Gas vs Oil price increase per unit (kWh) with the New Price Cap Increase

BUFF

That was then & averaged across the year. As you know it's changing daily atm.
Roll on August 26th when we get some certainty for 3 months.

pochase

Sorry, I was referring to the OP with the 70% increase for October @BUFF

Alfster

pochase said:

Here are the KWh prices based on CU predicitions for reference.

As @buff much worse than you thought.

Thanks for this. That gas unit price of nearly 19p is unreal given it was 4p in March. 

shinytop

Alfster said:

pochase said:

Here are the KWh prices based on CU predicitions for reference.

As @buff much worse than you thought.

Thanks for this. That gas unit price of nearly 19p is unreal given it was 4p in March. 

Unfortunately it is real.

QrizB

Alfster said:

shinytop said:

I think oil (and LPG) will follow gas and electricity upwards and won't end up significantly cheaper. 

Yeh it’s annoying they make so much information available for gas and electricity forecasting but nothing for kerosene.

The price of kerosene is not directly related to the price of natural gas. Kerosene is used for lots of things besides heating (jet fuel, as an example) and is much easier to transport.

Currently, LPG is cheaper per kWh than natural gas is. That's likely to remain the case for the next 12 months or more. Kerosene is a similar price to natural gas but is unlikely to rise as much in October.

NG at 15p/kWh is equivalent to LPG at ~£1.05/litre or kero at £1.50/litre. (And that gives an idea of how tough this coming winter will be for people with NG heating.)