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Does Ofgem set a specific unit rate and DSC as part of the price cap?

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Kingbroady
Kingbroady Posts: 12 Forumite
Part of the Furniture First Post Combo Breaker
Does Ofgem set a specific unit rate and DSC as part of the price cap?

Both my unit rates and DSC will increase above the average given by Ofgem. I understand the average figures, but do they not set a specific figure to be adhered to? If not, why is mine more?

Comments

  • It's interesting that the regulator chose to refer people to there energy provider to clarify rates, very helpful. Why didn't they present the detail of the cap as a tabulated range dependent on region. So much time wasted trying to decipher why my tarif is higher than the example.
  • MattMattMattUK
    MattMattMattUK Posts: 11,246 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    Clibin said:
    It's interesting that the regulator chose to refer people to there energy provider to clarify rates, very helpful. Why didn't they present the detail of the cap as a tabulated range dependent on region. So much time wasted trying to decipher why my tarif is higher than the example.
    The "Energy Price Cap" is a bit of a mess anyway, some of that comes from Ofgem, a lot of it from the Minister, some from the legislation. 

    That data is available, but the reason that they refer people to their energy provider is because the energy provider does not have to charge the price cap rate, most of them charge slightly under, even if only by a few tenths of a penny. That as well as fixed tariffs that people may choose to be on means that Ofgem can not specifically say what you rate will be. 
  • MWT
    MWT Posts: 10,273 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 23 March 2022 at 1:11PM
    Clibin said:
    It's interesting that the regulator chose to refer people to there energy provider to clarify rates, very helpful. Why didn't they present the detail of the cap as a tabulated range dependent on region. So much time wasted trying to decipher why my tarif is higher than the example.
    Ofcom do present the cap broken down by region/fuel/meter type/payment method...:
    ...but there is latitude for the suppliers to set their prices below the cap and with E7 there is room for different splits between day/Night which still meet the cap add in that there are also different cap levels for different payment types etc. and you see why it has to be left to the supplier to say exactly what their rates are...




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