy is going to continue to have a premium attached to it.
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Old 22-05-2023, 19:48   #2253
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Re: The energy crisis

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Originally Posted by pip08456 View Post
Surely it would be good to keep the electricity connection as you would be paid for putting Into the grid any power generated surplus to your requirements.
But I don't it's great leaving any thing I want , use the tumble dryer for everything, when I did the standing charge cuts it down. Haven't used anything from the grid for two years, gave my refunds from government to a guy I know in form of prepayment top ups but really is it to much to why I got it at all????
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Old 25-05-2023, 21:00   #2254
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Re: The energy crisis

50 000 more Octopus customers are being allowed on the tracker from 1st July. If you are with them with Smart meters get on the waitlist now if you can
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Old 25-05-2023, 21:18   #2255
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Re: The energy crisis

Quote:
Originally Posted by Jaymoss View Post
50 000 more Octopus customers are being allowed on the tracker from 1st July. If you are with them with Smart meters get on the waitlist now if you can
Hi Jay, my Octopus 2 year fix ends in September and I have been wondering what to do then. What's your opinion regarding the Tracker versus Agile Octopus.
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Old 25-05-2023, 21:41   #2256
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Re: The energy crisis

Quote:
Originally Posted by joglynne View Post
Hi Jay, my Octopus 2 year fix ends in September and I have been wondering what to do then. What's your opinion regarding the Tracker versus Agile Octopus.
The Tracker is for Gas and Electric Agile just for electric. Tracker is daily figures so the price is decided the day before Agile updates every 30 minutes.

If you are prepared to monitor the prices and shift things like washing drying and so on off peak Agile I believe is better because you are rewarded for shifting high consumption off peak.

All depends on your consumption. If you use a lot of Gas maybe tracker would be better. It all depends on use. I am not sure but one would assume Gas prices in winter will be higher than in summer. You could get get stitched up with Gas on Tracker in the winter.

I guess I was as much help as a chocolate teapot hahah
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Old 25-05-2023, 22:18   #2257
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Re: The energy crisis

Quote:
Originally Posted by Jaymoss View Post
The Tracker is for Gas and Electric Agile just for electric. Tracker is daily figures so the price is decided the day before Agile updates every 30 minutes.

If you are prepared to monitor the prices and shift things like washing drying and so on off peak Agile I believe is better because you are rewarded for shifting high consumption off peak.

All depends on your consumption. If you use a lot of Gas maybe tracker would be better. It all depends on use. I am not sure but one would assume Gas prices in winter will be higher than in summer. You could get get stitched up with Gas on Tracker in the winter.

I guess I was as much help as a chocolate teapot hahah
No, you have helped.

You have basically just summed up my own thoughts. I only use gas for hot water and our central heating. So in a way Agile would make more sense but, havind said that, I think that having to fit the way I want to do something around half hourly price swings would drive me crackers.

I think I will just see what's on offer when my fix ends and hope that by then there is a plan that I can live with. Either that or I could always go over to candles and calor gas.
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Old 25-05-2023, 22:39   #2258
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Re: The energy crisis

Quote:
Originally Posted by joglynne View Post
No, you have helped.

You have basically just summed up my own thoughts. I only use gas for hot water and our central heating. So in a way Agile would make more sense but, havind said that, I think that having to fit the way I want to do something around half hourly price swings would drive me crackers.



I think I will just see what's on offer when my fix ends and hope that by then there is a plan that I can live with. Either that or I could always go over to candles and calor gas.
Me too.

Tracker Gas is currently 3.5p and EPG is 11p. Heating uses a lot of gas. Stock market Future prices for winter are only slightly higher. So, it should be ok.

Electricity: do not do washing/drying/dishwashing 7-10am, 4-8pm. Any other time is 50% cheaper than EPG
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Old 26-05-2023, 05:24   #2259
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Re: The energy crisis

Today, gas prices fell below 2p/kwh
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Old 26-05-2023, 13:15   #2260
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Re: The energy crisis

Quote:
Originally Posted by Ms NTL View Post

Electricity: do not do washing/drying/dishwashing 7-10am, 4-8pm. Any other time is 50% cheaper than EPG
The morning is when we put on our devices as it's when our solar panels are working at their best. What we draw from the grid will depend on how sunny it is. The shower is our biggest electricity user, again mostly used in the mornings.


We will be using gas for some time. My pacemaker excludes induction hobs and gas is better anyway. Hard to toast a pepper over an induction hob and our gas hob works in power cuts so we can cook and heat some water.
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Old 22-06-2023, 13:14   #2261
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Re: The energy crisis

Have any of my fellow Octopi had an email from them today about reducing gas prices? My projected annual spend on gas is falling from £1,200 to £900, about which I am rather happy.
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Old 22-06-2023, 13:16   #2262
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Re: The energy crisis

Not with Octopus but e.on sent me something similar about their new prices from 1st July.
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Old 22-06-2023, 13:49   #2263
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Re: The energy crisis

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Originally Posted by jfman View Post
Not with Octopus but e.on sent me something similar about their new prices from 1st July.
Like wise, Shell has advised of Price reductions.
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Old 22-06-2023, 14:45   #2264
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Re: The energy crisis

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Like wise, Shell has advised of Price reductions.
Thanks for the "heads up".

After seeing your post, I logged on to our Shell account, and this was the first thing I saw/

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Old 22-06-2023, 15:37   #2265
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Re: The energy crisis

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Originally Posted by Hugh View Post
Thanks for the "heads up".

After seeing your post, I logged on to our Shell account, and this was the first thing I saw/

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