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

[Deleted User]

Re:  

• "The government Energy Price Guarantee is automatically applied to all customers, regardless of whether you are on a fixed or standard variable tariff."

This sounds as if everyone with OVO who has a fixed rate will automatically have it changed to the new 1st October Energy Price Guarantee rate.

Is that right or have I misunderstood?  I am not with OVO but I didn't think anyone could be automatically have their fixed rate changed by their Energy Company.

busybee100

[Deleted User] said:

Re:  

• "The government Energy Price Guarantee is automatically applied to all customers, regardless of whether you are on a fixed or standard variable tariff."

This sounds as if everyone with OVO who has a fixed rate will automatically have it changed to the new 1st October Energy Price Guarantee rate.

Is that right or have I misunderstood?  I am not with OVO but I didn't think anyone could be automatically have their fixed rate changed by their Energy Company.

Instead of 'changed' I would think of it as discount applied. It doesn't mean they will all be reduced to the new  34p/10p price just reduced by the 17p/4p.

[Deleted User]

Thanks busybee100.  That makes sense and I understand now.

molerat

Deleted_User said:

Does anyone have a link I'm sure I saw about the unit and daily standing charges from 01 October, please? I was going out and I meant to bookmark it to look later but I forgot.  Also - will it still be provisional or is the one I saw likely to be the 'confirmed' rates?

I'll need to get my bill out but I think my present charges (from a scribbled note on my calendar)  are for electricity 41.03 p per kWh and daily charge 24.86 p and for gas 12.41 p per kWh and daily charge 26.10 p. 

The chart I (think i saw) outlined the charges per unit and per day (including VAT, I think) from 01 October 2022 according to Region - I'm in South Scotland/Scottish Power Area.

I hope I wasn't imagining that I saw what I thought was the details from 01 October.

Thank you.

EDF have published a full table of their rates so possibly a more "real life" picture https://www.edfenergy.com/sites/default/files/government_energy_price_guarantee_prices._standard_variable_deemed_and_welcome._credit_meters.pdf

[Deleted User]

Thanks very much molerat - I've printed it out as good to have.

mrsmac59

Can anyone tell me the price cap rates for now? Its so long ago I can't remember.

molerat

mrsmac59 said:

Can anyone tell me the price cap rates for now? Its so long ago I can't remember.

The April 2022 cap ?

https://forums.moneysavingexpert.com/discussion/comment/79459270/#Comment_79459270

mrsmac59

molerat said:

mrsmac59 said:

Can anyone tell me the price cap rates for now? Its so long ago I can't remember.

The April 2022 cap ?

https://forums.moneysavingexpert.com/discussion/comment/79459270/#Comment_79459270

Yes the April one ,a chart showing breakdown of areas price per kwh and dsc.

[Deleted User]

mrsmac59 said:

molerat said:

mrsmac59 said:

Can anyone tell me the price cap rates for now? Its so long ago I can't remember.

The April 2022 cap ?

https://forums.moneysavingexpert.com/discussion/comment/79459270/#Comment_79459270

Yes the April one ,a chart showing breakdown of areas price per kwh and dsc.

Hint - the link molerat posted has that chart in the signature if you didn't follow it.

QrizB

mrsmac59 said:

molerat said:

mrsmac59 said:

Can anyone tell me the price cap rates for now? Its so long ago I can't remember.

The April 2022 cap ?

https://forums.moneysavingexpert.com/discussion/comment/79459270/#Comment_79459270

Yes the April one ,a chart showing breakdown of areas price per kwh and dsc.

See the link in my signature.
https://forums.moneysavingexpert.com/discussion/comment/78957887/#Comment_78957887

Deleted_User said:

Hint - the link molerat posted has that chart if you didn't follow it.

Molerat linked to the October 2022 post.

I'll put one together for the SEG once there's a government announcement - although I could try back-calculating from EDF's rate card.