Price cap

dvidrw

If the PRICE CAP is set to give an increase in a dual fuel ( gas and elec ) charge of £700 , an increase of 54% , WHY have BR GAS proposed to increase my current total charge of £1200 to £3000. ( fixed contract ). This doesnt make sense. Can someone help me to understand this as there is no change to my consumption. 

Gerry1

Welcome to the forum.

1.  Your DD is not your bill, only a top up of a kitty that may or may not be sufficient to pay the bill.

2.  The Price Cap does not apply to fixed tariffs, only to the Standard Variable Tariff.

savers_united

If your moving to a fixed contract then its not covered by the cap but is set by the energy provider, in your case BG. 
If you ask BG to put you onto their SVT the you will be covered by the rates set by the cap.

However the cap is not as some see it a cap on the price you pay, its the unit rates that are capped so use more it costs more, the 50% increase is for someone already on the cap and using what Ofgem term average use. 

Mstty

To help you out could you provide the following

1) details of your supplier and tariff you are on and charge standing charge and price per kWh

2) when your fixed rate deal ends(if on one)
3) your usage over the past year for both elec and gas in kWh

Then we may be able to help you out👍