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Is it possible to be charged over the £2500 price guarantee even if you have Ofgem typical usage?

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Comments

  • MalC4
    MalC4 Posts: 11 Forumite
    Seventh Anniversary Name Dropper First Post Combo Breaker
    (Sorry, I would reply as a quote but the website keeps telling me I haven't been around long enough to post anything - weird!)


    Thank you MWT

    I used the usual search engine and followed so many links and your link wasn't one of those that popped up in the search results. That simple sentence on gov.uk is essentially what all this boils down to. Thanks :)


  • MalC4
    MalC4 Posts: 11 Forumite
    Seventh Anniversary Name Dropper First Post Combo Breaker
    edited 25 October 2023 at 9:41PM
    @[Deleted User] - I feel that even that screenshot of ML's message is, sadly, misleading because it suggests that the upper limits on unit charges and daily charges are those listed.  Yet in my region the gas standing charge is 49.17p/day and the only charge out of the 4 that is lower for me is the electricity unit charge and even that is only 0.03p/kWh less than that quoted above. 
    Hopefully there was further explanation elsewhere on that page
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Third Anniversary Name Dropper
    edited 25 October 2023 at 9:41PM
    MalC4 said:
    @[Deleted User] - I feel that even that screenshot of ML's message is, sadly, misleading because it suggests that the upper limits on unit charges and daily charges are those listed.  Yet in my region the gas standing charge is 49.17p/day and the only charge out of the 4 that is lower for me is the electricity unit charge and even that is only 0.03p/kWh less than that quoted above. 
    Hopefully there was further explanation elsewhere on that page
    He was having a go at the PM’s round of interviews where she kept saying that £2500 a year would be the maximum consumer cost. 
  • There are two different misunderstandings now being conflated in this thread. 

    The original misunderstanding (raised by the OP) was that the £2500 cap for typical usage applies everywhere.

    The second misunderstanding, which I think was not in question here but has been seen frequently elsewhere, is that many people assume that £2500 is an absolute cap regardless of usage.

    Both are natural conclusions of the inaccurate and misleading comments in the press.  And both require understanding of the details of the scheme to address (which few people in the public domain are trying to provide).
  • Exodi
    Exodi Posts: 4,213 Forumite
    Eighth Anniversary 1,000 Posts Chutzpah Haggler Car Insurance Carver!
    macman said:
    If a couple of the local FB groups are typical, there are still millions of people who think that their DD amount is an actual bill, and that the cap is a maximum of £2.5k, regardless of usage. It's nigh-impossible to get this message over to everyone. I don't see what more can be done.
    You see it everywhere - even on this forum you'll see a poster every week coming in with this misconception.

    Makes you wonder whether there will be large swathes of people, heating set to 28 degrees all winter, sat around in their underwear with a fan blowing in their face, cooking their eggs on their underfloor-heated floor.

    Plus a theoretical maximum cap of £2.5k would be pretty regressive:

    'Mike, Lucy and their two kids from Leicester are glad the energy price cap was introduced, as their 3 bed house was expected to cost around £3600 a year without the governments intervention, but will now only cost £2500. Oh, and Charles Windsworth IV and his Cotswold mansion, he's very happy about the cap also.'

    But then, given the governments other recent policies combined with the seeming to indicate it is a complete cap, maybe that is what they mean after all!
    Know what you don't
  • MalC4
    MalC4 Posts: 11 Forumite
    Seventh Anniversary Name Dropper First Post Combo Breaker
    edited 25 October 2023 at 9:41PM
    MalC4 said:
    @[Deleted User] - I feel that even that screenshot of ML's message is, sadly, misleading because it suggests that the upper limits on unit charges and daily charges are those listed.  Yet in my region the gas standing charge is 49.17p/day and the only charge out of the 4 that is lower for me is the electricity unit charge and even that is only 0.03p/kWh less than that quoted above. 
    Hopefully there was further explanation elsewhere on that page
    He was having a go at the PM’s round of interviews where she kept saying that £2500 a year would be the maximum consumer cost. 
    OK, I get the point - he was still trying to push home that there's no agreement to set a maximum annual bill charge. You pay for the energy you use!!!
  • >Makes you wonder whether there will be large swathes of people, heating set to 28 degrees all winter, sat around in their underwear with a fan blowing in their face, cooking their eggs on their underfloor-heated floor.<

    Imagine the pages and pages of sad faces in the Daily Mail  ! 🤦‍♂️
  • Miser1964 said:
    >Makes you wonder whether there will be large swathes of people, heating set to 28 degrees all winter, sat around in their underwear with a fan blowing in their face, cooking their eggs on their underfloor-heated floor.<

    Imagine the pages and pages of sad faces in the Daily Mail  ! 🤦‍♂️
    Especially as the msg from Liz Truss yesterday was familys would pay no more than £2500
  • Chrysalis
    Chrysalis Posts: 4,755 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Very few people will have ofgem average usage.  Its a hideous way to report the cap.
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