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

QrizB

MWT said:

razord said:

martyp said:

arjar said:

All the guessing and examples are helpful, but what the OP wants is a link to the region specific tables giving unit and standing charge rates from 1/4.  I too would be grateful for any advice about where to find these so I can work out the actual effects for me.  Thanks.

Definitely, I've looked all over the ofgem website and I'm struggling to find the actual tariff table for the current fix. All the stuff on there seems to be for wholesale prices etc. If someone can post the link to where to see the current tariffs by region that would be great and also a link to the table tomorrow please.

There isn't so much a "tariff table", it's this document (for the current cap):  Default tariff cap level: 1 October 2021 to 31 March 2022        

Tomorrow (apparently!) we'll get this doc for 1st April 2022 til October.

It is all available now:

https://www.ofgem.gov.uk/publications/default-tariff-cap-level-1-april-2022-30-september-2022

That's what I used to create my table   and it's linked from the post in my sig.

MWT

QrizB said:

MWT said:

razord said:

martyp said:

arjar said:

All the guessing and examples are helpful, but what the OP wants is a link to the region specific tables giving unit and standing charge rates from 1/4.  I too would be grateful for any advice about where to find these so I can work out the actual effects for me.  Thanks.

Definitely, I've looked all over the ofgem website and I'm struggling to find the actual tariff table for the current fix. All the stuff on there seems to be for wholesale prices etc. If someone can post the link to where to see the current tariffs by region that would be great and also a link to the table tomorrow please.

There isn't so much a "tariff table", it's this document (for the current cap):  Default tariff cap level: 1 October 2021 to 31 March 2022        

Tomorrow (apparently!) we'll get this doc for 1st April 2022 til October.

It is all available now:

https://www.ofgem.gov.uk/publications/default-tariff-cap-level-1-april-2022-30-september-2022

That's what I used to create my table   and it's linked from the post in my sig.

I noticed, I've linked one level higher though, so people can see the model as well if they want, not just the summary tables.

MovingForwards

QrizB said:

Here's one I made earlier*.

* Not all that much earlier, granted.

Thanks for this, makes it a lot easier to compare.

My last 12 months, in £ and kWh

Electric:

£296.06
1600.641434

Gas:
£226
6434.811242 

Looks like it's still under £1k a year (s.scotland) doing a quick calculation.

martyp

Thanks loads for posting the table, really appreciate that. The Standing charge is nasty and hits those more on lower usage by the looks of it as a baseline amount.

I was able to do my own personal calculations from that as follows:

Shell Energy (variable on price cap) = £774
Scottish Power 2 year fix from 25th January = £1072
New cap from 1st April = £1116

So in my case I'm technically only saving £44 although went through TopCashback with ScottishPower so hoping to get £41.50 for that so including the cashback that's technically £85.50 less than the new cap.
Then I have to consider I'm paying almost the amount of the cap from 25th January until 1st April so a loss there.
Working that one out on monthly DD difference being approx £24.83 X 2 for February and March = £49.66
So theoretical saving of around £35.50 for the year.

My benefit would be mainly on the expectation of a potential 20% increase in October and increases next April and October in 2023 and then feel the pain when the fix ends in January 2024.

It's £60 exit fees which I'd accept if the rates drop though to make the variable rate or fixes at least £60 cheaper than I'm paying.

Assumptions based on the prices continuing to go up and also that any further Government 'help' is in the same format (e.g. council tax and £200 loan on all tariffs). I'd of course lose out if they make reductions on the variable tariffs.

For me I like the certainty though and easier budgeting.

martyp

Another point to note that in my case the cap difference from old to new being £342 it's only a 30% increase for me compared to the 54% for the 'average household'...

martyp

I really feel that the Energy Saving Club should do calculations on the cap based on those rates supplied as this implied 'fix if you can get a deal up to 40% more' should have some kind of caveat advising 'based on the average use' as this percentage may vary widely for individual cases...

If the cap SC and unit rates are available to be used for these calculations then it would really help I think as it's not an accurate calculation as not everyone is the average household and they can do individual calculations of the cap figures the same as using all the rates available in the supplier tariff information.

coupleuk

frederick1950 said:

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

Do we have the new updated rates yet please?

QrizB

Yes, higher up this page or at the link in my signature.

coupleuk

As I thought, my Standing Charge for electric is up 96% and kWh is up 20% (on existing cap).

As others have said, penalised for low usage.

Did someone somewhere mention a thing called global warming?

ProDave

Don't forget, buried in the small print, is the price cap is now going to be reviewed every 3 months, so worst case there coulf be a further rise in July, October and next January.