Go Back  PPRuNe Forums > PPRuNe Social > Jet Blast
Reload this Page >

Electricity Prices.

Jet Blast Topics that don't fit the other forums. Rules of Engagement apply.

Electricity Prices.

Old 1st Jul 2022, 16:21
  #1 (permalink)  
Thread Starter
 
Join Date: Feb 2002
Location: EU
Posts: 166
Electricity Prices.

Ok so thing go up every year, never down?
But a 450% increase? WTH?
This is completely unsustainable for 99% of the population?
What happens now?
Who can pay this?
But more's the question? WHY? 96% of my energy is green!
I am now going full on self supporting. I don't care what it costs. I have to get out of this.
What are yours doing?
happyjack is offline  
Old 1st Jul 2022, 17:35
  #2 (permalink)  
 
Join Date: Sep 2010
Location: South East of Penge
Age: 72
Posts: 1,687
Take a look at satellite imagery of late around the planet. Solar panels are ever more apparent.
Haraka is offline  
Old 1st Jul 2022, 18:16
  #3 (permalink)  
 
Join Date: Jan 2007
Location: UK
Posts: 554
[QUOTE=happyjack;11254707]Ok so thing go up every year, never down?
But a 450% increase? /QUOTE]
Is this in the UK or in the EU ? Can you give a source for your info ?
NRU74 is offline  
Old 1st Jul 2022, 18:38
  #4 (permalink)  
 
Join Date: Dec 2007
Location: Westnoreastsouth
Posts: 1,553
Originally Posted by happyjack View Post
What happens now?
They go up again in October ?
longer ron is offline  
Old 1st Jul 2022, 19:34
  #5 (permalink)  
 
Join Date: Jan 2007
Location: Mostly in my own imagination
Posts: 147
I'm locked in for three years at 10.6c per kWh

...with Octopus too
Sue VÍtements is offline  
Old 1st Jul 2022, 21:06
  #6 (permalink)  
 
Join Date: Nov 2018
Location: Somerset
Posts: 10
So many people at Glastonbury last week. Football grounds and airports packed.

No shortage of money in the UK.

Its not handouts that people need. Itís a lesson in identifying their priorities.

JL
John4321 is offline  
Old 1st Jul 2022, 21:44
  #7 (permalink)  
 
Join Date: Apr 2022
Location: Great Britain
Posts: 137
My energy bill (combined gas and leccy) was £133 pcm. The cheapest tariff my supplier is offering is £376. That's 208%.
With the government cap of 54% my increase should be £204.
I dread to think what it will be in October.

I can afford these increases (and fuel, food et al), just, but it is effectively wiping out my spending power.
I'm slightly above average in earnings but if I'm anything to go by expect a massive economy crash and recession.

At 54 good bye pension and retirement.
uxb99 is offline  
Old 1st Jul 2022, 21:47
  #8 (permalink)  
 
Join Date: Apr 2022
Location: Great Britain
Posts: 137
Originally Posted by John4321 View Post
So many people at Glastonbury last week. Football grounds and airports packed.

No shortage of money in the UK.

Its not handouts that people need. Itís a lesson in identifying their priorities.

JL
Agree to a point but these increases are so massive it's not sustainable. If they continue then people will stop just buying or subscribing to stuff. The high street is already partially empty.
I'm surprised there's not more rumblings from shops and the service industries.
If we all stop spending then what?


uxb99 is offline  
Old 1st Jul 2022, 22:05
  #9 (permalink)  
 
Join Date: Mar 2015
Location: Virginia, USA
Posts: 66
Question: But a 450% increase? WTH?
Answer: 96% of my energy is green!

Sometimes a bit of formatting can improve clarity.
BFSGrad is offline  
Old 1st Jul 2022, 22:10
  #10 (permalink)  
 
Join Date: Apr 2022
Location: Great Britain
Posts: 137
Originally Posted by BFSGrad View Post
Question: But a 450% increase? WTH?
Answer: 96% of my energy is green!

Sometimes a bit of formatting can improve clarity.
Green should be inflation proof I would have thought unless you are being billed by God?
uxb99 is offline  
Old 1st Jul 2022, 22:44
  #11 (permalink)  
 
Join Date: Jan 2011
Location: Seattle
Posts: 686
Originally Posted by uxb99 View Post
Green should be inflation proof I would have thought unless you are being billed by God?
It depends on your service agreement. If your 'green source' is on the hook for a guaranteed supply, then they have to go on the spot electrical market to secure alternate sources when the wind doesn't blow and the sun doesn't shine. Spot power markets can be very expensive compared to guaranteed price, block purchases (you get a very low price, but you've got to take delivery of the block and pay for it).
EEngr is offline  
Old 1st Jul 2022, 23:28
  #12 (permalink)  
 
Join Date: Jun 2009
Location: East Sussex
Posts: 317
Electricity is subject to the laws of supply and demand regardless of it's source or how green it is.

