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Rising fuel prices

(9 Posts)
Mollygo Fri 01-Nov-24 17:56:16

Re Rising fuel prices: I’ve just been told by our provider, that if I get a heat pump (around £14,000), I’ll get reduced price electricity at certain times of day and free electricity in Dec 2025).
If all those who can afford heat pumps are getting price reductions who’s going to make up the shortfall in payments?

crazyH Fri 01-Nov-24 18:13:10

How long will it take you to get back your original investment of £14000 ?

Mollygo Fri 01-Nov-24 20:12:28

No idea. They did say the last government, so presumably this government too, would give me a discount but I still can’t afford it.

I just want to know if all those without a heat pump are going to pay more for the shortfall?

What makes me ask?

When we got a water meter, our payments went from £72 pm to £10 pm.

I asked then, where would the missing money come from if lots more people got a meter and their payments reduced.
Guess what?
The water costs have just gone up.

Would our fuel costs go up even more to replace the lower payments for those with heat pumps?

Jane43 Mon 04-Nov-24 02:45:55

Mollygo if you are considering buying a heat pump please be aware that most radiators aren’t big enough to make the heat pump effective. A guideline is that radiators need to be 2.5 times larger which to me would be out of the question.

Mollygo Mon 04-Nov-24 09:34:54

Thanks Jane43
They asked how many radiators, but only asked about the size of the pipes to the radiators.

It seems that those, who can’t afford heat pumps, are doomed to paying more for our electricity than those who can.
A sneaky way of benefitting the rich whilst handicapping the poor.

OldFrill Mon 04-Nov-24 13:46:23

There are many and various tariffs, so a separate heat pump tariff isn't significant. In order to get take up there has to be incentives as it's no mean investment.
There's quite a simple way of checking if your radiators will give out enough heat, just Google it for more info.
I'm more concerned about how badly the countryside/farmland is endangered by wind turbines and battery storage facilities.

Mollygo Mon 04-Nov-24 13:56:33

This is the info I was given. I copied and pasted it.
Peace of mind guaranteed. Get 7 years of free service and maintenance, save £1,150, which includes a 7-year warranty

Next Christmas is on us. Once you've installed your heat pump, we’ll give you free electricity throughout December 2025

There are no peaks, only savings. Enjoy cheaper rates twice daily (every day 4-7am, 1-4pm)

So if you can’t afford a heat pump, or your house is not suitable you don’t get free electricity in December 2025 or 6 hours of cheaper rates 365 days per year.
But you may be making up the shortfall from payments by those who do get that free electricity or cheaper rates.

Mollygo Mon 11-Nov-24 15:37:32

North South divide on smart meters
www.bbc.co.uk/news/articles/cq52382zd1no

On BBC News today.

keepingquiet Mon 11-Nov-24 15:40:03

How depressing.