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

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Comments

  • arjar
    arjar Posts: 89 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thank you QrizB for your work on this.  Does anyone know whether equivalent info. on regional rates is available anywhere for economy seven users?
  • QrizB
    QrizB Posts: 20,144 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    arjar said:
    Thank you QrizB for your work on this.  Does anyone know whether equivalent info. on regional rates is available anywhere for economy seven users?
    It's more complicated, sadly. See this post for why.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • arjar
    arjar Posts: 89 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    That's really helpful - thanks again.  So now I know the electricity standing charge but have to wait for individual suppliers to show their day and night rates for E7 - or make some assumptions in the meantime.  I suppose there is some marginal good news here in that it should be possible to compare different suppliers total charge for my actual use of day/night units, so introducing an element of competition related to their choice of ratio.   
  • QrizB
    QrizB Posts: 20,144 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    arjar said:
    ... it should be possible to compare different suppliers total charge for my actual use of day/night units, so introducing an element of competition related to their choice of ratio.   
    Yes, the current cap has resulted in quite a wide spread of rates - some suit high night-rate users better, others suit high day-rate users.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • jobdone1
    jobdone1 Posts: 841 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    ProDave said:
    An increase from 4p kwh to 7p kwh for gas would be a 75% increase.
    With electricity going from 20p kwh to 28p kwh would be a 45% increase.

    I'm struggling to square this with the headline 54% increase overall. 


    An average dual fuel user using perhaps more gas then electricity would see a 54% increase between the 2.

    Yes, but that is very misleading. If this is the case then it should also be reported clearly that if you used proportionately more gas than electricity then your bills will increase a lot more.

    What really gets my goat is that the government announce these things as if they are straightforward facts - £700 more on your bill, offset by £350 back - and it gets parrotted around as if that it the whole story. The reality for many people is that their bills will go up by A LOT more than this. And that's not even taking into account those who are still on fixed rates. 
    Correct not many people use 3500 units per year of electrical I use about 7000/8000 per year. 
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