Energy Prices (Strictly NO referrals!)

200sols said:
Under Ofgem's price cap, standing charges have risen by 43% since 2019.
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Seems to have risen a lot more than 43%. Wonder what @Richie thinks?
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@Richie says that's a pile of pish, at least anecdotally. I can only go back as far as 2021 but my actual figures from bills (just checked):

  • 2021
    • Elec SC - 7.35p
    • Gas SC - 7.35p
  • 2024
    • Elec SC - 50.4p
    • Gas SC - 31.8p

All include VAT. This makes it a circa 700% increase in Elec and 400% increase in Gas SC since 2021 i.e. 3 years

Any wonder I get a little peeved about it?


EDIT: For clarity - all on EON/EON Next so not a "small supplier" that went bust
 
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Richie said:
@Richie says that's a pile of pish, at least anecdotally. I can only go back as far as 2021 but my actual figures from bills (just checked):

  • 2021
    • Elec SC - 7.35p
    • Gas SC - 7.35p
  • 2024
    • Elec SC - 50.4p
    • Gas SC - 31.8p

All include VAT. This makes it a circa 700% increase in Elec and 400% increase in Gas SC since 2021 i.e. 3 years

Any wonder I get a little peeved about it?
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thats more or less the same for me too

edit:
Gas rate 3.393p per kWh Standing charge7.350p per day
Electric rate 17.615p per kWh Standing charge7.350p per day
 
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Welshman said:
yup im talking the same tariff and i used the same tracker tariff with the 3, 6 and 12mth averages and at no stage does yours go down to 16p average cost.

unless you keep individual month by month data, that the tracker apps dont provide.
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I was going by the average unit cost stated on my monthly bill from octopus.

March -
1hS6fTI.jpeg

April -
8JuumQt.jpeg

May -
Nxv6L7g.jpeg


Iirc those are well below what the price cap was back then, so it would take quite a few weeks or months of above price cap rates to wipe out the savings i made during the last 6 months.
 
ljt said:
I was going by the average unit cost stated on my monthly bill from octopus.

March -
1hS6fTI.jpeg

April -
8JuumQt.jpeg

May -
Nxv6L7g.jpeg


Iirc those are well below what the price cap was back then, so it would take quite a few weeks or months of above price cap rates to wipe out the savings i made during the last 6 months.
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isnt that the old tracker tariff though?
 
I got 2 emails from British Gas last week.

Great news the amount you pay by direct debit is going down

For electric ( which i use the most of going down )

For Gas ( which i hardly use is going up )

Strangely my electric is going down by exactly the same amount as my gas direct debit is going up.

Then today i get an email

Oh because the price cap is changing all your prices are going up

No wonder pensioners etc get confused as hell about it
 
Beans on toast Dave said:
thats more or less the same for me too

edit:
Gas rate 3.393p per kWh Standing charge7.350p per day
Electric rate 17.615p per kWh Standing charge7.350p per day
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Mine were the same. TBH, I am not concerned about the unit rate increase as its only about 23% over 3 years but the 700% increase in SC over the same period is just mental. Now, some will say this was due to SoLR payments but that, I believe, has all been paid so the 700% increase does not include that!
 
danlightbulb said:
Before almost all customers were on the price cap, Ofgem still had one as a backstop but no-one was on it. Could they be referring to the change in this standing charge, which presumably was a lot higher than most people were paying back then.
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Whatever they are referring to its total nonsense. The cap Ofgem introduced in 2019 had a SC that was about £182 for dual fuel customers, its not 43% higher now, its more like 85% based on those figures for the average customer and for many people who had fixes it is much higher again. For comparison the highest measure of UK inflation RPI is up about 37% since the start of 2019.
 
200sols said:
Whatever they are referring to its total nonsense. The cap Ofgem introduced in 2019 had a SC that was about £182 for dual fuel customers, its not 43% higher now, its more like 85% based on those figures for the average customer and for many people who had fixes it is much higher again. For comparison the highest measure of UK inflation RPI is up about 37% since the start of 2019.
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Perhaps its inflation adjusted, based on your figures that would get it into the right ballpark?
 
200sols said:
No.
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Perhaps they are comparing a weighted standing charge rate increase over both electricity and gas:

................... 2019 ....... 2024 ........ Increase
Electricity ...... 28p ........ 61p ........ +114%
Gas .............. 25p .........32p .........+27%


With usage of 12000 kWh gas and 3000 kWh electricity per year that would give a weighted uplift of around 44%.
 
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danlightbulb said:
Perhaps they are comparing a weighted standing charge rate increase over both electricity and gas:

................... 2019 ....... 2024 ........ Increase
Electricity ...... 28p ........ 61p ........ +114%
Gas .............. 25p .........32p .........+27%


With usage of 12000 kWh gas and 3000 kWh electricity per year that would give a weighted uplift of around 44%.
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28p+25p = 53p
61p+32p = 93p.

53-93 = 75.5% increase. Usage is irrelevant really.

If we go back to the quote 'Under Ofgem's price cap, standing charges have risen by 43% since 2019.'

Seems clearly false to me.
 
DJMK4 said:
I live on my own , its mad to think that about 4-5 years ago it used to cost me about £45 - £50 to heat my home a couple of hours a day throughout the month and use the electric.


Now, im paying £55 a month just for electric only, this is without any central heating action or hot water (gas) action.
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Food and electricity/gas.

These are the 2 unavoidable costs that have really rocketed since covid.

We use quite a lot of electric for a 2 person house with some quite intense spikes of usage.

For us, high standing and low unit is probably as good as the reverse.

Glad didn't go into agile. I nearly did. Would have been a disaster
 
Richie said:
@Richie says that's a pile of pish, at least anecdotally. I can only go back as far as 2021 but my actual figures from bills (just checked):

  • 2021
    • Elec SC - 7.35p
    • Gas SC - 7.35p
  • 2024
    • Elec SC - 50.4p
    • Gas SC - 31.8p

All include VAT. This makes it a circa 700% increase in Elec and 400% increase in Gas SC since 2021 i.e. 3 years

Any wonder I get a little peeved about it?


EDIT: For clarity - all on EON/EON Next so not a "small supplier" that went bust
Click to expand...
3 years ago I was paying 25p standing for both.
So I'm Suprised it was 7p standing??

I don't recall ever seeing that in 2021/2022?
 
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