chowbenter
Established Member
According to change.org are we going to see cheaper fixed rate tariffs return to the market in July? https://www.change.org/p/petition-t...=email&utm_source=petition_update&utm_term=cs
If and when the rates do fall the cost of home batteries and solar should also come down to make them competitive. Pay back periods over 10-20 years are not good selling points .?I hope rates do fall. I don’t think that particular link is a great indicator though. It’s primarily about partitions and people taking action.
The consumers friend Martin Lewis, tends to lean towards the prediction forecasts set out by Cornwall Insight.Latest predictions from Cornwall Insight (one of the more reliable predictors):
Predictions & Insights into the Default Tariff Cap (Price Cap)
Cornwall Insight is a trusted provider of forecast models for the Default Tariff Cap, commonly known as the price capwww.cornwall-insight.com
Its way better than that currently, although admittedly we hit a sweet spot on a fixed tariff last year, at current rates we should hit less than 3 years payback on the battery & solar.If and when the rates do fall the cost of home batteries and solar should also come down to make them competitive. Pay back periods over 10-20 years are not good selling points .?
There is only three two of us in our 3 bed semi so with a typical Winter monthly electrical bill of £100-£120 I can’t, at my stage life see the payback benefits. ?View attachment 17605... we were, but with the right tariff & optimum kit, we save around £200-£250 / month, the key thing is to get the cheapest off peak tariff available, currently octopus @ 7.5p, so in a years time, our monthly cost is going to increase by around £10 / month.
I appreciate that, but were doing a full renovation, so took the opportunity to future proof the house, whilst we had funds (and manpower) available.There is only three two of us in our 3 bed semi so with a typical Winter monthly electrical bill of £100-£120 I can’t, at my stage life see the payback benefits. ?
Not neccesserily. You have ot look at how many hours you get at off peak. I get 90 hours a week off peak (whole weekend), so use less peak electricity. So although my off peak rate is higher, over the week it works out chaeper.View attachment 17605 the key thing is to get the cheapest off peak tariff available,
As I've noted every one is different, but 1/2 - 1 MW per month cost us between £22.5 to £45 (max., as I've ignored the "free" solar ~ 50-100kw per week in summer), hence we should achieve payback in around 3 years, at current rates.Not neccesserily. You have ot look at how many hours you get at off peak. I get 90 hours a week off peak (whole weekend), so use less peak electricity. So although my off peak rate is higher, over the week it works out chaeper.
I was just pointing out to other readers that it's not only the cheapest off peak but for how many hours. Not disputing your figures. (My solar paid for itself in 4.5 years) and everyone has different circumstances and need to do their research and maths.As I've noted every one is different, but 1/2 - 1 MW per month cost us between £22.5 to £45 (max., as I've ignored the "free" solar ~ 50-100kw per week in summer), hence we should achieve payback in around 3 years, at current rates.