Simple question? what is ofgems price cap per unit.

danlightbulb

bristolleedsfan said:

It has to be said though phone Octopus Energy get answered mostly very quickly and efficiently when customers of other suppliers have difficulty getting calls answered

Maybe that is true but certainly not worth a 1.7p /kWh premium for the privilege!

bristolleedsfan

rjmachin said:

As an example, the Gas price in the midlands via other payment (Direct Debit) is capped at £553.32, which for the standard use of 12,000 kWh is 4.611p per kWh

0.04611p per kWh

jimjames

Chrysalis said:

QrizB said:

See this thread:

https://forums.moneysavingexpert.com/discussion/6298022/energy-price-cap-explained-please

QrizB said:

Details of the cap are published on Ofgem's website. From the notes to the press release:

The price cap is a cap on a unit of gas and electricity, with standing charges taken into account. It is not a cap on customers’ overall energy bills, which will still rise or fall in line with their energy consumption. From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.

Note "to the nearest pence"; prices a little over 21p/kWh and a little over 4p/kWh are alowed. Also the Standing Charge is capped to around 25p/day. There is more info for consumers here.

Thank you I will update the reddit post.  God knows how you found it, me and others spent hours looking for it, but it confirms what I said, the cap is way below the current Octopus fixed term deal.

Thanks for asking the question originally, it was something I was struggling to find too. I've done some calcs for my consumption and it looks like for gas it will be 4.95p per kWh and 29.3p for standing charge.

https://damn-lies-and-statistics.blogspot.com/2021/09/electricity-gas-price-cap-unit-rate.html

These numbers are much higher than my current deal but the variable tariff is still showing as 3.32p per kWh when fixed is over 6p so I can't see that lasting for much longer.

https://www.zogenergy.com/our-tariffs

bristolleedsfan

jimjames said:

Chrysalis said:

QrizB said:

See this thread:

https://forums.moneysavingexpert.com/discussion/6298022/energy-price-cap-explained-please

QrizB said:

Details of the cap are published on Ofgem's website. From the notes to the press release:

The price cap is a cap on a unit of gas and electricity, with standing charges taken into account. It is not a cap on customers’ overall energy bills, which will still rise or fall in line with their energy consumption. From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.

Note "to the nearest pence"; prices a little over 21p/kWh and a little over 4p/kWh are alowed. Also the Standing Charge is capped to around 25p/day. There is more info for consumers here.

Thank you I will update the reddit post.  God knows how you found it, me and others spent hours looking for it, but it confirms what I said, the cap is way below the current Octopus fixed term deal.

Thanks for asking the question originally, it was something I was struggling to find too. I've done some calcs for my consumption and it looks like for gas it will be 4.95p per kWh and 29.3p for standing charge.

Energy cap for gas from 1 October is not 4.95pkwh in any region

Taken from E.ON Next variable rate quote  Unit rate 4.04p per kWh   Tariff Comparison Rate (TCR) 4.09p per kWh

QrizB

Deleted - the blog has been corrected.

jimjames

QrizB said:

jimjames said:

Thanks for asking the question originally, it was something I was struggling to find too. I've done some calcs for my consumption and it looks like for gas it will be 4.95p per kWh and 29.3p for standing charge.

https://damn-lies-and-statistics.blogspot.com/2021/09/electricity-gas-price-cap-unit-rate.html

If you own that blog, you've got it hilariously wrong.

The cap for 12000kWh is inclusive of the standing charge. The rate would only be 4.95p/kWh if you had zero standing charge. If the SC is exactly £107.01/yr, each kWh can't be more than (594.94-107.01)/12000 = 4.066p/kWh.

Thanks, that's handy to know but it's now fixed and hopefully shows correct numbers but makes it even more sensible to stay on variable tariff.

jimjames

Chrysalis said:

QrizB said:

See this thread:

https://forums.moneysavingexpert.com/discussion/6298022/energy-price-cap-explained-please

QrizB said:

Details of the cap are published on Ofgem's website. From the notes to the press release:

The price cap is a cap on a unit of gas and electricity, with standing charges taken into account. It is not a cap on customers’ overall energy bills, which will still rise or fall in line with their energy consumption. From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.

Note "to the nearest pence"; prices a little over 21p/kWh and a little over 4p/kWh are alowed. Also the Standing Charge is capped to around 25p/day. There is more info for consumers here.

Thank you I will update the reddit post.  God knows how you found it, me and others spent hours looking for it, but it confirms what I said, the cap is way below the current Octopus fixed term deal.

As a challenge I thought it might be interesting to do a calculator so you can see at a glance what the rates are rather than just seeing the annual totals.

https://r6fd51uoetngaqh-db202106081427.adb.uk-london-1.oraclecloudapps.com/ords/r/apex_live/energy-price-calculator

Any feedback would be welcome. Next stage is to allow calculation of your own usage by entering numbers but first was to show the Ofgem price cap values.

bristolleedsfan

jimjames said:

Chrysalis said:

QrizB said:

See this thread:

https://forums.moneysavingexpert.com/discussion/6298022/energy-price-cap-explained-please

QrizB said:

Details of the cap are published on Ofgem's website. From the notes to the press release:

The price cap is a cap on a unit of gas and electricity, with standing charges taken into account. It is not a cap on customers’ overall energy bills, which will still rise or fall in line with their energy consumption. From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.

