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Bulb Price Increase

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  • Apologies as I'm struggling to understand the way the price cap of £1,971 works ?
    Bulb are suggesting a monthly increase for our dual fuel of £186 (£2,232 pa), from £257 per month to £443 ?
  • markin
    markin Posts: 3,860 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 27 February 2022 at 5:34AM
    Its price cap to new price cap, if you had a good fixed deal it will be far more than 54%, Or if you have a different gas Elec mix than what the 54% is based on.

  • QrizB
    QrizB Posts: 18,234 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    KBarr said:
    Apologies as I'm struggling to understand the way the price cap of £1,971 works ?
    Bulb are suggesting a monthly increase for our dual fuel of £186 (£2,232 pa), from £257 per month to £443 ?
    @KBarr there's a link in my signature to an explanation of the Ofgem price cap. It's a cap on the standing charge and unit price, not a cap on your total bill.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill 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.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Spacie22
    Spacie22 Posts: 36 Forumite
    Seventh Anniversary 10 Posts
    edited 27 February 2022 at 10:52AM
    I’m not sure why the charges vary depending on where you are in the country… unless you’re really remote is which case you’d not be on mains anyway 

    It depends which distribution network you are on. And that goes all the way back to before privatisation. I'm in  Gloucestershire which is usually South West, but long ago my electricity was supplied by the Midlands Electicity Board and I'm still paying the West Midlands rates for my electicity (fortunately)
  • I've seen comments in the posts about the standing charge for electricity doubling - I can't find any explanation or justification for this increase ?
    Also since the Bulb tariff was for electricity sourced from 100% renewables then why the massive unit rate increase ?
  • QrizB
    QrizB Posts: 18,234 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Welcome to the forum.
    Ken_MSE said:
    I've seen comments in the posts about the standing charge for electricity doubling - I can't find any explanation or justification for this increase ?
    Also since the Bulb tariff was for electricity sourced from 100% renewables then why the massive unit rate increase ?
    Your questions are answered by the pinned post at the top of the list.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill 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.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Ken_MSE said:

    Also since the Bulb tariff was for electricity sourced from 100% renewables then why the massive unit rate increase ?
    This ‘cut ‘n’ paste’ from the Bulb website explains where their energy is sourced from:

    100% renewable electricity

    Quote: We buy some of our electricity (about 4.5%) straight from renewable generators around the UK. And we buy the rest on the wholesale energy market. For every unit of electricity our members use, we buy a renewable generation certificate (called a REGO) to match. We like to think of it as a fair balance between what’s good for the planet, and good for your pocket.

    REGO certificates help us verify the amount of renewable energy we supply to the industry regulator, Ofgem. Every year, like all suppliers, we report on the amount of electricity we've purchased from which source: coal, gas, nuclear and renewables. For Bulb, it's simple: 100% of our electricity comes from renewable sources like solar, wind and hydro. Unquote


  • QrizB said:
    Welcome to the forum.
    Ken_MSE said:
    I've seen comments in the posts about the standing charge for electricity doubling - I can't find any explanation or justification for this increase ?
    Also since the Bulb tariff was for electricity sourced from 100% renewables then why the massive unit rate increase ?
    Your questions are answered by the pinned post at the top of the list.

    Yes, but post doesn't really justify standing charge increase - we are either paying for the cost of failed companies, the transfer of suppliers or the cost of the storms ?
  • Verdigris
    Verdigris Posts: 1,725 Forumite
    1,000 Posts Third Anniversary Name Dropper
    we are either paying for the cost of failed companies, the transfer of suppliers or the cost of the storms ?

    We're paying for both.

  • GingerTim
    GingerTim Posts: 2,608 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Ken_MSE said:
    drizB said:
    Welcome to the forum.
    Ken_MSE said:
    I've seen comments in the posts about the standing charge for electricity doubling - I can't find any explanation or justification for this increase ?
    Also since the Bulb tariff was for electricity sourced from 100% renewables then why the massive unit rate increase ?
    Your questions are answered by the pinned post at the top of the list.

    Yes, but post doesn't really justify standing charge increase - we are either paying for the cost of failed companies, the transfer of suppliers or the cost of the storms ?

    d) all of the above
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