Energy news in general

WillPS

Why do Ofgem hide the unit rates!

spot1034

WillPS said:

Why do Ofgem hide the unit rates!

Presume it's up to the suppliers to set them taking account of slight flexibility to allow for variation in standing charge.

facade

WillPS said:

Why do Ofgem hide the unit rates!

Because the regions vary, and the supplier can jiggle the standing charge to change the unit rate, as long as the total remains the same.

However, towards the bottom of the press release

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 28p per kWh for electricity customers and 7p per kWh for gas customers

I fixed at 27.962 and 8.4p  so I will pay £224 too much for my gas, not sure what to do now, I still have a few days to drop out of the fix though.

meinnit

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 28p per kWh for electricity customers and 7p per kWh for gas customers

WillPS

facade said:

WillPS said:

Why do Ofgem hide the unit rates!

Because the regions vary, and the supplier can jiggle the standing charge to change the unit rate, as long as the total remains the same.

However, towards the bottom of the press release

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 28p per kWh for electricity customers and 7p per kWh for gas customers

I fixed at 27.962 and 8.4p  so I will pay £224 too much for my gas, not sure what to do now, I still have a few days to drop out of the fix though.

Thank you!

GingerTim

The latest, according to The Times.

emmajones1976

Wow, wasnt expecting a council tax rebate too.

So doing the fix earlier AND getting the £200 back seems alright.

Xbigman

So the Government is lending the energy companies money for a flat one off payment. I'm surprised by that but it does make more sense than the way they seemed to be going to do it. 

Of course its grossly unfair if literally true. A household with a single person (Me) who is a low user is going to benefit a whole lot more than a family. Don't get me wrong, I'm not turning it down. But its not fair. A rebate per KWh would be much fairer.

And the Council tax bit. As I get a council tax reduction of 80% on band B plus a single person reduction on top that would pretty much wipe out my council tax bill. 

And people still on historic long fixes get it all as well.

Not impressed by anything I've read so far.


Darren

Xbigman

Interest rates just went up too.


Darren

savers_united

Xbigman said:

So the Government is lending the energy companies money for a flat one off payment. I'm surprised by that but it does make more sense than the way they seemed to be going to do it. 

Of course its grossly unfair if literally true. A household with a single person (Me) who is a low user is going to benefit a whole lot more than a family. Don't get me wrong, I'm not turning it down. But its not fair. A rebate per KWh would be much fairer.

And the Council tax bit. As I get a council tax reduction of 80% on band B plus a single person reduction on top that would pretty much wipe out my council tax bill. 

And people still on historic long fixes get it all as well.

Not impressed by anything I've read so far.


Darren

Everyone gets the £200 as it's a loan, so it is not free money, you pay it back so it does not matter if your single person or large family.
The council tax is also fixed at £150, for you it may mean you have to pay nothing towards council tax as a result, but if that is the case then you would anyway be classed as vulnerable / low income hence why you have the CT discounts in the first place. So those on lowest incomes will see the biggest benefit of that element.