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Energy cap and energy related bills
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I thought the "energy cap" - capped the limit the energy suppliers could charge?
My supplier went bust late last year (October). We'd been paying £107 a month combined - (£1284) yearly. We were always in credit. We usually got a rebate of about £200 per year.
When they went bust, we got a text from British Gas, saying they were taking over the account. After that, we heard very little, bar the odd few texts telling us they hadn't forgotten about us. I'd kept the £107 per month aside, so that's not an issue.
When the price cap rose a few days ago. British Gas sent me a link to my "New account" and the tariff they've put me on is something like £3700.
Also, their "Assumed" annual consumption is absurdly wrong. Too low on Electric and way too high on Gas.
Any help from anyone to help understand this mess?
TIA
My supplier went bust late last year (October). We'd been paying £107 a month combined - (£1284) yearly. We were always in credit. We usually got a rebate of about £200 per year.
When they went bust, we got a text from British Gas, saying they were taking over the account. After that, we heard very little, bar the odd few texts telling us they hadn't forgotten about us. I'd kept the £107 per month aside, so that's not an issue.
When the price cap rose a few days ago. British Gas sent me a link to my "New account" and the tariff they've put me on is something like £3700.
Also, their "Assumed" annual consumption is absurdly wrong. Too low on Electric and way too high on Gas.
Any help from anyone to help understand this mess?
TIA
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Comments
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The cap is just on the amount they can charge on a variable tariff for a specific consumption level, it is not an absolute cap on the level of a bills.Ignore that though it is a distraction.First check that you are still on the variable tariff that you were first put on when you transferred to BG, and that you have not somehow been moved to a fixed tariff...Then work out your own actual use over the last year (kWh) and raise a complaint with BG if that actual use is very different to the use they are predicting.0
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No the cap doesn't limit what suppliers can charge. It caps the unit rates but if you use more energy you pay more, it's as simple as that. The cap isn't an all your can eat deal.
If you have accurate consumption details then speak to BG and get them updated. I'd also suggest taking regular meter readings so you can keep on top of it.Remember the saying: if it looks too good to be true it almost certainly is.0 -
MWT said:The cap is just on the amount they can charge on a variable tariff for a specific consumption level, it is not an absolute cap on the level of a bills.Ignore that though it is a distraction.First check that you are still on the variable tariff that you were first put on when you transferred to BG, and that you have not somehow been moved to a fixed tariff...Then work out your own actual use over the last year (kWh) and raise a complaint with BG if that actual use is very different to the use they are predicting.
We don't seem to use a lot of gas (We got an eco-boiler a couple of years back, and "Heat what we use") - but BG are trying to charge us for three times the amount we use. If anything, they've slightly underestimated the Electricity, but it still doesn't come anywhere near £3700. By my reckoning (Excel) - we should be paying nearer to £180pm, not £360.
ALSO. Something I just thought of. Should Oct-April be charged at this "higher" rate? Or at the tarrif I was on?
TIA.0 -
Have you submitted regular meter readings to BG? Without them they will just estimate your energy use.
What tariff have you been put on? Without you doing anything they can only put you on the standard variable tariff which is the capped tariff.
Depending on the tariff you were on with your old supplier your rates will have increased when you joined BG, and possibly a second time in October when the CAP increased.
If I understand correctly you also did not pay anything to BG for the last months, so of course they will add this debt to the new direct debit.
Can you let us know what you used since you joined BG and at what rates you were charged if you have already received a bill?
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DouglasS said:ALSO. Something I just thought of. Should Oct-April be charged at this "higher" rate? Or at the tarrif I was on?
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!0 -
DouglasS said:We don't seem to use a lot of gas (We got an eco-boiler a couple of years back, and "Heat what we use") - but BG are trying to charge us for three times the amount we use...3 is kind of a magic number on here in relation to gas as a regrettably frequent problem we see is when the supplier believes you have an older imperial gas meter which measures in cubic feet (ft3) but you actually have a metric meter that measures in cubic metres (m3) with the result that the supplier believes you are using 2.83x the actual usage.Can you just take a look at a recent bill and you meter and make sure they are both using the same units?If you are unsure on the bill, just check the number of units and what that was converted to in terms of kWh...
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