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1 bed flat with no central heating - options

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  • Reed_Richards
    Reed_Richards Posts: 5,393 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    anewloginapparently said:
    ...is there also a risk of economy 7 tariffs being scrapped in the future now we're no longer reliant on coal power? 
    In recent years the cost of Economy 7 electricity has risen as a percentage of the cost of day-rate electricity so it is already less attractively priced than it used to be.  I'm not sure if this is just down to the phasing out of coal power or other factors.  What we may see in future are time-of-use tariffs that vary throughout the day, depending on demand.
    Reed
  • QrizB
    QrizB Posts: 19,167 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    anewloginapparently said:
    ...is there also a risk of economy 7 tariffs being scrapped in the future now we're no longer reliant on coal power? 
    In recent years the cost of Economy 7 electricity has risen as a percentage of the cost of day-rate electricity so it is already less attractively priced than it used to be.  I'm not sure if this is just down to the phasing out of coal power or other factors. 
    I suspect it's more due to the closure of nuclear power stations. Nuclear once made up 25% of the UK's generation, but since 1990 we've closed 4.4GW of nuclear plants and have only commissioned 1.2GW (Sizewell B ). Nuclear is now closer to 10% of generation and CCGT's run overnight to keep up with demand; E7 isn't needed any more to balance the grid.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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