WB627 is offline  
Old 2nd Jul 2022, 05:16
  #13 (permalink)  
Thread Starter
 
Join Date: Feb 2002
Location: EU
Posts: 166
Euroland not UK. I have been paying 5 eurocents kw/h but now it's going up to 21.7. And the standing charge increses by 60%. At this rate the yearly energy costs are likely to go from less than 2000 euros/year to something approaching 8000?
I'm on the case already... the solar engineer comes today to survey the house.
happyjack is offline  
Old 2nd Jul 2022, 06:02
  #14 (permalink)  
 
Join Date: Dec 2021
Location: Uk
Posts: 80
Originally Posted by uxb99 View Post
Agree to a point but these increases are so massive it's not sustainable. If they continue then people will stop just buying or subscribing to stuff. The high street is already partially empty.
I'm surprised there's not more rumblings from shops and the service industries.
If we all stop spending then what?
Most of the UK population wonít have noticed any difference yet. Most are on fixed tariffs and so have been unaffected. Itís when those run out and they realise they canít get another. Well they can but at extortionate prices. Ours ended at the end of February and it has been much cheaper to just let it switch to the standard variable tariff for now.

It is currently .27p kWh. Wife charges the car at her work where they still charge .15p kWh.
Flyhighfirst is offline  
Old 2nd Jul 2022, 06:24
  #15 (permalink)  
 
Join Date: Jan 2008
Location: There and here
Posts: 2,535
At the moment normalcy bias reigns supreme, the days are warm and mostly sunny (Europe area) and people are enjoying themselves going on their summer holidays, to concerts and so on as they should. I doubt most are even thinking of the coming winter months when supply of heating sources gas/electricity will be in shorter supply and more expensive. Behavioural modification will be necessary for most, home/office less warm, less wasteful attitudes toward usage, wear more clothes at home and so on. Perhaps once the winter has passed the energy market will relax somewhat and prices will return to lower more manageable levels. The ongoing conflict in Ukraine and the sanctions from both EU and Russia are strangling energy supply which will keep prices high for the near-term. Not much solace to the average person, hopefully just an uncomfortable bump in the road.

Solar panels are a way forward, but the capital cost often takes many years to repay itself, though at the current trajectory of electricity prices it'll be paid off in a year ;-)
SpringHeeledJack is offline  
Old 2nd Jul 2022, 06:32
  #16 (permalink)  
Thought police antagonist
 
Join Date: Jul 2003
Location: Where I always have been...firmly in the real world
Posts: 1,192
Originally Posted by John4321 View Post
So many people at Glastonbury last week. Football grounds and airports packed.

No shortage of money in the UK.

Its not handouts that people need. Itís a lesson in identifying their priorities.

JL
Dear Ebenezer,

Thanks for that puritanical socio economic analysis.

You seem to have missed the probability, that, many attending Glastonbury were redeeming their cancelled and already purchased tickets prior to Covid restrictions being imposed.....same for those going on holiday. True, some no doubt did / have / will buy tickets for whatever purpose using credit cards / savings but to say there is no shortage of money, you may have missed the recent and proposed future industrial actions not entirely unrelated to this flawed suggestion ?

As for priorities, relax, one demographic is already heeding your sage advice....they don't have any choice in the matter however...and, when the costs conveniently rise again, just in time for Winter. well possibly they won't have to be too concerned as they will have passed away....

One element that shouldn't increase however is the standing charge...as has been mentioned, the supply infrastructure costs haven't risen..but hey, never look a profits gift horse in the mouth.

UK fuel poverty in 2022: Causes, statistics and solutions - The Big Issue


Krystal n chips is online now  
Old 2nd Jul 2022, 06:57
  #17 (permalink)  
 
Join Date: Oct 2018
Location: Ferrara
Posts: 4,548
A lot of electricity pricing is tied to the gas price - cheap gas is still the main source of electricity in many western countries - then it isn't cheap anymore..............
Asturias56 is offline  
Old 2nd Jul 2022, 07:26
  #18 (permalink)  
 
Join Date: Dec 2007
Location: Westnoreastsouth
Posts: 1,553
Yep and in UK it is not just the unit price that has gone up but also the Standing Charge increase has been colossal % wise
I think the standing charge is going up again in October ?
longer ron is offline  
Old 2nd Jul 2022, 07:59
  #19 (permalink)  
 
Join Date: Apr 2003
Location: Northumberland
Posts: 6,612
Originally Posted by Asturias56 View Post
A lot of electricity pricing is tied to the gas price - cheap gas is still the main source of electricity in many western countries - then it isn't cheap anymore..............
Basing yr energy strategy on cheap Russian gas not looking a great idea at the moment.
SWBKCB is online now  
Old 2nd Jul 2022, 08:29
  #20 (permalink)  
 
Join Date: May 2001
Location: south of Cirencester, north of Lyneham
Age: 75
Posts: 1,262
SWBKCB

Basing yr energy strategy on cheap Russian gas not looking a great idea at the moment.
For anyone thinking strategically, it never was a sensible thing to do.
radeng is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.