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The Price of Energy or "How I learned to live with the economy crash"

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The Price of Energy or "How I learned to live with the economy crash"

Old 22nd May 2022, 11:59
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The Price of Energy or "How I learned to live with the economy crash"

Has anyone checked their energy supplier lately?
My energy suppliers best tariff for me who's bill is 133 per month is 396 per month. That's an increase of 197%.
Now obviously I'm not going to do that. I'll default to capped 54% and pay 205.

The government says that price increases with be around 2-4%. Analysts say 10%. So what gives?

If we take this increase to it's obvious conclusion no business will survive a 197% increase.
So the economy will tank and disaster looms.
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Old 22nd May 2022, 12:56
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I am certainly not going to, I don't want to spoil my weekend!

My contract (71 per months for dual fuel) runs out in November. We already spend less on energy that the average apparently, so I am hoping that when we inevitably fall back on to the standard variable (= capped) tariff we may still wind up paying a little less than the capped price. Whatever, I know we're in for a nasty shock and I am still pondering the 14k outlay on a solar system with storage batteries. 14k sound a lot but given the price increases we're looking at, and taking the medium to long term view it is probably a no brainer.
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Old 22nd May 2022, 13:35
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Originally Posted by uxb99 View Post
Has anyone checked their energy supplier lately?
...If we take this increase to it's obvious conclusion no business will survive a 197% increase.
So the economy will tank and disaster looms.
Which is why the Government needs to do something rather than just talk about doing something...
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Old 22nd May 2022, 13:52
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Originally Posted by ATNotts View Post
...........I know we're in for a nasty shock and I am still pondering the 14k outlay on a solar system with storage batteries. 14k sound a lot but given the price increases we're looking at, and taking the medium to long term view it is probably a no brainer.
Me too, but where to get the 14k from ?

Myself and Mrs Uplinker got no Covid furlough payments whatsoever. I wonder if the Government will give us 14k instead...............
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Old 22nd May 2022, 14:01
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Thank you ash dieback. One mature tree recently pollarded will probably see me through two, if not three, winters with log burners in all the downstairs rooms. If the tree does not survive then I'll need to build a few more log stores.

The two largest stoves are named Greta and Thunberg. The area by the log stores where all the axe work is done is called Chop Chop Square. .
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Old 22nd May 2022, 14:14
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My unit rate has increased by about 34%, but the monthly payment has been halved due to the installation of the air source heat pump to replace the all-electric previous heating. Last year I had 8K of panels and batteries installed. Currently, on a bright day, I can be running the house and exporting 2-2.5kW for which I receive the princely sum of 3.5p each as against the stuff I buy at 28 pence. However currently (1500BST) the battery is 100% full, 8/8 cloud, and the house is running on the panel output, so I'll be using "free" power from the battery until late in the evening.

The big saving point of the battery is charging it on the night rate then running the house all morning instead of buying top rate. This benefit is 365 days a year, rain or shine and this alone would pay for my installation (12 panels, 8.2 kWh battery) in about 7-8 years at current prices. In fact, for people without roof space for panels, battery and inverter only could still be a feasible proposition.

Hoping to add a windmill, about 2-3kW output, to top up battery on dull windy days, to the second input on the inverter, so with minimal extra cost.
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Old 22nd May 2022, 18:01
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Wife runs a small business from home and we are on business electric tariff. When contract ends later in year it will increase by almost 300%. There is no cap on business energy. She will probably shut the business down as the overheads will then be too expensive. Problem then is no electricity supplier wants to take us on as a domestic customer on the default capped rate.
We are not unique as other small business owners we know are also thinking of closing when their energy contacts end
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Old 22nd May 2022, 18:45
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Originally Posted by B Fraser View Post
Thank you ash dieback. One mature tree recently pollarded will probably see me through two, if not three, winters with log burners in all the downstairs rooms. If the tree does not survive then I'll need to build a few more log stores.

