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Wholesale energy down up to 85%; Retail energy down 10-15%?

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  • Scot_39
    Scot_39 Posts: 4,581 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Phossy said:

    Regarging your unsubstantiated claim that "Retail energy down 10-15%?", the October 2022 Ofgem price cap for electricity was ~46p/kWh. The October 2023 price is ~27p/kWh. That's a fall of 41%.
    And for gas, October 2022 was ~14.8p/kWh while Octobr 2023 is ~6.9p/kWh. That's a fall of 53%.

    For what it is worth, this is the evolution of my Dual Fuel tariffs since the 2021. I haven't seen the huge drop reported here, but then again I didn't see prices at the high levels quoted in the first place. 



    Add in the upto 33.4 and 6.7p EPG discounts for OCt-Dec, Jan-Mar (the figures quoted) and Apr-Jun pricing.

    Then do the maths again.


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