The Energy Cap

caveat_emptor

Got my Octopus tariff today and it shows an increase of about 50% on what I paid Avro. i guess that is why Avro went bust. But I'm a bit confused on the subject of the Energy Cap. How can I find out what my Cap should be and if I'm paying over or under it?

Ultrasonic

You will be paying very slightly less than dictated by the cap.

Have a read of the following thread if you really want to get into the details:

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

caveat_emptor

Ultrasonic said:

You will be paying very slightly less than dictated by the cap.

Have a read of the following thread if you really want to get into the details:

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

Thanks for that, will read. Just to confuse matters further I logged on to Octopus website and my 'new quote' is totally different (about 50% more) than that quoted in my emailed quote.  Not at all happy with the Octopus 'organisation'

MWT

caveat_emptor said:

Ultrasonic said:

You will be paying very slightly less than dictated by the cap.

Have a read of the following thread if you really want to get into the details:

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

Thanks for that, will read. Just to confuse matters further I logged on to Octopus website and my 'new quote' is totally different (about 50% more) than that quoted in my emailed quote.  Not at all happy with the Octopus 'organisation'

Not sure what you are looking at, but your account should show that your current tariff is the one they described in the email.

If you look at alternative quotes you'll see some fixed tariffs that you will not want to switch to.

worrywart_3

caveat_emptor said:

Ultrasonic said:

You will be paying very slightly less than dictated by the cap.

Have a read of the following thread if you really want to get into the details:

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

Thanks for that, will read. Just to confuse matters further I logged on to Octopus website and my 'new quote' is totally different (about 50% more) than that quoted in my emailed quote.  Not at all happy with the Octopus 'organisation'

Your on a deemed tarrif which is under wholesale octopus are selling you your energy for less than if costs helped by Ofgem they have set it at £10 under the cap, the quotes you are seeing are for new customers not on a deemed tarrif and ones where there may be a profit on they aren’t relevant to you right now, there’s nothing for you to be unimpressed about your getting the best deal you can better than other solr are offering which is right on fhe cap. You have misunderstood, the cap isn’t a cap on the amount you will pay it’s a cap on unit prices so the more you use the more you pay.