Energy Price Cap announcement: Watch Martin Lewis explain what it means for your electricity and gas bills this winter
Guide: What are the price cap unit rates?
69 replies 8.5K views
Latest MSE News and Guides
Energy Price Cap change
Martin Lewis on what it means for youMSE News
Best £1 you've ever spent?
Share your most impressive bargainsMSE Forum
New MSE Forum avatars available
Try 'em out nowMSE Forum
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 2.5kw inverter. 29MWh generated, long-term average 2.6 Os.
Assuming the supplier will readjust the estimates for the next 12 months (probably add about 70% as the this statement would have covered two price cap increases) then add the debt at around £11 a month, that's what I would be looking to increase the DD to, if I were in that situation.
There is something else (a lot more complicated) that applies to business accounts, that caps one component of the calculation behind the tariff and not either the unit rate or the standing charge directly.
Shell Energy increased our monthly DD to £320 in August and I went along with it perceiving huge hikes before 2 year cap assistance.
We’re in October, my Summer usage for gas and electricity is about £140 currently on each bill incl Sept just paid, I’m £638 in credit and they want to move my DD to £420!!!
I honestly don’t understand their calculations.
There is absolutely no EPG of £2.5k
Its its not being left at £2.5k because it doesn't exist.
You pay for what you use.
Martin please stop using this fictional £2.5k figure because you are confusing a lot of people. Many vulnerable people may consequently think that the most they will pay is this fictional figure. And given the frequency of its use, that's hardly surprising.
So please show some respect for people and stop confusing them.
There's absolutely no need for it