Gas Prices

confusedoldie

We were told by Martin Lewis the Gas Price would be around 7.51p per kWh but my provider says that is a wholesale price. Is this correct.

[Deleted User]

confusedoldie said:

We were told by Martin Lewis the Gas Price would be around 7.51p per kWh but my provider says that is a wholesale price. Is this correct.

The Octopus Flexible gas price for my supply region is 7.42p/kWh. What are you being charged?

CSI_Yorkshire

Context and details needed.

About 7.51p would be right for a domestic standard variable tariff from the non-exempt suppliers.

For any other context, the 7.51p can be ignored.

Robin9

My EDF West Midlands 7.431p per kWh

victor2

Octopus Flexible here is 7.03p/kWh, plus 5% VAT.

QrizB

confusedoldie said:

We were told by Martin Lewis the Gas Price would be around 7.51p per kWh but my provider says that is a wholesale price. Is this correct.

The short answer is no, that is not correct. The current month-ahead wholesale price of gas is about 70p a therm, 2.5p per kWh.

https://tradingeconomics.com/commodity/uk-natural-gas

Why do you ask?

confusedoldie

Thank you for the reply.  I live in an independent  retirement home.  The gas is supplied to all the apartments and we get individual bills from the Management Services for what we have used.  They charge a lot more than Martin Lewis says, but they have said Martins is wholesale price.  I cannot get my Gas from anywhere else.  I pay my own electricity.

[Deleted User]

confusedoldie said:

Thank you for the reply.  I live in an independent  retirement home.  The gas is supplied to all the apartments and we get individual bills from the Management Services for what we have used.  They charge a lot more than Martin Lewis says, but they have said Martins is wholesale price.  I cannot get my Gas from anywhere else.  I pay my own electricity.

I think that you will find that they are on a business energy contract which can be a lot higher than domestic tariffs. They are not allowed to charge you more for the energy than they are paying for it.

https://www.citizensadvice.org.uk/cymraeg/Defnyddwyr/energy/energy-supply/problems-with-your-energy-supply/what-your-landlord-can-charge-for-energy/#:~:text=Your%20landlord%20must%20pass%20on,you%27ve%20used%20for%20electricity

CSI_Yorkshire

confusedoldie said:

Thank you for the reply.  I live in an independent  retirement home.  The gas is supplied to all the apartments and we get individual bills from the Management Services for what we have used.  They charge a lot more than Martin Lewis says, but they have said Martins is wholesale price.  I cannot get my Gas from anywhere else.  I pay my own electricity.

What they mean is that "Martin's" is domestic retail price.  If you don't have a domestic retail tariff, which you almost certainly do not, then you don't pay the domestic retail price.

QrizB

confusedoldie said:

Thank you for the reply.  I live in an independent  retirement home.  The gas is supplied to all the apartments and we get individual bills from the Management Services for what we have used.  They charge a lot more than Martin Lewis says

Can you tell us how much you currently pay?

armistice

Today 3.78p octopus tracker.