Energy price cap for industry

[Exfarmer]

So today I get a message from my supplier regarding the price cap for domestic
It turns out I will pay 52p for my electric and 15p for my gas per KwH ( unit) this isa a price roughly 6 times what I was paying for my total energy 2 years ago.
I am not complaining I can just cut a holiday but it is going to put so many in a terrible situation.
But this is not agricultural you think read on

However I was a little surprised at these figures , since I recall last week announcements about industrial users getting a 21p cap on electric
so I looked a little further and yes I was right all industrial users are going to have a cap on their bills but only on the electricity costs , and gas but I wont go there as it will affect very few farmers.
in fact this cap will only apply to 29% of your bill which makes it likely that the average farm bill will be in the order of 60p/ unit
but there is another question, apart from VAT which is obviously levied at 20% on industrial users why has the other costs risen exponentially ?
2 years ago the wholesale prices were fairly static in the order 5-6p a little more for green power and for industrial customers around 15p before VAT
so why have the other charges, distribution, operating and environmental charges risen astronomically ? from 10p to 40p / unit.
read more here

What the energy price cap means for businesses... | Resolve Energy

Update On the 10th of January 2023, the government announced that there is going to be an update to support when the EBRS comes to an end. On April 1st this will be replaced by the Energy Bill Discount...

www.resolveenergy.co.uk

 

[Daniel]

So if I’m on 65p now, I’ll still be paying 60p next month?

 

[Exfarmer]

So if I’m on 65p now, I’ll still be paying 60p next month?

Looks like it

 

[bobk]

Let's hope wheat hits £400 then

 

[Daniel]

Looks like it

Glad I didn’t cancel the extra 70kw of solar coming next week then, I had half wondered if it was still worth it when the price cap was announced at 21p.

 

[farmerm]

Let's hope wheat hits £400 then

but that would mean the fert racketers will put N to £2000/t....

 

[spin cycle]

putin wants bullet in head pronto

 

[farmerm]

putin wants bullet in head pronto

I think it would need to be more than one, some of those around him are probably worse!

 

[Barleymow]

Ime on 15p / kW hope that level it up !!

 

[Goweresque]

Ime on 15p / kW hope that level it up !!

By luck more than judgement back in late 2019 I stuck all the farm meters on as long a contract as SSE would give me, mainly because I was fed up with dealing with all the contract renewals every year or two, so I'm on about 16p until march 2024 sad thing is we don't actually use much power, just lights really. I suppose I should be offering people to come and use my electric for 30p/unit, we'd all be quids in.

 

[Pan mixer]

By luck more than judgement back in late 2019 I stuck all the farm meters on as long a contract as SSE would give me, mainly because I was fed up with dealing with all the contract renewals every year or two, so I'm on about 16p until march 2024 sad thing is we don't actually use much power, just lights really. I suppose I should be offering people to come and use my electric for 30p/unit, we'd all be quids in.

A nice long extension lead to mine would be good.

 

[Goweresque]

So today I get a message from my supplier regarding the price cap for domestic
It turns out I will pay 52p for my electric and 15p for my gas per KwH ( unit) this isa a price roughly 6 times what I was paying for my total energy 2 years ago.
I am not complaining I can just cut a holiday but it is going to put so many in a terrible situation.

That seems very high, I had a similar email from my domestic supplier (British gas) the other day, my rates for electric and gas are going to be 37p and 11. 25p respectively. Surely all suppliers should be the same, given there's a cap? My figures are subject to a daily fixed standing charge, so not sure if that is the case with your figures?

 

[Exfarmer]

That seems very high, I had a similar email from my domestic supplier (British gas) the other day, my rates for electric and gas are going to be 37p and 11. 25p respectively. Surely all suppliers should be the same, given there's a cap? My figures are subject to a daily fixed standing charge, so not sure if that is the case with your figures?

interestring I am on 29p for electric at the moment so I was not shocked at the upshift
will check this out.
New standing charge quoted 38.94 electric and 28.48 gas

 

[Exfarmer]

That seems very high, I had a similar email from my domestic supplier (British gas) the other day, my rates for electric and gas are going to be 37p and 11. 25p respectively. Surely all suppliers should be the same, given there's a cap? My figures are subject to a daily fixed standing charge, so not sure if that is the case with your figures?

Edited
just checked out and I am certain your rates. are up to 1st October
After much confusion I believe that my price quoted does not include the 17p discount on Electricity and 4.2p for gas. Which brings us in line

 

[Pan mixer]

Yes I was told about 35 - 40p for electric, all a bit confusing as our two year fix runs out at the end of September, we are part of a buying group.

 

[William26]

98p for a 6month contract with Draxx
All through nfu, only company offering 6 month contracts
Government cap will mean I'll pay 45/55p up untill April 1st, who knows after that
Already started looking at diesel generators

 

[William26]

That's half hourly
The day/night I did a deal with EDF today, 60p day 52 night if I can remember rightly
Currently paying 17/11p

 

[bobk]

France fully nationalise EDF after profit warnings , UK lent some leccy to france as the EDF workers have gone on strike ,
Socialism sucks