Energy news in general

Sea_Shell

I've just looked at a couple of switching sites, including MSE and they don't appear to have been updated for October 24 rates yet.  

Anyone else noticed this?

I'm on Eon Next Pledge, and they show my rates and costs for July-September (which match what I have almost to the penny - on the usage figures I use - not the auto-estimates), but not the new October costs.   Which should now be about £98 pa more, as confirmed by Eon.

I can't be sure then, that the other deals offered (EDF Ensure tracker, for example) are also not on the new updated October rates, especially those deals that are a discount on the cap, and variable, rather than a fix fix.

Will leave it for a couple of days and then return, so see if it's filtered through.   

molerat

Future prices seem to have softened slightly.  Eon have released some new tariffs today and they are slightly downwards after having risen over the past couple of weeks.  I fixed on 12mth v28 on 4th Oct at the lowest they have been for a long time, they are now on v32. Currently showing as having the 2 cheapest (no strings) available tariffs on CEC, expect others will follow next week.

Shedman

molerat said:

Future prices seem to have softened slightly.  Eon have released some new tariffs today and they are slightly downwards after having risen over the past couple of weeks.  I fixed on 12mth v28 on 4th Oct at the lowest they have been for a long time, they are now on v32. Currently showing as having the 2 cheapest (no strings) available tariffs on CEC, expect others will follow next week.

Interesting that their 18 month fix has Electric at 20.98p vs 22.89p for the 12 month fix (although Gas is very slightly higher but only by 0.05p).  Hopefully this is an indicator that prices are indeed going to start dropping some point next year (as Cornwall have been predicting)

bristolleedsfan

Shedman said:

molerat said:

Future prices seem to have softened slightly.  Eon have released some new tariffs today and they are slightly downwards after having risen over the past couple of weeks.  I fixed on 12mth v28 on 4th Oct at the lowest they have been for a long time, they are now on v32. Currently showing as having the 2 cheapest (no strings) available tariffs on CEC, expect others will follow next week.

Interesting that their 18 month fix has Electric at 20.98p vs 22.89p for the 12 month fix (although Gas is very slightly higher but only by 0.05p).  Hopefully this is an indicator that prices are indeed going to start dropping some point next year (as Cornwall have been predicting)

North West Region - E SC 20pish per day less on 18 month fix

Next Fixed 12m v32

Electricity	Gas
Daily standing charge	52.04p	31.76p
Unit rate	23.29p per kWh	5.75p per kWh

Next Fixed 18m v2

Electricity	Gas
Daily standing charge	31.50p	31.76p
Unit rate	25.28p per kWh	5.85p per kWh

70sbudgie

NESO report on Clean Power 2030 - what needs to be done to achieve it. (I'm still reading, so can't give a summary yet).
https://www.neso.energy/advice-achieving-clean-power-2030

MikeJXE

I skipped through another load of waffle 

Best to start writing the report now of why it didn’t happen 

QrizB

70sbudgie said:

NESO report on Clean Power 2030 - what needs to be done to achieve it. (I'm still reading, so can't give a summary yet).
https://www.neso.energy/advice-achieving-clean-power-2030

There's some coverage of it in The Guardian, for anyone who sdoesn't want to read the source report:
https://www.theguardian.com/business/2024/nov/05/britain-green-energy-system-operator-neso-green-electricity

molerat

Anything can be done if you throw enough money at it but to achieve the 2030 goal :-

Money needs to be found and the way of funding these projects needs to change

Planning needs to be reformed and moved at a faster pace

The whole grid needs updating to support the projects

Supply chain and workforce shortages / problems need to be overcome

And only 6 years to do it. Another pipe dream that won't happen in anywhere close to the suggested timescale. 

70sbudgie

The report does say that all the requirements are at the limit of possible. And if any one thing fails, the target will be missed. What we need is pace not perfection.

Behind all the snappy quotes, the way I read the report, is that clean power by 2030 is a way to give the energy industry clear actions that will contribute towards to 2050 objectives. The industry has spent the last 10 years procrastinating, this is the kick up the bum to make sure it doesn't spend the next 10 years saying it can't be done. 

It is reaching for the stars to make sure we get to the moon. Rather than sitting back and saying that it is too difficult to get to the moon. 

My biggest takeaway, though, is that it is about changing attitudes - flexibility in supply and demand, accessibility of and engagement with demand side management. We have the technology (apart from the unicorn of carbon capture and excluding the myth that is hydrogen), we just need the willing to change our behaviours to make the most of it.

MattMattMattUK

https://www.bbc.co.uk/news/articles/cq52382zd1no

An interesting bit of info on where some of the issues come from with the comms hub, largely down to the two different networks. This also seems to tie in with more smart meters overall not connecting in the northern system and although this Panorama investigation does not go into it it also touches on the issue with the rollout being voluntary, vs a roll out street by street where issues could be identified and dealt with as each street, town, city and region was switched over on mass. It could also be solved somewhat by the idea of the universal comms hub, with both radio and mobile connections and even potentially the option to use the customers own broadband connection as it an option in some other countries.