Where can I find the price cap units and standing charge please?

frederick1950

https://r6fd51uoetngaqh-db202106081427.adb.uk-london-1.oraclecloudapps.com/ords/r/apex_live/energy-price-calculator/home?session=101712247562085

What_time_is_it

ProDave said:

The whole business or reporting "the cap will go up to £xxxx is wrong.  they should just say "electricity is going up 38% and gas is going up 90% (or whatever the exact figures are)

Obscuration of the facts at it's best.

Absolutely. Unit prices and standing charges for both are what is important.

kk20

Back of envelope.

12000 gas, 2900 electricity.  4pkwh+26p   21pkwh+25p   fast forward to april.  Roughly speaking  7pkwh+44p  28pkwh+43p  would be the new cap.

for us on 15k/5.5k  we are on the cap so £1941 now, new cap £2907 an increase of 49% so not far wrong from the headlines.

What_time_is_it

kk20 said:

Back of envelope.

12000 gas, 2900 electricity.  4pkwh+26p   21pkwh+25p   fast forward to april.  Roughly speaking  7pkwh+44p  28pkwh+43p  would be the new cap.

If that's the case then my bill will rise by significantly more than 54%.

kk20

yes but for some it wont be as much, others more.  

Im only guessing on the prices, it could be more per unit and a lower standing charge.  8p+26  28.5p+25 also fits  that puts a bigger strain for heavier users and would be 52% increase for us.

coupleuk

Yes, the biggest shock will be the 100% rise in Standing Charges - on both gas and electric.

martyp

frederick1950 said:

https://r6fd51uoetngaqh-db202106081427.adb.uk-london-1.oraclecloudapps.com/ords/r/apex_live/energy-price-calculator/home?session=101712247562085

Very useful, thanks

fergie_

Assuming a 75% increase in gas prices and 35% increase in electric is correct, my costs are going to go from approximately £280 (currently) a month to £400 in April.

18 months ago I was paying £120 with 2 responsible companies that hedged their supplies.

Ironically the 'price cap' forced their wholesale suppliers to fold and therefore there was nothing that they could do apart from fold themselves.

martyp

This percentage increase and "average household" terminology and using that to work out whether to fix or not could have misled me on my choice of fix.

For me I worked out my usage as:

Electric: 2646kwh

Gas: 1420kwh

So I was paying £786 with Shell on a variable/cap tariff and opted to switch to a 2 year fix with Scottish Power which for me worked out as £1072.

So doing the maths here based on the 'percentage increase' used:

£1072 - £786 = £286 increase

54% increase on £786 would be £424.44 (total = £1210.44)

£286 increase is just over 36% more than my Shell tariff so that falls under the 40% which goes by the advice here...

BUT if I do the calculations based on an 'average household' on the rates on my fix (2900kwh electric & 12000kwh gas) then it comes up as £2027! Working on the £1277 figure that's then £750 more and an increase of just under 59% so well above the 40%

My fix rates are:

Electric Standing Charge: 25.08p

Electric Unit: 29p

Gas Standing Charge: 26.11p

Gas Unit: 8.33p

MWT

martyp said:

So doing the maths here based on the 'percentage increase' used:

£1072 - £786 = £286 increase

54% increase on £786 would be £424.44 (total = £1210.44)

£286 increase is just over 36% more than my Shell tariff so that falls under the 40% which goes by the advice here...

What matters is the calculation based on your own usage, the 'typical' user figures are irrelevant for you.,