Electricity tariffs

[V8Granite]

Does anyone have any good leads ?

I fixed in Jan 2020 at 21p kWh and they have now given me a nice introductory offer to fix now at 79p, that’s with Scottish Power.

I’m not interested in random Sheila’s Electricity Wheels.

I fixed when I did due to some feeder issues from France and Norway but now even compare the market and I switch won’t give me a quote, seems the service is not available.

So, anyone done any clever moving about lately or do I invite the dogs onto the bed this winter

Dave!

[Jobbo]

Martin Lewis's advice was not to fix because the capped rate is far lower than any fix. The price cap is increasing, announcement tomorrow; the current cap is about 28/29p/kWh and it's expected to go up 80%, so to ~52p/kWh. I don't think I'd fix.

[Broccers]

There are no deals to be had.

Altho I was thinking this week would it be cheaper to buy a couple or 3 oil filled radiators to reduce the gas bill as in comparison leccy is loads cheaper and is going to be much more so soon.

Or just moving to somewhere warmer for 6 months again would be cheaper than living in the UK.

[V8Granite]

I was really surprised at the size of some of the rises, this is really going to hurt some people.

I knew they would go up but this is double what I thought we would see.

Dave!

[Broccers]

You're looking at 3 to 4 times the amount this winter.

[ZedLeg]

Mines has gone up 125% since last year. Looking forward to seeing where it’s at by october.

At least the energy suppliers will still be able to pay out their shareholder dividends though.

[Broccers]

Our local pub is in a fixed deal - they usually fix 3 or 5 years. Remember that theres no cap on businesses so when it ends he is really fucked at the predicted prices. So much so it's a quid on each pint just to stay at the same amount of income.

Carnage ahead and most people have no clue its coming.

[Simon]

Martin's advice isn't as simple as 'don't fix' anymore. So much that there's a calculator on the MSE website that'll help you to decide whether to fix or not. Read his page here and then follow the link to the 'should I fix' calculator down the page to see if the numbers work for you or not.

[Rich B]

Carnage ahead and most people have no clue its coming.

I think most are aware and very concerned, not everyone relies on pints going up a pound to find out energy prices are going through the roof....

[Jobbo]

I can’t see how electric radiators are going to be cheaper than gas. Electricity is going up more than gas, and was more expensive for heating in the first place.

I’m happy that we use oil for heating and hot water at least.

[Broccers]

Carnage ahead and most people have no clue its coming.

I think most are aware and very concerned, not everyone relies on pints going up a pound to find out energy prices are going through the roof....

You're wrong. But thank you for your none point.

[Broccers]

I can’t see how electric radiators are going to be cheaper than gas. Electricity is going up more than gas, and was more expensive for heating in the first place.

I’m happy that we use oil for heating and hot water at least.

I honestly welcome someone telling me either way. Oil filled radiators aren't the same as electrical ones.

[Jobbo]

I can’t see how electric radiators are going to be cheaper than gas. Electricity is going up more than gas, and was more expensive for heating in the first place.

I’m happy that we use oil for heating and hot water at least.

I honestly welcome someone telling me either way. Oil filled radiators aren't the same as electrical ones.

They are heated by electricity so in terms of energy usage, they’re exactly the same as any other electrical heater. The volume of oil works as a heat reservoir so they aren’t as on/off as a panel heater, that’s all.

[jamcg]

They work the same as an immersion heater in a water cylinder, just the medium they heat is oil.

In terms of electrical input to heat output and transfer to a room fan heaters are more efficient as they actually circulate the heat around. Oil filled rads have always seemed pretty rubbish to me

[Rich B]

I imagine Broccers probably overheard a conversation in the pub about how someone was going to huddle around one oil filled radiator in one room rather than hearing their whole house and got confused into thinking oil filled roads were somehow a cheaper than gas option for heating a house.

[Jobbo]

I love the way people selling any type of electric heater say it's 100% efficient. Yes, that's true - on the basis that most electrical devices consider the waste energy lost as heat as being their inefficiency...

[Jobbo]

They increased caps have been announced - just over double for gas, 80% increase for electricity. Standing charges for each have gone up a penny a day.

[Swervin_Mervin]

I read the other day that demand for wood has gone up 5-fold. Whilst it's tempting I'm still not convinced that firing up a log burner is any cheaper than simply turning down the CH temps a degree or so.

That said, we still probably have half a ton of conifer wood we could use that was from trees we had cut down 9 years ago.

[Broccers]

They work the same as an immersion heater in a water cylinder, just the medium they heat is oil.

In terms of electrical input to heat output and transfer to a room fan heaters are more efficient as they actually circulate the heat around. Oil filled rads have always seemed pretty rubbish to me

We had a couple years ago when the heating was borked. I never looked into how much they cost to run v gas heating so it would be interesting to find out hard data. An oil filled rad works the same a water filled rad so not any worse or better in moving heat into a room.

Once warm / hot they stay hotter for longer.

[Jobbo]

They work the same as an immersion heater in a water cylinder, just the medium they heat is oil.

In terms of electrical input to heat output and transfer to a room fan heaters are more efficient as they actually circulate the heat around. Oil filled rads have always seemed pretty rubbish to me

We had a couple years ago when the heating was borked. I never looked into how much they cost to run v gas heating so it would be interesting to find out hard data. An oil filled rad works the same a water filled rad so not any worse or better in moving heat into a room.

Once warm / hot they stay hotter for longer.

Broccers, any electrical heater is 100% efficient at changing electrical energy into heat energy in the room. There is a smoothing effect by heating up a volume of oil rather than having the elements in the air, but the amount of heat in kWh they put out is exactly the amount of kWh they consume in electricity.

Gas central heating is not 100% efficient; a modern combi boiler can be 90% efficient at turning the energy from the gas into heat but I doubt anyone is quite achieving that in reality. Take 70% as a more realistic estimate. So 10kWh of gas consumed produces 7kWh of heat into your house.

Look at the prices: electricity is now capped at 52p/kWh against gas at 15p/kWh. To heat your house up with 7kWh of heat energy would cost £3.64 using electricity and £1.50 using gas. Gas is much cheaper per unit of energy, less than 1/3 the price of electricity, so it's simply a more cost effective way to heat your home.