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Indication of price cap for Eletricity only in Oct 2022?
Hi All,
I know the immediate answer to my question may be, noone knows for sure, but there must be an educated guess that can be made.
Basically we are all given the idea there is likely to be a 77% increase to bills, but no indication of how that will be split between Gas and Elec.
The reason I want some sort of idea is because im considering going with Octopus Go fixed for 12 months for electricity, which is on peak of 40p kwh, and off peak of 7.5p kwh.
40p sounds a lot at the moment, but I would like some sort if indication whether that will actually still be expensive after the price cap increase in Oct.
I know the immediate answer to my question may be, noone knows for sure, but there must be an educated guess that can be made.
Basically we are all given the idea there is likely to be a 77% increase to bills, but no indication of how that will be split between Gas and Elec.
The reason I want some sort of idea is because im considering going with Octopus Go fixed for 12 months for electricity, which is on peak of 40p kwh, and off peak of 7.5p kwh.
40p sounds a lot at the moment, but I would like some sort if indication whether that will actually still be expensive after the price cap increase in Oct.
0
Comments
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40p is very reasonable as the cap estimate is already around 45p and keeps getting even higher predictions.
Go is an EV tariff so I'm assuming you own one and can prove this to Octopus?Barnsley, South Yorkshire
Solar PV 5.25kWp SW facing (14 x 375) installed Mar 22
Lux 3.6kw hybrid inverter and 9.6kw Pylontech batteries
Daikin 8kW ASHP installed Jan 25
Octopus Cosy/Fixed Outgoing0 -
Here you go
https://forums.moneysavingexpert.com/discussion/comment/79388066/#Comment_79388066
Calculated based on the last CI prediction.0 -
Jump on it fast, today's new predictions are crazy.Barnsley, South Yorkshire
Solar PV 5.25kWp SW facing (14 x 375) installed Mar 22
Lux 3.6kw hybrid inverter and 9.6kw Pylontech batteries
Daikin 8kW ASHP installed Jan 25
Octopus Cosy/Fixed Outgoing0 -
Almost worth buying an EV just to sit in the garage (I don't drive)
Barnsley, South Yorkshire
Solar PV 5.25kWp SW facing (14 x 375) installed Mar 22
Lux 3.6kw hybrid inverter and 9.6kw Pylontech batteries
Daikin 8kW ASHP installed Jan 25
Octopus Cosy/Fixed Outgoing0 -
And an hour after I posted a link to the predicted figures we have a new prediction...
3
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