MSE News: Energy Price Cap to FALL 12.3% on 1 April AND prepay becomes the cheapest way to pay.

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lohr500 said:

Typically how long does it take for the energy suppliers to publish the new rates? We are with EDF and I am keen to see what will happen to the Economy 7 and Eco20:20 tariff rates.

Can't speak for any other suppliers, but it normally take EDF about 2-3 weeks 

Novice_investor101

Ballymoney said:

giraffe69 said:

Well, those who don't pay their bills aren't contributing equally. Those who pay their bills regularly are the ones hit for this.

Correct. For anyone wondering why the price cap hasn’t fallen further, the reason is to recover the debt left by those who are refusing/unable to pay for their energy.

I can barely afford to pay for my own, but I’ve been paying it. I resent paying for others when they haven’t. I’m already a very low energy user, I can’t reduce my usage by much more & still live a civilised life, yet my bills will be higher over Spring & Summer because I’ll be paying £30 a month in standing charges. I use 1 unit of gas all summer. £1 a day in standing charge before anything has even sucked any power from the grid. The pips are starting to squeak.

TMSG

Novice_investor101 said:

I can barely afford to pay for my own, but I’ve been paying it. I resent paying for others when they haven’t. I’m already a very low energy user, I can’t reduce my usage by much more & still live a civilised life, yet my bills will be higher over Spring & Summer because I’ll be paying £30 a month in standing charges. I use 1 unit of gas all summer. £1 a day in standing charge before anything has even sucked any power from the grid. The pips are starting to squeak.

It would be interesting to get an idea for how many people this "reduction" is in fact an increase. It is definitely for me (Southern) as my s/c increase more than trumps the unit rate decrease (I am a low user). It's just £15 or so per year and I can afford it but it's certainly not a "reduction". (Well, these days words often don't mean what they used to mean.)
We're now paying for Ofgem being asleep at the wheel before and during the last two years. Apparently Ofwat is going down the same route and sooner or later we'll see something similar for water.

rhcp

Just done a rough calculation based on Martin's figures and mine has gone down less than 1%.  Disgusting really.

GingerTim

Making the most of the last seven months of my fix with an electricity standing charge of 24p/day. 🥲

Novice_investor101

TMSG said:

Novice_investor101 said:

I can barely afford to pay for my own, but I’ve been paying it. I resent paying for others when they haven’t. I’m already a very low energy user, I can’t reduce my usage by much more & still live a civilised life, yet my bills will be higher over Spring & Summer because I’ll be paying £30 a month in standing charges. I use 1 unit of gas all summer. £1 a day in standing charge before anything has even sucked any power from the grid. The pips are starting to squeak.

It would be interesting to get an idea for how many people this "reduction" is in fact an increase. It is definitely for me (Southern) as my s/c increase more than trumps the unit rate decrease (I am a low user). It's just £15 or so per year and I can afford it but it's certainly not a "reduction". (Well, these days words often don't mean what they used to mean.)
We're now paying for Ofgem being asleep at the wheel before and during the last two years. Apparently Ofwat is going down the same route and sooner or later we'll see something similar for water.

It’s an increase of £5 a month just for the standing charges for me, £60 a year. As I only use gas in the winter months & half the amount of electricity in summer there’s no reduction for me. 

I’m a single income household who gets none of the government support payments but continually finding myself footing part of the bill for those who don’t pay. Debts should be enforced, not passed off to others.  

TMSG

GingerTim said:

Making the most of the last seven months of my fix with an electricity standing charge of 24p/day. 🥲

You could use the time and get yourself ready with a small army of hamsters and their appropriately sized wheels with attached small generators
SCNR.

peter3hg

Just to reiterate that the debt element has gone on the unit price NOT the standing charge. Therefore low users will be paying a much smaller amount than the headline £30.
The increase in standing charges in most regions is mostly down to increases in distribution network costs.

MattMattMattUK

TMSG said:

Novice_investor101 said:

I can barely afford to pay for my own, but I’ve been paying it. I resent paying for others when they haven’t. I’m already a very low energy user, I can’t reduce my usage by much more & still live a civilised life, yet my bills will be higher over Spring & Summer because I’ll be paying £30 a month in standing charges. I use 1 unit of gas all summer. £1 a day in standing charge before anything has even sucked any power from the grid. The pips are starting to squeak.

It would be interesting to get an idea for how many people this "reduction" is in fact an increase. It is definitely for me (Southern) as my s/c increase more than trumps the unit rate decrease (I am a low user). It's just £15 or so per year and I can afford it but it's certainly not a "reduction". (Well, these days words often don't mean what they used to mean.)
We're now paying for Ofgem being asleep at the wheel before and during the last two years. Apparently Ofwat is going down the same route and sooner or later we'll see something similar for water.

Using the average figures for electricity anyone who uses less than 1.638 kWh a day/49.82kWh a month will be worse off, it does vary by region though. I cannot find any reliable data breaking down usage in a granular enough way to find out exactly how many households use that little, but extrapolating between various sources it looks like around 25k and 100k grid connected households in the UK and they would be those with solar and batteries (both, solar on it'sown is not enough), there will be a handful of others without. So whilst the amount of reduction will vary I would expect that nearly everyone without a large solar and battery installation will be saving money and those people will likely experience a net gain due to the seasonal increase in generation from their solar panels.

MikeJXE

MattMattMattUK said:

Using the average figures for electricity anyone who uses less than 1.638 kWh a day/49.82kWh a month will be worse off, it does vary by region though. I cannot find any reliable data breaking down usage in a granular enough way to find out exactly how many households use that little, but extrapolating between various sources it looks like around 25k and 100k grid connected households in the UK and they would be those with solar and batteries (both, solar on it'sown is not enough), there will be a handful of others without. So whilst the amount of reduction will vary I would expect that nearly everyone without a large solar and battery installation will be saving money and those people will likely experience a net gain due to the seasonal increase in generation from their solar panels.

There's only 4 left for your first handful, I don't have solar or batteries and only use 10/11kWh per week all seasons