October 22 price cap announcement

SJMALBA

Is the new 'Price Cap' based upon a TDCV of 2900kWh, or 3100kWh of electricity?

QrizB

SJMALBA said:

Is the new 'Price Cap' based upon a TDCV of 2900kWh, or 3100kWh of electricity?

The Ofgem tables are still based on 3100 but the headline figure uses 2900.

The_Green_Hornet

Phlik said:

The_Green_Hornet said:

Correct me if I'm wrong, but everyone had the opportunity to fix their prices much lower than this earlier in the year 

The question is why did the majority just sit on their hands and do nothing?

Was it because of the poor advice given out by the likes of Martin Lewis and other influencers?

No it was because my supplier went bust and I was in limbo for several months. I then fixed after i'd made the the decision to do so.
But if it makes you happy you continue to snear at others for making a different choice to you.

No one is sneering..

I'm just interested in knowing why, when prediction after prediction was showing prices were on an ever increasing upward path, 75% of the population decided to do nothing.

Like you I went through the SOLR process and I didn't fix until June (gas) and July (electricity). In hindsight I should have fixed much earlier.

chris1973

CaptainWales said:

Anybody know which green renewable tariffs are exempt from this rise? Cant find anything on ofgem website.

If you are wanting to run your household on purely renewable energy and no other, are you also willing to go without energy at all for long periods of time, when renewable energy is not delivering?.
 
According to Gridwatch, as I type this, only 23% of our energy is being generated by renewables but i've seen it as low as 11% last Autumn. Certainly not enough to go around. Are you going to step up, be the exemplar and throw your main switch to off and live completely off grid until that Gridwatch renewables display is showing 100% ?

https://gridwatch.co.uk/

Unless the answer is yes, the Electricity coming into your home is generated by several different mixed means, from Renewables to Gas to Coal - just like everybody else's, so you are in exactly the same boat as the rest of us. Being 'Green' doesn't give you a gold key to crapper, nor do you have your own Electricity Grid purely sourced from Renewable generation, if you did you would be seeing a lot of outages............