Different rates depending on which version of the tracker tariff you signed up to
And some nuclear is off line at the moment so higher prices to be expected.
Unless I am reading wrong,
The Gas Tracker July 2024 v1 price on Tue 26/11/2024 is 6.43p/kWh, tomorrows price is 6.36p/kWh.
For comparison the Standard Variable Gas (Flexible Octopus November 2022 v1) price is 6.20p/kWh.
and
The Electricity Tracker July 2024 v1 Price on Tue 26/11/2024 is 25.65p/ kWh, tomorrows price is 25.49p/kWh.
For comparison the Standard Variable Electricity tariff (Flexible Octopus November 2022 v1) price is 23.83p/kWh.
Frankly no amount of pissing around with unit prices is going to make a dent in the 65p/day standing charge for electricity alone.
My initial reply seems to have gone missing so.....
Yes, prices are higher today and possibly for the rest of the week. Wind isn't blowing and only generating around 4% of our requirement. Some nuclear is currently off line. It not surprising that short term prices may be high.
For electricity A couple of days ago the daily price was 40% below the standard variable rate and the day after 20% below.
The data for the whole of October shows the price was an average of 5.5% below. For me it looks like the whole of November the average price will be marginally higher than the standard variable rate.
For gas the average for November is likely to be the same as the standard variable price.
My tracker standing charges are: elect 48.79p and gas 29.38p/day
As I mentioned before the tracker tariff may be a bit of a gamble and the daily price dependant on the weather, the demand and what is generating the power. Octopus indicates there is likely to be more of a saving with electric in the warmer months.
“By reducing our use of appliances and not charging electric vehicles during the peak hours of 4pm to 7pm, we can both protect the grid and save money.”
And I thought the grid was there to serve me. But it seems we are here to serve it, instead.
Shades of ‘do X to save the NHS’, which again was set up to serve people, rather than the other way round.
Well, you (and me) have to pay for all that cheap renewables electricity we’ve been promised for decades and which is still in the medium to long term (according to the CEO of a renewables firm, in a recent radio interview).
Don't forget the Labour promise of net zero electricity by 2030. No more gas, no more burning dirty wood chip and totally relying on wind during winter to supply 70% of our base demand. More like supply 70% on a good wind day and 15% on a bad wind day, and with no backup facility. To save the grid we may have to switch everything off for a week or two. No ASHP, no pumps to circulate water through your radiators for your gas fired CH.
The only people that are going to be warm in winter are those with a log or solid fuel fire :)
But hey, you bills will be cheaper in the summer when solar kicks in!
I’d laugh, if that wasn’t a realistic scenario.
Business news on the radio this morning continued the concern the vehicle makers have over the 22% mandate of all new car sales to be electric, rising to 80% by 2030, largely because private buyers don’t want them. A lady spokesperson from the public-charger industry was saying, unsurprisingly, that what’s needed is more chargers, as if that was a solution to the issue.
And a big Gigafactory in Sweden, Northvolt AB, has just filed for bankruptcy, taking a shedload of government money with it.
Its amazing that the EV boondoggle has collapsed before the renewable energy boondoggle, but that is probably because unlike EVS, people are
*required* to *buy* 'renewable energy', where they are not required to buy EVs.
German EV sales have slumped now that the German Government has removed the subsidy.
In the USA EV sales are getting more difficult, large stocks sitting on sales forecourts the best part of a year before sale. One rental firm is getting rid of their EV fleet, possible because a rental car does long distances in the USA and there is range anxiety when offered one for rent. Large car manufactures are re-allocating workforces away from EV production.
The same will be happening in the UK soon with the sales of replacement gas boilers. The boiler manufactures have targets for the percentage sales of gas boilers vs heat pumps with large fines if the targets are not met. Surely it's up to the public to decide how they want to heat their house and not for the Government to force targets? Someone wanting an affordable gas boiler replacement is going to have to pay a lot extra just to subsidise the more well off in society who can afford the extra investment needed for a ASHP. When the ASHP installation subsidy is remove the sales will probably fall off the cliff.
German EV sales have slumped now that the German Government has removed the subsidy.
In the USA EV sales are getting more difficult, large stocks sitting on sales forecourts the best part of a year before sale. One rental firm is getting rid of their EV fleet, possible because a rental car does long distances in the USA and there is range anxiety when offered one for rent. Large car manufactures are re-allocating workforces away from EV production.
The same will be happening in the UK soon with the sales of replacement gas boilers. The boiler manufactures have targets for the percentage sales of gas boilers vs heat pumps with large fines if the targets are not met. Surely it's up to the public to decide how they want to heat their house and not for the Government to force targets? Someone wanting an affordable gas boiler replacement is going to have to pay a lot extra just to subsidise the more well off in society who can afford the extra investment needed for a ASHP. When the ASHP installation subsidy is remove the sales will probably fall off the cliff.
Bless!
They have been doing that for years with the EU's 'Renewable Obligation' Directive.
Spain seems to have found it cheaper to (not) pay the fines, than implement it.
With boilers it's the boiler manufactures that have to pay the fines and they have indicated that additional costs as a result will be passed on in the way of price increases. It's another hidden green stealth tax and a way to increase the price of gas appliances to make things like ASHP to look more financially competitive. Again, it's more of a tax burden on the poor.
No argument with any of that. Red Ed Millibrain is determined to destroy a nation he hates.
Not all tariffs are available from some suppliers if you do not have a smart meter.
It's not that bad. You can see a pattern there.
The chart would look spiffy, if you could see out to Q4 2024. But the pattern is evident.
An example, is not keeping any stock in town, and forcing people to drive to rural dealerships, which happen to have stock.
Paul
The whole compulsory green thing is coming apart at the seams.
- Car manufacturers are going out of business because they are being forced to make uninsurable vehicles no one wants.
- Countries are finding it cheaper to [not?] pay the fines for *not* subsidising 'renewable energy' than it is to subsidise it.
- ASHP s are clearly understood to be noisy and inefficient unless fitted to a house specifically designed for them
- electricity prices are out of control, grid stability is margianal and we are waiting for the onset of 'load shedding'
- industry is all moving to coal powered China..
- Germany is in recession
- France is reaching a debt crisis.
The green dream of bringing capitalism down is upon us.
If there was a buoyant demand in the USA for EVs there wouldn't be a problem at dealerships!
In Europe the market share of EVs seems to be fairly static at around
15% of all cars sold BUT the majority of them are hybrid with a internal combustion engine, the type the authorities want to ban from sale soon.The problem is that this level of sales is not going to meet the net zero targets set by European Governments. The solution to the problem seems to fine the manufacturers if they cannot force the public to buy their products, hence why one of the UK factories is closing. It's cheaper for the company to make fewer Electric vans in the UK than make too many and be heavily fined for not selling them. As mentioned by others, the industry response is that for EVs to be more successful we need perhaps a million more public charging points. Not only is a electric van more expensive but it also needs an expensive infrastructure that we don't currently have.
I save the NHS by avoiding illness and injury.
I tried to park at Waitrose today just after lunch. There were no parking spaces. Except disabled and EV charging points. None of the latter were in use. Few of the former were in use either.
I left and went to the other Waitrose 25 miles away ....
What's the situation with new builds? Are they mandated to have Heat Pumps and if not then why not?
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