Energy news in general

JKenH

https://forums.moneysavingexpert.com/discussion/comment/82125143#Comment_82125143

But for those lucky enough to be able to export electricity, the current crisis is most probably working to our benefit in keeping the export rate up. And of course, if it weren’t for domestic energy prices rising, would we have seen the £150 reduction in bills and the removal of VAT? In March I was paying around 8.5p/kWh for import and in April that dropped to 5p. (From October it will drop to 4.76p as the VAT is removed.)

As it happens I don’t use my battery to buy at cheap rate and export at peak rate but if I did then I would have seen my margin double from 3.5p to 7p/kWh. In practice I still get the benefit of a virtual battery banking surplus solar export with Octopus at 12p and buying it back at 5p. Come winter I expect to have to buy some back at the higher rate but for me, and I suspect many others with solar and batteries on this board, the recent energy crisis hasn’t been the financial disaster it has for many less fortunate.

So no crocodile tears here.