It would appear you looked at the wrong chart and table. This page is the right one, but you have to read it properly if you want to get the correct information out of it.

I think you looked at this one. I’ve highlighted a key point that it seems you missed.

You should have actually looked at this one on the same page from the same period.

Also, there’s only a single market for ALL sources, not one for renewables and one for everything else. Whichever source is the highest price is the one that all the others have to be priced at because of the single market. It’s more complicated than this, but that’s ultimately how it works in a nutshell. Most suppliers (OVO included) also buy well in advance (known as hedging), so they cannot immediately pass on savings, but also don’t always immediately pass on increases either.

Renewable sources are cheap, but there’s still a cost to them. Thanks to Linus Media Group, I know that Canada is basically 100% hydroelectric these days meaning their electricity is super cheap - but they still DO NOT get it for free. There’s a cost to building and maintaining the infrastructure and costs involved in generating that power so you ultimately still have to pay even if you’re in Canada, just like you do here in the UK.

There’s no such thing as a free lunch - someone ultimately has to pay!

Hi @FPW unless you have your own direct feed from solar or a wind farm in your back garden neither are free. The infrastructure to keep such things safely working is quite extensive. 
Various people are looking at predictions of wholesale prices for a year or so ahead but every energy company has to bid for their needs to ensure supply continuation for customers. Once the high demand months of winter are through, there will be a better picture of the overall levels and of course the supply vs demand criteria. 

Oh ok, my mistake then, I did look at the wrong chart. 

I'm concerned about the biggest hikes I've seen in energy that are cutting a big chunk into my budget and I'm seeing no end in sight to this madness. For anyone that runs a business reliant on electricity, this is a problem.

And they are still going up and I see no reason for that. Well, of course appart from the hedging of having to buy energy in advance at higher prices as you said, and passing the higher prices onto the customers.

I do have a solar DIY system that I built as a proof of concept on my unit to power all my battery tools but the welders are powered by the mains, obviously. Would love to scale up, but lack of space is an issue.

the title says it all really, will we have to wait for Ovo to become even moderately efficient or will hell freeze over sooner?

Cornwall Insight seem to have the best predictive models for energy prices and they think prices will fall in the summer.

OVO's efficiency has little to do with the high prices.

I’d like to belive this is the case, I guess we’ll just have to wait and see wont we..