- This topic has 122 replies, 5 voices, and was last updated 2 years, 1 month ago by
.
Hi all,
Just to confirm, after discussion with energy provided few weeks back now (sorry forgot to update here) that they initially said I was on a fixed price so rate is fixed and wouldn’t drop, I then pointed them to there website webpage paragraph which indicates *some* fixed tariffs would see unit prices dropped by a certain amount or to the new gov cap rate. They then apologised and said they were not aware of it or there colleagues but now they are and could confirm mine would be dropped *BUT* only for 3 months to the gov cap rate as that is all they have agreed with the government so far so will wait and see what happens after 3 months.
But good news is now paying 10.3p for gas. As said Elec isn’t affected as that is on a fixed deal for a while back and ends next year so that’s still significantly cheaper than the gov cap rate so will see what happens in March 2023 to see if prices come down any or continue to go up.
From the looks for things at the moment, I can’t see then dropped much, if at all
Kev
Liked by:You need to login in order to vote
But good news is now paying 10.3p for gas. Kev
great news on the rate even if it is for just for a few months 👍
In a completely sane world, madness is the only freedom (J.G.Ballard).
Liked by:You need to login in order to vote
Nightmare all this is
Below taken from the Ofgem website, in essence, prices are falling and the price cap is/will be moving in the right direct.
My dual fuel contract finishes mid June, so will see if Ofgem intervene again and then hop on a fixed 12 month contract from July onward when cost cap may be reduced to around £2,014/yr – ‘hopefully’.
For yourself, you are a bit stuck and will have to wait until a descent fixed price tariffs arrive around June/July, but it would be interesting to see what Octopus options are when they get back to yourself ?
Martin Lewis thread below is an interesting read with predictions, if you have not seen it already ?
https://www.moneysavingexpert.com/utilities/energy-price-guarantee/
—
Energy regulator Ofgem has today (Monday 27 February 2023) announced its quarterly update to the energy price cap for the period 1 April – 30 June 2023.
From 1 April the energy price cap will be set at an annual level of £3,280 for a dual fuel household paying by direct debit based on typical consumption, a reduction of almost £1,000 from the current level, of £4,279 which reflects recent falls in wholesale energy prices.
In a completely sane world, madness is the only freedom (J.G.Ballard).
You need to login in order to vote
Forgot to ask, what does Octopus quote you at the moment with their online quote tool.
I just ran a quick quote and monthly charge (flexible) was £209 for myslef and no option for fixed contract
In a completely sane world, madness is the only freedom (J.G.Ballard).
You need to login in order to vote
Sounds like the best option to stay where you are into April, according to Martin Lewis graph at least.
New Current Price Guarantee from 1 Apr 23 will be £3,000/yr (Duel Fuel) so well worth a look then, but prices will be lower again in July to around £2000 (ish) or so it is believed ?
But the rumours do keep changing and have not heard any positive rumours about an announcement on the 15th (budget) of this month, but fingers crossed, as always
In a completely sane world, madness is the only freedom (J.G.Ballard).
You need to login in order to vote
From what I understand, New Gas boilers are generally hydrogen-blend ready but non are currently suitable for 100% Hydrogen currently.
Taken from British Gas website:
Stage 1: – New boilers will be built to a new ‘hydrogen-ready’ standard, which means they’ll work with natural gas but can also be easily modified to run on 100% hydrogen. According to some industry estimates, these boilers should be available from 2023-2025.
Stage 2: – A 20% hydrogen blend will be introduced into the gas supply. Most boilers will be able to use this as normal – including all new British Gas boilers. The rollout of 20% hydrogen isn’t expected to begin until 2028 at the very earliest.
Stage 3: – When the gas supply switches to 100% hydrogen, every new boiler sold in the UK will simply be a hydrogen boiler. This is the ultimate goal, but it probably won’t happen until the mid-2040s.
https://www.britishgas.co.uk/the-source/greener-living/hydrogen-boilers.html
Air Source vs. Ground Source Heat Pumps
Air source and ground source heat pumps absorb heat from renewable sources – compressing this heat into a higher temperature for heating and hot water.
