Soldato
It does, iirc gas is around 20p / kwh
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
It does, iirc gas is around 20p / kwh
100p / kWh for electricity and 30p / kWh for gas but the EPG kicks in when it goes over the standard price cap rates to give you a discount, so gas would be around 20p like you say (23.3p).
The Government’s Energy Price Guarantee (EPG) offers a 17.9p / kWh discount against your electricity unit rates, and a 6.7p / kWh discount against your gas unit rates.
Given the money for this discount comes from every UK home, it’s important we’re fair with how the EPG is applied.
The EPG discount will apply whenever Tracker unit rates go above the base EPG level (34p / kWh for electricity and 10.3p / kWh for gas; on average, but this does vary regionally).
For example, a unit rate of 80p / kWh is reduced to 62p / kWh. A gas unit rate of 20p / kWh is reduced to 13.3p / kWh.
The EPG is also applied after the maximum unit rate cap. This offers an additional saving for Tracker customers against high wholesale unit rates.
For example, an electricity unit rate of 120p / kWh is capped at 100p / kWh, then reduced to 82p / kWh. A gas unit rate of 35p / kWh is capped at 30p / kWh, then reduced to 23.3p / kWh.
However, the EPG won’t discount unit rates below the base level.
For example, an electricity rate of 38p / kWh would only be reduced to 34p / kWh (on average). A gas unit rate of 11p / kWh would only be reduced to 10.3p / kWh (on average).
However, however... if the unit rate is already below the base EPG level (34p / kWh), then you will pay the cheaper rates.
For example, an electricity unit rate of 30p / kWh means you only pay 30p / kWh.
Given the money for this discount comes from every UK home, it’s important we’re fair with how the EPG is applied.
The EPG discount will apply whenever Tracker unit rates go above the base EPG level (34p / kWh for electricity and 10.3p / kWh for gas; on average, but this does vary regionally).
For example, a unit rate of 80p / kWh is reduced to 62p / kWh. A gas unit rate of 20p / kWh is reduced to 13.3p / kWh.
The EPG is also applied after the maximum unit rate cap. This offers an additional saving for Tracker customers against high wholesale unit rates.
For example, an electricity unit rate of 120p / kWh is capped at 100p / kWh, then reduced to 82p / kWh. A gas unit rate of 35p / kWh is capped at 30p / kWh, then reduced to 23.3p / kWh.
However, the EPG won’t discount unit rates below the base level.
For example, an electricity rate of 38p / kWh would only be reduced to 34p / kWh (on average). A gas unit rate of 11p / kWh would only be reduced to 10.3p / kWh (on average).
However, however... if the unit rate is already below the base EPG level (34p / kWh), then you will pay the cheaper rates.
For example, an electricity unit rate of 30p / kWh means you only pay 30p / kWh.
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Soldato
There is a cap on the tracker.
yes we know ... but the question is what is the sense/fairness to tax payers purse in both subsidising the price when it is high and at other times permitting agile customers(say) cheaper energy than majority on svr/epg -
Haven't looked to see how this was managed in europe - maybe they have a sane government.
Soldato
lol - you get tax payer subsidy in go faster if the energy price exceeds the cap, but conversely unlike fixed svr/epg tarifs, you receive energy at off peak times more cheaply than the same energy being provided to those svr/epg customers, whose excess payment offsets that subsidy ...
it is not complex really.
Soldato
Soldato
This kind of ‘cross-subsidisation’ business practice happens all over. Look at google using advertising profits to subsidise products in other markets to the detriment of competition.
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We cant control OPEC, people in here are moaning about British oil companies, they really dont set the oil price. OPEC is a cartel and they have the world over a barrel, literally.
Soldato
Mine is 5.69p today, was 5.67p over the weekend
I think we may have timed the switch right. All luck really.
Because of Go I get about half my elec at 7.5p, the other half some combo of solar or full price (40p) units.
Does it change every day then?
Wonder how low it will go. I mean winter is basically over for the northern hemisphere now. We'll, for the bulk of the population anyway.
Soldato
Changes most days yes.
Since 1st Feb
6.78 |
6.91 |
6.54 |
6.98 |
6.98 |
6.98 |
6.92 |
6.54 |
6.37 |
6.18 |
6.42 |
6.42 |
6.11 |
6.16 |
6.16 |
6.34 |
5.88 |
5.67 |
5.67 |
5.69 |
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Isn't the cap like 10p or something? If so that's quite the saving
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Soldato
For me cap is 10.3p, it varies slightly by region
Soldato
Yup SVR was 10.4p/kWh for me.
Moved to Gas tracker like MKW and been saving cash ever since
Moved to Gas tracker like MKW and been saving cash ever since
Yeah that's great. Also great to see the price is moving down.
We got lucky I feel. It could have been much much worse.
Annoyingly tories will claim the free money they won't have to pay for the cap subsidising is a win for them.
One of those :
Times are bad = it's "global events" to blame
Times are good = was all down to us
Wonder how many fixed at high prices. Mortgages and energy.
We got lucky I feel. It could have been much much worse.
Annoyingly tories will claim the free money they won't have to pay for the cap subsidising is a win for them.
One of those :
Times are bad = it's "global events" to blame
Times are good = was all down to us
Wonder how many fixed at high prices. Mortgages and energy.
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Soldato
Electric price on tracker has also been pretty good, frequently into the low to mid 20's instead of the 34p/kWh the SVR has.
On Go though for solar battery so mostly using cheaper units (7.5p/kWh off peak).
On Go though for solar battery so mostly using cheaper units (7.5p/kWh off peak).
Soldato
Seeing the trackers getting quite low is a good outlook for the fixed rates in future.