Gas Prices up 13% today.......

ispookie666

Moving to ASHP or GSHP without self generation would be pretty much pointless.  30% of electricity is produced by combined gas turbines - so any increase will be passed on to the consumer 

QrizB

ispookie666 said:

Moving to ASHP or GSHP without self generation would be pretty much pointless.  30% of electricity is produced by combined gas turbines - so any increase will be passed on to the consumer 

Not quite sure how you work that out? Burning 12000kWh of gas burns, well, 12000kWh of gas. Providing 12000kWh with a heat pump might only take 4000kWh of electricity. 30% of that is 1200kWh, and if a CCGT is 40% efficient that's 3000kWh of gas needed. 1/4 as much gas burned.

Flight3287462

When we built our house 10-11 years ago we went straight for a Nibe Ground Source Heat Pump, decent insulation, underfloor heating downstairs and radiators upstairs which apart from the towel warmers are not used very much.  Best decision we ever made.

The plan was hatched the last time oil went mad as the old cottage was oil heated.

Wb90

What can realistically be done? As has been mentioned already, if prices continue to rise or even remain as they are, many people simply will be unable to afford to heat their homes at all.

Something would have to give somewhere. But what and how?

I just did a requote on the same tariff I signed up to 2 weeks ago and it has almost doubled in that time, which would be 2.4x what my September DD cost. That would be difficult for me to manage and many are already struggling before any price hikes.

I don’t envy whoever’s responsible for getting us out of this mess.

chewyluis

Wb90 said:

What can realistically be done? As has been mentioned already, if prices continue to rise or even remain as they are, many people simply will be unable to afford to heat their homes at all.

Something would have to give somewhere. But what and how?

I just did a requote on the same tariff I signed up to 2 weeks ago and it has almost doubled in that time, which would be 2.4x what my September DD cost. That would be difficult for me to manage and many are already struggling before any price hikes.

I don’t envy whoever’s responsible for getting us out of this mess.

I have no idea how some of the poorest will be able to survive this winter.

Extremely vulnerable people who shouldn't even be thinking of trying to live in a cold home, will be trying to do exactly that because they have no alternative.

Even though the UC uplift was always stated as being temporary, they should have extended it by another six months to help get our poorest people through winter. It would have cost something like £3bn, which in the grand scheme of all the money the Tories have spaffed up the wall during the pandemic (think world-leading COVID tracing app as one example) is next to nothing.

Wb90

@chewyluis

That would only help those that are eligible for UC and even that £20 doesn’t come close to touching the hikes we’re currently looking at. 

I was on the SVR and my DD was about to jump £50 a month.

Ultrasonic

Wb90 said:

@chewyluis

That would only help those that are eligible for UC and even that £20 doesn’t come close to touching the hikes we’re currently looking at. 

I was on the SVR and my DD was about to jump £50 a month.

Bear in mind that the £20 figure was per week, not per month, so actually it did cover the example change you've quoted. Of course it being per week means the reduction is more significant.

[Deleted User]

Wb90 said:

What can realistically be done? As has been mentioned already, if prices continue to rise or even remain as they are, many people simply will be unable to afford to heat their homes at all.

Something would have to give somewhere. But what and how?

I just did a requote on the same tariff I signed up to 2 weeks ago and it has almost doubled in that time, which would be 2.4x what my September DD cost. That would be difficult for me to manage and many are already struggling before any price hikes.

I don’t envy whoever’s responsible for getting us out of this mess.

Well it’s not The PM. He doesn’t seem to want to accept that there is an issue that he needs to get involved in. It’s just the economy waking up from its COVID slumber. By trying to argue that there is a case for more renewables, no one is addressing the ‘elephant in the room’. That is, who is going to pay for new heat pumps; radiators and insulation in millions of properties - many of which were built pre-War.

There will undoubtedly be a very rude awakening for the Government next April when a much increased Ofgem cap kicks in; along with the increase NI and much higher Council Taxes. I cannot see voters standing in the streets and clapping for our PM.

Sea_Shell

[Deleted User] said:

Wb90 said:

What can realistically be done? As has been mentioned already, if prices continue to rise or even remain as they are, many people simply will be unable to afford to heat their homes at all.

Something would have to give somewhere. But what and how?

I just did a requote on the same tariff I signed up to 2 weeks ago and it has almost doubled in that time, which would be 2.4x what my September DD cost. That would be difficult for me to manage and many are already struggling before any price hikes.

I don’t envy whoever’s responsible for getting us out of this mess.

Well it’s not The PM. He doesn’t seem to want to accept that there is an issue that he needs to get involved in. It’s just the economy waking up from its COVID slumber. By trying to argue that there is a case for more renewables, no one is addressing the ‘elephant in the room’. That is, who is going to pay for new heat pumps; radiators and insulation in millions of properties - many of which were built pre-War.

There will undoubtedly be a very rude awakening for the Government next April when a much increased Ofgem cap kicks in; along with the increase NI and much higher Council Taxes. I cannot see voters standing in the streets and clapping for our PM.

The biggest problem will be if the prices stay high, past April 22.   If they come down by then, then will energy firms start offering deals again, as prices lower than the cap?  But they won't be able to if the current price is still high.

Those of us lucky enough to be fixed until winter's passed (with a big 6), might just escape the worst of it, if we're lucky, and new deals will be available.   Assuming the big boys don't start to fold under the strain too!!!

Ant555

Just out of interest, what needs to happen in the world for the gas prices to start returning to last years levels?