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New National Analysis on E7 Price Increase - Ave 7.6%
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MattMattMattUK said:pensionpawn said:EssexHebridean said:pensionpawn said:dunstonh said:I think you might be missing the point. Historically the ratio was more like 70:30, or even 80:20 decades ago. The point being that historically these "currently frustrated" E7 customers were on a suitable tariff for their usage profile in the past.In 2022, you could get as low as 10% night use to be better on E7 with a certain supplier but 20% upwards was more typical.
Some suppliers have certainly pushed their pricing to favour those with much higher night ratios. However, that suggests the market is more efficient than single price as it still provides choice.. You're not wrong that the E7 tariff is inappropriate for them now, that isn't being contended. So what is the impact of the changing E7 ratio, well it's migration to the single tariff and an increasing daytime demand on the grid / energy generators during an energy crisis. Surely not what Ofgen should be encouraging?E7 may still be appropriate. Just not the E7 supplier they are using. If one has a business model that wants to price for a high ratio of night use and you are a low night user then single rate may be the best option but so could be moving to a supplier that prices on a lower nigh rate ratio.
Changing from multi-rate to single rate wont change how these people use their electricity. It will just change the price they pay.
Changing from multi to single rate can change how people use their electricity based on their circumstances. I now run my appliances when it is convenient to me, which is now during the day.pensionpawn said:
If anything the E7 ratio should be changing to encourage more customers to move to E7 and hence reduce demand during the daytime peaks, which are nearing 100% of generating capacity!
E7 has benefited me for the majority of the last 26 years and I would argue that running my high power appliances over night, along with all the other E7 customers, has suppressed demand, especially during day time peak hours. This E7 ratio change will (is / has, read some other posters comments) move some demand from night to day. Time will tell whether this is just noise or a few straws on a camels back.1 -
pensionpawn said:MattMattMattUK said:pensionpawn said:EssexHebridean said:pensionpawn said:dunstonh said:I think you might be missing the point. Historically the ratio was more like 70:30, or even 80:20 decades ago. The point being that historically these "currently frustrated" E7 customers were on a suitable tariff for their usage profile in the past.In 2022, you could get as low as 10% night use to be better on E7 with a certain supplier but 20% upwards was more typical.
Some suppliers have certainly pushed their pricing to favour those with much higher night ratios. However, that suggests the market is more efficient than single price as it still provides choice.. You're not wrong that the E7 tariff is inappropriate for them now, that isn't being contended. So what is the impact of the changing E7 ratio, well it's migration to the single tariff and an increasing daytime demand on the grid / energy generators during an energy crisis. Surely not what Ofgen should be encouraging?E7 may still be appropriate. Just not the E7 supplier they are using. If one has a business model that wants to price for a high ratio of night use and you are a low night user then single rate may be the best option but so could be moving to a supplier that prices on a lower nigh rate ratio.
Changing from multi-rate to single rate wont change how these people use their electricity. It will just change the price they pay.
Changing from multi to single rate can change how people use their electricity based on their circumstances. I now run my appliances when it is convenient to me, which is now during the day.pensionpawn said:
If anything the E7 ratio should be changing to encourage more customers to move to E7 and hence reduce demand during the daytime peaks, which are nearing 100% of generating capacity!pensionpawn said:E7 has benefited me for the majority of the last 26 years and I would argue that running my high power appliances over night, along with all the other E7 customers, has suppressed demand, especially during day time peak hours. This E7 ratio change will (is / has, read some other posters comments) move some demand from night to day. Time will tell whether this is just noise or a few straws on a camels back.3 -
Regarding industrial users, I used to work for a large telecoms company. Not sure if it still happens, but as most of the major sites had diesel generators the national grid actually paid the company to run the generators to reduce load on the grid in areas where the demand at peak times was expected to exceed the available capacity. This typically happened 3--4 times a year. The added benefit of this to the company is it made sure the now very old generators got regular full-load use to ensure no nasty surprises when they were occasionally needed in an emergency blackout!0
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Scot_39 said:Dandytf said:Surprised today's new report doesn't mention White Meter Areas.
