Pricing

nobbar

Just received updated prices from British Gas ;  Standing Charge +104% , Electricity +45%  Overall +76% Why on earth have they told us that the increase would be approx. 54%?

TheMilkmansDad

please look at other posts 1st before posting. There's a new post every hour or so asking the same question please have a look at those.

Aylesbury_Duck

nobbar said:

Just received updated prices from British Gas ;  Standing Charge +104% , Electricity +45%  Overall +76% Why on earth have they told us that the increase would be approx. 54%?

You've misunderstood the concept of averages and how they might apply to different tariffs.

The_Fat_Controller

It would be approximately 54% for someone who is already on the Standard Variable rate and uses the average amount of energy on a dual fuel basis.

However, where Mr or Mrs Average lives might be hard to find.

If you are an electricity only customer then the pain is much worse.

The rise in the cap is a confusing mess, you need to do your own calculations about exactly what it means for you, based on your actual usage and the latest rates.