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Energy price cap to rise to £2,800 in October: OFGEM Chief Exec

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Comments

  • Benny2020
    Benny2020 Posts: 525 Forumite
    100 Posts Second Anniversary Name Dropper
    Some people think because solar is not a complete answer then it is of no use what so ever.
    My 3.5 kwh a day in January and December is enough to cover my daytime needs and at this time of the year my usage from the grid is down to 1.5 kwh a day. Also get £70 a month FIT payments.
  • markin
    markin Posts: 3,860 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Building Gas storage on a large scale and millions of homes off gas 8 months a year would mean the uk would be less reliant on Norways 30% import.
  • Benny2020
    Benny2020 Posts: 525 Forumite
    100 Posts Second Anniversary Name Dropper
    We have massive amounts of oil and gas reserves here but local councils will not allow drilling/extraction.
  • Alnat1
    Alnat1 Posts: 3,880 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    I reckon this is scaremongering by the energy companies so more people will opt for the oh so expensive fixed rates being offered.
    Barnsley, South Yorkshire
    Solar PV 5.25kWp SW facing (14 x 375) Lux 3.6kw hybrid inverter installed Mar 22 and 9.6kw Pylontech battery 
    Daikin 8kW ASHP installed Jan 25
    Octopus Cosy/Fixed Outgoing 
  • agentcain
    agentcain Posts: 148 Forumite
    Third Anniversary 100 Posts Name Dropper
    Benny2020 said:
    Some people think because solar is not a complete answer then it is of no use what so ever.
    My 3.5 kwh a day in January and December is enough to cover my daytime needs and at this time of the year my usage from the grid is down to 1.5 kwh a day. Also get £70 a month FIT payments.
    I agree with you. Solar has its use. I believe the answer lies in diversification. Solar would benefit countries with more sunshine than the UK but the UK South could also benefit to a certain extend. However, policies should be introduced to assist those who cannot place solar panels, either because they can't afford them or simply because they are not allowed to, like renters.
  • sammyjammy
    sammyjammy Posts: 7,962 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Benny2020 said:
    We have massive amounts of oil and gas reserves here but local councils will not allow drilling/extraction.
    Damn right they don't., long may it stay that way.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • Benny2020
    Benny2020 Posts: 525 Forumite
    100 Posts Second Anniversary Name Dropper
    Benny2020 said:
    We have massive amounts of oil and gas reserves here but local councils will not allow drilling/extraction.
    Damn right they don't., long may it stay that way.
    But you are happy to import oil and gas from Norway and Russia in polluting tankers?
    It makes no sense.
  • Ultrasonic
    Ultrasonic Posts: 4,265 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Alnat1 said:
    I reckon this is scaremongering by the energy companies so more people will opt for the oh so expensive fixed rates being offered.
    It's not. This came from OFGEM, and there is a specific calculation that determines the new price cap rather than it being something that the energy supply companies concoct.
  • QrizB
    QrizB Posts: 18,475 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Best hope for a mild winter.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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