Air source heat pumps:
Air source heat pumps use heat energy from the air to ‘pump’ higher temperature heat into a building. The efficiency of an air source heat pump varies across the seasons and time of day. They can be especially problematic in winter because when you need heating the most, the air – its source of energy – is at its coldest, and the unit will require more electricity to operate efficiently.The true efficiency of air source heat pumps can be difficult to ascertain. Their performance in test conditions is usually based on an inlet temperature of 7°C, which is not realistic, as the air temperature fluctuates. On the other hand, ground source heat pumps are tested by their performance with an inlet temperature of 0°C – representing true climate conditions.
Ground source heat pumps:
The ground can maintain temperatures of 10-12°C all year, which means the average ground temperature in winter will always be significantly warmer than the average air temperature. As a result, the source temperature for a ground source heat pump on the coldest day can be up to 15°C warmer than the cold air coming into an air source heat pump.This means no unexpected spikes in electricity use, as a ground source heat pump does not have to work as hard to upgrade the source’s energy into usable heat for space heating and hot water – making it more efficient for heating and hot water systems.
Unlike air source, a ground source heat pump also offers efficiency in terms of operational times. Using smart controls and time-of-use tariffs, a ground source heat pump can participate in load shifting, where times of electricity consumption can be shifted to low-cost or low-carbon hours.
Ref: https://www.kensaheatpumps.com/air-source-vs-ground-source-heat-pumps/
Ground source heat pumps require digging and laying of the pipes etc., air source heat pump is fitted much like an AC unit and both Ground and Air source heat pumps need a large capacity hot water tank located inside the premises etc.
In a completely sane world, madness is the only freedom (J.G.Ballard).
Liked by:You need to login in order to vote
Thanks, yes I seen some boilers saying Hydrogen Ready but mine doesn’t as was installed before this was even mentioned so I’d require newer one.
Currently have Ideal boiler so would prob stick to the same as seems pretty good so far. Only issue so far has been the programmer failing in the boiler and not allowing Nest to control turning it on/off as the date was lost so it basically just ran 24/7 up to high temperatures as it wasn’t accepting the temp from Nest etc.
I’ve been able to resolve that but buying a replacement and then buying some capacitors and got it replaced on the faulty one so should be good now for when this one ever fails, last one lasted about 6 years or so before it gave a issue. It was probably due to the power goes out just for a few seconds every few weeks due to over head cables etc I suspect so i guess it decided enough was enough :)
I now have programmer in boiler set to continuous and Nest controls it 100% now, albeit Nest will *still* turn it on of a night if temp drops whereas before it never came on even if it did via programmer but fortunately its not on for too long so whilst costing more, it isn’t a massive amount more.
Kev
Liked by:You need to login in order to vote
I use ground source heatpump since 15 years and very happy about it.
Once a valve has been defective and last year we had to add little gas, each about 200€ costs, no more maintenance.
Nowadays here they more often offer deep drilling instead of digging the garden as maybe better alternative.
To get even better efficiency and costs I use ground water (all the year 15°C) with heat exchanger and not digging all the garden.
If you have underfloor heating you can use it for cooling in summer too.And there is no noise when running like air flow will make!
Thats why I will replace air to ground water on another property too.Liked by:You need to login in order to vote
And there is no noise when running like air flow will make!
Good point, I did not appreciate that an Air Source heatpump was more noisy, which if you live in an area with lots of close neighbours, could be a problem.
The idea of a borehole rather than digging the garden is also a great idea and makes sure temperature remains constant from the ground all year round.
In a completely sane world, madness is the only freedom (J.G.Ballard).
You need to login in order to vote
- You must be logged in to reply to this topic.