What rates are you being offered by your provider at the moment?

debjay

I spoke to Sainsburys energy yesterday and they said they’re planning to contact customers within 5 days and, at present, the original ofgem price cap october unit prices are showing on their SVT

Forever31

I was contacting GEUK via email on a different matter, so also asked them if they had any updates yet regarding the government intervention.

Their response said re fixes:: "The 17p/kWh reduction for the electricity and 4.2p/kWh is from the variable price cap rates that will apply from 1st october, these were looking to be around 52p making the new base rate around 35p/kWh for electricity and 15p/kWh down to around 11p/kwh.

Anyone who has a higher unit rate will be lowered to the same base rate only.

We are currently in talks with Ofgem and we will letting all out customers know that may be affected as soon as possible."

If I am interpreting this correctly, this will reduce my electricity unit price by around 2-3 pence, and around 0-1p for gas on my current fix.

niceguy1983

Anyone noticed the government has changed their support package for fixed?

2 screenshots attached. First one from 15th sept. One from today introducing a "floor" on the price unit. (Unsure when it was updated myself)

If I'm reading this right, basically any fix that might of been better now won't so if like me you're already on the fix, you're currently over paying for no benefit at all in October!

[Deleted User]

That changed days ago and has been discussed several times.

You won't be getting cheaper unit rates, but you will keep any cheaper standing charges and will still be on a fixed tariff if someone decides that the EPG is too costly and scraps it in a few months time.

niceguy1983

[Deleted User] said:

That changed days ago and has been discussed several times.

You won't be getting cheaper unit rates, but you will keep any cheaper standing charges and will still be on a fixed tariff if someone decides that the EPG is too costly and scraps it in a few months time.

Thanks for the info. Think my fix standing charge was a few pence more so probably still not in the best position. Will have to have a look.

Still a little bit annoying that they changed their stance.

[Deleted User]

niceguy1983 said:

[Deleted User] said:

That changed days ago and has been discussed several times.

You won't be getting cheaper unit rates, but you will keep any cheaper standing charges and will still be on a fixed tariff if someone decides that the EPG is too costly and scraps it in a few months time.

Thanks for the info. Think my fix standing charge was a few pence more so probably still not in the best position. Will have to have a look.

Still a little bit annoying that they changed their stance.

They didn't.  They just updated the fact sheet to better clarify the discussions that were going on in the background about how the scheme was going to work.  In the same way that they didn't mention fixes at all to start with, until they decided that there would be some help.

EdF, for example, said that there would be a floor from the very first day that fixes were noted to be part of the EPG.

niceguy1983

[Deleted User] said:

niceguy1983 said:

[Deleted User] said:

That changed days ago and has been discussed several times.

You won't be getting cheaper unit rates, but you will keep any cheaper standing charges and will still be on a fixed tariff if someone decides that the EPG is too costly and scraps it in a few months time.

Thanks for the info. Think my fix standing charge was a few pence more so probably still not in the best position. Will have to have a look.

Still a little bit annoying that they changed their stance.

They didn't.  They just updated the fact sheet to better clarify the discussions that were going on in the background about how the scheme was going to work.  In the same way that they didn't mention fixes at all to start with, until they decided that there would be some help.

EdF, for example, said that there would be a floor from the very first day that fixes were noted to be part of the EPG.

Ok makes sense but bit of a shambles that the help was announced so late and not with facts that would help some people make informed decisions.

To be fair, I know Martin was lobbying for government intervention for months and for that I am grateful. Shame it was falling on deaf ears and obviously Boris was washing his hands of it and leaving the problem to someone else. Meh

MrCrusher

Since my previous posts, this info has been added to the very end of the page outlining the Sainsbury SVT:-

*The prices shown here don’t yet include the government’s Energy Price Guarantee (EPG) unit rate reduction – we’re working on getting these changed as fast as we can. But don’t worry, you won’t be charged these prices - you’ll get the reduced EPG prices on your bill.

Telegraph_Sam

Am I right in thinking that even with the latest clarifications none of the above applies to consumers with oil central heating? [and, extending the thought, to bottled gas?]

Mstty

Heating oil or what they call off grid heating will get £100. Which will be removed if oil/LPG prices spike but currently they are under the price per kWh that gas has been set at.

When people just have gas cylinders rather than an above or underground gas tank they are either in a static home/caravan or they just use the cylinders for cooking with gas where it is not available.

Park homes were mentioned in the government info but don't know any more details as yet.

If you’re not connected to the grid

Those households not on standard gas or electricity contracts, such as those living in park homes or on heat networks – and so outside the scheme – will receive support equivalent to both the Energy Price Guarantee and the Energy Bills Support Scheme.

Source https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022