Energy news in general

pochase

Final CI predictions before the cap is in.



Cut off information of Q3 and maybe Q4 is already on the site and not done by me

pochase

And here calculated unit prices.

QrizB

pochase said:

Final CI predictions before the cap is in.

And, based on those predictions,  the scores on the doors are:

Yes, that's nearly 24p/kWh for gas and 76p/kWh for electricity in Q2 2023.

EDIT: I see Pochase beat me to it! At least we agree

pochase

Here is the full table. The site did not agree with a 100% zoom in my browser.



Scary part for me it is decreasing slightly for Q3, but going up again for Q4

savers_united

Like any average there will be alot below these figures and alot above them. 

Before the brown stuff hit the fan I know people who were paying £180-£200 a month in a fairly normal property with a few kids, so all the gadgets and TVs in most rooms, heating on keeping property at 21-22 degrees. Others were EV owners who did not have a ToU tariff so paying the going rate at the time around 15-18p per kwh and a few I knew were running a hot tub. I was told at the time it was costing £30-£40 a month to keep heated.

So unless changes are made to these kind of peoples lifestyles they are facing £10k plus energy bills on the SVT come April next year. Some are easily fixed like no longer using the hot tub, or signing up to an EV tariff, but trying to get teenagers to change their ways will be a battle for lots of families. 

Flight3287462

French year ahead wholesale electricity is now at 71p (Germany ~65p)

pochase

Other news from Auxilione

UK Winter gas prices have traded above £7/therm. Contracts for the next three seasons (W-22, S-23 and next winter, W-23) have all traded in excess of £1/therm above Fridays close today so far.

On the continent, TTF prices have been in excess of €45/MWh higher than Fridays close for the same periods.

These are, yet again, unprecedented price levels.

"Meanwhile, this knocks onto electricity prices, with W22 base load at £730."

|This matches above 840 Euro.

Mstty

Well you keep on brining the joy today @pochase🤣🤣

Keep up the good work👍

michaels

savers_united said:

Like any average there will be alot below these figures and alot above them. 

Before the brown stuff hit the fan I know people who were paying £180-£200 a month in a fairly normal property with a few kids, so all the gadgets and TVs in most rooms, heating on keeping property at 21-22 degrees. Others were EV owners who did not have a ToU tariff so paying the going rate at the time around 15-18p per kwh and a few I knew were running a hot tub. I was told at the time it was costing £30-£40 a month to keep heated.

So unless changes are made to these kind of peoples lifestyles they are facing £10k plus energy bills on the SVT come April next year. Some are easily fixed like no longer using the hot tub, or signing up to an EV tariff, but trying to get teenagers to change their ways will be a battle for lots of families. 

That would be us, £2k on a cheap (20% below SVR) fix now looking at 6x higher so 12k (in October), and even more so next year.

Fixed in June at 31p/13p which now seems a bargain, especially as the 31p can become a 4.5p/45p TOU tariff and we can timeshift using the EV battery and V2H.

Archie_Duke

Times 22/08/20

The taxpayer bill for running Bulb could hit £3 billion by the spring because of the government’s “crazy” decision not to buy energy in advance for the failed supplier.

A fresh surge in wholesale energy prices means that government-backed administrators running Bulb will have to buy gas and electricity at far higher costs than they’re allowed to charge customers under the energy price cap.

That could see the taxpayer incur losses of more than £2 billion for running Bulb this financial year, according to estimates by consultancy Auxilione — double the £1 billion budget set aside by the government. Taxpayers already incurred costs of about £1 billion running Bulb last winter, threatening to push the total bill to £3 billion.

…

Bulb collapsed because it hadn’t bought enough energy in advance, leaving it exposed to soaring spot energy prices. The government’s energy price cap on household tariffs was set by Ofgem on the assumption that suppliers had pre-purchased or hedged to lock in cheaper prices in advance, leaving those that had failed to do so unable to hike prices enough to recoup their costs.

Despite this, The Times revealed in December that the government had opted for Bulb’s administrators to buy most of its wholesale energy at even more short notice because of a Treasury policy against hedging. That has left it exposed to surging wholesale energy prices ever since.