Price Cap

oze1

Sorry if I've missed this elsewhere. Can someone please tell me how many Kwh the price cap is based on (Electric / Gas). All I can find is the amount in £

Thanks

CKhalvashi

I don't believe there is one, as the total will include standing charges.

It will be whatever the total cost is for each, divided by average usage for each as an ultimate cap, but many (as most tariffs are with standing charges) will have their actual cap set slightly lower.

bristolleedsfan

oze1 said:

Sorry if I've missed this elsewhere. Can someone please tell me how many Kwh the price cap is based on (Electric / Gas). All I can find is the amount in £

Thanks

Maximum Benchmark rates https://www.edfenergy.com/sites/default/files/r505_deemed_rate_card.pdf

QrizB

oze1 said:

Sorry if I've missed this elsewhere. Can someone please tell me how many Kwh the price cap is based on (Electric / Gas). All I can find is the amount in £

There are several long discussion threads, but the answer to your question depends on which cap you're asking about.

The headline number "£1277/year" is for a dual-fuel customer using 2900kWh of electricity and 12000kWh of gas, per year, averaged across the various supply regions.

The Ofgem published rates are however based on a maximum bill for a customer using 3100kWh of single-rate electricity, 4200kWh of dual-rate electricity or 12000kWh of gas per year.

See, for example:

https://forums.moneysavingexpert.com/discussion/comment/78716519/#Comment_78716519 (and posts following)

https://forums.moneysavingexpert.com/discussion/6302364/standard-variable-tariff-svt (whole thread)

oze1

Thanks everyone, I at least now have some idea of where I'm heading.