Gas Prices

[Deleted User]

Ofgem has recently reviewed business contracts and, inter alia, made some changes to standing charges. I confess that I have no idea how these changes impact businesses or business resale of energy. It would seem to suggest that standing charges will be higher and unit costs lower:

Gerry1

Scot_39 said:

As to market pricing trends - then 

The good news - is your rate has fallen 5p/kWh

Nope.  It went UP from 1.735p/kWh to 12.4302p/kWh. ☹️

confusedoldie said:

I pay 0.1243020 (£/kWh). Daily standing charge 0.16353
Last year it was 0.017350.  Standing charge 0.15816

QrizB

MultiFuelBurner said:

Doesn't adding in Octopus  tracker rates just confuse the poor OP who is effectively stuck on a business contract and can never ever get those rate?

Sort of rubbing salt in the already open wound and I can't for the life of me see how that helps.

Very weird

OP stared by asking about wholesale gas rates, which tends to lead to people mentioning Tracker (which follows wholesale prices).

Might not be the info (s)he was looking for, but it's understandable.

Scot_39

Gerry1 said:

Scot_39 said:

As to market pricing trends - then 

The good news - is your rate has fallen 5p/kWh

Nope.  It went UP from 1.735p/kWh to 12.4302p/kWh. ☹️

confusedoldie said:

I pay 0.1243020 (£/kWh). Daily standing charge 0.16353
Last year it was 0.017350.  Standing charge 0.15816

I read that and thought got to be a typo.

So took a zero out.

Even before the Ukraine Russian ban gas was higher than figure as typed.

Gerry1

Scot_39 said:

Gerry1 said:

Scot_39 said:

As to market pricing trends - then 

The good news - is your rate has fallen 5p/kWh

Nope.  It went UP from 1.735p/kWh to 12.4302p/kWh. ☹️

confusedoldie said:

I pay 0.1243020 (£/kWh). Daily standing charge 0.16353
Last year it was 0.017350.  Standing charge 0.15816

I read that and thought got to be a typo.

So took a zero out.

Even before the Ukraine Russian ban gas was higher than figure as typed.

I don't know about business rates, but back then I was paying only a whisker above 1p/kWh for gas, so presumably 1.735p wasn't impossible.

Perhaps @confusedoldie can advise?

Scot_39

[Deleted User] said:

QrizB said:

Scot_39 said:

Or a good site to look back historically - for both gas and electric market pricing - that you don't have to be a customer or register for etc.

You can see historical Agile and Tracker prices charted for the past year at on the energy-stats site, and I think you can download the underlying data. It's then relatively easy to convert those back to the raw wholesale prices.

Past performance is clearly no indication of future trends but the 365 day graph is quite revealing:

Credit: EnergyStats UK

Is that agile min max time weighted average electric  ?

Struggling to read too accurately right now (on phone on bus.)

And guess with and without EPG protection causing the max price spikes from July 1 as pricing deadzone went (before 1/2 hrly which would have been c33 to c50 paid c33p iirc [on the EPG floor discount basis] what would have been 55 paid 38 etc [on the max discount basis])

And the I guess c83p Dec low wind spike would be £1 - assuming epg  17p applied after Octopus cap.

Not sure how got to under 80 in Aug yet.  Did Octopus £1 cap only go up in steps and to £1 after EPG ?

Scot_39

MultiFuelBurner said:

Doesn't adding in Octopus  tracker rates just confuse the poor OP who is effectively stuck on a business contract and can never ever get those rate?

Sort of rubbing salt in the already open wound and I can't for the life of me see how that helps.

Very weird

Op has had his answer.

But certainly could still use tracker or Agile for electric.

And other community heat posters even have own gas - so pay upto 3 bills.

MultiFuelBurner

Scot_39 said:

MultiFuelBurner said:

Doesn't adding in Octopus  tracker rates just confuse the poor OP who is effectively stuck on a business contract and can never ever get those rate?

Sort of rubbing salt in the already open wound and I can't for the life of me see how that helps.

Very weird

Op has had his answer.

But certainly could still use tracker or Agile for electric.

And other community heat posters even have own gas - so pay upto 3 bills.

His(he)? Wow that's some antiquated thinking right there. Still you mighty lucky and be right 😂😂