Why has the standing charge for electricity in London gone up the least?

pochase

See @QrizB post above. A little bit less than 10p per day.

It seems that the whole standing charge for the different regions is recalculated on a regular base, so it seems the other costs on the standing charge for London are 2p less than before, so 10p minus 2p gives you the increase of 8p

bristolleedsfan

pochase said:

See @QrizB post above. A little bit less than 10p per day.

It seems that the whole standing charge for the different regions is recalculated on a regular base, so it seems the other costs on the standing charge for London are 2p less than before, so 10p minus 2p gives you the increase of 8p

@QrizB post above gave examples of London and former SWEB region

"UKPN in the London region has added 9.76p/day for SoLR costs"
"For comparison, WPD in the old SWEB region has added 9.65p/day"

London SC increased 8p + VAT which seems to have been explained in above quoted post
Former SWEB region SC increased 25p + VAT

pochase

bristolleedsfan said:

pochase said:

See @QrizB post above. A little bit less than 10p per day.

It seems that the whole standing charge for the different regions is recalculated on a regular base, so it seems the other costs on the standing charge for London are 2p less than before, so 10p minus 2p gives you the increase of 8p

@QrizB post above gave examples of London and former SWEB region

"UKPN in the London region has added 9.76p/day for SoLR costs"
"For comparison, WPD in the old SWEB region has added 9.65p/day"

London SC increased 8p + VAT which seems to have been explained in above quoted post
Former SWEB region SC increased 25p + VAT

Of the 25p 9.65p is for SOLR, the rest is for other costs that can be reclaimed by standing charges. So London does not have additional charges and therefore lower increase.

The comparison table you posted yourself shows 8p increase for London. Usually that is including VAT.

bristolleedsfan

pochase said:

bristolleedsfan said:

pochase said:

See @QrizB post above. A little bit less than 10p per day.

It seems that the whole standing charge for the different regions is recalculated on a regular base, so it seems the other costs on the standing charge for London are 2p less than before, so 10p minus 2p gives you the increase of 8p

@QrizB post above gave examples of London and former SWEB region

"UKPN in the London region has added 9.76p/day for SoLR costs"
"For comparison, WPD in the old SWEB region has added 9.65p/day"

London SC increased 8p + VAT which seems to have been explained in above quoted post
Former SWEB region SC increased 25p + VAT

The comparison table you posted yourself shows 8p increase for London. Usually that is including VAT.

OFGEM has a habit of publishing rates/figures exclusive of VAT

pochase

Still would not completely match up, but you cannot expect the Mirror to give exact figures, everything in this table will be rounded to make it "easier" to understand for it's audience.

But in general there seems to be no easy way to see how the standing charges for a region are calculated. 

From the above figures it seems the SOLR charge is in the region of 10p, but when people have asked before why the standing charge almost doubled the argument was always the cost of SOLR. Somehow that does not seem right any longer as the only/main reason.

Mstty

Roughly £3 each per month for the cost of SoLR if needed for pub chat and more to come October

bristolleedsfan

pochase said:

. 

From the above figures it seems the SOLR charge is in the region of 10p, but when people have asked before why the standing charge almost doubled the argument was always the cost of SOLR. Somehow that does not seem right any longer as the only/main reason.

https://forums.moneysavingexpert.com/discussion/comment/78981170/#Comment_78981170  

"it really is mostly down to the levy to cover SoLR costs

pochase

Ok. so Ofgem says it is 68£ for SOLR cost, that would be 18.63p per day. The documents @QrizB
posted show it at 9.6 to 9.7p . So what is correct here?

If it is 18.63p, that would mean that the other costs for standing charge in London are 9p lower than they were last year, or that a part of the SOLR cost is covered by the higher unit rates instead of the standing charge.

QrizB

pochase said:

Ok. so Ofgem says it is 68£ for SOLR cost, that would be 18.63p per day. The documents @QrizB
posted show it at 9.6 to 9.7p . So what is correct here?

The current SoLR costs are reclaimed over two years.

pochase

QrizB said:

pochase said:

Ok. so Ofgem says it is 68£ for SOLR cost, that would be 18.63p per day. The documents @QrizB
posted show it at 9.6 to 9.7p . So what is correct here?

The current SoLR costs are reclaimed over two years.

I almost thought so, but why the statement that the increase in the standing charge is mostly from the SOLR cost? If I have an increase of over 20p the 10p is not most of it.

Or is it is it is mostly network cost of which it is mostly SOLR, but we add other costs also in some regions