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Will energy prices fall due to fraking

I live in in a 1bedroom multi story flat (which i love) but as its multi story the gas was removed and replaced with night storage heaters, which are the worst type of heating ever cold on the night and cost the earth to use.

I seen on the news that they were starting fraking and that the UK has years decades of the stuff, now in the US there prices have dropped 60%.

Will us in the UK get the same deal, i honestly dont no how i can live paying the prices now for electricity all my money goes on electric.

I pay DD 70.00 summer time i use about £65 day rate and £35 night rate(for hot water on economy 7).

Winter i used the same day rate but night rate was £125 a month just for storage heaters i nearly died i only have 4 storage heaters 2 in lounge 1 in bedroom and 1 in landing.

i also have to pay extra when possible just to make sure my DD dont go up.

Does anyone from places like the gas/electric or fraking read these messages to reply.
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Comments

  • undaunted
    undaunted Posts: 1,870 Forumite
    Just my opinion but if you hope for a 60% price drop I'd say don't hold your breath!
  • spacey2012
    spacey2012 Posts: 5,836 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You must be joking, they have us by the balls.
    Be happy...;)
  • lstar337
    lstar337 Posts: 3,443 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mackemps3 wrote: »
    I live in in a 1bedroom multi story flat (which i love) but as its multi story the gas was removed and replaced with night storage heaters, which are the worst type of heating ever cold on the night and cost the earth to use.
    You can't be using them right.

    I don't pay that much and I have storage heaters, and a bigger flat, with no insulation, and huge leaky windows.

    What size are your heaters?
    Do they have automatic charge control?
    How are you setting, and using them?
  • lstar337
    lstar337 Posts: 3,443 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mackemps3 wrote: »
    I pay DD 70.00 summer time i use about £65 day rate and £35 night rate(for hot water on economy 7).
    How are you paying so much?

    My overnight cost for June (Storage heaters off because it is already warm enough) was £7.76 (113.58kWh). That was for hot water and tumble drier use + appliances left on overnight.

    Day usage for June was £32.08 (177.95kWh).

    xdw8.jpg
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    lstar337 wrote: »
    You can't be using them right.

    I don't pay that much and I have storage heaters, and a bigger flat, with no insulation, and huge leaky windows.

    What size are your heaters?
    Do they have automatic charge control?
    How are you setting, and using them?

    hi yip i am using them right worse luck lol, i leave hot water on as i have too heaters in the tank 1 comes on when economy 7 switches over at about 12 ish, and 1 emersion heater never needed to use it plus it uses expensive day rate. i have no problem with the hot water.

    I have 2 in lounge both 2.5kw as the room is quite big and 2 1.5kw, they only come on when economy switches on 12ish, they have been turned off since clocks changed i am trying to build lots of credit for the winter time upto now i am in £144 credit with EDF i am on blue price feb 2015.

    Last winter at the coldest i had the 2 lounge ones on full and left the vent closed till i needed the heat, there is no boost just input and output. The bedroom and hall they were only on about just over half at the coldest.

    I should be in loads of credit by the time winter comes but it wont last lol.

    How much do you pay m8 and how do you use yours i hate them.

    The housing that i rent off were thinking about Solar panels but like everyone it comes down to lack of money (not really sure where they would put the as i live in the town center and they have all the CCTV cameras on.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • frackking 60% cheaper

    - like Harold Wilson - nuclear energy .. .. so cheap we would not need to meter it
    - or the switch from 'town gas' to north sea [natural gas] .. .. so cheap it was going to half our bills
    - its energy, how much do the Americans pay for petrol compared to the UK ?
    - dream on .. .. frakking might well put the price up it certainly will not reduce it
    5kWh lounge size

    - that's a lot of heat for what I assume is a very big space
    - or lousy insulation
    they have all the CCTV cameras on

    - not a prob, but solar is pretty useless as in "intermittency" and one roof many flats
    - until we can store renewable energy is much of a joke
    - distributed-non-grid was always a runner, pity no one put money behind it but the Germans

    All buildings in an area / town / city to work together as one. Every roof, all of them, all generating and feeding the grid, individuals, businesses, communities, schools, commerce or industry. wind power, solar panels, combined heat and power (CHP) schemes and other renewable electricity generation connected directly into the local distribution network.

