Credit of €89.10 this October

irishchris

I had read of suggestion long time back that the pso may be scraped for this year but hadn't heard anything recently so apologies if this has been posted somewhere already.

Pso for the next year kicks in at end of October and as well as being got rid of for the year it will be a minus figure meaning credit of €89.10 on all bills. Can see this year being an actual profit for first time ever between this, fit payment and government credit 😃

yankinlk

It's not cool to brag about how small our bills are. Only tell people when they ask.... "so how them solar panels working out? "

irishchris

https://www.boards.ie/discussion/comment/119658292#Comment_119658292

Best to keep it on the hush hush alright 😁

The PSO was always an annoyance of mine so good to see it in minus for a change though. Now just need them to cap those ridiculous standing charges to a more realistic level

Punchin A Keyboard

https://www.boards.ie/discussion/comment/119658292#Comment_119658292

So something like the long term multi year investment in solar is paying off the emphasis is that it cost you to get you where you are now.

the_amazing_raisin

https://www.boards.ie/discussion/comment/119658694#Comment_119658694

Hey I'll pay the PSO if it means more renewables

It's the standing charge that pi$$es me off the most

irishchris

https://www.boards.ie/discussion/comment/119658828#Comment_119658828

True and as bad as the energy crisis is now at least the fit and higher rates are cutting years off the payback

irishchris

https://www.boards.ie/discussion/comment/119659705#Comment_119659705

And the sooner that is dealt with the better. Government are suggesting they will look at some thing in relation to standing charges with the budget. Not sure what they can do but will be interesting to see

the_amazing_raisin

https://www.boards.ie/discussion/comment/119659723#Comment_119659723

I'm sure whatever it'll be will be watered down as much as possible to suit the suppliers

Ideally the standing charge would be fixed across all suppliers and determined by someone like the MIC of the customer. The bigger the connection you have then you pay more for maintaining infrastructure

Then suppliers are forced to complete on the unit rate. And I suspect the true cost of energy from some of the suppliers would soon become apparent if that were the case

Altreab2

https://www.boards.ie/discussion/comment/119659780#Comment_119659780

I recently did a spreadsheet to see the actual cost including all the fixed charges for the suppliers and found there was Feck all difference in the final bill costs. Quiet big differences in fixed costs to compensate for lower unit costs.

the_amazing_raisin

https://www.boards.ie/discussion/comment/119659870#Comment_119659870

Out of curiosity, what consumption did you use in those calculations?

When you're a high user of electricity, I've noticed that the difference in the unit rates really makes a big difference in the final cost

For example, Energia is cheaper for me right now despite having one of the highest standing charges

Altreab2

https://www.boards.ie/discussion/comment/119660294#Comment_119660294

I used my average kilowatt consumption for the previous 3 bills.