Tariff due for renewal please help!

FreeBear

Deleted_User said: Fixes offered in the future might be higher or lower than the fixes on offer today - it entirely depends on what happens in the global fuel supply market and the policy of national governments across the world.

With the news this evening that the Nordstream pipeline is going to shut down for an unspecified time, it can only mean gas prices rising even higher. Whilst the UK uses very little Russian gas, much of Europe is dependent on it. So they will be looking for other sources (the same ones the UK uses), and so the prices will rise.

I have a nasty feeling that the January price cap is going to be significantly higher than the pundits are currently predicting.

Aside from trying to cut back on usage, the best thing most of us can do is to insulate our homes and plug all those nasty cold draughts.

@bootcutboy - How much insulation do you have up in your loft ?

The minimum recommended level is 270-300mm. If you are significantly less than that, grab a few rolls of glassfibre loft insulation from B&Q - It isn't too difficult to install if you are reasonably fit & mobile.

markin

How new is the boiler, how old was the the old one, Hopefully you will be getting some saving from the new boiler that the yearly estimate hasn't yet been accounted for.

Trynsave2

FreeBear said:

Deleted_User said: Fixes offered in the future might be higher or lower than the fixes on offer today - it entirely depends on what happens in the global fuel supply market and the policy of national governments across the world.

With the news this evening that the Nordstream pipeline is going to shut down for an unspecified time, it can only mean gas prices rising even higher. Whilst the UK uses very little Russian gas, much of Europe is dependent on it. So they will be looking for other sources (the same ones the UK uses), and so the prices will rise.

I have a nasty feeling that the January price cap is going to be significantly higher than the pundits are currently predicting.

Aside from trying to cut back on usage, the best thing most of us can do is to insulate our homes and plug all those nasty cold draughts.

@bootcutboy - How much insulation do you have up in your loft ?

The minimum recommended level is 270-300mm. If you are significantly less than that, grab a few rolls of glassfibre loft insulation from B&Q - It isn't too difficult to install if you are reasonably fit & mobile.

But didn't I see that some of the bigger EU countries were now at c.85% storage capacity? Wouldn't that translate into a reduction in panic demand whereby everyone is grabbing at any resources available? Granted, these stores are constantly being depleted and could be hit hard if the winter is cold, but surely once they're topped up the overall demand should fall?

xeny

Trynsave2 said:

But didn't I see that some of the bigger EU countries were now at c.85% storage capacity? Wouldn't that translate into a reduction in panic demand whereby everyone is grabbing at any resources available? Granted, these stores are constantly being depleted and could be hit hard if the winter is cold, but surely once they're topped up the overall demand should fall?

The plans to date for how Europe's winter will go are predicated on Nordstream remaining at 20% flow rates. The sums are going to be rather different now. The question is how long it stays closed.

pochase

Without Nord Stream the Gas storage is no longer increasing, it will now start to go down as it will be used by for example industry.