Am I being quoted above the market cap?

DixieBear123

Hi 

I hope someone can help clarify things for me, as my energy supplier is avoiding my question.

I understand the energy price cap varies by region, however I'm struggling to find what my actual cap is! I'm based just outside of Glasgow, Scotland. 

I found an average market cap on MSE website, and my supplier has quoted me in excess of this. 

I understand I'm probably best to not agree a new tariff at the moment (current contract expires in May), but also want to ensure the prices I'm being offered are correct. 

The best deal my current supplier is offering me (outside of a variable rate) is: 

Electricity SC: 49.65p/day
Electricity Unit: 40.41p/kWh

Gas SC: 27.22p/day
Gas Unit: 10.37p/kWh

I'm also a relatively low user as well (around 600kwh of electricity and 2000 kwh of gas) if that matters at all? 

I really appreciate any advice you can offer.  

bristolleedsfan

DixieBear123 said:

I understand the energy price cap varies by region, however I'm struggling to find what my actual cap is! I'm based just outside of Glasgow, Scotland. 

https://www.edfenergy.com/sites/default/files/r505_deemed_rate_card.pdf

DixieBear123

Thanks for providing that link. So it seems my unit rate for both gas & electricity are above the cap, how is that possible?

jimjames

DixieBear123 said:

Thanks for providing that link. So it seems my unit rate for both gas & electricity are above the cap, how is that possible?

Probably because you're getting a quote for a fixed rate. Stick to the variable rate and it will be at the cap level. Fixed rates can be any price. Just because they are offering that fixed rate doesn't mean you need to take it.

facade

DixieBear123 said:

Thanks for providing that link. So it seems my unit rate for both gas & electricity are above the cap, how is that possible?

The cap only applies to the standard default tariff, that you will drop onto if you don't accept a new tariff, not to any other tariff that the supplier may offer.

QrizB

DixieBear123 said:

Thanks for providing that link. So it seems my unit rate for both gas & electricity are above the cap, how is that possible?

We don't know what your supplier's variable rate is, you haven't told us. I would be surprised if it is above the cap.

Fixed rates are not capped, suppliers can set them as high as they like.

DixieBear123

Thanks everyone. 

I didn’t realise the fixed rate worked that way. 

The variable rate does match the cap: 

Electricity SC: 49.65p/day
Electricity Unit: 27.84p/kWh

Gas SC: 27.22p/day
Gas Unit: 7.34p/kWh