Latest Price Cap Forecast

molerat

The big problem is that they are now only using the new TDCV of 2700 / 11500 which is distorting the figures.

**back of a fag packet calculation**, using my personal region cap which is slightly above the average due to higher SC.

The current cap is around £1935 at old 2900 / 12000.

Those new figures give around 

£2050 for Q1 & Q2

£2000 for Q3

£2040 for Q4

All up on the last prediction.

Q3/23 cap was £2085.

Comparing those numbers with the previous show new Nov Prediction v previous Oct Prediction using national average new 2700 / 11500 TDCV

Q1 £1923 v £1898

Q2 £1929 v £1820

Q3 £1880 v £1781

Q4 £1917 v £1825

Q3/23 £1976

Q4/23 £1834

MultiFuelBurner

molerat said:

The big problem is that they are now only using the new TDCV of 2700 / 11500 which is distorting the figures.

**back of a fag packet calculation**, using my personal region cap which is slightly above the average due to higher SC.

The current cap is around £1935 at old 2900 / 12000.

Those new figures give around 

£2050 for Q1 & Q2

£2000 for Q3

£2040 for Q4

All up on the last prediction.

Q3/23 cap was £2085.

Comparing those numbers with the previous show new Nov Prediction v previous Oct Prediction using national average new 2700 / 11500 TDCV

Q1 £1923 v £1898

Q2 £1929 v £1820

Q3 £1880 v £1781

Q4 £1917 v £1825

Q3/23 £1976

Q4/23 £1834

That's a good point I keep on forgetting they have lowered the average use for the average household.

molerat

Is this the reason for the CI predicted SC increase ?

https://www.thisismoney.co.uk/money/markets/article-12622153/Energy-bills-rise-Ofgem-mulls-one-price-cap-adjustment.html