I have storage heaters 2 rate in WM area, and witnessed increase through Day use.There are several multi-rate tariffs available historically. Most - other than E7 - almost entirely abandoned for new customers with most suppliers (unless inherit an old meter on moving into a property)White meter as I remember it from my parents day - used to be a form of E7 metering at one stage - at least for the Scottish Power version in central Scotland - which gave 8 continuous hours - not 7 - off peak. The version for the WM / another supplier ?But certainly if it is a conventional multi-rate tariff (x hours off peak / x hours peak etc ) - it is (or at least the maximum price) determined by the same Ofgem cap table as E7.Most of the now failed new suppliers only ever supported SR and E7 - as did price comparison/switching sites.The last data I saw from Ofgem - c2020/21 consultation paperwork - was iirc 4m multirate users - with c0.5m spread amongst the non E7 legacy/older tariffs.E7 covers the majority of remaining multi-rate meters - and most suppliers are more open at producing the rates and actually support it - the BBC article refers to 2.5 million E7 metered customers.The Cap itself - actually not just one capThere are essentially a set of 2 domestic cap tables - on for gas / one for electric - Ofgem calculates and issues to domestec suppliers - for each of the 3 main different payment methods.The latest set are available as PDF via top link at bottom ofTabled by Ofgem as annual Standing Charge (the NIL rate) and total price for unit allowanceGas 12000kWhElectric - Single Rate 3100 kWh and Multi-rate Electric 4200kWhItself linked from the main cap announcementThe current duel fuel cap quoted total price - and so the EPG - allows for 2900kWh (not 3100kWh as tabled) of SR electric and the 12000kWh gas.PS Direct debit is actually labelled "other payment method" in these Ofgem tables.Paying at bank or by cheque after receipt of bill = standard credit etc.The EPG / discounting I believe sits relative to gas and regional average single rate electric pricing - but am willing to be proven wrong.Scot_39 said:Dandytf said:Surprised today's new report doesn't mention White Meter Areas.
I have storage heaters 2 rate in WM area, and witnessed increase through Day use.White meter as I remember it from my parents day - used to be a form of E7 metering at one stage - at least for the Scottish Power version in central Scotland - which gave 8 continuous hours - not 7 - off peak. The version for the WM / another supplier ?The Cap itself - actually not just one capThere are essentially a set of 2 domestic cap tables - on for gas / one for electric - Ofgem calculates and issues to domestec suppliers - for each of the 3 main different payment methods.The latest set are available as PDF via top link at bottom ofTabled by Ofgem as annual Standing Charge (the NIL rate) and total price for unit allowanceGas 12000kWhElectric - Single Rate 3100 kWh and Multi-rate Electric 4200kWhItself linked from the main cap announcementThe current duel fuel cap quoted total price - and so the EPG - allows for 2900kWh (not 3100kWh as tabled) of SR electric and the 12000kWh gas.PS Direct debit is actually labelled "other payment method" in these Ofgem tables.Paying at bank or by cheque after receipt of bill = standard credit etc.The EPG / discounting I believe sits relative to gas and regional average single rate electric pricing - but am willing to be proven wrong.
thanks, don't have table read time, only noticed via Smart meter that day cost is much higher in recent months for very little early morning use.
thanksReplenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb0 -
Dandytf said:Scot_39 said:Dandytf said:Surprised today's new report doesn't mention White Meter Areas.
