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Price cap

Dave007uk
Dave007uk Posts: 3 Newbie
First Post
in Energy
Hello,

I hope everyone is well, I am a little confused about the energy price cap. It says on the OFGEM website the kWh rate is capped at £0.28p but EDF are charging me £0.33p per kWh and say it’s perfectly fine ?! I am on their standard variable rate 

Comments

  • MWT
    MWT Posts: 10,717 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    edited 2 May 2022 at 8:46AM
    Dave007uk said:
    I hope everyone is well, I am a little confused about the energy price cap. It says on the OFGEM website the kWh rate is capped at £0.28p but EDF are charging me £0.33p per kWh and say it’s perfectly fine ?! I am on their standard variable rate 
    No, you are looking at the average figures on the Ofgem site, not the specific regional cap for where you live and the cap also varies depending upon how you pay, DD for example is cheaper than payment on receipt of bill...
    If you want to give us the full details of your tariff rates we can take a better look at this though as £0.33 does sound a little high or is that just your day rate on a E7 tariff?

  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 2 May 2022 at 8:51AM
    That does sound like an economy 7 day rate rather than a single rate unless you are prepayment? Even still seems a little high.

  • Dave007uk
    Dave007uk Posts: 3 Newbie
    First Post
    Ahh ok, so I live in the southwest and pay by DD, I was guessing there are right but just didn’t understand why it was different 
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 2 May 2022 at 8:56AM
    Dave007uk said:
    Ahh ok, so I live in the southwest and pay by DD, I was guessing there are right but just didn’t understand why it was different 
    Southwest by DD on single rate should be around 28.41p per kWh so that doesn't sound right I would query this again with them.

    E7 normal rate is 33.09p that that could be it are you on economy 7
  • MWT
    MWT Posts: 10,717 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    Dave007uk said:
    Ahh ok, so I live in the southwest and pay by DD, I was guessing there are right but just didn’t understand why it was different 
    It could be correct for E7, but not for a single rate tariff...

  • Dave007uk
    Dave007uk Posts: 3 Newbie
    First Post
    Hello yes we are on economy 7 
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 2 May 2022 at 3:36PM
    Dave007uk said:
    Hello yes we are on economy 7 
    Looks the right price then


  • MWT
    MWT Posts: 10,717 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    edited 2 May 2022 at 4:00PM
    Dave007uk said:
    Hello yes we are on economy 7 
    Then your cap would be £1,310.30 for 4200kWh split 58/42% day/night and those rates work out to be £1,309.34, so it is compliant with the Ofgem limits.

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