Energy news in general

Gerry1

gt94sss2 said:

Some lucky Octopus Energy customers!

https://www.telegraph.co.uk/bills-and-utilities/gas-electric/glitch-gives-thousands-energy-customers-free-gas-dont-have/

The Telegraph seems to have lifted, without attribution, a story that first appeared in the i yesterday.  That's poor form anyway, but the Telegraph's so-called journalist went on to make several schoolboy howlers (except that she's a girl !).

• twice referring to gas metres (sic);
• wrongly calculating that 100 - 99.9 = 0.01;
• wrongly stating that annual energy bills are limited to £2,500.

However, neither the i nor the Telegraph bothered to give the story the further investigation that it deserved.  The Octopus email didn't explain the issue fully, merely suggesting that it involved imperial meters billed as though they were metric.  On its own, that would have resulted in kWh usage that was only 2.83 times smaller.

Perhaps the Octopus emailer wasn't too clued up or was exaggerating the amount by which customers had benefited from the mistake, but no-one emerges from this fiasco with much credit.

superkoopauk

Gerry1 said:

michaels said:

Have the EPG April unit prices been revealed yet?

Revealed next Monday...

To be pedantic the price cap levels will be announced by Ofgem on Monday.  The EPG discount values usually come out from government a few days later.

markin

ScottishPower reports retail loss as consumers cut back on energy use

https://www.theguardian.com/business/2023/feb/22/scottishpower-reports-retail-loss-as-consumers-cut-back-on-energy-use

"However, ScottishPower made a loss of £18m in its retail business – which, with 4.7 million customers, is the sixth biggest supplier – after slumping from a £3m profit the year before.

ScottishPower said that total volumes of gas it supplied to households, sourced from wholesale suppliers, fell 18.3% in 2022 while electricity use was down 4.5%.

The figures are among the first indicators of the scale at which households and businesses reduced their energy usage amid higher bills last year."


 And i bet everyone thinks Scotland owns SP !

Mstty

Ofgem price cap announcement

https://www.ofgem.gov.uk/publications/ofgem-announces-latest-quarterly-price-cap-update?

From 1 April the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 51p per kWh for electricity customers and a standing charge of 53p per day. The equivalent per unit level for a typical gas customer is 13p per kWh with a standing charge of 29p per day.  

t0rt0ise

Mstty said:

Ofgem price cap announcement

https://www.ofgem.gov.uk/publications/ofgem-announces-latest-quarterly-price-cap-update?

Figures are here.. https://www.ofgem.gov.uk/sites/default/files/2023-02/Default%20tariff%20cap%20level%20-%201%20April%202023%20-%2030%20June%202023.pdf

molerat

Looks like a big hike in electric SC and the previous 2 high areas are no longer highest.  Cornwall Insights got the cap about right but were a bit off on the SC.  Looks like mine is going to be 59p from 51p

SnakePlissken

Martin lewis said this morning that its 50/50 on uk gov not cutting support and offsetting the 20% rise. He has been pushing uk gov to continue support

We will see in budget whether support continues or not.

Mstty

molerat said:

Looks like a big hike in electric SC and the previous 2 high areas are no longer highest.  Cornwall Insights got the cap about right but were a bit off on the SC.  Looks like mine is going to be 59p from 51p

£299.30 for dual fuelers on average😳

michaels

You might want the answer to a simple question such as:
How much will the SC be?
How much will the price per unit be under the EPG?

But it seems this info is deliberately hidden

EssexHebridean

michaels said:

You might want the answer to a simple question such as:
How much will the SC be?
How much will the price per unit be under the EPG?

But it seems this info is deliberately hidden

Not so much hidden, just that the government are still wavering about which way to jump on the EPG, I suspect. As I see it, there are three options. 
Leave it where it is and please a lot of people- including the numerous organisations that are backing Martin's call for them to do just that.
Increase the level to the planned £3k - and risk toppling yet more people over the edge into full on heating-or-eating territory (Although allowing for the time of year it will come into effect, not so much of an impact as it might have had)
Split the difference between the two at £2750 - but realistically this will probably please nobody. It would however be being "seen to do something".