Average cost for electricity is £200.79 per MWh

kdruce

Hi,

 I can see the Average cost for electricity is average cost for electricity is £200.79 per MWh for the year. This takes into account the ups and downs of the renewable energy and also the fossil fuels and does take it data from the national grid. To see this data see the website “grid.iamkate.com”.

It seems to me that someone is profiteering and I really do not know how to get them to reduce their costs. I know that gas has gone up but I can see the average cost is lower if you take into account our overall energy mix.

Any ideas how to encourage people to give the general public a fair price for the electricity they use?  Please don’t tell me to talk to my MP because he’s useless.

here is the website:-



Regards Kevin.

markin

The normal price is £30-60 per MWh, a long way to go to return to Normal, if ever.

kdruce

I appreciate what you are saying but that is not what is show as the cost on from national grid data.

[Deleted User]

kdruce said:

I appreciate what you are saying but that is not what is show as the cost on from national grid data.

Change to Octopus Agile and you will benefit immediately from the temporary drop in electricity prices - and you might get paid for using energy. Tonight’s prices: 

kdruce

Thanks, I am nervous about going to octopus as I get fit solar payments and my understanding is that octopus are not very good at administering fit.

[Deleted User]

kdruce said:

Thanks, I am nervous about going to octopus as I get fit solar payments and my understanding is that octopus are not very good at administering fit.

Your supply and solar contracts are not linked. You can switch your supply contract to Octopus and leave your FIT contract with your present payer.

Transferring your FIT contract to Octopus might have advantages. You can agree to forego the 50% deemed export element in favour of SEG for every kWh of solar exported. Octopus pays 15p/kWh for exported solar (and more if you elect for Octopus Agile Outgoing (variable).

kdruce

Cheers I will look into that.

BUFF

kdruce said:

Hi,

 I can see the Average cost for electricity is average cost for electricity is £200.79 per MWh for the year. This takes into account the ups and downs of the renewable energy and also the fossil fuels and does take it data from the national grid. To see this data see the website “grid.iamkate.com”.

It seems to me that someone is profiteering and I really do not know how to get them to reduce their costs. I know that gas has gone up but I can see the average cost is lower if you take into account our overall energy mix.

Any ideas how to encourage people to give the general public a fair price for the electricity they use?  Please don’t tell me to talk to my MP because he’s useless.

here is the website:-



Regards Kevin.

You are not just paying on your bill just for the power that you use though but also infrastructure, eco obligations etc.
Typically the wholesale cost of the electricity only accounts for ~35% of the consumer bill & on domestic supply the energy companies are constrained to a minimal profit if they even manage to make that.

Obviously somewhat out of date but as an example of a historic breakdown https://sse.co.uk/help/energy/gas-electricity-bill-payment/bill-price-breakdown

DeeQS

So a £200 mw/h is 20p kw/h + 65% = 33p which isn’t too far off the EPG.

Mstty

DeeQS said:

So a £200 mw/h is 20p kw/h + 65% = 33p which isn’t too far off the EPG.

Not quite if 20p is the wholesale price for 1 kWh of electricity and represents 35% of the cost of delivering the energy to a house then the actual cost is 57.14p kWh for electricity.

Scot_39

@kdruce said:

Hi,

 I can see the Average cost for electricity is average cost for electricity is £200.79 per MWh

markin said:

@markin said

The normal price is £30-60 per MWh, a long way to go to return to Normal, if ever.

Thanks for the link

Good to see France able to export their nuclear - 3GW electric - at 2pm today - again and wind producing far in excess of its annual average.  SO using less expensive gas at this point anyway.

And markin

If users scroll down that page - they can see past week, past year and all time ( well last 10 years) - which lines up pretty much with your range of figures.

Question

 

Does anyone know what the definition of price here is - is that just the market spot rate - or the actual mix of all - spot rate, week ahead, x months ahead long term hedged fixes etc ?