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Electricity costs going up but why is SEG staying so low?

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Comments

  • ispookie666
    ispookie666 Posts: 1,199 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Unless we have a smart grid with smart meters (which function properly) resulting in more and more consumers and generators moving to Octopus like companies, the SEG is not going to increase. 
    “Don't raise your voice, improve your argument." - Desmond Tutu

    Solar - 9.2 KWp + Enphase IQ7+ and IQ8AC (Feb 22 & Sep 24) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
    Vaillant Arotherm + 10KW A2W Heat Pump + Open energy monitoring
  • nologo
    nologo Posts: 213 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Good news from Octopus,  now 7.5p kw. 

    nologo
    Deepest Kent. 4.6kW Growatt inverter, solar i boost+ 5.9kW Solar Edge

    ok so far...
  • Meatballs
    Meatballs Posts: 587 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    nologo said:
    Good news from Octopus,  now 7.5p kw. 

    nologo
    4.1p...

    7.5p is the new off-peak Go price...
  • QrizB
    QrizB Posts: 22,654 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    edited 31 January 2022 at 9:47PM
    Meatballs said:
    nologo said:
    Good news from Octopus,  now 7.5p kw. 

    nologo
    4.1p...
    7.5p is the new off-peak Go price...
    4.1p is the Octopus SEG rate, if you get your electricity from AN Other supplier (or Go / Go Faster).
    7.5p is the Outgoing Fixed rate for Octopus electricity customers (not Go / Go Faster).
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • JKenH
    JKenH Posts: 5,402 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    It would make sense if SEG prices were linked to the time of year (like a simpler version of Agile) . A unit exported in December or January is worth more to the grid than one in May or June. 
    Northern Lincolnshire. 7.8 kWp system, (4.2 kWwest facing panels , 3.6 kWeast facing), Solis inverters installed 2018, 5kW SSE facing system (shaded in afternoon) added in 2025 with Tesla PW3 battery, Mitsubishi SRK35ZS-S and SRK20ZS-S Wall Mounted A2A Heat Pumps, ex Nissan Leaf owner.
  • Spies
    Spies Posts: 2,279 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    If you're on Octopus and not to Go tariff, it makes no sense to not be on the Agile Outgoing tariff, average unit price is typically over 20p!
    4.29kWp Solar system, 45/55 South/West split in cloudy rainy Cumbria. 
  • Meatballs
    Meatballs Posts: 587 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    QrizB said:
    Meatballs said:
    nologo said:
    Good news from Octopus,  now 7.5p kw. 

    nologo
    4.1p...
    7.5p is the new off-peak Go price...
    4.1p is the Octopus SEG rate, if you get your electricity from AN Other supplier (or Go / Go Faster).
    7.5p is the Outgoing Fixed rate for Octopus electricity customers (not Go / Go Faster).
    Ah apologies I stand corrected :) 
  • Martyn1981
    Martyn1981 Posts: 15,751 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Article on SEG prices and a table of current rates:

    SEG tariffs under review: How have they changed in their first two years amidst market turmoil


    Mart. Cardiff. 8.72 kWp PV systems (2.12 SSW 4.6 ESE & 2.0 WNW). 28kWh battery storage. Two A2A units for cleaner heating. Two BEV's for cleaner driving.

    For general PV advice please see the PV FAQ thread on the Green & Ethical Board.
  • 2nd_time_buyer
    2nd_time_buyer Posts: 807 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    ... what will be interesting will be to see if anyone responds to Octopus's recent increase. That would be a sign of a healthy market.
  • Screwdriva
    Screwdriva Posts: 1,755 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    7.5p to buy and 30p to sell? Seems terribly unfair and is the perfect example of a need for government intervention
    -  10 x 400w LG Bifacial + 6 x 550W SHARP BiFacial + 2 x 570W SHARP Bifacial + 5kW SolarEdge Inverter + SolarEdge Optimizers. SE London.

    -  Triple aspect. (33% ENE.33% SSE. 34% WSW)

    -  Viessmann 200-W on Advanced Weather Comp. (The most efficient gas boiler sold)

    Feel free to DM me for help with any form of energy saving! Happy to help! 
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