When calculating the price cap for the last quarter of 2022, Ofgem used the forecast for CfD income that LCCC made in June, when setting the parameters for the CfD in that quarter. At that time we forecast an income of £730m for the quarter. That has translated into a reduction in the price cap of £23 for the typical bill payer –
Sure, but £23 off a £1k+ electricity bill (avg use) isn’t cutting it.
My method saves 43% off that !