That 3p is a "what is the lowest which we might get away with number" unrelated to last week's wholesale electricity price, which I understand was near to 8p/kWh. I have no idea why household bills are only going to go down from about 32p to about 31p/kWh; the recent wholesale price drop ought to have given households a much bigger saving. Presently the solar installers are trying quite hard to get you to buy bigger batteries for much of your household surplus. Try looking up 'solar diverter', which is a switch thing to drop much of your surplus solar generation to heat in a hot water tank I think.
Last edited by wizzo227; 17-02-24 at 13:13.
Reason: removed a comment at end about another supplier which was out of place without that mention of that supplier
wholesale costs are only part of the retail pricing, albeit a major element. If you look at the OFGEM website you’ll get a much better idea of why retail prices are as they are.
but the prices paid for solar generation are pitiful compared to retail pricing and are relying on customer inertia - the reluctance to switch. I’m a great believer in voting with one’s feet when that is a realistic option.
Current Eon Next customer, ex EDF, 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.
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