Octopus and price cap

MouldyOldDough

	Current price cap period (1 April - 30 September 2022)
Electric		£0.28 per kWh Daily standing charge: £0.45
Gas		£0.07 per kWh Daily standing charge: £0.27

Why then am I paying £0.2845 per kWh and £0.0748 per kWh

Surely Octopus should follow the price cap rules ?

MattMattMattUK

MouldyOldDough said:

	Current price cap period (1 April - 30 September 2022)
Electric		£0.28 per kWh Daily standing charge: £0.45
Gas		£0.07 per kWh Daily standing charge: £0.27

Why then am I paying £0.2845 per kWh and £0.0748 per kWh

Surely Octopus should follow the price cap rules ?

They are following the rules, the cap varies by region and the figures you show as the cap are rounded off. 

QrizB

MouldyOldDough said:

Why then am I paying £0.2845 per kWh and £0.0748 per kWh

Surely Octopus should follow the price cap rules ?

I guess you've copied that from Ofgem's press release, or somewhere similar.

As Matt^3 says, the cap varies by region. You can find an explanation, and a table of regional variations, at the link in my signature.

Darzl

I am paying the same amount, I have gone from £106 a month in Jan to £271 April 

I need to get my solar panels fitted quickly and hopefully I've fixed the automation on my solar hot water and boiler to reduce the costs

Spoonie_Turtle

PDF with regional unit prices here https://octopus.energy/documents/122/Flexible_Octopus_April_2022__PDF_VAT.pdf