Suspicious British Gas tariffs!

Dazza101

Hi all, I have just been checking out the new October guaranteed price cap tariffs on British Gas to estimate my future costs. I am on a standard variable with British Gas currently.
On their own website, it states that the daily standing charge for electricity when the cap comes into force in October will be 46.356p/day. it is currently 49.546p.day. So it will actually DROP in October. Does this mean they have been overcharging on their variable tariffs? FYI, the Gas standing charge is already at the cap price exactly at 28.485p/day. Has anyone else noticed this or have similar anomalies with your different supplier?
Many thanks for any comments about this. 

400ixl

Aren't BG showing the what would have been the October 1st capped tariff against the new October 1st capped Tariff?

It seems it has caught out many in them reading it as the higher rate is applicable now but is n't.

Dazza101

@400ixl Thanks but nope that's not the case. This is my actual current tariff. It does declare the kwh rate going up from standard to new capped rate which shows it isn't a comparison to what it would have been before the cap.

brewerdave

I think that ,under the "old" price cap rules ,the suppliers could vary the split between p/kwh and daily standing charge as long as the overall costs were within the cap. Presumably under the EPG this "freedom" is removed for the new capped rates. 

Astria

brewerdave said:

I think that ,under the "old" price cap rules ,the suppliers could vary the split between p/kwh and daily standing charge as long as the overall costs were within the cap. Presumably under the EPG this "freedom" is removed for the new capped rates. 

There's always been rules between how you can split the p/kWh and SC, there's a maximum you can charge for zero consumption and a maximum you can charge for typical consumption. This is to allow for a range of tariffs than can scale with consumption. The zero consumption figure isn't typically publicised.