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Help regarding price cap

laemchabang
laemchabang Posts: 6 Forumite
Third Anniversary First Post
in Energy
I have been offered flexible deal with Shell. SC 25.08, UR 20.59 electric, and 26.11 SC,UR 4.05 gas.
The new price cap is 45.34 SC, UR 28.34 electric and 27.22SC and UR 7.37.
Why are they offering flexible for 20 SC under the price cap electric. And 8 UR under the price cap. Is this deal too good to be true or am I reading wrong. Or are they hoping the Oct price rise will claw more money from me?
Any help appreciated 

Comments

  • MWT
    MWT Posts: 11,063 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    ... because the new cap does not come into effect until April 1, at which point your Shell flexible tariff will increase...
  • The_Fat_Controller
    The_Fat_Controller Posts: 2,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Precisely as above.

    Your first set of rates from now until 1st April.

    Next set, may vary slightly by region, 1 April to 30 September.

    Then, 1 October another increase of who knows what.
  • laemchabang
    laemchabang Posts: 6 Forumite
    Third Anniversary First Post
    Just used energy calculator and.....from 61 a month.....increase to 173 a month? There is no way I can afford that........
  • QrizB
    QrizB Posts: 23,108 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    laemchabang said:
    Just used energy calculator and.....from 61 a month.....increase to 173 a month? There is no way I can afford that........
    Sadly, that's what it's expected to cost.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 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!
  • The_Fat_Controller
    The_Fat_Controller Posts: 2,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    It is truly shocking, when my EDF fix ends, from July my average monthly bill will rise from £56 to £126 if the Standard Variable Tariff is still the best way to go.

    That's based on actual annual usage.
  • molerat
    molerat Posts: 36,053 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    laemchabang said:
    Just used energy calculator and.....from 61 a month.....increase to 173 a month? There is no way I can afford that........
    Last year I was paying £81.18 pm, currently £131.70 and in April £208. 

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