The two largest stoves are named Greta and Thunberg. The area by the log stores where all the axe work is done is called Chop Chop Square. .
_________________

That made me smile. There are 16 million trees damaged or felled by the last storm in Scotland, so plenty of wood is available. You may have to ask the Green party for clearance to assist !
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Old 22nd May 2022, 20:06
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Originally Posted by ATNotts View Post
and I am still pondering the 14k outlay on a solar system with storage batteries. 14k sound a lot but given the price increases we're looking at, and taking the medium to long term view it is probably a no brainer.
Have you spoken to any installers about the timescales involved in getting the batteries supplied and fitted?

I currently have a good solar PV setup and I've had a couple of quotes for batteries (Tesla Powerwall) and both installers told me that there is currently such a demand for these that there is a 10 to 11 month waiting list for the batteries.
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Old 22nd May 2022, 21:44
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How long do these batteries last? 1000 cycles is around 3 years, hopefully longer than an iPad !
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Old 22nd May 2022, 22:35
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Originally Posted by felixthecat View Post
How long do these batteries last? 1000 cycles is around 3 years, hopefully longer than an iPad !
The Tesla Powerwall batteries have a 10 year warranty and this guarantees that they keep a minimum of 80% of their initial capacity for this period.
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Old 22nd May 2022, 23:46
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Meanwhile, on this side of the pond, the North American Electric Reliability Corporation (NERC) is predicting electrical shortages and rolling blackouts this summer - while the current POTUS (or whoever is behind the curtain pulling his strings) is still working to shutdown coal fired power plants.
It could be a long summer...
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Old 22nd May 2022, 23:51
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Originally Posted by tdracer View Post
Meanwhile, on this side of the pond, the North American Electric Reliability Corporation (NERC) is predicting electrical shortages and rolling blackouts this summer - while the current POTUS (or whoever is behind the curtain pulling his strings) is still working to shutdown coal fired power plants.
It could be a long summer...
Dont forget, in California, no gas lines to new houses, all electric only.
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Old 23rd May 2022, 00:19
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Originally Posted by fltlt View Post
Dont forget, in California, no gas lines to new houses, all electric only.
Well, that is true in some cites/counties, but not for most of the state. Banning gas in new construction is more prevalent in Northern California, where most energy is provided by Pacific Gas and Electric. In the more populous southern part of the state, the gas utility companies are separate from the electric ones, and so there is a strong lobby to not ban gas. The state government has been silent on the subject. Note also that e.g. San Francisco has banned gas, but there is very little new house construction there, because the land is too valuable. Instead, there are new apartment building projects. IMO, we will do well in California to not move too quickly to full electric energy, because it takes time to develop the infrastructure. DIsclosure: we heat our 50 year old house with an air source heat pump, installed 1.5 years ago.
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Old 23rd May 2022, 00:20
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In the Antipodes we have just had a gummint change and the coal industry is looking to take a big hit.

Luckily, sunshine is abundant and my power company pays me $200 a month to use my panels.
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Old 23rd May 2022, 05:23
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Wood Gasifier is already part-built. Should be producing hot water and power to my electric generator this winter. Plenty of trees in our garden.
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Old 23rd May 2022, 07:48
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We have a Ukraine crisis tariff in Ireland now. They adjust the heating rates on a daily basis... fluctuates between 0.25 and 0.40 per kwh - absolute insanity.
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Old 23rd May 2022, 08:40
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Originally Posted by Right20deg View Post
_________________

That made me smile. There are 16 million trees damaged or felled by the last storm in Scotland, so plenty of wood is available. You may have to ask the Green party for clearance to assist !
Doesn't your government have regulations on pollution from wood burning stoves?
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Old 24th May 2022, 13:17
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Originally Posted by Sallyann1234 View Post
Doesn't your government have regulations on pollution from wood burning stoves?
Not all woodburners pollute http://www.dunsleyheat.co.uk/yorkshi...ifuelstove.pdf
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