Cost of electric?

[ericmark]

I got an email saying export reduced from 15p/kWh to 12p/kWh and then two emails.

We all look at batteries and solar, and what our payback time will be, we are working out costs years ahead, it will likely take between 6 and 10 years to get my investment back, but with changes like this, how do we decide?
I watched

Jonathan Tracey says his standing charge has gone up, and so has mine, now I can see the cost of electric changing, but within a month the standing charge going up, at what point will it be better to have a diesel generator in the garden? Well TVO would be better, then it can run on my heating oil.

 

[JohnW2]

We all look at batteries and solar, and what our payback time will be, we are working out costs years ahead, it will likely take between 6 and 10 years to get my investment back...

Indeed, which is why I always say than an 'investment' which means that we will be 'worse off' for the next 6-10 years seems to make very little sense for people of our age

 

[Murdochcat]

And do you factor in the loss of interest you would have gained if you haven’t spent to money?

I don’t

 

[JohnW2]

And do you factor in the loss of interest you would have gained if you haven’t spent to money?

A long time ago, that was a significant issue, but the amount of interest one can get on invested money these days, it's probably far less of an issue.

Mind you, as I understand it, far from using capital (which they could otherwise have invested) many people are actually buying these expensive installations 'on credit' - so, not only aren't they getting any interest, they are actually paying interest!

 

[AndyPRK]

and increase in house insurance due to the large batteries

 

[JohnW2]

and increase in house insurance due to the large batteries

Yes, maybe that, too.