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thehatfox@lemmy.world to United Kingdom@feddit.ukEnglish · 1 year ago

Energy bills to fall by £238 as new price cap revealed

inews.co.uk

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Energy bills to fall by £238 as new price cap revealed

inews.co.uk

thehatfox@lemmy.world to United Kingdom@feddit.ukEnglish · 1 year ago
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Average energy bills will be £1,690 from April 2024 - a fall of £238 on the previous three months
  • YungOnions@sh.itjust.works
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    1 year ago

    A bigger question is why energy prices are still linked to gas prices, and not decoupled for renewables.

    • Wanderer@lemm.ee
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      1 year ago

      People would kick off when the price goes sky high and they have to pay it because they didn’t realise or no one told them, or whatever.

      Don’t underestimate how stupid everyone is.

      • YungOnions@sh.itjust.works
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        1 year ago

        If you’re on a renewables tariff your prices would go down. It would encourage people to switch. Otherwise you’re prices would be no different to current.

    • HeartyBeast@kbin.social
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      1 year ago

      Because as I type this wind and solar combined are accounting for around 12% of generating capacity and over the course of a year gas sti makes up the biggest slice

      https://gridwatch.templar.co.uk/

      • throw4w4y5@sh.itjust.works
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        1 year ago

        https://gridwatch.templar.co.uk

        link with added security

        • HeartyBeast@kbin.social
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          1 year ago

          Fixed. Thamks

      • YungOnions@sh.itjust.works
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        1 year ago

        OK, sure. But why should I, someone on a 100% renewable tariff, continue to pay energy prices that are dictated by a energy source I’m not using? That makes no sense to me.

        • HeartyBeast@kbin.social
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          1 year ago

          You’re not. It’s a cap. So, I’m on an agile rate with octopus and there are times when my electricity prices are negative.

          • YungOnions@sh.itjust.works
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            1 year ago

            How? We’re also with Octopus and our prices have never been negative.

            • HeartyBeast@kbin.social
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              1 year ago

              You on Agile? With prices that change every 30 minutes?

              • YungOnions@sh.itjust.works
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                1 year ago

                Ah, no, we’re not. We’re on ‘flexible’, so that makes sense. Thanks.

    • Dyf_Tfh@lemmy.sdf.org
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      1 year ago

      Because this is the natural state of a market. Everything end up roughly at the same price, the price that buyers are willing to pay.

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