I wonder if I can persaude Octopus to give me the previous fixed rate considering I've struggled to get hold of them...
... an issue with them over estimating me by 3 times on a smart meter and missing billing for Nov and Dec
they still don't update my estimated annual usage so thier quotes are wrong and I had to battle them on this last year to the extent that my payments have been reduced to £10 pm due to the credit I had.
I have searched for how you find out what region you are in, but may possibly be looking in the wrong place.Is there a link where you can put in your postcode and it tells you what region you are in?Also, is there a simple explanation of why the price varies by region?
I have searched for how you find out what region you are in, but may possibly be looking in the wrong place.
In brief:New cap, new explainer. Most of it the same as the last one, TBH.Here is how it works:Ofgem publish a set of tables here showing maximum annual costs for the standing chage (SC) and for typical users. There are different tables depending on how you pay and whether you have single-rate or multi-rate electricity (eg. E7).The tables for a dual-fuel, single-rate customer are based on 3100 kWh/yr elec and 12000 kWh/yr gasIf you divide the SC cap by 365 you get the daily SC capIf you subtract the annual SC cap from the 3100 kWh/yr electric cap, then divide by 3100, you get the kWh priceDitto for the 12000 kWh gas cap.In practice there's a little bit of flexibility as suppliers can charge less SC and then bump their kWh rates up proportionately. The hard cap on electric kWh is the cap/3100, and for gas kWh the cap/12000.Ofgem's published figures don't include VAT so add 5% to whatever you calculate (assuming a residential property).Here is my own calculation of how the rates work out for each region, including VAT in the final steps:
...could cost £10,000s more
Last week's energy Q&A with MSE experts
Normally £250. Excl Northern Ireland