Fire and Scandi,it's a scheme together with our local authority,and depending on how many people signed up, reflected in the cost. I can't remember how many people signed up, thousands,no,no grants. We have a south facing bungalow, detached, completely unoverlooked,in the SE corner of the UK. We got quotes 10 years ago,was told then it would take 13 years to pay back. No batteries then. It's cheaper now,with 2batteries. Last year it was predicted 10 years to pay back. Now,5. We are future proofing,as it looks as though the next boiler wil have to be electric. At the moment with economy 7,and us doing our best,our fuel bills are over 10% per month of our income. Prediction of £600 rise today and same in September, would mean of course 20%.oh,as regards the lifespan, there is one part you need to insure (forget what's its called) maintenance is pretty basic. My best friend moved into a house last year,with a 30 years old system. Obviously,they are much better now. You do get money from the "feed in tariff" it's not much now, around 3p per kw. People on the old tariff, hubby saw an old work colleague last week,he gets paid a staggering £1000 a year!
It's the price cap that's going up by around £700, which isn't quite the same as bills going up by that amount. It depends on how much your bills are at the moment, and whether your utility company offers anything decent when a contract ends. Fixed tariffs are very hard to come by, so everyone will see a rise in their payments. Some people may be able to make adjustments to their usage, with insulation, draft proofing etc, but unless people can afford to put in a different form of power, it's going to be a huge drain on the pockets of the majority of homeowners/renters.
It's a place where beautiful isn't enough of a word....
I live in west central Scotland - not where that photo is...
OH is feeling smug as he fixed a 4 year deal back in December I think. He did say it was expensive and he didn't know if he'd made the right decision but it looks as though he was right to do so.
This is why it can be such a lottery. I'm not sure I'd have wanted such a long fix [I have the same approach with savings ] but there again- when do the prices ever come back down
It's a place where beautiful isn't enough of a word....
I live in west central Scotland - not where that photo is...
I'm just wondering whether I've got that right @Fairygirl. He might have said fixed until 2024 - I wasn't really paying enough attention! I'll check with him later on.
£200 off our bills this autumn but it gets piled back onto our bills for the next four years. This is apparently reducing the cost of energy? What happened to just taking less tax/vat?
If you can keep your head, while those around you are losing theirs, you may not have grasped the seriousness of the situation.
The cost of gas has gone up and isn't expected to come back down. The Government can't afford to indefinitely remove VAT. The cost of electricity may be decoupled from gas in the medium term if enough renewables and storage come on line and if smart meters are ever properly rolled out. But in the short term, the green levy is primarily applied to electricity, so removing it won't change gas prices much, which is where the pain is for the majority of people
Gardening on the edge of Exmoor, in Devon
“It's still magic even if you know how it's done.”
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@Nanny Beach are you getting part of that covered by govt grants? They are supposed to be available...
It depends on how much your bills are at the moment, and whether your utility company offers anything decent when a contract ends. Fixed tariffs are very hard to come by, so everyone will see a rise in their payments.
Some people may be able to make adjustments to their usage, with insulation, draft proofing etc, but unless people can afford to put in a different form of power, it's going to be a huge drain on the pockets of the majority of homeowners/renters.
I live in west central Scotland - not where that photo is...
I'm not sure I'd have wanted such a long fix [I have the same approach with savings ] but there again- when do the prices ever come back down
I live in west central Scotland - not where that photo is...
“It's still magic even if you know how it's done.”