MSE News: Ofgem confirms levels for prepayment price cap ahead of April launch

superkoopauk

Hi Wig,

I calculate the cap for your region to be (excluding VAT)

Standing charge 26.190 pence per day
Unit rate 3.189 pence per kWh

Would welcome any confirmation of this from anyone else who has worked it out.

Thanks

phillw

House_Martin wrote: »

OFGEM say these OAPs are not tied to a SV tariff but Joe and Doris and Dorothy and Jim in the real world are actually tied.

They aren't tied, they've made a choice. It might not be a good choice, but unless we get rid of capitalism then there isn't anything that can be done. It would also put Martin out of a job.

Wig

superkoopauk wrote: »

Hi Wig,

I calculate the cap for your region to be (excluding VAT)

Standing charge 26.190 pence per day
Unit rate 3.189 pence per kWh

Would welcome any confirmation of this from anyone else who has worked it out.

Thanks

Hi superkoopauk,

Without standing charge?

EBICO has no standing charge.

superkoopauk

Yes the unit rate cap is independent of the standing charge. I imagine Ebico will introduce a standing charge for PPM if they haven't done so already. Looking at their website it appears they have (under their new agreement with Robin Hood Energy) - 25p a day.

Wig

Yeah, they did, but they promoted it as optional.

Does this mean because they offer an alternative tariff for PPM they do not have to comply with the new cap on their "no standing charge" PPM tariff?

footyguy

superkoopauk wrote: »

Yes the unit rate cap is independent of the standing charge. I imagine Ebico will introduce a standing charge for PPM if they haven't done so already. Looking at their website it appears they have (under their new agreement with Robin Hood Energy) - 25p a day.

Yes, according to Ebico:

Why are you changing tariffs?The Competition and Markets Authority (CMA) is introducing a price cap on pay-as-you-go price plans from April.


This is being implemented with the best intentions – to protect some of the most vulnerable energy customers. Unfortunately, it also means that a zero standing charge pay-as-you-go price plan is no longer commercially viable. Consequently, under our new energy supply partnership with Robin Hood Energy, we have launched two new price plans. Ebico PrePay is exclusively for pay-as-you-go customers. It has a standing charge of 25p per day per fuel. Ebico Zero, for customers who pay by Direct Debit or on receipt of a bill, has a zero standing charge. Both price plans are price-guaranteed until at least December 2017.

https://ebico.org.uk/ebico-news/new-cheaper-gas-and-electricity-tariffs-under-the-new-partnership-with-robin-hood-energy/

Wig

I sent them an email asking them what is going to happen when I don't switch to Ebico Prepay.

I will update when I get a response.

footyguy

Wig wrote: »

I sent them an email asking them what is going to happen when I don't switch to Ebico Prepay.

I will update when I get a response.

If you do not want to move, you will remain on the EquiGas/EquiPower tariff, supplied by SSE. SSE will write to tell you about any significant change to your current terms and conditions, including any increase of price, at least 30 days before it takes effect.

Link as above

Wig

Yeah but how do they square that with the new cap on PPM?

They can't keep me on the same tariff because of the cap.

footyguy

Wig wrote: »

Yeah but how do they square that with the new cap on PPM?

They can't keep me on the same tariff because of the cap.

As indicated earlier

SSE will write to tell you about any significant change to your current terms and conditions, including any increase of price, at least 30 days before it takes effect.

and perhaps consider that in light of the later news that

SSE has now closed EquiGas/EquiPower to new sales and can no longer assure us that the EquiGas/EquiPower tariff will remain in market for a reasonable period of time.

https://ebico.org.uk/ebico-news/new-cheaper-gas-and-electricity-tariffs-under-the-new-partnership-with-robin-hood-energy/