New business tariff per kwhr

rickmaggie

We live in a park home with electricity supplied thru the site owner. Our  business electricity contract commenced on 1April. Do we qualify for the new rate of 0.211p per kwhr starting on 1 October?

Rick

Astria

Not sure what you mean? Whats 0.211p/kWh ?

If you are on a business electricity contract then surely you will be paying the rates as specified by that contract?

The_Fat_Controller

The new electricity cap next week on DOMESTIC contracts is around 34p per kWh.

You need to ask the site owner about the rates THEY have negotiated in their contract, if that rate changes on 1st October and what that will be.

[Deleted User]

Astria said:

Not sure what you mean? Whats 0.211p/kWh ?

If you are on a business electricity contract then surely you will be paying the rates as specified by that contract?

It’s a misunderstanding of the new cap on business energy contracts, which is to cap the wholesale part of each tariff to the equivalent of £211/MWh.

Doesn’t translate directly to a unit price cap as the OP seems to think though.

superbigal

Yes traditionally Business energy costs are lower than domestic so they must be angling to see if their rates may be circa 21p per Kwh as opposed to the domestic cap. 
their calculator must have not realised 1000Kw in a Mw

[Deleted User]

superbigal said:

Yes traditionally Business energy costs are lower than domestic so they must be angling to see if their rates may be circa 21p per Kwh as opposed to the domestic cap. 
their calculator must have not realised 1000Kw in a Mw

It’s not the division that is wrong.

They’ve just forgotten that wholesale prices are only one part of the calculation to get unit prices.