Energy news in general

MikeJXE

The_Green_Hornet said:

Octopus Energy: Bills will fall in April, says boss

The boss of Octopus Energy says bills will fall this April as providers have already paid for the gas.

Speaking to the BBC at the World Economic Forum in Davos, chief executive Greg Jackson said the new energy price cap will be "hundreds of pounds lower" than current levels.

He added that gas supplies had been secured in advance of the winter months.

This has led to lower wholesale prices, Mr Jackson said.

Octopus Energy: Bills will fall in April, says boss - BBC News

That will be good news for many however it wont affect me as I took a fix with Octopus in September 

No regrets as my standing charges are higher than by gas usage for that period 

Sea_Shell

If the articles are to be believed, we should see a significant drop in the energy price cap, come April.

However, is the annual figure completely misleading, as the quarter in question (april-june) will see relatively light usage and won't include a winter.

Are light users going to see a much smaller reduction than the 16% being bandied about in the media, as I don't think the standing charges will be reducing.

A drop in unit rate is welcome, or course, but of you're not using, you're not saving (as much).

bristolleedsfan

https://twitter.com/CornwallInsight/status/1749399276839411938

spot1034

Sea_Shell said:

If the articles are to be believed, we should see a significant drop in the energy price cap, come April.

However, is the annual figure completely misleading, as the quarter in question (april-june) will see relatively light usage and won't include a winter.

Are light users going to see a much smaller reduction than the 16% being bandied about in the media, as I don't think the standing charges will be reducing.

A drop in unit rate is welcome, or course, but of you're not using, you're not saving (as much).

Actually April, May and even early June can still see cold weather - only last year we saw single figure daytime highs in the first week of June in the eastern half of the UK, and that is not particularly rare.

Q3 is the only quarter when heating is unlikely to be needed.

QrizB

bristolleedsfan said:

Still more expensive, then, than the average of the last 12 months on Octopus Tracker!

ArbitraryRandom

spot1034 said:

Sea_Shell said:

If the articles are to be believed, we should see a significant drop in the energy price cap, come April.

However, is the annual figure completely misleading, as the quarter in question (april-june) will see relatively light usage and won't include a winter.

Are light users going to see a much smaller reduction than the 16% being bandied about in the media, as I don't think the standing charges will be reducing.

A drop in unit rate is welcome, or course, but of you're not using, you're not saving (as much).

Actually April, May and even early June can still see cold weather - only last year we saw single figure daytime highs in the first week of June in the eastern half of the UK, and that is not particularly rare.

Q3 is the only quarter when heating is unlikely to be needed.

Counterpoint: November, December and January are the only months I tend to have the heating on with any regularity - boiler gets switched from HW only sometime in Oct and back again some time in Feb.

The rest of the year I have a nice stash of jumpers  

Netexporter

Agile leccy prices in single figures?

QrizB

Netexporter said:

Agile leccy prices in single figures?

That might tempt even me to switch

MikeJXE

Sea_Shell said:

If the articles are to be believed, we should see a significant drop in the energy price cap, come April.

However, is the annual figure completely misleading, as the quarter in question (april-june) will see relatively light usage and won't include a winter.

Are light users going to see a much smaller reduction than the 16% being bandied about in the media, as I don't think the standing charges will be reducing.

A drop in unit rate is welcome, or course, but of you're not using, you're not saving (as much).

It would make very little difference to me even if I wasn't on Octopus September 12m fix

Checking my figures for a 12 month period

 I have no restrictions on usage at anytime, if I am not warm enough it goes on regardless of what month we are in,  

 I am at home most of the time, 18/19 daytime and 16 overnight. 

I spend approx £50 between April 1st and September 30th and £225 October 1st and March 31st.

Thats gas only for heating and hot water No standing charge included 

My electric is constant all year at approximately 11kWh per week 

Quite obvious to me it's about supply and demand, decrease rates when there is no market and increase rates when there is, lookout for an increase next October as it was last October. 

MultiFuelBurner

Octopus in profit for the first time since 2015

https://www.ft.com/content/fc3afafd-07c0-41b2-a6c1-a17b84f3f986