Price Cap ?- say it how it is

[Deleted User]

There's a table (or maybe a tool) on the main MSE site.

Or you could work it out from the OFGEM letter with a bit of division, but someone else has already done that.

Bear in mind its not just a regional difference, it's also different for prepayment vs credit vs cash.

sully1311

lindatoo said:

pochase said:

The cap for KWh and standing charges is different between the energy regions.

What is been published 52p/15p is the national average, and you pay a different rate depending if you are in London, Wales or Scotland.

How do you find out what it is for your area?

https://www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/#tool

[Deleted User]

Why is there this recurring obsession with getting rid of standing charges? 

It's been looked at many times, and each time the standing charge has been determined the least worst option.

MouldyOldDough

[Deleted User] said:

It is exactly a price cap because it sets the maximum sale price for a unit - what it is not is a cost cap.

People seem incapable of understanding the different in these things.

It's like seeing a price cap of £1 for a pint of milk, and then not understanding that 2 pints might cost more than £1. 

And that's only if you buy the average amount of milk every day
If, for example - you are unfortunate enough to have 6 kids and use 3 times the average amount of milk then the calculations don't apply to you 

lindatoo

Deleted_User said:

There's a table (or maybe a tool) on the main MSE site.

Or you could work it out from the OFGEM letter with a bit of division, but someone else has already done that.

Bear in mind its not just a regional difference, it's also different for prepayment vs credit vs cash.

Thank you I've found it. 

What will the price cap standing charges and unit rates for gas and electricity on direct debit be for my region from 1 October 2022?

	Gas	Electricity
North West	Unit rate: 14.75p per kWh   Standing charge: 28.49p per day	Unit rate: 51.32p per kWh   Standing charge: 43.26p per day
Northern	Unit rate: 14.63p per kWh   Standing charge: 28.49p per day	Unit rate: 50.09p per kWh   Standing charge: 49.93p per day
Yorkshire	Unit rate: 14.67p per kWh   Standing charge: 28.49p per day	Unit rate: 50.88p per kWh   Standing charge: 49.55p per day
Northern Scotland	Unit rate: 14.7p per kWh   Standing charge: 28.49p per day	Unit rate: 50.92p per kWh   Standing charge: 51.07p per day
Southern	Unit rate: 14.88p per kWh   Standing charge: 28.49p per day	Unit rate: 52.07p per kWh   Standing charge: 44.41p per day
Southern Scotland	Unit rate: 14.7p per kWh   Standing charge: 28.49p per day	Unit rate: 51.61p per kWh   Standing charge: 50.66p per day
North Wales & Mersey	Unit rate: 14.77p per kWh   Standing charge: 28.49p per day	Unit rate: 53.83p per kWh   Standing charge: 48.6p per day
London	Unit rate: 14.94p per kWh   Standing charge: 28.49p per day	Unit rate: 53.65p per kWh   Standing charge: 33.16p per day
South East	Unit rate: 14.72p per kWh   Standing charge: 28.49p per day	Unit rate: 53.16p per kWh   Standing charge: 42.68p per day
Eastern	Unit rate: 14.74p per kWh   Standing charge: 28.49p per day	Unit rate: 52.91p per kWh   Standing charge: 38.94p per day
East Midlands	Unit rate: 14.66p per kWh   Standing charge: 28.49p per day	Unit rate: 50.87p per kWh   Standing charge: 45.77p per day
Midlands	Unit rate: 14.76p per kWh   Standing charge: 28.49p per day	Unit rate: 51.57p per kWh   Standing charge: 49.15p per day
South Western	Unit rate: 14.85p per kWh   Standing charge: 28.49p per day	Unit rate: 51.71p per kWh   Standing charge: 52.64p per day
South Wales	Unit rate: 14.82p per kWh    Standing charge: 28.49p per day	Unit rate: 51.82p per kWh   Standing charge: 49.17p per day
Assumes payment via direct debit and includes VAT (at 5%).

Alnat1

PennyForThem_2 said:

  So do not say that older generation should know cost of a light bulb - that is so unfair for a generation that has not grown up with internet.

I was getting at the BBC for putting that on air without telling the man and all the 1000s who will watch the report, there is no need to sit in the dark. It was a chance to help him and many others who think that too, of any age really. I didn't grow up with the internet either.

MouldyOldDough

Electricity in the USA averages 12p per kWh at the moment
I can't find the rate for mains gas 

mountyuk

My idea to sort this is to set pricing thresholds so that people who use a lot of energy (for example heating an outside swimming pool) subsidise those that are just getting by trying to heat 1 room in a small house and cook dinner.

The thresholds would apply to everyone, but once a threshold is passed the per unit price would rise and any further energy consumed would be charged out at an increased rate. Any number of thresholds could be in place - ensuring that everyone can afford the basics required to survive this winter but those that wanted to and can afford to enjoy excessive use could do so whilst also supporting the less fortunate in society.

I'm not sure if my idea is practical but it strikes me as a fairer way to handle the current crisis.

MouldyOldDough

pochase said:

wrf12345 said:

It is a terrible mess, with useless interviewers on Radio 4, and mindless nonsense from Ofgem who have no interest in protecting consumers from rapacious energy companies. 

Regional differences in prices are minor so they can be averaged out and a single rate for the whole of England. First simplification. Second simplification get rid of standing charges. All the companies are then left with is kwh rates for electric and gas, although unfortunately many gas meters do not read in kwh - pathetic disconnect that could be dangerous if people think it is kwh.

So when you visit an energy site the first thing you should see is their kwh rates for gas and electric, same on the bill. Plus their discount for DD AND fitment of prepayment meter because they saves scads because bad debt is impossible with prepayment meter  (all of the other stuff they come out with is more rip-of nonsense).

Scare mongering based on the rise in average bills is silly because you would have to be !!!!!! not to cut gas and electric right back under the current regime - the government should be leading the charge on this, telling people to save the planet, if not Ukraine, by cutting back on energy consumption. The Germans are way ahead of us on this but Ofgem and the energy companies seem to be colluding to go the other way, get people to carry on as normal and let the govn pay the cost. Pathetic.

Can you show me a single gas meter that is in KWh? Gas is not measured in KWh, but in cubic meter or 100 cubic feet.

I only know M3 and FT3, whereby the FT3 is the dangerous one as each unit is 2.83M3. So a unit is not just 11.2KWh, but 11.2 * 2.83 KWh.

I don't understand the why the price of power is set globally
We can supply most of our needs ourselves - why does the rate in Europe affect us? 

Why does Ukraine affect us so greatly?? 

GingerTim

Because: a) the UK is not self sufficient in gas or any other kind of energy, and b) every other country in the world is trying to purchase the same limited gas supply, driving up the price.