Energy Price Guarantee (announced 8 Sep): initial reaction & questions

ariarnia

Thank you. 

Mstty

Shack_attack said:

Does anyone have a round about guess on what the unit cost will be capped at? I saw someone suggest 33-34p for electricity but haven't seen anything for gas. Thanks

Might as well wait now but best guesses ranged from 9-10p gas and 33-36p elec. But it's being announce now or soon.(maybe not to that details though)

ariarnia

Shack_attack said:

Does anyone have a round about guess on what the unit cost will be capped at? I saw someone suggest 33-34p for electricity but haven't seen anything for gas. Thanks

SparkyGrad estimated roughly 10.5p per unit gas and 34.7p per unit electricity 

but there's a lot of assumptions that we won't know for probably a couple of hours. 

DAVEMCFC

Mstty said:

Shack_attack said:

Does anyone have a round about guess on what the unit cost will be capped at? I saw someone suggest 33-34p for electricity but haven't seen anything for gas. Thanks

Might as well wait now but best guesses ranged from 9-10p gas and 33-36p elec. But it's being announce now or soon.(maybe not to that details though)

They never give the unit rate, only the average household use. Absolute waste of time, for most people who don't fit the average..

ariarnia

DAVEMCFC said:

Mstty said:

Shack_attack said:

Does anyone have a round about guess on what the unit cost will be capped at? I saw someone suggest 33-34p for electricity but haven't seen anything for gas. Thanks

Might as well wait now but best guesses ranged from 9-10p gas and 33-36p elec. But it's being announce now or soon.(maybe not to that details though)

They never give the unit rate, only the average household use. Absolute waste of time, for most people who don't fit the average..

not really if you know your annual usage given if you know you use half or two thirds of the average then you can work out you'll pay about half or two thirds of the cap. 

nice to see explicit reference right at the start to those who use oil or on non domestic arrangements 

phillw

ariarnia said:
not really if you know your annual usage given if you know you use half or two thirds of the average then you can work out you'll pay about half or two thirds of the cap. 

Different areas have different standing charge and unit price, so you can only get a rough idea.

MSE_James

There's an initial (brief) written ministerial statement here:

https://questions-statements.parliament.uk/written-statements/detail/2022-09-08/hcws294  

DAVEMCFC

Green levy scrapped, but price still goes up? How does that work?

Janie2008

My fix is 11% above the April cap so I should be ok with the £2500 average.

ariarnia

DAVEMCFC said:

Green levy scrapped, but price still goes up? How does that work?

the green levy is only a small part of most peoples bills now. i think i read it was less than £200 of the average annual bill so the cost of energy going up by more than that means the total still goes up.