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Energy Bills

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Dave W Mar 2024 2:05pm, 23 Mar 2024 17,712 posts	Quote Pin Dave W I fixed my rates at the end of October 2023. Prices per Kw/H have come down since then, so I am a bit out of pocket. Except the standing daily charges have gone up, so I'm probably breaking about even at the moment. If everything goes down again, I'll lose out, but not by a great deal. And if the price of the energy goes down, but the standing charge goes up, it'll be pretty much status quo. And a lot can happen between now and Oct 2025.
Windsor Wool Mar 2024 2:55pm, 23 Mar 2024 6,243 posts	Quote Pin Windsor Wool interesting Dave, so when you fix tariff you also get to fix the standing charge? I’m really, really surprised by that tbh, I just don’t see how the supplier can hedge that cost to provide a fix for you. I’m still not fixing, yet. Seems to me that the cap has to fall again at the next re-calc. Maybe ahead of next winter. Maybe….
Muttley Mar 2024 3:56pm, 23 Mar 2024 3,075 posts	Quote Pin Muttley My understanding was that the tariff is fixed but the standing charge is variable, but Dave can clarify. None of the fixes have tempted me yet. I figure that with summer allegedly approaching, demand and thus tariffs will reduce somewhat. The test will be next winter and whether it's a harsh one not just here but across Europe, and what the situation is in Ukraine.
Dave W Mar 2024 5:23pm, 23 Mar 2024 17,713 posts	Quote Pin Dave W I'd have to look back and see what I fixed at. I was only going by what is on the Eon site now, so I may be wrong. But it is less than the cap maximum. I'll record the current level for posterity, and see what happens next time.
rf_fozzy Mar 2024 11:53am, 25 Mar 2024 21,839 posts	Quote Pin rf_fozzy Time of Day pricing is coming for all: bbc.co.uk Said it would happen.... Means everyone will have to have a smart meter, even those who hate them for some reason!
jda Mar 2024 11:55am, 25 Mar 2024 16,745 posts	Quote Pin jda Does that mean the power companies will have to make smart meters available for all?
rf_fozzy Mar 2024 12:00pm, 25 Mar 2024 21,840 posts	Quote Pin rf_fozzy THought they already did.
rf_fozzy Mar 2024 12:04pm, 25 Mar 2024 21,841 posts	Quote Pin rf_fozzy If ToD pricing comes in, then it's the perfect time for them to scrap the standing charge too. I know that many have campaigned against this for some time, but as ML has pointed out, there are some subtlties that mean it's not straightforward to do so - because if SC is removed and put into unit cost, then some vulnerable users (e.g. home medical equipt) will suddenly get v high energy bills. The solution as ML also points out is to put these users onto a special tariff subsidised by govt. The issue there is that this falls into the govt area of interest and the SC is under the privue of Ofgem, meaning the two need to talk to each other and do joined up thinking. And under this particular govt, joined up thinking ain't gonna happen.
rf_fozzy Mar 2024 12:05pm, 25 Mar 2024 21,842 posts	Quote Pin rf_fozzy *sorry typo - not sure why my phone autocorrected purview to privue....
Bazoaxe Mar 2024 12:22pm, 25 Mar 2024 26,488 posts	Quote Pin Bazoaxe If this came in, that may be the driver to change my mind on a smart meter. Up until now I have seen no benefit and been put off by the reliability issues. Whether or not the issues are real, I have no current reliability issues and the current approach works fine for me.