Energy price cap freeze on a fixed tariff

[Deleted User]

mattgod69 said:

Ultrasonic said:

mattgod69 said:

Nothing about bringing down the the guaranteed rate?  It is a fixed reduction  regardless... why are they being allowed choose what to do? I think we are in danger of the suppliers interpreting this to their own advantage and being able to claim the full discount from the government... I hope this wouldn't happen but it is clearly a risk.... 

It's probably more the government setting the limits I'd have thought. If the government are paying the difference anyway the energy companies wouldn't particularly care either way I'd have thought.

Edit: beyond if one option is easier for them to implement I suppose.

Yeah possibly, but there is a real risk this could happen don't you think.... 

Or the summarised fact sheet for public consumption doesn't contain all the details from the several rounds of meetings between the government and the suppliers that will have happened (and are likely still happening) to create this scheme - EdF for one have said that there would be a floor in the discounted rates since almost the first announcement.

Or whoever typed the fact sheet missed out the words "up to" (mistakes can happen, as you as you demonstrate by having mistyped 'to' as 'the' in your post).

Or it hadn't been completely decided by the time the fact sheet was issued (five days ago) and there have been clarifications since.

The suppliers are getting given free money.  They're going to be very careful not to do anything that would jeopardise that.

jak22

Although the fact-sheet only mentions a fixed discount it makes no sense for there not to be a floor at the New Cap level, otherwise those below Oct Cap would pay less than the New Cap and less than those who arent due any reduction.

.Current.........New Cap rate  .................................. Oct Cap rate ..............................................
              |                   |                   |                  |               |                               |                       |
             V                   |                   |                  |               |                               |                       |
    Stays below           |                   |                  |               |                               |                       |
       New Cap             |                   |                  |               |                               |                       |
                                   |                   |                  |               |                               |                       |
                                  V                   |                  |               |                               |                       |
                        New Cap floor  <----------------------------------                               |                       |
                                                                                                                           |                       |
                                                      Above New Cap <----------------------------------                       |
                                                                                                                                                   |
                                                                              Above New Cap <----------------------------------                    

The_Green_Hornet

Yet the BBC are saying that the government has told them it is a fixed discount and even Martin Lewis is using a BEST GUESS caveat in what he believes it all means.

The only facts we have are contained within the BEIS factsheet. If people don't believe it is correct then so be it but there are a lot of strange assumptions being made on here just to fit people's own personal views.

I hope that it all becomes clear soon but unless the government publishes the agreements they have made with the suppliers then this could run and run 

In the meantime I will wait and see.

Ultrasonic

The_Green_Hornet said:

Yet the BBC are saying that the government has told them it is a fixed discount and even Martin Lewis is using a BEST GUESS caveat in what he believes it all means.

The only facts we have are contained within the BEIS factsheet. If people don't believe it is correct then so be it but there are a lot of strange assumptions being made on here just to fit people's own personal views.

I hope that it all becomes clear soon but unless the government publishes the agreements they have made with the suppliers then this could run and run 

In the meantime I will wait and see.

You keep suggesting everyone else is acting as if it's certain what will happen, when we aren't.

nekr0mantik

I think the supplies will have full details after the upcoming budget announcement next week. That's if it happens as on Monday it's Queen funeral so they may delay it but who knows 

goldygash

Given the details in Martin’s email, would it now be wise to take my parents out of their fix with BG (E = 36.4p & G = 10.44p) and drop them back to the SVT?  BG have already written to me to say this can be done without exit fees.  Thanks

The_Green_Hornet

Ultrasonic said:

The_Green_Hornet said:

Yet the BBC are saying that the government has told them it is a fixed discount and even Martin Lewis is using a BEST GUESS caveat in what he believes it all means.

The only facts we have are contained within the BEIS factsheet. If people don't believe it is correct then so be it but there are a lot of strange assumptions being made on here just to fit people's own personal views.

I hope that it all becomes clear soon but unless the government publishes the agreements they have made with the suppliers then this could run and run 

In the meantime I will wait and see.

You keep suggesting everyone else is acting as if it's certain what will happen, when we aren't.

Incorrect. All I am saying is that certain people are making some strange assumptions to disagree with the contents of the official statement from the BEIS. Nothing more.

Ultrasonic

The_Green_Hornet said:

Ultrasonic said:

The_Green_Hornet said:

Yet the BBC are saying that the government has told them it is a fixed discount and even Martin Lewis is using a BEST GUESS caveat in what he believes it all means.

The only facts we have are contained within the BEIS factsheet. If people don't believe it is correct then so be it but there are a lot of strange assumptions being made on here just to fit people's own personal views.

I hope that it all becomes clear soon but unless the government publishes the agreements they have made with the suppliers then this could run and run 

In the meantime I will wait and see.

You keep suggesting everyone else is acting as if it's certain what will happen, when we aren't.

Incorrect. All I am saying is that certain people are making some strange assumptions to disagree with the contents of the official statement from the BEIS. Nothing more.

I'd suggest that mostly people are reflecting conflicting information that has come to light after that 'factsheet' was last updated, which is a little different to people making their own assumptions.

deano2099

Deleted_User said:

Somehow it's become a bad thing if anyone has ever paid a penny more than someone else, and everyone wants some sort of retrospective re-imbursement if they have ever paid a penny more than they had to under any circumstance.  Add that to the repeated threads saying "how is this fair, that person gets a bigger discount than me" and it all starts to look like a bunch of children.

Not quite, it's only a bad thing if someone on a fix pays a penny more than someone else. Because as we know only the smartest and best looking people take out fixes, and should be rewarded for their vast intelligence in doing so. It's totally fine if the proles that stayed on the SVT for any reason pay more, they deserve it.

[Deleted User]

Ultrasonic said:

The_Green_Hornet said:

Ultrasonic said:

The_Green_Hornet said:

Yet the BBC are saying that the government has told them it is a fixed discount and even Martin Lewis is using a BEST GUESS caveat in what he believes it all means.

The only facts we have are contained within the BEIS factsheet. If people don't believe it is correct then so be it but there are a lot of strange assumptions being made on here just to fit people's own personal views.

I hope that it all becomes clear soon but unless the government publishes the agreements they have made with the suppliers then this could run and run 

In the meantime I will wait and see.

You keep suggesting everyone else is acting as if it's certain what will happen, when we aren't.

Incorrect. All I am saying is that certain people are making some strange assumptions to disagree with the contents of the official statement from the BEIS. Nothing more.

I'd suggest that mostly people are reflecting conflicting information that has come to light after that 'factsheet' was last updated, which is a little different to people making their own assumptions.

When did a factsheet for public consumption become the sole and complete documentation of a complex commercial and legislative arrangement, or the only method by which information is allowed to be released?

Shall I wait until my personal tariff details appear on the factsheet, or is it allowable that my supplier can provide these to me?

@deano2099 sarcasm tags noted.