OFGEM previous price cap rates

Powapa

Good morning,

I’m searching but can’t seem to find OFGEM’s previous price cap unit rates. My supplier has only just sent me my bills through from June 2023 and I’m trying to work out if they are correct. (I’m on the standard variable rate)

All I can seem to find on OFGEM’s website is “Energy price cap update” letters from the period I need but only showing “typical use” figures and not what the actual unit rate was per kWh for electric. 

I’d appreciate any help!

MattMattMattUK

Who is your supplier as rates varied slightly by supplier, although only fractions of pennies and what region are you in?

Powapa

Hi @MattMattMattUK my supplier is Tomato Energy and my region is North Wales and Mersey. 

MattMattMattUK

Powapa said:

Hi @MattMattMattUK my supplier is Tomato Energy and my region is North Wales and Mersey. 

Also I should have asked, the bill from June 2023, what period was the energy used over?

MattMattMattUK

Tomato Energy are an odd one with their weird tariffs doing things with generation and storage, hence this.

https://www.ofgem.gov.uk/publications/ofgem-opens-investigation-tomato-energy

https://www.ofgem.gov.uk/publications/investigation-tomato-energy-limited-formerly-logicor-energy-limited-and-its-compliance-its-obligations-under-slcs-4a-and-5-electricity-licence

QrizB

Powapa said:

I’m searching but can’t seem to find OFGEM’s previous price cap unit rates. My supplier has only just sent me my bills through from June 2023 and I’m trying to work out if they are correct. (I’m on the standard variable rate)

The info is available from Ofgem's website, but it takes a bit of ferreting out.

I would start here:

https://www.ofgem.gov.uk/master-publications-library

Then filter on "price cap" to make life a bit easier.

molerat

https://www.ofgem.gov.uk/energy-policy-and-regulation/policy-and-regulatory-programmes/energy-price-cap-default-tariff-policy/energy-price-cap-default-tariff-levels

Much of the documentation does not give straightforward unit price and daily charge, that is not how the price cap actually works, but a default cost for nil use (365 x daily charge) and a total cost for X kWh (which includes the annual standing charge).  It ain't rocket science to work it out, just remember the figures in the tables exclude 5% VAT

PeterGr

I've got the price cap rates for the last year if it helps - but as others have said, these will not be your suppliers tariff rates.

	Price_Cap_Data - Gas & Electricty Rates, including VAT
	Payment by Other (DD)
	Region		Gas	Gas	Electric	Electric
	N Wales and Mersey		SC	Unit rate	SC	Unit rate
			p/day	p/kWh	p/day	p/kWh
	April 2024 - June 2024		31.89	6.014	67.04	25.420
	January 2024 - March 2024		29.60	7.454	62.21	29.568
	October 2023 - December 2023		29.62	6.929	62.23	28.259
	July 2023 - September 2023		29.11	7.544	61.82	31.096
	April 2023 - June 2023		29.11	10.353	61.82	34.766

Dangerous57

My daily charge for electricity from EON Next has gone from 57p/day to 71p/day over 24%. Is this legitimate ? They state all sorts of reasons for this. To me it is just plane profit. 

born_again

Dangerous57 said:

My daily charge for electricity from EON Next has gone from 57p/day to 71p/day over 24%. Is this legitimate ? They state all sorts of reasons for this. To me it is just plane profit. 

Well people will be "Flying" 🤣in the wind, unless you say with tariff you are on. As cap only relates to variable tariff's & depends on area you live in.

GingerTim

Dangerous57 said:

My daily charge for electricity from EON Next has gone from 57p/day to 71p/day over 24%. Is this legitimate ? They state all sorts of reasons for this. To me it is just plane profit. 

Here's how the standing charge is broken down, according to OFGEM (as of July 2023): https://blog.moneysavingexpert.com/2023/07/martin-lewis--why-are-energy-standing-charges-so-high--what-can-/