Energy news in general

tghe-retford

tghe-retford said:

Sea_Shell said:

News coming out of Germany this morning won't be good for wholesale prices.

The plan to get unfriendly countries to pay in roubles for gas has been delayed according to numerous sources including BILD and Reuters. That may also impact the wholesale price in Europe. And it is expected that the same plan will be expanded to other exports from Russia and other nations as well.

Now confirmed in the last couple of hours that it will apply from tomorrow. All eyes on the reaction from European countries and the wholesale price.

Ultrasonic

tghe-retford said:

tghe-retford said:

Sea_Shell said:

News coming out of Germany this morning won't be good for wholesale prices.

The plan to get unfriendly countries to pay in roubles for gas has been delayed according to numerous sources including BILD and Reuters. That may also impact the wholesale price in Europe. And it is expected that the same plan will be expanded to other exports from Russia and other nations as well.

Now confirmed in the last couple of hours that it will apply from tomorrow. All eyes on the reaction from European countries and the wholesale price.

BBC article confirming this: https://www.moneysavingexpert.com/news/2022/03/martin-lewis--why-your-energy-bills-might-be-increasing-by-more-/

wakeupalarm

Gas prices dropped 22% today, their lowest level since 17 September 2021.

QrizB

wakeupalarm said:

Gas prices dropped 22% today, their lowest level since 17 September 2021.

I came here to say the same, that gas for May is under 200p/therm and Jun-Oct are under 230p/therm. Even next winter is under 240p.

Let's hope the price continues to soften

GingerTim

https://www.theguardian.com/business/2022/apr/14/energy-bills-forecast-to-remain-above-2000-in-blow-to-sunaks-loan-scheme

Energy bills will stay well above £2,000 for two more years, according to leading analysts, who warned that prolonged high prices threaten the chancellor Rishi Sunak’s loan scheme to help households cope with sky-high gas prices amid the mounting cost of living crisis.

Cornwall Insights, which predicted the recent 54% rise in the cap on average energy bills to £1,971, said it had increased its forecasts for upcoming changes to the ceiling, which is determined by the energy regulator, Ofgem.

It warned that prices staying higher for longer would undermine Sunak’s plan to ease the pressure on household finances by giving bill payers a one-off £200 discount on bills, paid back in £40 instalments over five years.

Cornwall left its prediction for the coming winter unchanged, estimating that the price cap will hit £2,607, meaning households will have seen their bills double in the space of a year. While it expects the cap to fall from that record high, it no longer expects a significant drop.

Its forecast for the winter period starting in 2023 is now £2,284, up from a prediction of £2,040 made at the end of March. Cornwall analysts believe the price cap will still be as high as £2,233 by spring 2024.

The change comes after gas prices stopped dropping sharply and began to level off, with the risk now weighted towards further increases.

wild666

Pensioners will be walking around shops buying nothing rather than putting the heating on at home making the best use of their bus passes. The more the price of heating goes up the more people will use department stores as a way of keeping themselves warm during the daytime and going to bed early to keep warm.

Shedman

Is the Octopus gas tracker price on Guy Lipman's site correct for today....its showing 2.9 kWh wholesale, around 4.5p retail??   

QrizB

Shedman said:

Is the Octopus gas tracker price on Guy Lipman's site correct for today....its showing 2.9 kWh wholesale, around 4.5p retail??   

That's the live price on Octopus's site too. I posted it in the Octopus feedback thread.

Shedman

Wow quite a drop from yesterday and previous days figures....driven by a huge drop in demand due to the good weather at moment perhaps?  Be nice if we could get back to that level (or below) on a long term basis 

StartledJesus

Ofgem and the stable door

https://www.choose.co.uk/news/2022/energy-regulator-opens-reviews-suppliers/