Energy Bills
54 watchers
Jun 2023
2:48pm, 11 Jun 2023
104,644 posts
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Hanneke
It is WW.
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Jun 2023
3:21pm, 11 Jun 2023
46,898 posts
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HappyG(rrr)
It's related to the cost of wholesale. That would normally be seasonal but when oil shocks hit or any other market forces it can vary between 40p and £1.10 so makes a huge difference what price you buy at and whether you can fix a price (I never have). Trying to get off it for environmental reasons.  G
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Jun 2023
3:25pm, 11 Jun 2023
46,899 posts
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HappyG(rrr)
ons.gov.uk So it dropped during pandemic and rose massively at Ukraine war. |
Jun 2023
5:05pm, 11 Jun 2023
5,957 posts
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Windsor Wool
I do understand the supply / demand fundamentals of the global crude market and at least some of the refining econs. But, the fact that home-delivered fuel oil is more expensive in the winter I’m slightly more confused about. Demand is up I suppose and supply is constant. Could be a bit of a rip-off though. One that we can all do nothing about unless you’ve space for your own gigantic storage! Just got the email from Octopus that my 2 year fix on power / gas is coming to an end. I’d hoped they’d forget 😂. |
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Jun 2023
5:29pm, 11 Jun 2023
46,900 posts
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HappyG(rrr)
It's a pretty competitive market here in Scotland WW. You usually have 2 or 3 suppliers to choose from. They are pretty close to the wholesale market price - if you dint fix it fluctuates daily. Checkout boilerjuice.com for comparability. G
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Jun 2023
8:33pm, 11 Jun 2023
9,677 posts
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Northern Exile
BoilerJuice is where I ordered my forthcoming delivery, 55p/litre. I'm now also a member of my local oil club.
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Jun 2023
9:58pm, 11 Jun 2023
46,902 posts
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HappyG(rrr)
Wish I'd switched to Flux in April, before my Octopus fixed came to an end. With all this dunshine I've been quids in. Might hit £200 up in a sunny month, which is beyond what I expected. G
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Jun 2023
10:46am, 14 Jun 2023
26,722 posts
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TROSaracen
About £100 added to my float after last month of gas/elec usage, so now £230 odd +ve. Surplus will end up around £600 I'd guess by end Sept - I'm away 3 weeks in Ocober which gets me to £700 - with prices due to fall (surely) wondering whether to reduce DD. Danger is with a massive surplus all last Winter's good fuel saving habits will go down the gurgler..... |
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Jun 2023
11:30am, 14 Jun 2023
9,678 posts
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Northern Exile
Oil delivery made yesterday, it's a 1200 litre tank and is now pretty full. I also added one of those fuel additives for a cleaner burn, we'll see how we get on!
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Jun 2023
11:54am, 14 Jun 2023
46,931 posts
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HappyG(rrr)
You just made me look, I think our oil tank is 1,200 litres. I always assumed it was 1,000 litres and that each 1/10 on the level reading was = 100 litres. Wrong! Cheers, We were full in mid March, down to 8 mid May, and would expect to be about 6/10 by Sept when we really start using. That is only 2 x 1/2 hour water heating (occasional blast of central heating on cold summer day or if we have someone ill or something). I would like to eliminate this over time (enviro and cost reasons). But it wasn't the first thing to fix. First is winter heating to get off oil. As I said, it would normally use 10/10 up to 2-3x over winter. We reduced that this winter by being very frugal, but we need a new heating method. Still investigating! Best of luck NE! G
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