Renewable Energy

alfin

Anyone know why my electricity bill is increasing, despite it being 100% renewable? It shouldn’t be affected by the gas price increase. 

Phlik

Electricity prices are set by the market rate, how it was generated is irrelevant. There's still lots of gas powered stations in use so it does affect electricity prices.

PRAISETHESUN

https://forums.moneysavingexpert.com/discussion/6337662/new-member-read-this-first-please

Flight3287462

Because you are not 100% renewable, that is just a marketing gimmick.  You get the same mix of electricity as everybody else.

Verdigris

Flight3287462 said:

Because you are not 100% renewable, that is just a marketing gimmick.  You get the same mix of electricity as everybody else.

Although the actual electrons are the same, a lot a the renewableness is achieved by carbon off-setting. The exception is with the "real" green suppliers, like Ecotricity and Good Energy, but they are not subject to the Ofgem cap and are even more expensive than anybody else, at present.

wild666

My electric is 100% renewables but I guess they are charging the higher rates of gas produced electricity.

QrizB

Welcome to the forum.

Here is an article at The Conversation that explains it in more detail than I can:

https://theconversation.com/renewables-are-cheaper-than-ever-so-why-are-household-energy-bills-only-going-up-174795