New EDF prices - PDF document released with new prices from 1st October 2022

Chrysalis

poppellerant said:

https://www.edfenergy.com/sites/default/files/government_energy_price_guarantee_prices._standard_variable_deemed_and_welcome._credit_meters.pdf

Above is a link to a PDF found online, titled "Government Energy Price Guarantee prices".

As per the document, the prices are "effective from 1 October 2022".

Finally some proper E7 tariffs from someone, they are indeed good, but I dont understand the huge variances between regions.

CRISPIANNE3

My gas fix is for 2 years and I am charged 27p sc and 11.19 including vat. However the svr rate will be 28.48 sc and 10.426. If I come off the fix will I still pay the exit fee of £100.00 or will they leave me on the fix term and just adjust the charges accordingly.

Astria

CRISPIANNE3 said:

My gas fix is for 2 years and I am charged 27p sc and 11.19 including vat. However the svr rate will be 28.48 sc and 10.426. If I come off the fix will I still pay the exit fee of £100.00 or will they leave me on the fix term and just adjust the charges accordingly.

Just stay on it and you should receive an email next week with the new charges.

Zaul22

How are they allowed to charge economy 7 rates above the cap?

This whole thing is ridiculous, the more info we find out the more questions it generates. 

[Deleted User]

Zaul22 said:

How are they allowed to charge economy 7 rates above the cap?

This whole thing is ridiculous, the more info we find out the more questions it generates. 

It's not above the cap because the cap isn't one thing.

It's exactly at the cap for E7 tariffs though.

MWT

Zaul22 said:

How are they allowed to charge economy 7 rates above the cap?

This whole thing is ridiculous, the more info we find out the more questions it generates. 

Because there is no such thing as 'the cap'...

The figures the press use and Government for that matter are averages of many caps rolled together.

The basis for the £2,500 is dual fuel (2900/12000 kWh electric/gas) paid by DD as an average across the regions.

E7 will have a different cap based on 4,200kWh split 58/42% day/night, and of course different versions for each region and payment method....

SnakePlissken

MWT said:

Zaul22 said:

How are they allowed to charge economy 7 rates above the cap?

This whole thing is ridiculous, the more info we find out the more questions it generates. 

Because there is no such thing as 'the cap'...

The figures the press use and Government for that matter are averages of many caps rolled together.

The basis for the £2,500 is dual fuel (2900/12000 kWh electric/gas) paid by DD as an average across the regions.

E7 will have a different cap based on 4,200kWh split 58/42% day/night, and of course different versions for each region and payment method....

Most people with electric heating will have no chance of being anywhere near 4200 kw in a year.
That sounds a bonkers calculation taking no account of someone using any heating in the winter, nor using electricity for all cooking and for hot water. 4200 KW = 11 units a day. Electric heating such as storage can add 30kw or more  a day to that 11 units at peak of winter.

Are you sure its based on 4200 KW as that doesnt sound right.

SnakePlissken

SnakePlissken said:

MWT said:

Zaul22 said:

How are they allowed to charge economy 7 rates above the cap?

This whole thing is ridiculous, the more info we find out the more questions it generates. 

Because there is no such thing as 'the cap'...

The figures the press use and Government for that matter are averages of many caps rolled together.

The basis for the £2,500 is dual fuel (2900/12000 kWh electric/gas) paid by DD as an average across the regions.

E7 will have a different cap based on 4,200kWh split 58/42% day/night, and of course different versions for each region and payment method....

Most people with electric heating will have no chance of being anywhere near 4200 kw in a year.
That sounds a bonkers calculation taking no account of someone using any heating in the winter, nor using electricity for all cooking and for hot water. 4200 KW = 11 units a day. Electric heating such as storage can add 30kw or more  a day to that 11 units at peak of winter.

Are you sure its based on 4200 KW as that doesnt sound right.

Just done a quick calc using 41p per unit on 4200 kw and with standing charge and vat it still doesnt match the new cap figure. And thats not using any night units at the lower rate.

QrizB

SnakePlissken said:

MWT said:

Zaul22 said:

How are they allowed to charge economy 7 rates above the cap?

This whole thing is ridiculous, the more info we find out the more questions it generates. 

Because there is no such thing as 'the cap'...

The figures the press use and Government for that matter are averages of many caps rolled together.

The basis for the £2,500 is dual fuel (2900/12000 kWh electric/gas) paid by DD as an average across the regions.

E7 will have a different cap based on 4,200kWh split 58/42% day/night, and of course different versions for each region and payment method....

Most people with electric heating will have no chance of being anywhere near 4200 kw in a year.

Yet somehow it's the median value. Probably because of all the electric-only one-bed flats.

4200 KW = 11 units a day. Electric heating such as storage can add 30kw or more  a day to that 11 units at peak of winter.

But outside of heating season, they might only be using 3-4kWh a day.

Just done a quick calc using 41p per unit on 4200 kw and with standing charge and vat it still doesnt match the new cap figure. And thats not using any night units at the lower rate.

I have no idea what calculation you've done, but taking the East Midlands DD rates from here I get:

• Day rate: 47.31p/kWh
• Night rate: 6.90p/kWh
• Standing charge: 45.86p/day
  
• Weighted average: (47.31*0.58) + (6.90*0.42) = 30.3378p/kWh
• Annual cost: £1441.58
  

[Deleted User]

SnakePlissken said:

SnakePlissken said:

MWT said:

Zaul22 said:

How are they allowed to charge economy 7 rates above the cap?

This whole thing is ridiculous, the more info we find out the more questions it generates. 

Because there is no such thing as 'the cap'...

The figures the press use and Government for that matter are averages of many caps rolled together.

The basis for the £2,500 is dual fuel (2900/12000 kWh electric/gas) paid by DD as an average across the regions.

E7 will have a different cap based on 4,200kWh split 58/42% day/night, and of course different versions for each region and payment method....

Most people with electric heating will have no chance of being anywhere near 4200 kw in a year.
That sounds a bonkers calculation taking no account of someone using any heating in the winter, nor using electricity for all cooking and for hot water. 4200 KW = 11 units a day. Electric heating such as storage can add 30kw or more  a day to that 11 units at peak of winter.

Are you sure its based on 4200 KW as that doesnt sound right.

Just done a quick calc using 41p per unit on 4200 kw and with standing charge and vat it still doesnt match the new cap figure. And thats not using any night units at the lower rate.

And what "new cap figure" were you trying to make it match?  The E7 electricity caps are somewhere around £1440 (we could work them all out from the EdF numbers but I haven't seen the accurate cap list yet).