Standing Charge and Energy Price Guarantee

walkerluce

Thanks everyone for such thorough replies.  Looks like the guidance isn’t completely clear.  I’m with Eon.Next too so I’ll see what happens, and I’ll report back here. 

Thanks again! 🙏🏻

PennineAcute

My SC stayed the same and my UP was reduced.

grn99

My fixed tariff figures using the "standard household consumption model" comes in at over £400 higher than the EPG. If they don't alter the SC after all, that's not a problem as they can then only match the standard cost through unit pricing reductions. That's fine, as you get a lower charge for every unit of consumption as opposed to a once daily reduction of the standing charge only to suffer a higher kWh unit charge as there's not a day when some energy use will occur, that is equal to or exceeds the SC figure.

diystarter7

My understanding is that the  misleading 'cap' on fuel prices is  "2500"
To be clear, the 'cap' is not a 'cap' on the max any householder pay but the AVERAGE per household

CAP of 2500  can be slightly differing unit prices per unit of gas and electric along with the standing charge but should equate to the average of 2500.

I started a thread re feeling stupid and though the  'cap' was the previous cap of 1900 as Truss banged so much about saving British billpayers

The country is going down the pan aided and abetted by  a completely out-of-her-depth Liz Truss aka as The Destroyer.

[Deleted User]

To be clear, your explanation is incorrect - but that’s understandable.

Ignoring the politics, as that isn’t the point of this forum, the cap is not “an average per household” but rather “the average regional cap on a typical household who pays by direct debit” - these are slightly (but importantly) different things.

There are different caps in every region and for every payment type, that’s why things vary. It’s not that they are ‘allowed’ to vary as long as they hit an average.

Ultrasonic

diystarter7 said:

My understanding is that the  misleading 'cap' on fuel prices is  "2500"
To be clear, the 'cap' is not a 'cap' on the max any householder pay but the AVERAGE per household...

For what it's worth the distinction you're referring to was understood by me and others above but the confusion referred to remains.