E10 and Govt £2500 Energy Price Guarantee

Scot_39

Currently with EOnNext on their Standard SC E10 plan

Had a summary of new charges letter by email last week - all seemed normal - better than expected.

Got my first bill - and had a shock - the estimated annual usage - was 60% higher - than last weeks summary letter.

Reading later in the charging section - this is because doing it as a discount of 17p - to the revised level of day night units - guessing based actually on Ofgem old 52p cap calculations ?

So unit rates c43p/c20p/kWh day/night after discount - c60p/37p before.

Given past years high ratio night to day - the discounted rates currently works out less than the EPG - as it currently stands.

The gov uk energy bills support factsheet has a section I think covering this on "variable tariffs not subject to the price cap" - which states

"If originally priced at a higher level than Ofgem’s price cap, then the resulting unit rates will be above the standard variable EPG unit rates."

The big question I have - and maybe being silly - is

Are these discounted rates now fixed for the full 2 years ?

(Or will I see rises again when Ofgem adjusts calculations for Jan, Apr,.... as read that they are stilll doing them - and only the discount is fixed ?)

[Deleted User]

We don’t know, but I don’t think that there are suddenly going to be massive additional discounts on already discounted bills, not do I think the price cap will suddenly shift upwards.

Make your own guess what the government might feel like doing at any point in the future.

And by the way, you don’t calculate based on your own usage to compare with the price cap, only to compare your likely cost on different tariffs.  The price cap is based on a fixed ratio of 58% day.

QrizB

Scot_39 said:

Are these discounted rates now fixed for the full 2 years ?

The government has only currently contracted with energy companies for the 17p discount until the end of December.

I expect any adjustment to take place when the next Ofgem cap calculations are announced. That is due in early December.

Scot_39

Deleted_User said:

We don’t know, but I don’t think that there are suddenly going to be massive additional discounts on already discounted bills, not do I think the price cap will suddenly shift upwards.

Make your own guess what the government might feel like doing at any point in the future.

And by the way, you don’t calculate based on your own usage to compare with the price cap, only to compare your likely cost on different tariffs.  The price cap is based on a fixed ratio of 58% day.

I saw that 58% day in another forum for E7 where OP provided rate figures - and it may have worked if his EPG c31p.

Did the maths for my uncapped E10 - it comes out c51p - and if subtract the 17p+VAT discount - it comes out at c33p.

Surprised - given my discounted E10 night nearly double his E7 night rate c20p vs c11p

So thanks for the info.

QrizB

Scot_39 said:

Deleted_User said:

We don’t know, but I don’t think that there are suddenly going to be massive additional discounts on already discounted bills, not do I think the price cap will suddenly shift upwards.

Make your own guess what the government might feel like doing at any point in the future.

And by the way, you don’t calculate based on your own usage to compare with the price cap, only to compare your likely cost on different tariffs.  The price cap is based on a fixed ratio of 58% day.

I saw that 58% day in another forum for E7 where OP provided rate figures - and it may have worked if his EPG c31p.

As mentioned in the other thread, E10 is unlikely to use 58/42 split. E10 gives more hours per day at the cheaper rate and so you'd expect the cheaper rate to get a higher weighting.

Based on the E10 rate actually offered by SSE, it could be more like 15/85.

Sadly I haven't been able to find an official statement of the splits used for multi-rate tariffs besides E7.

[Deleted User]

QrizB said:

Scot_39 said:

Deleted_User said:

We don’t know, but I don’t think that there are suddenly going to be massive additional discounts on already discounted bills, not do I think the price cap will suddenly shift upwards.

Make your own guess what the government might feel like doing at any point in the future.

And by the way, you don’t calculate based on your own usage to compare with the price cap, only to compare your likely cost on different tariffs.  The price cap is based on a fixed ratio of 58% day.

I saw that 58% day in another forum for E7 where OP provided rate figures - and it may have worked if his EPG c31p.

As mentioned in the other thread, E10 is unlikely to use 58/42 split. E10 gives more hours per day at the cheaper rate and so you'd expect the cheaper rate to get a higher weighting.

Based on the E10 rate actually offered by SSE, it could be more like 15/85.

Sadly I haven't been able to find an official statement of the splits used for multi-rate tariffs besides E7.

Can you get a deemed E10 tariff?

Perhaps that’s why we can’t find good information.

PZ19

I’m on E10 with EDF rates are 11.8p Night and Heat and 46.59p Day. SC 39.02ppd.  All incl 5% VAT.  Pre Oct 1 those rates were 16.26p, 35.35p and SC 38ppd.  If that helps