80% increase on the cap??

TheTone79

I just don’t understand the number the media is using. 80% increase on the price cap. 

My maths calculates electricity going from 28p/kWh to 52p/kWh (86%) and gas 7p/kWh to 15p/kWh (114%). 

Have I got a grave misunderstanding or is 80% just not accurate?

[Deleted User]

You have a complete misunderstanding.  Did you search for the four other threads where this question was asked?

Try including the standing charges for a start, and using the annual usage figures that it's based on.

jj_43

the 80% is an average, the increase for you will differ. regional differences, your prior tariff could be why it differs.

Ultrasonic

The 80% figure is for the increase in the total bill for a 'typical' household, and includes the standing charges.

Astria

Yes, it completely depends on your electric and gas demands, for example if we use 2920 and 12045 kWh respectively we find out it's 100%

[Deleted User]

Astria said:

Yes, it completely depends on your electric and gas demands, for example if we use 2920 and 12045 kWh respectively we find out it's 100%

You've missed the standing charge as well - was that deliberate because the increase was small and it would mess up your numbers?

Astria

[Deleted User] said:

Astria said:

Yes, it completely depends on your electric and gas demands, for example if we use 2920 and 12045 kWh respectively we find out it's 100%

You've missed the standing charge as well - was that deliberate because the increase was small and it would mess up your numbers?

No, it was more CBA because the increase is very small and in some regions may be non-existent.

You can add £3.65 to the o.cost if you feel it really needs it, but the percentage is not going to change by much. I think the GAS SC is the same as April isn't it?

[Deleted User]

Add the standing charge and the >100% that you quote drops much closer to the published 80% - and if the OP included it and used the average units it would match.

For your electricity example (rough numbers) it would change from 1520/820 (85% increase) down to 1640/940 (75% increase).

Astria

[Deleted User] said:

Add the standing charge and the >100% that you quote drops much closer to the published 80% - and if the OP included it and used the average units it would match.

For your electricity example (rough numbers) it would change from 1520/820 (85% increase) down to 1640/940 (75% increase).

I'd love to see your calculations for that because if I include the standing charge, which is basically 1p on gas/electric, that's £8.25 per year more, so the total ends up £3333 instead of £3325, so it's still 100%.

I don't know where you get your figures from.

[Deleted User]

Astria said:

[Deleted User] said:

Add the standing charge and the >100% that you quote drops much closer to the published 80% - and if the OP included it and used the average units it would match.

For your electricity example (rough numbers) it would change from 1520/820 (85% increase) down to 1640/940 (75% increase).

I'd love to see your calculations for that because if I include the standing charge, which is basically 1p on gas/electric, that's £8.25 per year more, so the total ends up £3333 instead of £3325, so it's still 100%.

I don't know where you get your figures from.

Don't add the increase of standing charge onto the second figure - add the total annual standing charge onto the pre- and post- cap rise totals.  Otherwise you're dividing by the wrong thing.

pochase

Astria said:

[Deleted User] said:

Add the standing charge and the >100% that you quote drops much closer to the published 80% - and if the OP included it and used the average units it would match.

For your electricity example (rough numbers) it would change from 1520/820 (85% increase) down to 1640/940 (75% increase).

I'd love to see your calculations for that because if I include the standing charge, which is basically 1p on gas/electric, that's £8.25 per year more, so the total ends up £3333 instead of £3325, so it's still 100%.

I don't know where you get your figures from.

Why would you only add the increase and not the full standing charges? You add the full amount for gas and electricity, and not just the additional cost?

You need to get near as possible to the £3549

Your other problem is that Ofgem published gas as 15p, in reality it should be more 14.80, Ofgem just like single digit numbers without anything after the dot.