    There is a distributed-grid as opposed to non-grid version DECC are looking at, but we are Britain and our version includes the conventional generation - so it will fail because we won't invest the R&D unless they can find a way to make the consumer pay even more for their kW, in which case this GOV will definitely roll it out for their friends.
    Disclaimer : Everything I write on this forum is my opinion. I try to be an even-handed poster and accept that you at times may not agree with these opinions or how I choose to express them, this is not my problem. The Disabled : If years cannot be added to their lives, at least life can be added to their years - Alf Morris - ℜ
  • DragonQ
    DragonQ Posts: 2,198 Forumite
    Part of the Furniture 1,000 Posts
    edited 4 July 2013 at 8:23AM
    Energy prices? Fall? Hahahahahahaahhaaaa.

    I'm enjoying the fact that my £6ish Ebico credit from my previous account is going to pay for my gas until September though, lol.
  • lstar337
    lstar337 Posts: 3,443 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mackemps3 wrote: »
    hi yip i am using them right worse luck lol, i leave hot water on as i have too heaters in the tank 1 comes on when economy 7 switches over at about 12 ish, and 1 emersion heater never needed to use it plus it uses expensive day rate. i have no problem with the hot water.

    I have 2 in lounge both 2.5kw as the room is quite big and 2 1.5kw, they only come on when economy switches on 12ish, they have been turned off since clocks changed i am trying to build lots of credit for the winter time upto now i am in £144 credit with EDF i am on blue price feb 2015.

    Last winter at the coldest i had the 2 lounge ones on full and left the vent closed till i needed the heat, there is no boost just input and output. The bedroom and hall they were only on about just over half at the coldest.

    I should be in loads of credit by the time winter comes but it wont last lol.

    How much do you pay m8 and how do you use yours i hate them.
    Well my flat may not be as big judging by your 5kW lounge heating installed.

    Here is a plan:
    plangy.jpg

    We have a 3.4kW in the front room, a 2.5kW in each of the bedrooms, a 1.7kW in the landing, a 1.5kW oil heater in the bathroom, and a 3kW immersion heater. These are all on Economy7 except for the bathroom oil heater which is thermostatically controlled.

    This winter, due to rising costs, we fitted thermal roller blinds (£8 Argos) to the front room, bathroom, and kids room. We fitted thick curtains to most of the windows (~£30 a set). This makes quite a big difference.

    During the coldest days this year I did have all the heaters on maximum, but I only needed to open the output control a few times on the front room heater.

    We fitted a dual control electric blanket in our bedroom, then we rarely had to put the storage heater on. This saved us about 10kWh/night.

    I fixed up the insulation on our hot water tank, and fitted a tank jacket that I made myself (took some serious stitching time:D)from and old 13tog hollow fibre duvet.
    img1708he.jpg

    Before the new jacket the water was cold by around 7pm, now it is still hot. It also saved about 4kWh/night. We only use hot water for washing up, washing machine, hand washing etc. We don't have a bath, we have an electric shower.

    Currently, the only things using Economy7 are the hot water and tumble drier.

    We also changed our fridge freezer. I measured our old fridge for 2 weeks using a plug in monitor, and it used ~28kWh. I just finished a 2 week monitor of our new fridge freezer, it has used ~7kWh.

    I will admit that storage heaters are not great, but they save me money. I know for a fact that the missus doesn't know how to use them, and so leaves them alone. If we had gas central heating, she would but putting it on and cranking it up as soon as I leave the room. :D
  • cepheus
    cepheus Posts: 20,053 Forumite
    edited 4 July 2013 at 1:40PM
    Cuadrilla themselves accept that the impact of shale gas on bills will be basically insignificant probably a difference of around 2 per cent compared to what would be the case otherwise.

    Telegraph 'experts' blame green energy for rising bills but Ofgem say gas prices main driver

    Read also
    The True The False and the downright silly of Boris's views on shale

    A report by the Committee on Climate change found that thanks to rising carbon prices the cost of electricity from gas will remain higher than power from clean energy - even if the price falls thanks to shale.....

    By Damian Kahya the Energydesk editor and former foreign, business and energy reporter for the BBC
  • washing machine
    - and I thought I was the only man left in the world with a hot fill washing machine !
    thermal roller blinds
    - really effective ones are astronomically expensive, I applaud the use of the Argos along with heavy curtain - it all adds to the % saved
    electric blanket
    - ditto - I've long stated anything bigger than a 0.85kw in a bedroom is an unnecessary luxury unless bedbound
    tank jacket bodge
    - again 100% for it, like curtains / blinds / e-blanket its not PartL but its a heck of a contribution to not only savings - but comfort - well done
    Disclaimer : Everything I write on this forum is my opinion. I try to be an even-handed poster and accept that you at times may not agree with these opinions or how I choose to express them, this is not my problem. The Disabled : If years cannot be added to their lives, at least life can be added to their years - Alf Morris - ℜ
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