Should i lock into a fixed deal before today's announcement?

CanNeverThinkOfAUsername

Just watching BBCNews, and looks like the EPG is changing possibly from April 2023, sigh. This government is just none stop drama. Sooner we get rid of the tories the better!

Mstty

interesting but not unexpected 

Ant555

CanNeverThinkOfAUsername said:

Killing it off now is political suicide!

Its almost as if Liz Truss said to Jeremy Hunt,
"Jez, Please will you become the Chancellor for a few days and do whatever you need to do to get me out of this flipping job!, I will vote for you as next leader if you do this for me, Thanks, LT"

Swipe

Great, just in time for when my 2 year fix ends

The_Green_Hornet

CanNeverThinkOfAUsername said:

Just watching BBCNews, and looks like the EPG is changing possibly from April 2023, sigh. This government is just none stop drama. Sooner we get rid of the tories the better!

And then we will get another kind of drama.

The quality of the current crop of politicians in the UK is the worst for many a generation.

Astria

I don't know why they couldn't just say that energy usage for a typical household, say 12000 kWh is capped, and anything over that is at the current market rate. So the typical household would still have an annual bill of £2500 and people would be more inclined to keep a check on there actual usage if the cost doubles afterwards!

Ally_E.

Astria said:

I don't know why they couldn't just say that energy usage for a typical household, say 12000 kWh is capped, and anything over that is at the current market rate. So the typical household would still have an annual bill of £2500 and people would be more inclined to keep a check on there actual usage if the cost doubles afterwards!

it's not typical household, it's average usage between families in 3 bed houses+ and singletons in studios and 1 bed flats

Ultrasonic

Ally_E. said:

Astria said:

I don't know why they couldn't just say that energy usage for a typical household, say 12000 kWh is capped, and anything over that is at the current market rate. So the typical household would still have an annual bill of £2500 and people would be more inclined to keep a check on there actual usage if the cost doubles afterwards!

it's not typical household, it's average usage between families in 3 bed houses+ and singletons in studios and 1 bed flats

No, it's a 'typical household' in the sense of being approximately the median usage of all households (with data from extremely low use cases ignored, with the intention of ignoring empty properties I believe).

Ally_E.

Ultrasonic said:

Ally_E. said:

Astria said:

I don't know why they couldn't just say that energy usage for a typical household, say 12000 kWh is capped, and anything over that is at the current market rate. So the typical household would still have an annual bill of £2500 and people would be more inclined to keep a check on there actual usage if the cost doubles afterwards!

it's not typical household, it's average usage between families in 3 bed houses+ and singletons in studios and 1 bed flats

No, it's a 'typical household' in the sense of being approximately the median usage of all households (with data from extremely low use cases ignored, with the intention of ignoring empty properties I believe).

I don't how you can call a single person living in 1 bed flat a typical household, or a 5 family member one. Typical household is a 3 bed house with 2.5 people living it and according to Ofgem's archetypes, they will be using more than 12,000kW of gas per year. So the median does include low users, just disregards the lowest and highest 5% like is often done is such calculations. Ignoring just the empty properties, but counting singles is not exactly a representation of typical household.

[Deleted User]

Ally_E. said:

Ultrasonic said:

Ally_E. said:

Astria said:

I don't know why they couldn't just say that energy usage for a typical household, say 12000 kWh is capped, and anything over that is at the current market rate. So the typical household would still have an annual bill of £2500 and people would be more inclined to keep a check on there actual usage if the cost doubles afterwards!

it's not typical household, it's average usage between families in 3 bed houses+ and singletons in studios and 1 bed flats

No, it's a 'typical household' in the sense of being approximately the median usage of all households (with data from extremely low use cases ignored, with the intention of ignoring empty properties I believe).

I don't how you can call a single person living in 1 bed flat a typical household, or a 5 family member one. Typical household is a 3 bed house with 2.5 people living it and according to Ofgem's archetypes, they will be using more than 12,000kW of gas per year. So the median does include low users, just disregards the lowest and highest 5% like is often done is such calculations. Ignoring just the empty properties, but counting singles is not exactly a representation of typical household.

No, the median doesn't disregard the lowest and highest 5%.  It is very simply lining up everyone in order from least to most usage and taking the person in the middle of the line.  Excluding empty houses is sensible in that approach.  The word 'typical' comes directly from the OFGEM label for that median calculation - Typical Domestic Consumption Values.

The archetypes are simply a set of different households that could be used to determine the range of impacts of policy options.  They were dropped at the end of that research study and there has been no suggestion that they will be revived.  Nobody every attempted to say that one of that set was 'typical'.  Why did you decide 'typical' is 2.5 people and 3 bed?  Who did you decide to include and exclude to get to that figure?  You appear to be advocating against including singles at least!