I have storage heaters 2 rate in WM area, and witnessed increase through Day use.There are several multi-rate tariffs available historically. Most - other than E7 - almost entirely abandoned for new customers with most suppliers (unless inherit an old meter on moving into a property)White meter as I remember it from my parents day - used to be a form of E7 metering at one stage - at least for the Scottish Power version in central Scotland - which gave 8 continuous hours - not 7 - off peak. The version for the WM / another supplier ?But certainly if it is a conventional multi-rate tariff (x hours off peak / x hours peak etc ) - it is (or at least the maximum price) determined by the same Ofgem cap table as E7.Most of the now failed new suppliers only ever supported SR and E7 - as did price comparison/switching sites.The last data I saw from Ofgem - c2020/21 consultation paperwork - was iirc 4m multirate users - with c0.5m spread amongst the non E7 legacy/older tariffs.E7 covers the majority of remaining multi-rate meters - and most suppliers are more open at producing the rates and actually support it - the BBC article refers to 2.5 million E7 metered customers.The Cap itself - actually not just one capThere are essentially a set of 2 domestic cap tables - on for gas / one for electric - Ofgem calculates and issues to domestec suppliers - for each of the 3 main different payment methods.The latest set are available as PDF via top link at bottom ofTabled by Ofgem as annual Standing Charge (the NIL rate) and total price for unit allowanceGas 12000kWhElectric - Single Rate 3100 kWh and Multi-rate Electric 4200kWhItself linked from the main cap announcementThe current duel fuel cap quoted total price - and so the EPG - allows for 2900kWh (not 3100kWh as tabled) of SR electric and the 12000kWh gas.PS Direct debit is actually labelled "other payment method" in these Ofgem tables.Paying at bank or by cheque after receipt of bill = standard credit etc.The EPG / discounting I believe sits relative to gas and regional average single rate electric pricing - but am willing to be proven wrong.Scot_39 said:Dandytf said:Surprised today's new report doesn't mention White Meter Areas.
I have storage heaters 2 rate in WM area, and witnessed increase through Day use.White meter as I remember it from my parents day - used to be a form of E7 metering at one stage - at least for the Scottish Power version in central Scotland - which gave 8 continuous hours - not 7 - off peak. The version for the WM / another supplier ?The Cap itself - actually not just one capThere are essentially a set of 2 domestic cap tables - on for gas / one for electric - Ofgem calculates and issues to domestec suppliers - for each of the 3 main different payment methods.The latest set are available as PDF via top link at bottom ofTabled by Ofgem as annual Standing Charge (the NIL rate) and total price for unit allowanceGas 12000kWhElectric - Single Rate 3100 kWh and Multi-rate Electric 4200kWhItself linked from the main cap announcementThe current duel fuel cap quoted total price - and so the EPG - allows for 2900kWh (not 3100kWh as tabled) of SR electric and the 12000kWh gas.PS Direct debit is actually labelled "other payment method" in these Ofgem tables.Paying at bank or by cheque after receipt of bill = standard credit etc.The EPG / discounting I believe sits relative to gas and regional average single rate electric pricing - but am willing to be proven wrong.
thanks, don't have table read time, only noticed via Smart meter that day cost is much higher in recent months for very little early morning use.
thanks
The extra hour was probably to reflect the cooler temperatures there during day as well as at night. With extra hour giving storage heaters an extra hours charge, which helped them last until next charge.
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E7 is a legacy of Coal and nuclear when the price was steady every day, now its wind or Gas so the average over a week or year is simply far higher. ToU may eventually replace it but if it remains it will be at a higher cost than the past.0
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MattMattMattUK said:pensionpawn said:MattMattMattUK said:pensionpawn said:EssexHebridean said:pensionpawn said:dunstonh said:I think you might be missing the point. Historically the ratio was more like 70:30, or even 80:20 decades ago. The point being that historically these "currently frustrated" E7 customers were on a suitable tariff for their usage profile in the past.In 2022, you could get as low as 10% night use to be better on E7 with a certain supplier but 20% upwards was more typical.
Some suppliers have certainly pushed their pricing to favour those with much higher night ratios. However, that suggests the market is more efficient than single price as it still provides choice.. You're not wrong that the E7 tariff is inappropriate for them now, that isn't being contended. So what is the impact of the changing E7 ratio, well it's migration to the single tariff and an increasing daytime demand on the grid / energy generators during an energy crisis. Surely not what Ofgen should be encouraging?E7 may still be appropriate. Just not the E7 supplier they are using. If one has a business model that wants to price for a high ratio of night use and you are a low night user then single rate may be the best option but so could be moving to a supplier that prices on a lower nigh rate ratio.
Changing from multi-rate to single rate wont change how these people use their electricity. It will just change the price they pay.
