Energy Prices (Strictly NO referrals!)

10-11p kwh on tracker tomorrow.
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squerble said:
Mine's 29.83p for gas, which is more than 4p over the rates in the table for my area :p that table isn't a hard limit.
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Ha, fair enough. I thought there was a cap on SC but I got my wires crossed. The cap is an overall cost and appears to be able to be split between SC and units at the suppliers discretion (someone can advise if I am still wrong :cry:)

I still think @eddiemcgarrigle is wrong at 64.56p SC for gas
 
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Richie said:
Ha, fair enough. I thought there was a cap on SC but I got my wires crossed. The cap is an overall cost and appears to be able to be split between SC and units at the suppliers discretion (someone can advise if I am still wrong :cry:)

I still think @eddiemcgarrigle is wrong at 64.56p SC for gas
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On the SVR from my understanding it is its not at their discretion.

The SVR is made up of two elements, zero usage cost, and unit price. The zero usage cost is the SC, paid by everyone hooked up to the grid with an account. The unit price element they then look at what they consider to be typical usage, and that creates an annual cost. The two elements are added together and thats the figure they present. To further complicate it, both of these elements change based on region and the final figure presented is an average of all regions.

The reason we see some variances on SVR tariffs is the suppliers have some permitted margins, they can of choose to use some of those margins to make their tariffs cheaper.

Where it is less clear is on non SVR tariff's. These are not regulated for profit's. But I believe there is still some kind of obligation to provide XX amount per customer towards a national cost, to fund things like the green levy, WHD etc. A recent video from the Octopus founder suggests Octopus still have some kind of minimal SC obligation on their non SVR tarioff's but he wasnt very clear on it, very vague.
 
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chrcoluk said:
On the SVR from my understanding it is its not at their discretion.
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Things you need to know​


The energy price cap does not set a limit on the unit rate or standing charge a supplier can charge you, but it does set a limit on overall amount you will pay. For example, you could be on a tariff that has a higher unit rate but a lower standing charge.


The standing charges are the maximum costs a supplier can charge a customer who has not used any energy. Suppliers can also charge less than the limit for either standing charge or unit rate.
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Get energy price cap standing charges and unit rates by region

Electricity and gas standing charges and unit rates by payment type for regions within England, Scotland and Wales.
www.ofgem.gov.uk www.ofgem.gov.uk
 
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200sols said:

Get energy price cap standing charges and unit rates by region

Electricity and gas standing charges and unit rates by payment type for regions within England, Scotland and Wales.
www.ofgem.gov.uk www.ofgem.gov.uk
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Why you replying to me specifically?

Does their statement make sense to you?

So there is a quote on that page saying it does not limit the unit rate or SC they can charge the consumer, but it does limit the overall amount you pay., but how can it limit the overall amount you pay if they are not limited on the cost of unit rate and SC?

Also if there is no such limits, why are ofgem publishing tables for unit rates and zero usage cost?

Ofgem is the strangest regulator I have come across, not only do they make strange decisions, but they must have the most confusing system I have ever come across.
 
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200sols said:
What do you mean, why?
I'm replying to your opinion with fact from ofgem on how it works.

Richie was correct to start with.
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Can you explain the points I brought up then.

If the suppliers can increase the unit rate and SC of their own free will, why are Ofgem publishing tables for SC and unit rates, and how can a overall amount a consumer pays be assured if the unit rate and SC are not limited?

The page you linked to basically contradicts itself.
 
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chrcoluk said:
Can you explain the points I brought up then.

If the suppliers can increase the unit rate and SC of their own free will, why are Ofgem publishing tables for SC and unit rates, and how can a overall amount a consumer pays be assured if the unit rate and SC are not limited?

The page you linked to basically contradicts itself.
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Well they can't increase it by free will can they because the combined charges have to come in under the cap rate. I don't see how it contradicts itself at all.
 
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