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Have I misunderstood the price cap? My new standard tariff is £2812.50!?
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How exactly are you planning to force them to read the detailed data?
I completely agree that the information should be provided and is necessary for people to understand what is going on, I just cannot see how you want to enforce that they have to read the information.
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If the OP wants to save money then they need too lower the number of kWh electric and gas they use. This could be achieved by turning all appliances off at the wall socket. except the fridge, freezer and router, when not in use with electricity and turning down the temperatures on the boiler to 55 degrees for heating and 50 degrees for water, then lower the thermostat to 18 degrees.
The less an appliance is used the more the savings will be. I'm saving around £360 per year combined on electric and gas, that's an average of £30 per month but the saving is more in summer and less in winter.Someone please tell me what money is1 -
wild666 said:The less an appliance is used the more the savings will be.
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pochase said:How exactly are you planning to force them to read the detailed data?
I completely agree that the information should be provided and is necessary for people to understand what is going on, I just cannot see how you want to enforce that they have to read the information.
Easily sorted..Big bold print on page 1 and not hidden anywhere.
Then OFGEM should ban 6 month billing and make them all quarterly . Getting only one proper itemised bill per one year is ludicrous for what is for most people their biggest outgoing except a mortage2 -
I think all bills should be monthly, not quarterly and if a customer has not given meter readings for 3 months, despite promptings, a meter reader should have to call at the property to check.Barnsley, South Yorkshire
Solar PV 5.25kWp SW facing (14 x 375) Lux 3.6kw hybrid inverter installed Mar 22 and 9.6kw Pylontech battery
Daikin 8kW ASHP installed Jan 25
Octopus Cosy/Fixed Outgoing5 -
Astria said:diystarter7 said:EssexHebridean said:The_Fat_Controller said:@diystarter7 you may not say my reply is harsh, it's the truth.
I have just answered the question posed in the title.
Ever since the cap has become relevant, Martin Lewis et al have been explaining how it works.
OP - as others have already said you are far from the first to be confused around this point - and the media actively encourage this confusion. You've had some great assistance from others on the thread though including more reading on the subject if that helps at all, and if you have any more questions please don't be worried about asking.
CAP needs to put across as price per unit and standing charges and percentages these have gone up by.
Often, inc me understand a "cap" to be just that, the top end but its not in this case.
The max price has to be per unit and the max on standing charges. If there were no limits on these you could not get the average bill . As we all know averages may not mean a lot to those living alone, away from home most of the day at wrks etc compared with a family of 7 or an older couple retired, 77 plus who often feel the cold and are at home most of the time
the cap as I see it is the max price per unit and standing charge per day and when you put them into a sack and shuffule them with the number of properties, you get the averages
The 'CAP' is at best misleading.
A simpler solution is, Max Price Per unit of gas/ec & Max Price for standing charges daily rate. Then most people have an idea or can get last years readouts and have a good idea what they will be pay.
I blame the suppliers, the media and most of all OFGEM for allowing this confusion in order to make a big ...... problem not look as bad as it is.0 -
Btw - the "average user" rubbish is not just misused by the gas/elc suppliers but even worse by the water co outfits. Yes, they installed meters so they could make more money out of more people. Sure some will save but the majority pay more.
These so-called "averages" as NOT a cap but figures used by these outfits to make things appear better than they are.
If the max price per unit of gas/elec and the standing charge was readily displayed, they'd be much more competition once things settle down but of course we know they want profits not competition/good value.
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diystarter7 said:Btw - the "average user" rubbish is not just misused by the gas/elc suppliers but even worse by the water co outfits. Yes, they installed meters so they could make more money out of more people. Sure some will save but the majority pay more.
These so-called "averages" as NOT a cap but figures used by these outfits to make things appear better than they are.
If the max price per unit of gas/elec and the standing charge was readily displayed, they'd be much more competition once things settle down but of course we know they want profits not competition/good value.
The max unit price always only applied to the SVR, pre the current situation there were always fixes considerably below the SVR or "cap" and the market operated with comparable rates and indeed entire websites dedicated to finding the customer the cheapest deal with little effort.
Meters were not installed to "make more money out of people", they were installed so that people paid for what they used and to encourage reasonable usage, unlike those who are on water rates who have no incentive not to waste water.5 -
@SAC2334 estimated annual usage figures are readily available in online accounts with EDF when comparing their tariffs on offer and also clearly shown on the bottom of bills.
There is no need to go hunting for anything, however whether Mr or Mrs Average can then work out what to do with them is the crux of the issue.
Finding the capped rates and standing charges is easy if you have internet access.
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diystarter7 said:Btw - the "average user" rubbish is not just misused by the gas/elc suppliers but even worse by the water co outfits. Yes, they installed meters so they could make more money out of more people. Sure some will save but the majority pay more.
These so-called "averages" as NOT a cap but figures used by these outfits to make things appear better than they are.
If the max price per unit of gas/elec and the standing charge was readily displayed, they'd be much more competition once things settle down but of course we know they want profits not competition/good value.
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