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Cost of Living Crisis


Paco

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Since being installed, my solar panel have generated 980kW. My house has used 650kW. Of that 650, thanks to the battery I have only imported around 120kW from the grid.

So my solar panels put my grid usage at less than 20%. I have also exported 360 to the grid so that drives the cost of that 20% down further.

Once I sort the tariff, in winter when solar is less I will charge my battery overnight at a reduced rate using Octopus go or Agile.

Theres absolutely no way it's not worth it. I haven't done my sums for myself. I watched a few folk on YouTube doing them for comparable systems. The prices are pushing payback times down to single figures years. What I dont buy from the grid in the next year alone will probably run into 4 figures the way we are going.

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19 minutes ago, Snafu said:

I take it we should be expecting a swathe of redundancies as later in the year as businesses either shut down temporarily or for good as they too struggle to pay their energy bills, perfectly timed for just before Christmas?

 

Yes and I also suspect the number of deaths and suicides will skyrocket as a result 

 

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There's just been a pensioner bloke on LBC saying that he's going to be paying out a third of his income in energy bills. There's a lot of criticism that the Tory leadership can't really grasp the implications of the energy price spike because it won't significantly affect their lifestyle. Here's a wee idea. 

How about saying to the Cabinet that for the next two years, they have to send a cheque for a third of their annual income from all sources direct to the energy companies?

Seems fair enough. 

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12 minutes ago, Salt n Vinegar said:

There's just been a pensioner bloke on LBC saying that he's going to be paying out a third of his income in energy bills. There's a lot of criticism that the Tory leadership can't really grasp the implications of the energy price spike because it won't significantly affect their lifestyle. Here's a wee idea. 

How about saying to the Cabinet that for the next two years, they have to send a cheque for a third of their annual income from all sources direct to the energy companies?

Seems fair enough. 

The Tories aren’t interested in people like that, they can elect plenty of MPs whilst ignoring such people.  Sadly Labour is offering no real alternative.

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38 minutes ago, Bairnardo said:

Since being installed, my solar panel have generated 980kW. My house has used 650kW. Of that 650, thanks to the battery I have only imported around 120kW from the grid.

So my solar panels put my grid usage at less than 20%. I have also exported 360 to the grid so that drives the cost of that 20% down further.

Once I sort the tariff, in winter when solar is less I will charge my battery overnight at a reduced rate using Octopus go or Agile.

Theres absolutely no way it's not worth it. I haven't done my sums for myself. I watched a few folk on YouTube doing them for comparable systems. The prices are pushing payback times down to single figures years. What I dont buy from the grid in the next year alone will probably run into 4 figures the way we are going.

Solar yes.  You can't really make a compelling case for batteries (until now).  They help reduce import but would actually drive up the payback period compared to solar alone. If you do the sums of batteries on their own the payback period is usually 15+ years but the batteries are only guaranteed for 10.  Of course the cost of electricity now will have dropped that figure on payback period hugely.

I've done the maths several times over the last few years and batteries never stacked up.  I reckoned the cost of them would have to half to make them financially viable.  The cost of electricity doubling has achieved the same thing.   Now wishing I'd installed them last year.

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12 minutes ago, Left Back said:

Solar yes.  You can't really make a compelling case for batteries (until now).  They help reduce import but would actually drive up the payback period compared to solar alone. If you do the sums of batteries on their own the payback period is usually 15+ years but the batteries are only guaranteed for 10.  Of course the cost of electricity now will have dropped that figure on payback period hugely.

I've done the maths several times over the last few years and batteries never stacked up.  I reckoned the cost of them would have to half to make them financially viable.  The cost of electricity doubling has achieved the same thing.   Now wishing I'd installed them last year.

Aye. With the FIT going, emphasis shifted from exporting as much as you can to importing as little as you can. For me now, instead of getting 40p for 8kW generated, I'm storing that and using it instead of importing 8kW at a few quid. 

 

At the current energy prices, even panels with no battery, or a battery on its own making use of agile tariffs can be justified, you just need to be a bit disciplined about when you do the heavy load stuff like washings etc

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3 hours ago, strichener said:

Not really.  Subsidies is one of the reasons why bills are rising.  It is not possible to be providing generators 50p+ per kWh and expect prices to stay in the low double digits, certainly not when you are switching off other sources of electricity.

We don't expect to get subsidies when we need to replace a roof on a house or upgrade radiators in a house.  Why should we expect to receive them for installation of energy converting equipment?

You do realise that electrical generation is predicated upon subsidies or other routes to market don't you?

Hinckley Point, for example, has guaranteed income.

Your roof and radiator analogy is not relevant.

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3 hours ago, strichener said:

Not really.  Subsidies is one of the reasons why bills are rising.  It is not possible to be providing generators 50p+ per kWh and expect prices to stay in the low double digits, certainly not when you are switching off other sources of electricity.

We don't expect to get subsidies when we need to replace a roof on a house or upgrade radiators in a house.  Why should we expect to receive them for installation of energy converting equipment?

Just looking at some of the information that is out there about the new Hinkley Point C nuclear power station. The station once built will generate 3260MW, and the projected build cost is currently about £25 billion. That makes a cost of slightly over £7500 per KW of generation capacity.

Looking at solar panels on the Energy Saving Trust website, it gives guidance values of £6500 for the installation of solar panels capable of producing 4KW, or about £1600 per KW.

