What is going on in the energy market?

[ainarssems]

What's your source?, hard to comment without context, I suppose it could be for a very short period of time like 30 min at some pinchpoints when demand outstrips supply. But on average while the prices have gone up considerably they are nowhere near £2.5. Average wholesale price is about £0.107 up from £0.07 in July and I am l paying consumer price £0.1139 which is one of the lowest if not the lowest

[pete-p]

Originally Posted by ainarssems

... I am l paying consumer price £0.1139 which is one of the lowest if not the lowest

Wow that's a good price, who is that with? I'm on a variable tariff at the moment which seems to show as the cheapest when looking at Uswitch comparison (including suppliers which can't auto switch).

My energy rates are going up from £0.17 to £0.22, I was going to fix before the autumn but probably left it too late to miss the autumn rate rise.

[ainarssems]

Originally Posted by pete-p

Wow that's a good price, who is that with? I'm on a variable tariff at the moment which seems to show as the cheapest when looking at Uswitch comparison (including suppliers which can't auto switch).

My energy rates are going up from £0.17 to £0.22, I was going to fix before the autumn but probably left it too late to miss the autumn rate rise.

Symbio Energy

[sarg]

I switched to Symbio a few months back, tariff we have is 12.011ppkwh plus 12 p standing charge.

[pete-p]

Originally Posted by ainarssems

Symbio Energy

Thank you . Just checked and they are a fair bit cheaper so switching already! Will keep gas with my current supplier for now.

[steamship]

Originally Posted by pete-p

Wow that's a good price, who is that with?

Beat me to it. I pay £0.17 + VAT but we're limited to six providers in Northern Ireland and they're all within 1-2 pence of each other.

[Regulus]

Originally Posted by ainarssems

What's your source?, hard to comment without context

https://www.europower-energi.no/kraf...nd/2-1-1067464

And they even show a screen grab:


The page is written in Norwegian, but I suppose you will be able to use a translator

[pete-p]

Looks like an anomaly perhaps related to the testing of the new cable. No sign of any major increases here other than a price cap being raised.

[paulrstaylor]

https://news.sky.com/story/household...costs-12408738

[pete-p]

This won't help either.

UK power prices soar after key cable hit by blaze:
https://www.bbc.co.uk/news/business-58579829