Confused about situation here after price cap change

Qyburn

mrodent33 said:

I don't agree with your assertion "that doesn't increase the amount". 

My point is that Octopus and others are buying from renewable sources that already exist. You dont agree, so do you think that these generators would shut down if that wasn't the case, or would they carry on generating anyway and selling to suppliers who don't care if it's renewable or not?

iamparakeet

Anyone know if British Gas is likely to lower tariffs accordingly, and when? My tariff-switch estimate with them is basically the same as when I ran it two weeks ago.

MWT

robertandrews said:

Anyone know if British Gas is likely to lower tariffs accordingly, and when? My tariff-switch estimate with them is basically the same as when I ran it two weeks ago.

Nothing has changed yet, so you should not expect to see changes now.

Typically the suppliers start to show tariffs at the new rate much closer to effective date (1st October).

[Deleted User]

Qyburn said:

mrodent33 said:

I don't agree with your assertion "that doesn't increase the amount". 

My point is that Octopus and others are buying from renewable sources that already exist. You dont agree, so do you think that these generators would shut down if that wasn't the case, or would they carry on generating anyway and selling to suppliers who don't care if it's renewable or not?

From the Octopus website:

‘Ofgem approved renewable energy certificates

Official certificates such as 'Renewable Energy Guarantee of Origin' (REGO) certificates are crucial in the UK's energy system – used by all greener energy suppliers to certify and track the renewable power flowing through the nation's wires, and give funding directly to UK green producers.

We buy enough of these alongside energy on the open market to cover all our customers' energy, which pumps even more investment into UK renewable generationr.

Octopus is working hard to increase the proportion of energy that it gets from renewables but as it buys REGOs it cannot claim to be truly Green.’

https://www.goodenergy.co.uk/business/insights/renewable-energy-certificates-explained/

mrodent33

@QrizB Useful link. On the subject of REGOs, even Ecotricity (grudgingly) says this:

"Trading green energy and certificates has a role to play, though. Creating demand increases the value of green energy and incentivises building more sources of it. In theory."

I also looked into solar panels recently. I'm quite angry at the failure of this bunch of estate agent spivs who call themselves the UK government to make this option more viable: at the time of the year when generating most power, i.e. sunny months, you get paid some piddling sum like 4 p / kWh. When you actually need LX in the winter you're paying 30 p. The original "feed-in tariff" of 2010 paid you an eye-watering 41.3 p / kWh, allegedly for 20 or 25 years after installation.

Amazing though, I just got a quote from Good Energy: 30 p / kWh, 34 p / day. No exit fee. Seriously thinking now of switching to one of these 3 OFGEM-exempt suppliers.

Qyburn

Dolor said:

From the Octopus website:

I knew most of that but thanks anyway. It doesn't appear to contradict anything I wrote.

[Deleted User]

Qyburn said:

Dolor said:

From the Octopus website:

I knew most of that but thanks anyway. It doesn't appear to contradict anything I wrote.

I am not suggesting it does. It was aimed at those who think that all the energy that they get through their pipes and wires is from renewable sources.