Energy news in general

CanNeverThinkOfAUsername

Just a warning, the above link is for the Daily Mail - Not trying to be a tw*t, i just know some don't like to click any of those links!

markin

CanNeverThinkOfAUsername said:

Just a warning, the above link is for the Daily Mail - Not trying to be a tw*t, i just know some don't like to click any of those links!

And miss out on the wonderful comments like this

"Next a small camera in every room to ensure there is no energy waste. "1984" here we come."

70sbudgie

It will be interesting to see if it makes a noticeable difference to the demand curve.

markin

National Grid set to pay £3m to households and businesses

https://www.theguardian.com/money/2023/jan/24/british-households-businesses-cut-power-use-national-grid

During the trials, typical households saved about half a kilowatt hour, which will be worth about £2 on Tuesday, putting the cost to National Grid at £2m. Those funds will be passed on to those participating, with suppliers keeping a share to cover their costs.

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£1m paid to Octopus Energy customers as part of power saving scheme

https://www.theguardian.com/money/2023/jan/25/1m-paid-to-octopus-energy-customers-as-part-of-power-saving-scheme

Supplier says 400,000 customers took part, reducing their electricity use for a designated 90-minute period

markin

How Putin’s plans to blackmail Europe over gas supply failed

https://www.theguardian.com/world/2023/feb/03/putin-russia-blackmail-europe-gas-supply-ukraine

 

nekr0mantik

well I think the cost of energy wholesale wont mean anything for consumers as we wont ever go back to prices of energy pre Ukraine invasion. Even though gas prices will probably drop back to same levels the energy companies love seeing the ££ signs so will keep it as high and for as long as they can to milk it. sad but true
otherwise there would be no price cap increase in April as prices were coming down end of last year from September onwards. 

spot1034

Channel 4 tonight (Sunday) at 9 - Guy Martin's Great British Power Trip, investigates the past present and future of British power stations. 

GingerTim

https://www.energylivenews.com/2023/02/13/octopus-offers-heat-pump-as-cheap-as-a-gas-boiler/

Octopus has launched a new heat pump deal aimed at driving down the cost of green home heating technology.

The heat pump offering is expected to be cheaper or cost the same as a gas boiler.

According to Greg Jackson, Chief Executive Officer of Octopus, buying and installing their new self-designed heat pump will cost homeowners as little as £2,500.

The news comes just a few days after British Gas announced it would offer the lowest market price for installing heat pumps, starting from £2,999.

In 2021, a study suggested the UK was installing almost 6% of the heat pumps needed to reach net zero.

To help accelerate the rollout of heat pumps, the government launched the Boiler Upgrade Scheme – the scheme offers a grant to cover part of replacing fossil fuel heating systems with a heat pump or a biomass boiler.

Mstty

Return of fix deals.

Something I mentioned in other posts that I suspected fixes would return come July if predictions on the cap are true. 

https://www.cornwall-insight.com/press/millions-of-households-could-switch-their-energy-supplier-in-second-half-of-2023/

michaels

Seems in 'fixing' the market to prevent supplier failure if they have purchased based on the price cap but are then left with unneeded power due to switches to lower fixes the govt has introduced the 'Market Stabilisation Charge (MSC)' - the downside is this means that any new cheaper fixes would need to include an element to compensate for the loses on the price cap hedging.

So the market intervention needed because consumers are too lazy to shop around is leading to higher prices for everyone now prices are falling back - who would have thought it?