Cap …. is both electric and gas rising by the same percentage?

uk1

I haven’t been able to find the answer to this … undoubtedly someone here will know!

The assumed rate of the typical household is the headline increase,  but is gas rising by the same percentage as gas?

Thanks

Mstty

No as can be seen below 

An average as regional variations apply.

114% rise for gas prices

85% rise for elec prices

uk1

Thanks for that.  Most interesting.  Easy to get sucked in by the headline and not try and gauge changes to personal circumstances.

As a house with oil central heating, a gas hob and just residual use of electric then I guess this must mean I’m losing less than most when our fixed contact ends.  

I feel so sorry for those on gas central heating.

Vincero

The reality is that, as long as you have an efficient enough boiler, gas central heating will still be cheaper than any electrical space heating methods due to the lower price/kWh.
Until renewables start turning the tables in terms of the UK energy mix and gas isn't contributing like 60+%, it will continue to be this way.

But yes heating a home, regardless of which form of energy you use, will essentially get 2x as expensive. I expect that the heating oil prices will rise also (as is common towards the end of the year), especially if businesses that can switch to using it if it's cheaper than business rate gas.

uk1

Not quite regardless of which fuel is used, but I agree with your general drift.

If you heat a home with gas your monthly bills will rise by 30% more than if heated by electric so some will feel more pinched than others.  People are more concerned about their monthly outlay than efficiency because they are unlikely to change heating hardware investment.  

Heating oil prices will go up but the prices of heating a large home by oil seems a lot cheaper than gas.  I paid 26p a litre 18 months ago and 60p in February and just paid 84p this week.  So I will be heating a large home for around £1100 over the next year compared to around £500’ish a couple of years back.  And I can choose to get it bulk delivered during summer when the offers are a bit better.   A few years ago there was a moment when oil was being delivered virtually free.  My kiln dried logs haven’t risen in price for several years  and I always have two years stacked.  But my knees are no longer designed for stacking!

Vincero

I assume if you can avoid purchasing oil at peak winter prices, there is a significant saving to be made..?

savers_united

Maybe heating oil will be next to see a large spike as more households and businesses across Europe are likely where its feasible to switch to using it. They may even be encouraged where countries are trying to wean themselves off Russian Gas. 

uk1

Vincero said:

I assume if you can avoid purchasing oil at peak winter prices, there is a significant saving to be made..?

In  principle it seems to me that most people fill up in autumn if they have a larger tank and a few times a year if they have a smaller tank.  We have a 2500 litre tank so fill up in mid summer when it seems that the oil delivery companies simply want to take cash and pay for drivers and overheads by reducing their margins and competing for a smaller number of customers. I belong to a village oil club and we also seem to save a little because a tanker delivers to several close properties at a time.  

I have long since tried to predict prices.  They go down nearly as often as they go up.  The prices per litre seem to be more stable overall than gas or electric.  To be honest I have always liked the idea of gulping and paying for a 1000 to 1500 litres per delivery and knowing its fixed and over with for a while. 

This is RPI adjusted oil costs over 10 yers.

https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/kj5u/mm23

uk1

For anyone interested I've pasted below what we've bought through the village club over the last 10 years or so.

You can see that in January this year I paid a little less per litre than I did in January 2013.

Order Date	Delivery Date	Qty (litres)	Unit price Ex Vat	Total price paid
20/08/22	29/08/22	957	£0.845	£887.04
31/01/22	03/02/22	1000	£0.603	£632.63
24/07/21	29/07/21	900	£0.421	£397.66
06/02/21	24/02/21	700	£0.418	£306.86
17/10/20	27/10/20	500	£0.260	£136.24
29/02/20	16/03/20	500	£0.373	£195.56
04/01/20	15/01/20	800	£0.503	£422.10
15/06/19	26/06/19	500	£0.452	£237.30
15/06/19	No date set	500	£0.452	£0.00
01/02/19	No date set	1500	£0.489	£0.00
27/01/19	No date set	1500	£0.000	£0.00
14/04/18	28/04/18	1500	£0.516	£812.39
03/03/17	18/03/17	1000	£0.412	£432.08
24/06/16	09/07/16	800	£0.310	£260.32
22/01/16	06/02/16	800	£0.230	£192.78
26/06/15	06/07/15	1401	£0.361	£531.05
01/08/14	15/08/14	600	£0.502	£316.26
26/06/14	No date set	500	£0.000	£0.00
15/02/14	28/02/14	1003	£0.533	£561.33
05/07/13	17/07/13	1700	£0.549	£979.97
02/05/13	20/05/13	500	£0.540	£283.45
31/01/13	11/02/13	500	£0.610	£320.20
Completed order totals:		15661		£7,905.19