October price cap electricity cost per kwh

savers_united

I think we will be seeing over the coming years so many changes within the energy market that the SC will remain where it is or even increase further. Alot of these costs are shared costs so it would be unfair to lump them into the unit rate in order to bring down the SC as that would just mean a higher user ends up footing the bill for projects we all should benefit from. 

Think new nuclear plants, rough storage coming back into play, these are not cheap, add In what is an aging network and inflation adding to addtional repair costs. Higher SC are here to stay, at least until housing stock is better insulated for those who can least afford higher rates. 

ispookie666

Any insight into what the Economy 7 tariff would be?  

michaels

Energy price cap could hit £4,400 in January (telegraph.co.uk)

You aint seen nothin yet...

Evan3020

The more they put it up the less i will use, hope the standing charge does not increase.

QrizB

ispookie666 said:

Any insight into what the Economy 7 tariff would be?  

Only that it will be split so that someone using 42% on night rate and 58% on day rate will be paying roughly the same as someone on a single rate tariff.

And it will vary by supplier, much as it does now.

If the single rate unit cap is 45p, for example, the E7 rates could be 30p and 55p. Or 35p and 52p.

wild666

GingerTim said:

wild666 said:

"Did ofgem ever say how long the SC increases for the company liquidations would last for or is it perpetual?"

Once implemented the increased SC for electric will continue, so 48p SC might become 51p in October and 53p in January 

Do you have any evidence for this?

I don't have any evidence but it's just my opinion that once the SC increases there is unlikely to see a decrease in the SC. 

puddsykit

Ive just been doing a spreadsheet to calculate my energy costs. Using CI latest prediction i get:

Gas 0.1452p per KW

Electricity 0.4669p per KW

This is assuming the standing charges don't change, if they change slightly it would have a minimal impact on the prices

puddsykit

The full breakdown is:

Fuel    Q4 2022        Q1 2023        Q2 2023        Q3 2023        Q42023   


Gas    £0.1452         £0.1575         £0.1630         £0.1544        £0.1519

Elec   £0.4669          £0.5043         £0.5207        £0.5009         £0.4775

pochase

Your gas figures look ok, but electricity look to low. How did you calculate electricity?

For example the agreed figure for October is 45.6p and has been posted a while ago by @Mstty

puddsykit

pochase said:

Your gas figures look ok, but electricity look to low. How did you calculate electricity?

For example the agreed figure for October is 45.6p and has been posted a while ago by @Mstty

Just realised i used the old TDCV of 3100. I've updated my post. My figures are higher than Mstty's but i'm not sure how long ago he did them. Mine are based on CI's data from Aug 2nd