Changing from multi to single rate can change how people use their electricity based on their circumstances. I now run my appliances when it is convenient to me, which is now during the day.pensionpawn said:
If anything the E7 ratio should be changing to encourage more customers to move to E7 and hence reduce demand during the daytime peaks, which are nearing 100% of generating capacity!pensionpawn said:E7 has benefited me for the majority of the last 26 years and I would argue that running my high power appliances over night, along with all the other E7 customers, has suppressed demand, especially during day time peak hours. This E7 ratio change will (is / has, read some other posters comments) move some demand from night to day. Time will tell whether this is just noise or a few straws on a camels back.1 -
The article even confirms it.
National Grid ESO said the measures were "precautionary" and it did not mean electricity supplies were at risk.
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pensionpawn said:MattMattMattUK said:pensionpawn said:MattMattMattUK said:pensionpawn said:EssexHebridean said:pensionpawn said:dunstonh said:I think you might be missing the point. Historically the ratio was more like 70:30, or even 80:20 decades ago. The point being that historically these "currently frustrated" E7 customers were on a suitable tariff for their usage profile in the past.In 2022, you could get as low as 10% night use to be better on E7 with a certain supplier but 20% upwards was more typical.
Some suppliers have certainly pushed their pricing to favour those with much higher night ratios. However, that suggests the market is more efficient than single price as it still provides choice.. You're not wrong that the E7 tariff is inappropriate for them now, that isn't being contended. So what is the impact of the changing E7 ratio, well it's migration to the single tariff and an increasing daytime demand on the grid / energy generators during an energy crisis. Surely not what Ofgen should be encouraging?E7 may still be appropriate. Just not the E7 supplier they are using. If one has a business model that wants to price for a high ratio of night use and you are a low night user then single rate may be the best option but so could be moving to a supplier that prices on a lower nigh rate ratio.
Changing from multi-rate to single rate wont change how these people use their electricity. It will just change the price they pay.
Changing from multi to single rate can change how people use their electricity based on their circumstances. I now run my appliances when it is convenient to me, which is now during the day.pensionpawn said:
If anything the E7 ratio should be changing to encourage more customers to move to E7 and hence reduce demand during the daytime peaks, which are nearing 100% of generating capacity!pensionpawn said:E7 has benefited me for the majority of the last 26 years and I would argue that running my high power appliances over night, along with all the other E7 customers, has suppressed demand, especially during day time peak hours. This E7 ratio change will (is / has, read some other posters comments) move some demand from night to day. Time will tell whether this is just noise or a few straws on a camels back.0 -
MattMattMattUK said:pensionpawn said:MattMattMattUK said:pensionpawn said:MattMattMattUK said:pensionpawn said:EssexHebridean said:pensionpawn said:dunstonh said:I think you might be missing the point. Historically the ratio was more like 70:30, or even 80:20 decades ago. The point being that historically these "currently frustrated" E7 customers were on a suitable tariff for their usage profile in the past.In 2022, you could get as low as 10% night use to be better on E7 with a certain supplier but 20% upwards was more typical.
Some suppliers have certainly pushed their pricing to favour those with much higher night ratios. However, that suggests the market is more efficient than single price as it still provides choice.. You're not wrong that the E7 tariff is inappropriate for them now, that isn't being contended. So what is the impact of the changing E7 ratio, well it's migration to the single tariff and an increasing daytime demand on the grid / energy generators during an energy crisis. Surely not what Ofgen should be encouraging?E7 may still be appropriate. Just not the E7 supplier they are using. If one has a business model that wants to price for a high ratio of night use and you are a low night user then single rate may be the best option but so could be moving to a supplier that prices on a lower nigh rate ratio.
Changing from multi-rate to single rate wont change how these people use their electricity. It will just change the price they pay.
Changing from multi to single rate can change how people use their electricity based on their circumstances. I now run my appliances when it is convenient to me, which is now during the day.pensionpawn said:
If anything the E7 ratio should be changing to encourage more customers to move to E7 and hence reduce demand during the daytime peaks, which are nearing 100% of generating capacity!pensionpawn said:E7 has benefited me for the majority of the last 26 years and I would argue that running my high power appliances over night, along with all the other E7 customers, has suppressed demand, especially during day time peak hours. This E7 ratio change will (is / has, read some other posters comments) move some demand from night to day. Time will tell whether this is just noise or a few straws on a camels back.0
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