Energy prices going up from 1st January 30 January at 7:55AM in Energy 40 replies 1.1K views

PaulDesmond

Hi. My energy provder has told me on Saturday 28TH (when I sent in my latest readings), that they could not issue me with a bill as - - -

Quote: "Please note, the readings you submitted on the 28th January 2023 have not been billed to because there was a price change on the 1st January 2023. "

Now this is a variable tariff obviously. But if there is a price rise it still has to be in line with the capped Price of £2,500. My current tariff with Sainsburys energy when calculated against the average household usage of 2,900kwh Electric and Gas 12,000kwh.comes to £2,495.20. So any price hike has to stay within the parameters of the capped price for the fixed average usage.

GingerTim

Remember that there is no actual total 'cap' of £2500, and that the cap is on the unit prices - if you use more you will pay more than £2500, if you use less then you will pay less.

frugalmacdugal

Hi,

why use the average  household usage figures, use your own over the last year for a truer figure.

PaulDesmond

Both questions answered her.

1) Remember that there is no actual total 'cap' of £2500, and that the cap is on the unit prices - if you use more you will pay more than £2500, if you use less then you will pay less.

2) Why use the average  household usage figures, use your own over the last year for a truer figure.

1) I know if you use more you pay more but the regulations stipulate that for an average usage [shown above[ you should not pay more than £2,500. please explain what the £2,500 figure is BASED ON.

2) When told that the price was going to change, I took out my trusty excel spread sheet to see if the unit prices where within the capped price, not that I was sugesting that I only use the average and am expecting an average bill.

rjmachin

Are you on a Economy 7 tariff or do you Pay on receipt of bill or on a Prepayment meter?

If so, Ofcom have allowed energy providers to adjust the price slightly.  See here:
https://www.moneysavingexpert.com/news/2022/11/government-confirms-energy-bill-discount-for-january--with-bills/

PaulDesmond

I am not on Economy seven. I don't even have a smart meter. I go outside, read the meters and type them into there website.

t0rt0ise

Some regions pay slightly more than the £2,500 said by the government. It's not exact, never has been.

badger09

PaulDesmond said:

Hi. My energy provder has told me on Saturday 28TH (when I sent in my latest readings), that they could not issue me with a bill as - - -

Quote: "Please note, the readings you submitted on the 28th January 2023 have not been billed to because there was a price change on the 1st January 2023. "

Now this is a variable tariff obviously. But if there is a price rise it still has to be in line with the capped Price of £2,500. My current tariff with Sainsburys energy when calculated against the average household usage of 2,900kwh Electric and Gas 12,000kwh.comes to £2,495.20. So any price hike has to stay within the parameters of the capped price for the fixed average usage.

Please try to forget that figure of £2500. 

There was indeed a price rise in 1st Jan for those not on a fixed deal. 

However, the gov subsidy also increased, effectively cancelling out the increase. 

My supplier Octopus showed 2 separate unit rates for each fuel
Eg Electricity
to 31/12 £0.5127 - EPG £0.17 = £0.3427
1/1-4/1 £0.6611 - EPG £0.3184 = £0.3427
so the actual charge over the whole period was the same £0.3427
Perhaps your supplier hasn’t worked out how to display your bill yet😏

Dolor

I think that the OP was trying to demonstrate that for the tariff that he was on then, based on the Ofgem assumed consumption, his yearly cost would be c.£2500: hence, the tariff rise MIGHT be in breach. I think that posters may be misreading the point that the OP is trying to make.

pochase

The price changes for users on single rate electricity and gas paying by direct debit were almost non existent. They were very small adjustments.

Price changes were mainly for E7, bringing them in line with single rate prices and some adjustments for pay on receipt of bill.

Even if the total change for you over the year is only a pound, it is still a price change. Strange that 4 weeks after this change they have not done the adjustments to their systems.

PaulDesmond

Well then. We all heard on national TV that the price was to be capped at £2,500 per year (based on an average usage), I don't remember them saying if you lived in a different part of the country then you could pay more.

I knew that Economy 7 were treated differently but I did not know that they could increase the prices during the capped price period. If what your suggesting is that some regions can pay more than the £2,500 for an average usage and they can make an increase on non economy 7, my calculations are that with the new figures supplied, My calculator comes to £2,556. This is above the capped price for an average usage but as you say, some regions can pay more than the capped price for an average usage.

Maybe the politicians and broadcasters should be more accurate in there statements.