Where is the kWh price heading in 2023?

[Marvin]

There are signs in markets that suggest after the 2022/2023 winter that prices will collapse.....

 

But will they? And if they do would it only be part of wave cycle theory which says the price will fluctuate much more than usual but on a steeper upward path for years

 

Personally I think the wave theory will prevail as humans are predisposed to greed and fear.

[Marvin]

Here comes the fear..  

[ProDave]

1 hour ago, Marvin said:

Here comes the fear..  

Where?  Link?

 

More to the point will the kind government be dishing out grants again next winter like they did this winter (that funded my entire years heating bill)?

[Marvin]

1 hour ago, ProDave said:

Where?  Link?

 

More to the point will the kind government be dishing out grants again next winter like they did this winter (that funded my entire years heating bill)?

Hi @ProDave 😆😆 

Just wait. People are using less power....

 

We differ on the grants. The more the "kind government" dishes out the more in debt WE become the more interest WE will pay, the more TAXATION we will face in the future. The more in debt WE become.

 

Edited February 17, 2023 by Marvin

[Marvin]

Yes its going down at the moment......

[SteamyTea]

On 17/02/2023 at 19:31, Marvin said:

The more the "kind government" dishes out the more in debt WE become the more interest WE will pay, the more TAXATION we will face in the future. The more in debt WE become.

Headlines

Total HM Revenue and Customs (HMRC) receipts for April 2022 to January 2023 are £660.0 billion, which is £65.1 billion higher than in the same period a year earlier 

 

https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-monthly-bulletin

 

 

[Marvin]

1 hour ago, SteamyTea said:

Headlines

Total HM Revenue and Customs (HMRC) receipts for April 2022 to January 2023 are £660.0 billion, which is £65.1 billion higher than in the same period a year earlier 

 

https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-monthly-bulletin

 

 

Hi @SteamyTea

That's interesting. I wait with baited breath to see how this pans out. Most payments made in Dec/Jan 2023 are for tax due on the work in the tax year 2021 to 2022.

 

Interest on money borrowed is now 8 times more expensive than 1 year ago.

 

The UK debt is presently about £2.4 trillion pounds. at 4% that would be about £263,000,000 interest a day.... Luckly most is at a lower rate of about 0.5% so only £32,000,000 a day.

 

 

Edited February 21, 2023 by Marvin
spelling error

[SteamyTea]

Anyone taken any notices of what the UK's Banks made last year.

£39bn, or about £600 for every person in the country.

[Marvin]

Hi @ProDave  and @SteamyTea

 

Well time has moved on and as suggested things are becoming tougher.

 

Has the kWh price gone down?

Will it go down before the end of the year?

 

Yes the greed of banks has come back to bite them.

On 21/02/2023 at 19:21, Marvin said:

Luckly most is at a lower rate of about 0.5% so only £32,000,000 a day.

Borrowing agreed now will be at a higher rate. How much did the uk borrow in February? £16.7billion. Typical 10 year bond now at 3.6% about £1.5m interest a day just for the loan ade in February!

 

I expect that with tougher time ahead the kWh price will drop towards the end of the year. Time will tell.