Electricity price increase

  • Ricardo's Avatar
    Level 1
    I would like to know why the electricity rate will increase.
    Might the sun radiation or the wind or whatever else you use to produce my 100% RENEWABLE ENERGY now they cost more?
    ​​​​​​​🤬🤬🤬🤬🤬🤬🤬 🤬🤬🤬
  • 9 Replies

  • Best Answer

    Beki_EONNext's Avatar
    Community Manager
    Best Answer
    Although E.ON Next electricity is backed by 100% renewable sources (through E.ON's renewable generation assets, agreements with UK generators and the purchase of renewable electricity certificates), the electricity supplied to your home or business comes from the National Grid and Distribution Network Operators. The distribution network operator (DNO) is the company that owns and operates the power lines and infrastructure that connect National Grid network to your property. National Grid doesn't connect directly to homes and businesses because its voltage is too high.

    Since renewables and nuclear will always run when they can, it is fossil fuels – and at present, gas, plus the cost of taxes on CO₂ pollution – that subsidise the rest of the energy production, albeit a small amount (under 40% in the UK and only about 20% across the EU). unfortunately the most expensive generator sets the price almost all the time and so the wholesale costs rise across the board. It's really sad that this is the case because I strongly feel there should be an energy market specifically for renewable energy so that the price for renewables is not dictated by fossil fuels and their carbon costs. 🌍
    Fancy being part of the Testing Squad?
  • Andy65's Avatar
    Level 41
    I would like to know why the electricity rate will increase.
    Might the sun radiation or the wind or whatever else you use to produce my 100% RENEWABLE ENERGY now they cost more?
    ​​​​​​​🤬🤬🤬🤬🤬🤬🤬 🤬🤬🤬
    ​​​​​​​
    Because you don't actually get 100% Renewable Energy @Ricardo, and more importantly, there's the regulatory body OFGEM which is supposed to act in the consumers interest but doesn't.

    My observation is this, there's no shortage of Gas and Oil, just market speculation hiking the prices. Then there's the energy companies that have gone bust, so there's a need to recover losses there. The Government gets 5% Vat so there's an opportunity to collect a lot more Vat.
    OFGEM have said that the Standard Variable can increase by a whopping amount (Energy Suppliers and Government both rubbing hands), but more importantly they have allowed the Daily Standing Charge to be increased by an incredible amount. The increase to the SC should in theory be negligible, but if for example you wanted to recover losses, generate income etc, increase by a very large amount and you get a guaranteed income. I would also say that it's even more fishy that it's being increased for the summer months when consumers should be using less, again it can only be to generate a fixed income.

    On the back of what's happening in the Ukraine, investors, energy suppliers, Governments, oil companies, supermarkets etc, are all smelling the whiff of opportunity to increase prices by large amounts and get away with it.

    Over the last 12 months, 34% of Great Britain's electricity came from renewable sources (excluding imports).
    Last edited by Andy65; 19-03-22 at 08:25.
  • meldrewreborn's Avatar
    Level 67
    @Ricardo

    The electricity increase is largely down too the price of Gas used to generate some of our electricity, The notion that you can get just renewable energy from a supplier is a fallacy. What they mean is that they pay somebody for some certificates to show that the renewable energy has been produced.
  • Ricardo's Avatar
    Level 1
    @meldrewreborn unfortunately I can’t attach picture but you can see yourself….

    This is written on E.ON Next website

    ”Who is E.ON Next?We’re a brand new part of the E.ON group, so you’re safe in the knowledge that we have the backing of an established energy supplier and are committed to using more renewable energy sources.
    All the electricity you use from the National Grid, is matched with 100% renewable energy from us. Plus you'll be looked after by your own dedicated Energy Specialists, providing you with a faster, easier, clearer, friendlier, and more personal service.
    Enjoy the journey. If we keep taking steps to better, brighter, greener, who knows where it will take us.”
  • Ricardo's Avatar
    Level 1
    Also….
    Is it FAKE?

    100% renewable electricity.

    All of our customers' homes and businesses get 100% renewable electricity, at no extra cost.*

    What is 100% renewable electricity?

    It means that all of the electricity that we provide for your home and business is sourced from E.ON's renewable generation assets, supply agreements with independent UK wind generators and through the purchase of renewable electricity certificates. The electricity supplied to homes and businesses ultimately comes from the National Grid.

    What are REGOs?

    Renewable Energy Guarantees of Origin or REGOs, are certificates which show electricity has been generated from renewable sources. Energy generators are given one REGO for each megawatt hour of electricity they produce. All of this is administered by Ofgem (the Energy Industry Regulator).
    This means that 100% of your electricity comes from renewable sources such as solar, wind and hydro as all the renewable electricity we sell is backed by REGOs.”
  • Ricardo's Avatar
    Level 1
    Following your explanation nobody can use 100% renewable energy from any provider because the cables are not of providers property. NOBODY.
    Therefore tell what is trumpeted in your website is clearly a SCAM
  • meldrewreborn's Avatar
    Level 67
    All the electricity is generated from a variety of fuels/sources and is indistinguishable once its into the grid. But if say a company is selling 20% of the total being used and is also pumping 21% of the input energy from 100% renewable sources are they not entitled to make the claim that they are supplying their customers with renewable energy?

    The same argument goes for gas.

    Surely if you want to promote the generation of renewable energy, and allow customers who care about the source of their energy to favour one supplier over another based on its green generation credentials, you have to allow the suppliers to advertise its credentials in an acceptable manner. While ideally you might wish for there to be a totally isolated set of cables carrying renewable energy separately from the rest that isn't at all practicable, and probably never will be. The current system is as good as its going to get. It isn't a scam at all - its the best solution possible given the circumstances.
  • Ricardo's Avatar
    Level 1
    I’m not stupid and I know it: the problem is if a Company promote the brand telling “100% renewable” and it is not true, IT IS A FRAUD and maybe there is enough space for a class action.
    Easy peasy
  • meldrewreborn's Avatar
    Level 67
    @Ricardo

    in you opinion! But if the advertising standards agency are not concerned about this I think they are in the clear.
    Current Eon Next and EDF customer, ex Zog and Symbio. Don't think dual fuel saves money and don't like smart meters. Chronologically Gifted. If I offend let me know by private message, but I’ll continue to express my opinions nonetheless.