Energy price cap will rise by 0.2% from January

Chrysalis

I think at the very least Ofgem need to separate these announces to standing (zero usage) charge will raise/drop by XX %, Consumption charges will rise/drop by XX %.  The current announcements are near meaningless as its just dumbed down stuff.

Exodi posted it above, its not hard for Ofgem to do that.

We also have to remember since the word tantrums has been brought up is we in this position now due to decades of higher rate tax payers having tantrums obsessed with "the cost to the taxpayer" has led to where we are now, with the privatisation disaster and lack of sustained investment.  An example of this problem is policy costs are been put on standing charges for energy bills because governments are too frit to increase taxes to fund it from general taxation, thats the proper way policy costs should be funded.

Ildhund

chubsta said:

... a graphic of energy price costs over a 10 year period ...

Not quite ten years, but is this the sort of thing you're looking for? There's an astonishing amount of data at the Ofgem site if you have a look around ...
  


[All available charts | Ofgem]

Qyburn

Presumably that charges the headline dual fuel TDCV "Medium" consumption, which is a figure that's been reduced over the years. That results in the chart underestimating the actual price rise.

Ildhund

Qyburn said:

... the headline dual fuel TDCV "Medium" consumption, ... a figure that's been reduced over the years.

Only once in recent years, though, I think. The latest downward shift took effect in October 2023. The quarters before and after that one don't appear to show any startling change which could be attributed to the revised TDCVs.   

MattMattMattUK

Chrysalis said:

I think at the very least Ofgem need to separate these announces to standing (zero usage) charge will raise/drop by XX %, Consumption charges will rise/drop by XX %.  The current announcements are near meaningless as its just dumbed down stuff.

Exodi posted it above, its not hard for Ofgem to do that.

We also have to remember since the word tantrums has been brought up is we in this position now due to decades of higher rate tax payers having tantrums obsessed with "the cost to the taxpayer" has led to where we are now, with the privatisation disaster and lack of sustained investment.  An example of this problem is policy costs are been put on standing charges for energy bills because governments are too frit to increase taxes to fund it from general taxation, thats the proper way policy costs should be funded.

The problem in the UK is not higher rate taxpayers, or additional rate taxpayers. The top third of earners has the fifth highest effective rate of taxation in EU, the bottom two thirds have the lowest effective rate of taxation in EU. We have the largest tax free allowance of any major European nation (Monaco does not count). It is not higher rate taxpayers who are having tantrums, I am one and many of my compatriots, from sparkies to solicitors, from judges to small business owners think we should pay more tax, but we also think that should be part of everyone paying more tax rather than us just being bled by the government. We need a broad tax base that works for revenue, such as those which are successfully operated in many other European countries, rather than the failed US model. 

QrizB

MattMattMattUK said:

We have the largest tax free allowance of any major European nation (Monaco does not count).

That's rather a misleading statement, in my opinion.

Ireland for example doesn't have a tax-free allowance. Instead there are tax credits. A single person in a PAYE job receives €4000 a year in tax credits; with Ireland charging 20% on the first €44000 of income, that's equivalent to a €20000 (£17600 at current exchange rates) tax-free allowance.

Scot_39

Ildhund said:

chubsta said:

... a graphic of energy price costs over a 10 year period ...

Not quite ten years, but is this the sort of thing you're looking for? There's an astonishing amount of data at the Ofgem site if you have a look around ...
  


[All available charts | Ofgem]

Nice graph - and it ecxhos one of my main gripes - the massive rise in the policy costs in the last 18 months in particalar - and soon in 21 months when Jan cap comes in 50% increase.

But where is the equivalent for the electric only profile class 2 cap ?

You know the one that went up 3% in Oct and is about to go up another 4.3% in Jan - both higher rises than the 2% and 0.2% on dual fuel.

And the one impacting those who already pay disproportionately high rates per kWh of electric.

Like the media - the 15% - who I bet are disproportionately represented in those in energy poverty in UK - not being adequately served by our govt or our regulator.

Qyburn

Ildhund said:

Qyburn said:

... the headline dual fuel TDCV "Medium" consumption, ... a figure that's been reduced over the years.

Only once in recent years, though, I think. 

The most recent change was a reduction from 2,900 to 2,700, that must be what you refer to in 2023. But wasn't it 3,100 or similar not that long ago?

Qyburn

Just found it, change from 3,100 to 2,900 was made in 2020. 

https://www.ofgem.gov.uk/decision/decision-typical-domestic-consumption-values-2020

Ildhund

Yep, but again, a glance at the chart doesn't reveal any major change at that juncture (1 April 2020). Of course, any change is dwarfed by the combined COVID-Ukraine effects. There is a misleading feature of the X-axis; bars at the left-hand end are six months apart, but three months at the other end. It would have been less questionable to match the spacing to the calendar years.