Energy bills to fall by £238 as new price cap revealed
Energy bills to fall by £238 as new price cap revealed
Average energy bills will be £1,690 from April 2024 - a fall of £238 on the previous three months
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A bigger question is why energy prices are still linked to gas prices, and not decoupled for renewables.
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.
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.
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
link with added security
Fixed. Thamks
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.
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.
How? We're also with Octopus and our prices have never been negative.
You on Agile? With prices that change every 30 minutes?
Ah, no, we're not. We're on 'flexible', so that makes sense. Thanks.
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.