Note "to the nearest pence"; prices a little over 21p/kWh and a little over 4p/kWh are alowed. Also the Standing Charge is capped to around 25p/day. There is more info for consumers here.

Thank you I will update the reddit post.  God knows how you found it, me and others spent hours looking for it, but it confirms what I said, the cap is way below the current Octopus fixed term deal.

As a challenge I thought it might be interesting to do a calculator so you can see at a glance what the rates are rather than just seeing the annual totals.

https://r6fd51uoetngaqh-db202106081427.adb.uk-london-1.oraclecloudapps.com/ords/r/apex_live/energy-price-calculator

Any feedback would be welcome. Next stage is to allow calculation of your own usage by entering numbers but first was to show the Ofgem price cap values.

None of these figures are correct for North West even when putting in 2900 E, 12000 Gas

Whatever usage I put into E.ON Next quote page e.g  E usage 1. flex variable tariff results show same unit rates as well as same TCP rate

Price Cap Tariff Rates

Gas Rate (pence per kWh)

4.06

Gas Standing Charge (pence per day)

29.32

Electricity Rate (pence per kWh)

20.21

Electricity Standing Charge (pence per day)

27.59

Actual Price Cap Tariff Rates

4.04p per kWh
26.12p per day

20.14p per kWh

24.38p per day

jimjames

bristolleedsfan said:

jimjames said:

Chrysalis said:

QrizB said:

See this thread:

https://forums.moneysavingexpert.com/discussion/6298022/energy-price-cap-explained-please

QrizB said:

Details of the cap are published on Ofgem's website. From the notes to the press release:

The price cap is a cap on a unit of gas and electricity, with standing charges taken into account. It is not a cap on customers’ overall energy bills, which will still rise or fall in line with their energy consumption. From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.

Note "to the nearest pence"; prices a little over 21p/kWh and a little over 4p/kWh are alowed. Also the Standing Charge is capped to around 25p/day. There is more info for consumers here.

Thank you I will update the reddit post.  God knows how you found it, me and others spent hours looking for it, but it confirms what I said, the cap is way below the current Octopus fixed term deal.

As a challenge I thought it might be interesting to do a calculator so you can see at a glance what the rates are rather than just seeing the annual totals.

https://r6fd51uoetngaqh-db202106081427.adb.uk-london-1.oraclecloudapps.com/ords/r/apex_live/energy-price-calculator

Any feedback would be welcome. Next stage is to allow calculation of your own usage by entering numbers but first was to show the Ofgem price cap values.

None of these figures are correct for North West even when putting in 2900 E, 12000 Gas

Whatever usage I put into E.ON Next quote page e.g  E usage 1. flex variable tariff results show same unit rates as well as same TCP rate

Thanks. Is it possible that the E.On numbers are using the old cap as it's not yet October? Can you post the numbers they're showing so I can compare calcs? As far as I'm aware the numbers are the maximum they can charge so their tariffs may be slightly lower.

bristolleedsfan

jimjames said:

bristolleedsfan said:

jimjames said:

Chrysalis said:

QrizB said:

See this thread:

https://forums.moneysavingexpert.com/discussion/6298022/energy-price-cap-explained-please

QrizB said:

Details of the cap are published on Ofgem's website. From the notes to the press release:

The price cap is a cap on a unit of gas and electricity, with standing charges taken into account. It is not a cap on customers’ overall energy bills, which will still rise or fall in line with their energy consumption. From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.

Note "to the nearest pence"; prices a little over 21p/kWh and a little over 4p/kWh are alowed. Also the Standing Charge is capped to around 25p/day. There is more info for consumers here.

Thank you I will update the reddit post.  God knows how you found it, me and others spent hours looking for it, but it confirms what I said, the cap is way below the current Octopus fixed term deal.

As a challenge I thought it might be interesting to do a calculator so you can see at a glance what the rates are rather than just seeing the annual totals.

https://r6fd51uoetngaqh-db202106081427.adb.uk-london-1.oraclecloudapps.com/ords/r/apex_live/energy-price-calculator

Any feedback would be welcome. Next stage is to allow calculation of your own usage by entering numbers but first was to show the Ofgem price cap values.

None of these figures are correct for North West even when putting in 2900 E, 12000 Gas

Whatever usage I put into E.ON Next quote page e.g  E usage 1. flex variable tariff results show same unit rates as well as same TCP rate

Thanks. Is it possible that the E.On numbers are using the old cap as it's not yet October? Can you post the numbers they're showing so I can compare calcs? As far as I'm aware the numbers are the maximum they can charge so their tariffs may be slightly lower.

E.on price to cap maximum, rates are from October 1st, these are rates they quote for North West, same rates for all usage figures input and same rates as other suppliers who price to cap maximum

4.04p per kWh gas
26.12p per day gas

20.14p per kWh E

24.38p per day   E