Electricity tariffs/Prices

[Cowabunga]

I was contacted by a couple of call-centre brokers about eight weeks ago who were desperate to sign me up for my March 2023 contract at £0.75 day rate. One of them was very persistent and I told them where to go and what to do with their generous offer in the end.
Yesterday I was contacted by a local broker’s agent, who I know and lives two miles from me, who was the first with genuine advice, offering a day rate of £0.56 yesterday for a six month contract but to wait as long as possible to the end of contract date as it is likely that rates will fall further and only to go for a six month contract at whatever rate he offered. There is a small chance that oil prices will rise substantially from April onwards but gas prices have already halved and were unlikely to rise much over Summer and gas is more relevant to electricity prices.

The local man said that he will keep an eye on the market and if there is a sign of prices rising before the end of March, he would get in touch but otherwise will get in touch with a price as late as possible to catch the best price for me. I need do nothing until he gets back in touch.

 

[Benr]

Electricity contract ends shortly. Been offered 57.31p/ 40p day standing charge 12mths and 58.8 / 25p day standing charge 2yrs. I think there is 3.7p or so to come off in government aid. As I understand it I could go out of contract and pay around £1 a unit but government price cap would bring it back to around 65p a unit but have the flexibility to get a cheaper deal if price's ease in the spring. Any thoughts?

Shouldn’t matter to a wealthy organic poultry farmer like you

 

[Glen Lad]

Electricity contract ends shortly. Been offered 57.31p/ 40p day standing charge 12mths and 58.8 / 25p day standing charge 2yrs. I think there is 3.7p or so to come off in government aid. As I understand it I could go out of contract and pay around £1 a unit but government price cap would bring it back to around 65p a unit but have the flexibility to get a cheaper deal if price's ease in the spring. Any thoughts?

Crystal ball ,i have given up trying to work out this market but i think the big six are making a fortune.

 

[bobk]

They have got to pay the windfall tax , that's skewing the market

 

[Jimdog1]

Shouldn’t matter to a wealthy organic poultry farmer like you

Pah! You have no idea......

 

[ollie989898]

Pray tell why we are financing the morons in Whitehall who had engineered the present situation. It looks like a cluster fudge that we could have arrived at without their input.

 

[MOG]

So looks like we will all be getting a just under 2p/KWh rebate on our electric price from April, as opposed to the current 21p/KWh rebate (providing you are paying over 30ishp/KWh). Or have I misunderstood the figures. So stuck with a contract price of 57.8p/kwh (after discount) until December!

Kind of glad I just fitted a load of PV panels and batteries. Just ned to sort out a small hydro system to get me through the winter and I reckon I can pull the plug on the greedy buggers.

What are others paying?

 

[spin cycle]

So looks like we will all be getting a just under 2p/KWh rebate on our electric price from April, as opposed to the current 21p/KWh rebate (providing you are paying over 30ishp/KWh). Or have I misunderstood the figures. So stuck with a contract price of 57.8p/kwh (after discount) until December!

Kind of glad I just fitted a load of PV panels and batteries. Just ned to sort out a small hydro system to get me through the winter and I reckon I can pull the plug on the greedy buggers.

What are others paying?

thank you for that interpretation as I couldn't make 'head nor tail'

almost exactly the same situation...a ten Yr old ashp gonna be ripped out for oil

 

[Fat Lamb]

Started new tariff 1st November at 67p/kWh.
just had government rebate applied to November bill and the 67p has been knocked back to 28.2p/kWh.

 

[bobk]

'Energy prices will still absolutely soar for us'

Companies are facing tough choices as the government reveals a new energy bills support scheme.

www.bbc.co.uk

 

[Fat Lamb]

'Energy prices will still absolutely soar for us'

Companies are facing tough choices as the government reveals a new energy bills support scheme.

www.bbc.co.uk

Yes, a big disappointment.

 

[Jimdog1]

Started new tariff 1st November at 67p/kWh.
just had government rebate applied to November bill and the 67p has been knocked back to 28.2p/kWh.

Is that a commercial metre or a domestic one?

 

[mixed breed]

Using around 17000units a year, 3 years of 17ppkw with SP ends 31st Jan. Staying with them 86ppkw on a variable 57ppkw on contract.

Best quote I can find is British gas lite, 42ppkw and 40p standing charge, one year contact..

 

[Demolition Man]

Using around 17000units a year, 3 years of 17ppkw with SP ends 31st Jan. Staying with them 86ppkw on a variable 57ppkw on contract.

Best quote I can find is British gas lite, 42ppkw and 40p standing charge, one year contact..

Is that business meter rate or residential?

 

[mixed breed]

Is that business meter rate or residential?

Business

 

[Fat Lamb]

Is that a commercial metre or a domestic one?

Business supply.
25p/day standing charge as well.
One year contract.

 

[MOG]

Using around 17000units a year, 3 years of 17ppkw with SP ends 31st Jan. Staying with them 86ppkw on a variable 57ppkw on contract.

Best quote I can find is British gas lite, 42ppkw and 40p standing charge, one year contact..

Wow, that has come down a bit. I went out of contract (14p/KWH last October and was getting quotes of over a pound a unit. Waited till December and got a 1 year contract from BG Lite at 59.6 a unit and 40p a day

 

[Mr Mackay]

Using around 17000units a year, 3 years of 17ppkw with SP ends 31st Jan. Staying with them 86ppkw on a variable 57ppkw on contract.

Best quote I can find is British gas lite, 42ppkw and 40p standing charge, one year contact..

Been offered a tad under that today with B G

 

[spitfire]

Anybody care to recommend some decent brokers to try? Thanks

By chance went with a firm called bionic wasn't sure to start but got a lot better deal than I could get, first time I ve been in a contract

 

[farmbrew]

Bionic looked after me, a few teething issues but better than I could get on my own. Quite happy to let them handle it from now on