Energy price cap from July 2023 (merged) 25 May at 6:22AM edited 25 May at 9:14AM in Energy 84 replies 7K views

Dandytf

Is this the new Cap which could potentially lead to return of Fixed Rates.
Hopefully...

GingerTim

Here you go (regional variations, of course): https://www.ofgem.gov.uk/energy-price-cap-explained

Dandytf

GingerTim said:

Here you go (regional variations, of course): https://www.ofgem.gov.uk/energy-price-cap-explained

Excellent thanks, SP 2yr Fix finishes....31/05/23 days to go.

wrf12345

All the focus seems to be on reducing gas - in the summer - rather than electric, terribly high standing charges have not been addressed, usual incompetence and rip-off pricing...

t0rt0ise

For anyone who wants to work out their own area.. https://www.ofgem.gov.uk/sites/default/files/2023-05/Default%20tariff%20cap%20level%20-%201%20July%202023%20-%2030%20September%202023.pdf

MouldyOldDough

Why don't they tell us the maximum rate per kWh rather than this meaningless "average household annual rate"? 

PeterGr

Allow for slight variations due to rounding, my calculations from the Ofgem model of the price cap for July - September are -

Price_Cap_Data - Gas & Electricty Rates, including VAT
Payment by Other (DD)
July 2023 - September 2023			Implied max. Rates
Region	G-SC p/day	G-p/kWh	E-SC p/day	E-p/kWh
North West	29.11	7.513	51.42	29.936
Northern	29.11	7.430	57.03	29.287
Yorkshire	29.11	7.439	55.60	29.263
Northern Scotland	29.11	7.463	58.98	29.969
Southern	29.11	7.607	49.60	30.295
Southern Scotland	29.11	7.463	61.67	29.667
N Wales and Mersey	29.11	7.544	61.82	31.096
London	29.11	7.511	38.18	31.191
South East	29.11	7.538	47.21	30.899
Eastern	29.11	7.399	43.66	30.720
East Midlands	29.11	7.379	50.31	29.482
Midlands	29.11	7.432	53.96	29.608
Southern Western	29.11	7.713	58.28	29.948
South Wales	29.11	7.664	53.83	30.223
Average Cap	29.11	7.507	52.97	30.113

tetrarch

This seems very uneven. Why is gas going down by ~20%, but electricity only ~10% ?

Not exactly in line with the Governments green agenda and encouraging moves AWAY from fossil fuels - and presumably toward electricity

Regards

Tet

PS This has absolutely nothing to do with the fact that I have no mains gas, no Sir, not me 

mmmmikey

bristolleedsfan said:

Above gas rates at very least must be + VAT

Those are the rates including VAT - i.e. what you'll actually pay

Xbigman

Those prices would give a cap of 2129.30. Could they have been rounded up to whole pennies?



Darren

Mstty

Xbigman said:

Those prices would give a cap of 2129.30. Could they have been rounded up to whole pennies?



Darren

Are you using 12000/2900 or 12000/3100