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October price cap electricity cost per kwh

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  • savers_united
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    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
    ispookie666 Posts: 1,182 Forumite
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    Any insight into what the Economy 7 tariff would be?  
    “Don't raise your voice, improve your argument." - Desmond Tutu

    System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
    System 2 - 20 x 330W Jinko Panels + Enphase IQ7+ microinverters (Jan 2022) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
  • michaels
    michaels Posts: 28,200 Forumite
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    I think....
  • Evan3020
    Evan3020 Posts: 204 Forumite
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    The more they put it up the less i will use, hope the standing charge does not increase.
  • QrizB
    QrizB Posts: 13,822 Forumite
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    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.
    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 30MWh generated, long-term average 2.6 Os.
    Taking a break, hope to be back eventually.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs.
  • wild666
    wild666 Posts: 2,158 Forumite
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    edited 8 August 2022 at 11:16AM
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    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. 
    Someone please tell me what money is
  • puddsykit
    puddsykit Posts: 18 Forumite
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    edited 8 August 2022 at 6:56PM
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    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
    puddsykit Posts: 18 Forumite
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    edited 8 August 2022 at 6:17PM
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    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
    pochase Posts: 3,449 Forumite
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    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
    puddsykit Posts: 18 Forumite
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    edited 8 August 2022 at 6:19PM
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    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
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