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New supplier

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  • 21-08-2023 9:24am
    #1
    curioustony
    Registered Users Posts: 226 ✭✭


    I welcome additional competition into the market, but the coverage annoys me.

    https://www.rte.ie/news/business/2023/0821/1400718-new-bill-pay-provider-offers-cheapest-rate-on-market/

    I think it's a bit rich to offer fixed rates when by some (CRU) accounts prices will fall before the end of the year. For me personally, this is a very bad plan (even without standing charges or FIT -- that I cannot find). Everybody's usage is different of course. Smart meters are complex.

    This kind of media 'education' does not help.

    Screenshot_20230821-092130.png

    Folks need more help than the EAB!!

    🌞4.55 kWp, azimuth 136°, slope 24°, 5kW, 🛢️10.9kWh, Roscommon



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    #2
    ColemanY2K
    Registered Users Posts: 886 ✭✭✭ColemanY2K


    https://www.boards.ie/discussion/2058310141/new-supplier

    FIT is 16 cents including VAT

    🌞 7.79kWp PV System. Comprised of 4.92kWp Tilting Ground Mount + 2.87kWp @ 27°, azimuth 180°, West Waterford 🌞



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    #3
    graememk
    Moderators, Home & Garden Moderators Posts: 5,974 Mod ✭✭✭✭graememk


    It's in the terms and conditions

    Screenshot_20230821-110135.png

    Dont see a fit rate,

    I agree EAB is practically useless to anyone that has solar, unit rates and knowing your use are key.



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    #4
    curioustony
    Registered Users Posts: 226 ✭✭curioustony


    Thanks @graememk, @colemam4 those figures didn't help the comparison. The FIT almost covered the standing charges. The total went up a little.

    I think for anybody with a smart meter, the EAB is not helpful. Solar HP and EV make this a lot worse. The CRU needs to put some real effort into education and the media should try harder too.

    🌞4.55 kWp, azimuth 136°, slope 24°, 5kW, 🛢️10.9kWh, Roscommon



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    #5
    con747
    Registered Users Posts: 6,137 ✭✭✭con747


    https://www.boards.ie/discussion/comment/121006680#Comment_121006680

    The CRU needs to be disbanded, a total waste of money on a toothless lazy regulator.

    Don't expect anything from life, just be grateful to be alive.



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    #6
    curioustony
    Registered Users Posts: 226 ✭✭curioustony


    @con747 you could be right. Very good example of regulatory capture and turning a blind eye so others have plausible deniability.

    Then again there may be some teeth there or it might just have been disbanded already. For sure it seems to struggle with a green agenda.

    🌞4.55 kWp, azimuth 136°, slope 24°, 5kW, 🛢️10.9kWh, Roscommon



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    #7
    con747
    Registered Users Posts: 6,137 ✭✭✭con747


    https://www.boards.ie/discussion/comment/121008741#Comment_121008741

    The present situation with wholesale rates and no reduction is proof enough for me, but sure as long as the government hand out free money to help pay the bills why would the suppliers bother being competitive. Flogas are the only ones for whatever reason offering half reasonable rates and I see no valid reason why the bigger suppliers can't compete. Apart from profiteering. Maybe I'm completely wrong.

    Don't expect anything from life, just be grateful to be alive.



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    #8
    curioustony
    Registered Users Posts: 226 ✭✭curioustony


    https://www.boards.ie/discussion/comment/121008770#Comment_121008770

    Yup, the fact that all the supplies hedged at the same time is a bit suspect.

    Any word on the 12 month FIT review?

    🌞4.55 kWp, azimuth 136°, slope 24°, 5kW, 🛢️10.9kWh, Roscommon



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    #9
    con747
    Registered Users Posts: 6,137 ✭✭✭con747


    https://www.boards.ie/discussion/comment/121008793#Comment_121008793

    Not a hope. 😂 . The new entrant Yuno offering 0.16c I think is a joke though unless that's where they think rates are heading.

    Post edited by con747 on

    Don't expect anything from life, just be grateful to be alive.



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    #10
    graememk
    Moderators, Home & Garden Moderators Posts: 5,974 Mod ✭✭✭✭graememk


    https://www.boards.ie/discussion/comment/121008793#Comment_121008793

    Energia has increased their FIT, which ain't a good sign of rates coming down.



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