currently its at 2.5k.....April its rising to 3k, then in June/July it supposed to drop to 2.2k. But lets see what happens.5.95p/kWh today on Octopus gas tracker, getting close to half price.
Be interesting to see what happens to the price cap later in the year as wholesale prices seem to be dropping.
Cap is meant to be the max. Not the actual price.currently its at 2.5k.....April its rising to 3k, then in June/July it supposed to drop to 2.2k. But lets see what happens.
Martin Lewis has written to the gov to scrap the april rise, as its no longer needed and will push more people into fuel poverty
cap is the average cost...not the max costCap is meant to be the max. Not the actual price.
It literally is the maximum and supplier can charge. The lack of competition and the fact the costs were higher than the cap meant that all suppliers charged the cap !cap is the average cost...not the max cost
5.95p/kWh today on Octopus gas tracker, getting close to half price.
Be interesting to see what happens to the price cap later in the year as wholesale prices seem to be dropping.
i didnt state unit cost, i stated average bill cost.......yes the unit cost is the max, barring regional changesIt literally is the maximum and supplier can charge. The lack of competition and the fact the costs were higher than the cap meant that all suppliers charged the cap !
The ‘average cost’ is the average consumption versus the unit cost.
This cap has been in place years ( didn’t labour bring it in ?)to protect people who never changed suppliers and just sat on the going rate. It’s nothing new in recent times
The Cap is the max cost that can be charged per unitcap is the average cost...not the max cost
The Cap impact cost to customers, is often quoted using average use datai didnt state unit cost, i stated average bill cost.......yes the unit cost is the max, barring regional changes
Average bill is just average consumption. So that’s fixed and the unit cost is what drives it.i didnt state unit cost, i stated average bill cost.......yes the unit cost is the max, barring regional changes
Based on the cap the average bill rise as gone from £1225 to £2500....will rise to £3k and then back down to £2.2k
Unit cost will be around 33p ( current) 45p ( april) and then around 26p in June/July......
Average bill is just average consumption. So that’s fixed and the unit cost is what drives it.
Learn how to use an ellipsis properly too.
No full stop? Disappointing.They are very frustrating to read and if I understand them as you have used they infer something, that is you not bothering finishing your sentences
Well people can always make their own nuclear power stations ?![]()
EDF's UK profits soar after electricity price hikes
But the French energy firm made huge losses as a whole due to problems with its nuclear reactors.www.bbc.co.uk
EDF UK profit soared to £1.12bn in 2022.
EDF UK has 5.22 million customers, that worked out £214 per customer.
Well people can always make their own nuclear power stations ?
Yeah simples.
Problem is you can't buy the fuel and when you start enquiries for centrifuges you attract some attention from GCHQ. No idea why.![]()
![]()
EDF's UK profits soar after electricity price hikes
But the French energy firm made huge losses as a whole due to problems with its nuclear reactors.www.bbc.co.uk
EDF UK profit soared to £1.12bn in 2022.
EDF UK has 5.22 million customers, that worked out £214 per customer.
EDF' UK consumer energy supplier lost more than £200m in the year.
EDF blamed the cost of buying energy for residential customers which was higher than the prices set under the energy price cap.