Reduction to existing fix rates from April - will there be a cut off date for signing up?

Scot_39

https://forums.moneysavingexpert.com/discussion/comment/81874061#Comment_81874061

diff to 3.54 p - as MSE article - ftom your 3.37p vat 5% ? Or are annex rated inc of vat ?

https://www.moneysavingexpert.com/news/2025/11/energy-bill-cut-renewables-eco-martin-lewis/

Some further random and at best tenuous / unfounded speculation.

Given recent far bigger govt interventions to bills via EPG.

There were lots of issues around how forinstance the epg discounts were applied around even basic e7. Equally or ratger not initially to both rates. Again ML was one arguing for a change, that I have seen some posts mention as a cause of their rate issues later on.

But if - and its still at best a tenuous IF - as both govt driven changes - the system followed the Apr revisions to EPG system - then again for regulated like e7 - it could be both the say more typical c15p night and c32p day rate.

https://www.moneysavingexpert.com/news/2023/03/government-changes-how-the-epg-should-be-applied-to-economy-7-ta/

But when get down to those already offering more aggressive off peak rates like some were offering sub 10p on e7 night last year - or others like MWT and the IOG 7p EV rate - is their likely to be a floor price.

[As above I suspect there is a lot of unkonowns - work going on in Ofgem and suppliers to thrash this out - govt soundbites and if cynical suspiciously timed - are one thing - making it work another - it took 6 m under EPG capped caps for the rules to be changed after the Jan e7 rises.]

Just one hypothetical question that I could imagine might spring up to favour a floor price - is any govt view as to if such a cheap electric rate "green" - could it harm net zero goals ? Would say 3.5p ev rates or 5.5p snug rates etc etc just encourage consumption and increase demand / emissions ?

[And again gain as per epg case - again caution my tenuous at best link - not everyone on already cheap fixes got the full discounts. There was a floor price they like those on svt discounted to. A different scenario but a sign that a floor price could again be a thing.]

Scot_39

of course the clear argument against the existense of any such floor prices is the agile example.

And its already at times negative rates.

As clear as mud.

so ill just wait for Ofgem on likes of e7 -and then wait to see how EOn treat their e10 users - if different

tfhnota

The TOU tariffs, they can just take the £150 off the s/c, already extraordinary high on Agile, and the simplest way to enact it.

Scot_39

Ofgem costings as above are £/MWh for both schemes.

Even tge govt produced two figures - average £154 and the £20 lower - using mord standard Ofgem median duel fuel tdcv saving - £134

Low use adds less to costs now, so saves less when they are moved temporarily / replaced by other schemes -both for now - if happens - funded by general taxation.

Ildhund

@Scot_39 wrote:

diff to 3.54 p - as MSE article - ftom your 3.37p vat 5% ? Or are annex rated inc of vat ?

https://www.moneysavingexpert.com/news/2025/11/energy-bill-cut-renewables-eco-martin-lewis/

Thanks for pointing to that article, which I skimmed back when it was published and promptly forgot about. No, there's no VAT anywhere in the data underlying Ofgem's calculations. The Annex 4 figures I quoted will have been published at the same time, so it's not surprising that the numbers in the article are - at first glance - the same as the ones I posted yesterday ("For each electricity customer, … 3.3710p/kWh off the bill. For gas customers, … 0.3150p/kWh off the bill." Annex 4 will perhaps look different after 25 February.

The author may have been sticking her neck out a bit far by writing "The reduction will largely be seen on electricity bills, with unit rates being reduced …". 

Scot_39

"The author may have been sticking her neck out a bit far by writing "The reduction will largely be seen on electricity bills, with unit rates being reduced …". "

Ive just taken that gas vs electric split on a simple use of the median TDCVs - if multiply the two out - on duel fuel cap thats £95.56 at 2700 kWh - and £38.03 on gas 11500 - if I typed them into calculator correctly - ignoring all recent history of govt policy driven price increases on electric.

And not that anyone seems to bother with it in the media these days - £138.04 - at the Profile Class 2 median TDCV of 3900 kWh - for all electric users on old multirate tariffs like the millions on E7/E10 etc.

And so if does happen - that at least takes the edge out of the recent - last 2 caps £84 / 7.4% rise in the cap in just 3 months - despite cheaper gas - that I would have hoped fed into gas generation prices.

But then much depends on as above the baseline you take for the electric - and the impact of the recent and then watch even that £95.56 figure evaporate with the forecast rises of £108 - which were predicted just days after the budget by Ofgem.

With two caveats.

Many of us who are both tax payers and bill payers are likely in the end going to pay regardless.

And of course the sting in the tail that could turn into a political hot item - the medium term kicker in all of this - as the MSE Article itself also reminds us - that the current plan - come 2029 - is for the 75% of RO to go back onto bills - so c£70.31 of the £95.56 - electricity bills. And if happens as a step (maybe 3m ahead of next GE) I'd wager not many will see our tax bills drop by £70 - direct or indirect - to make that painless.