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Energy Cap

vincent64
vincent64 Posts: 23 Forumite
Part of the Furniture 10 Posts Combo Breaker
My energy company supplies 100% renewable energy. How can their tarrifs be influenced by the cap that is controlled by the wholesale price of gas and oil. 

Comments

  • Netexporter
    Netexporter Posts: 2,045 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 29 August at 10:58PM
    Most suppliers have to offer the SVT. They all charge the same as dictated by Ofgem. You don't have to take the tariff, you can choose another offering.

    Ironically, suppliers that actually sell renewables from their own sources, such as Ecotricity, don't have to offer the SVT but they are even more expensive.

    Other suppliers offset the fossil content of their mix with carbon credits and are allowed to call it 100% renewable.
  • Scot_39
    Scot_39 Posts: 3,686 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Read up on REGOs and other methods of greenwashing energy mix stats.

    This from a company with it's own axe to grind - but it might explain your confusion


  • Qyburn
    Qyburn Posts: 3,697 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    vincent64 said:
    My energy company supplies 100% renewable energy. How can their tarrifs be influenced by the cap that is controlled by the wholesale price of gas and oil. 
    So many suppliers make that claim, but all supply the same mix. For example right now 30% of your electricity come from burning gas, 14% from nuclear. 
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