Energy Prices, Cheap Or Green, Which Would You Go For?

[dave50]

Personally, if we had a choice, which we should then that would determine the popularity of the green agenda, cheap every time.

[barry1010]

My energy company tells me that they provide me with green electricity (I went with them because they were the cheapest). This is clearly a lie. I get the same electricity no matter who I pay.

[Gromit]

The cost of wholesale gas has sky rocketed.
The is no green alternative.
Electricity from renewable sources is no more expensive than from fossil fuels.
So the choice in the question is mistaken.

https://get-green-now.com/cost-of-renewable-energy-vs-non-renewable-fossil-fuels/

[evadora]

My energy is due for renewal in October and I have been sent An update of the new tariffs etc. I am a dual fuel customer but wht does the following mean??:- 100% of your electricity use on this tariff matched with renewable electricity by buying Guarantees of Origin certificates (GoOs) or Renewable Energy Guarantee of Origins certificates (REGOs) or both.

[Gromit]

Last year more electricity was generated from renewable sources than from fossil fuels. Energy providers know the amount of energy their customers are using, and purchase that from wind or Hydro generators.
Buying for 9 million customers gives the energy companies a lot of clout when negotiating contracts from energy providers.

[evadora]

Thank you Gromit, I think I get the picture.

[Gromit]

evadora

Green certificates are a bit dubious.
As I said earlier, gas is not green. Electricity can be green. Your provider is buying its electricity from a clean source such as a wind farm or Hydro scheme. The certificates are ‘proof’ that they have purchased green electric.
But the electric in the National Grid comes from many sources including dirty coal and gas generated electric. The electric that you use has no guarantee to be green, even if your provider has all the certificates.

[evadora]

Got it - Many Thanks - | think I will look around especially as they want to increase my D/D by £20 a month and I am £100 in credit!

[Gromit]

evadora

They will be factoring in the steep rise in wholesale gas charges.

[Gromit]

Gas wholesale prices are up 127% Electricity wholesale prices are up 49%, on last year.

Read more: https://www.which.co.uk/news/2021/06/its-summer-why-is-your-energy-bill-increasing/ - Which?

[evadora]

Thank you for the link, interesting reading. It seems that I will have to
think about reducing my usage as I certainly do not want to end up in debt to the fuel company and get disconnected. I will find it hard enough to pay the extra £20 a month as it is.

[Gromit]

Just been doing a bit of research into WHY the cost of gas has risen by 127%. I think we are being conned.

During the pandemic the demand for gas has fallen and wholesale prices plummeted. But our tariffs and monthly payments were never reduced.
Now that the world is getting back to normal, demand has risen so wholesale prices are rising back to normal. But they are calling that a huge increase and they will pass that on to us.

// OffGem: Wholesale gas, the global market has begun to recover from the demand reduction caused by the pandemic over the first half of 2020. As global demand has increased, global gas prices have increased, which in turn increases the GB market price as global supplies play an integral role in GB. Gas prices have increased fivefold since the crash in March/April last year and have now returned to pre-pandemic levels. //

[evadora]

If gas prices have increased back to pre-pandemic levels why are they saying we will pay more?? My payments never reduced during the pandemic, so if my usage stays the same then my paymnets should be enough. In another 4 years I will be entitled to the winter fuel payment which should go some way to relieve the worry of whether to heat or not. That is unless the government decide to cut that next.

[piper107]

Gromit
you missed out hydro and nuclear in this country .
nuclear also does not pollute the atmosphere and btw way did you know there is 444 nuclear PowerStations world wide
please no one drone on about Chernobyl or fukushima
sweden has 7 and france 98 we have 13 (now)

[piper107]

my mistake France has 58 not 98

[douglas9401]

I tend to go with a company that will still be in business at the end of the year.