So the cost of building nuclear is over 4 times the cost of installing solar, never mind the ongoing running costs which no doubt will be far higher with nuclear. I know that solar is not a complete solution, but wouldn’t it be better for the govt to help pay for the mass installation of solar panels and reduce the need for expensive power stations. Nuclear power stations are not built for free. Huge subsidies will be given to the companies that build and run them, so why is it wrong to give subsidies for micro generating stations in the form of home solar panels?

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1 hour ago, Soapy FFC said:

Just looking at some of the information that is out there about the new Hinkley Point C nuclear power station. The station once built will generate 3260MW, and the projected build cost is currently about £25 billion. That makes a cost of slightly over £7500 per KW of generation capacity.

Looking at solar panels on the Energy Saving Trust website, it gives guidance values of £6500 for the installation of solar panels capable of producing 4KW, or about £1600 per KW.

So the cost of building nuclear is over 4 times the cost of installing solar, never mind the ongoing running costs which no doubt will be far higher with nuclear. I know that solar is not a complete solution, but wouldn’t it be better for the govt to help pay for the mass installation of solar panels and reduce the need for expensive power stations. Nuclear power stations are not built for free. Huge subsidies will be given to the companies that build and run them, so why is it wrong to give subsidies for micro generating stations in the form of home solar panels?

Take this primary school arithmetic somewhere else.

2 hours ago, sophia said:

You do realise that electrical generation is predicated upon subsidies or other routes to market don't you?

Hinckley Point, for example, has guaranteed income.

Your roof and radiator analogy is not relevant.

Electrical generation subsidies are inter-sector.  That is why PV should be able to be installed without government subsidy.  Hinckley will get the minimum guaranteed price from the consumer, not the government.  Based on the current CfD and market prices, there would be no subsidy at all.

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23 minutes ago, strichener said:

Take this primary school arithmetic somewhere else.

Electrical generation subsidies are inter-sector.  That is why PV should be able to be installed without government subsidy.  Hinckley will get the minimum guaranteed price from the consumer, not the government.  Based on the current CfD and market prices, there would be no subsidy at all.

Repeatium repliudum absurdum 

Just admit you got it wrong and that Hinckley doesn't get a subsidy for painting and decorating 

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2 hours ago, Soapy FFC said:

Just looking at some of the information that is out there about the new Hinkley Point C nuclear power station. The station once built will generate 3260MW, and the projected build cost is currently about £25 billion. That makes a cost of slightly over £7500 per KW of generation capacity.

Looking at solar panels on the Energy Saving Trust website, it gives guidance values of £6500 for the installation of solar panels capable of producing 4KW, or about £1600 per KW.

So the cost of building nuclear is over 4 times the cost of installing solar, never mind the ongoing running costs which no doubt will be far higher with nuclear. I know that solar is not a complete solution, but wouldn’t it be better for the govt to help pay for the mass installation of solar panels and reduce the need for expensive power stations. Nuclear power stations are not built for free. Huge subsidies will be given to the companies that build and run them, so why is it wrong to give subsidies for micro generating stations in the form of home solar panels?

what happens for the half of the year when the sun is set though

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Does anyone have one of these old houses with a chimney?

Maybe going back to coal and or burning wood in a fireplace this winter if you can might be the way to go for some.

 

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37 minutes ago, Snafu said:

Does anyone have one of these old houses with a chimney?

Maybe going back to coal and or burning wood in a fireplace this winter if you can might be the way to go for some.

 

That's what we're thinking.

Hence chopping up old furniture over the past few days, which were about to go to the dump.

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54 minutes ago, Snafu said:

Does anyone have one of these old houses with a chimney?

Maybe going back to coal and or burning wood in a fireplace this winter if you can might be the way to go for some.

 

I do but the urchin we send up to clean it got stuck on Tuesday, I’m sure as shit not paying the cost of getting him removed.  Hopefully he will have dislodged by the time the cold weather sets in.

 

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7 hours ago, sophia said:

Repeatium repliudum absurdum 

Just admit you got it wrong and that Hinckley doesn't get a subsidy for painting and decorating 

What did I get wrong.  How much to the nearest £0 has Hinckley C had in subsidies so far and how much will it get in subsidies in total?

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3 hours ago, Snafu said:

Does anyone have one of these old houses with a chimney?

Maybe going back to coal and or burning wood in a fireplace this winter if you can might be the way to go for some.

 

Except if you have a council house in Aberdeenshire, where as part of the council's commitment to reduce carbon footprints they are blocking chimneys and installing electric heating.  Fucking madness, even without the price increases, electric was the most expensive way of generating heat for your home.

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13 minutes ago, strichener said:

Except if you have a council house in Aberdeenshire, where as part of the council's commitment to reduce carbon footprints they are blocking chimneys and installing electric heating.  Fucking madness, even without the price increases, electric was the most expensive way of generating heat for your home.

Are they forcing people to have their chimneys blocked?  Or incentivising it by offering cheap electric heating or something?

Madness regardless.

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20 minutes ago, Duries Air Freshener said:

Are they forcing people to have their chimneys blocked?  Or incentivising it by offering cheap electric heating or something?

Madness regardless.

Agree. A Tory/Libdem/Independent coalition (with the Tories as lead partners) is always likely to have some absolutely mental policies.

Well done you.

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