{"id":7392,"date":"2016-12-16T16:44:43","date_gmt":"2016-12-16T15:44:43","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=7392"},"modified":"2016-12-16T16:44:43","modified_gmt":"2016-12-16T15:44:43","slug":"one-thing-learnt-week-energy-prices","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=7392","title":{"rendered":"One thing we have learnt this week – energy prices"},"content":{"rendered":"

\"DSC_1715\"<\/a>Energy prices seem to be going up and down simultaneously. \u00a0 That’s the news today in the UK.\u00a0 To explain.\u00a0 Most of the big six suppliers are holding off on price increases or even cutting prices but warning of big increases to come in the spring.\u00a0 One supplier is cutting its gas prices but freezing its electricity prices until the spring.\u00a0 It has then warned that electricity prices will increase by quite a lot (nearly 10%).\u00a0 Are these rises justified, -possibly?\u00a0 Brexit has made the pound drop and the cost imported fuels rise (I remember being promised we would have the power to cut VAT on energy bills by 5% but these are bigger rises than that).\u00a0 Wholesale gas prices are said to have risen and France<\/a> is buying up all the spare electricity it can.<\/p>\n

So what’s going on regarding energy prices?\u00a0 As this blog has covered before there have been big hikes<\/a> in energy prices and these have been politically controversial.\u00a0 They without any doubt led to steep cuts in renewable energy\u00a0 and energy efficiency support.\u00a0 The big energy companies are hoping they can get away with if they delay until the spring when energy demand falls.<\/p>\n

This makes we wonder if seasonal differential pricing is one way of dealing with energy price increases.\u00a0 In summer when there is plentiful solar power prices could be very low.\u00a0 In winter they could be higher.\u00a0 People who struggle to pay could save in the summer and use the money to pay for energy in the winter.\u00a0 Its not ideal but it might work and even in the UK this to a certain extent happening anyway with solar pushing wholesale prices right down.\u00a0 Smart meters should so it is said lead to highly variable differential pricing.<\/p>\n

In the meanwhile our book<\/a> has a whole heap of different ways you can save energy.\u00a0 Shop around for the best deal and consider switching to the smaller companies.\u00a0 Happy Christmas.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

Energy prices seem to be going up and down simultaneously. \u00a0 That’s the news today in the UK.\u00a0 To explain.\u00a0 Most of the big six suppliers are holding off on price increases or even cutting prices but warning of big … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[29,17],"tags":[],"class_list":["post-7392","post","type-post","status-publish","format-standard","hentry","category-energy-costs","category-one-thing-we-have-learnt-this-week"],"yoast_head":"\nOne thing we have learnt this week - energy prices - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=7392\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=7392\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=7392\",\"name\":\"One thing we have learnt this week - 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