Energy Local The guide 6 – electricity prices – en

The Guide 6

Welsh

Electricity prices

We will use the example of the Energy Local Cyd Ynni Bethesda club with Afon Berthan hydro.

At some times of day it will be possible to match all of your electricity use to electricity that is being generated by the Afon Berthen hydro. At other times your electricity use will be bigger than your share of the hydro and you will buy this extra electricity from Cooperative Energy.

This extra electricity will cost different amounts at different times. This is indicative of the Time of Use (TOUT) that will be offered for Energy Local.  The exact prices will be confirmed at the time of switching and will be in line with the fixed tariffs offered at the time.

Your electricity prices

 

 

 

 

 

 

 

So how much will I end up paying?
You will use a mixture of electricity that can be matched to the hydro, and electricity charged at different prices at different times of day. Below are some examples of how that would work during two different times of day and what your use might look like at the end of the month.

Your Friday Evening Use – Hydro Power plus extra electricity at Evening Peak price
It’s Friday evening between 5pm and 6pm, and you’re at home, using electricity to cook dinner and watch TV. During that hour you use 2kWh of electricity.

  • 1kWh of this is matched to your share of the hydro and is charged on the ‘match’ price of e.g. 8.5p/kWh
  • The extra 1kWh from Cooperative Energy is charged on the Evening Peak price of 17p/kWh.The total cost of the electricity you use is 25.5 pence. You’ve used 1kWh of cheap Hydro Power and 1kWh of expensive Evening Peak power so overall the cost of your electricity for this time is similar to typical flat rate prices.

Your Sunday Afternoon Use – Hydro Power plus extra electricity at the Middle of the Day price
It’s Sunday afternoon between 1 and 2pm and you’re at home, using electricity to cook a big family dinner and run the washing machine. During that hour you use 2kWh of electricity.

  • 1kWh of this is matched to your share of the hydro and is charged on the ‘match’ price of e.g. 8.5p/kWh
  • The other 1kWh from Cooperative Energy is charged on the Middle of the Day price of 13p/kWh.
  • The total cost of the electricity you use is 21.5 pence.  You’ve used cheap hydro power and cheaper Middle of the Day power so you have saved money compared to typical flat rate prices.

How to save the most.
We expect everybody who is part of Energy Local Club will save money on their electricity bill. To achieve the biggest savings, remember these three key points:

  • Do the things you can to be more energy efficient
  • Match your electricity use to times when your share of the local generation is likely to be bigger.
  • Reduce the amount of electricity you use at peak times.