Ah ok ta, ********Its not set until this month, the previous 'announcements' were only projections/estimates.
Ah ok ta, ********Its not set until this month, the previous 'announcements' were only projections/estimates.
Mad. But thats not the price cap.
Yeah I know.. But a 3 year fix and look at the exit charge!Mad. But thats not the price cap.
Ofgem only estimated it before, seems it wont be set until end of August.Am I missing something? I thought the October rate was already set and there is another rise to come in January that is unknown?
Going by their 8 weeks usage, their direct debit should be set to around £400/pcm, which will also spread the owed £700 over 12 months. People are quickly realising that just because you fix a direct debit, it doesn't give you free reign to use whatever you like.
To be honest, if someone thinks if they fix they can use whatever they like with no consequences they are any idiot (or lacks the understanding needed to function in the real world which could have many causes) Probably need financial responsibility taken away from them also.People are quickly realising that just because you fix a direct debit, it doesn't give you free reign to use whatever you like.
Indeed, but it does happen more than you might think.To be honest, if someone thinks if they fix they can use whatever they like with no consequences they are any idiot (or lacks the understanding needed to function in the real world which could have many causes) Probably need financial responsibility taken away from them also.
Oh yeah I know it happens, I come across at least one of them every week and just roll my eyes. I can't tell if they are ignorant or just trying to be awkward to get money off.Indeed, but it does happen more than you might think.
I should have said in my previous post that I tried to anticipate the new fixed prices in my calculations.
I don't think it helps when the stupid fap amount is quoted, I.e. its going up to 3 grand a year. I think places should quote the cap I terms of kwh to eliminate any confusion, as the yearly number means nothing really.Oh yeah I know it happens, I come across at least one of them every week and just roll my eyes. I can't tell if they are ignorant or just trying to be awkward to get money off.
In the quotes it does mention that your monthly price will be re-assessed every 6 months based on usage and will change. Many people ignore it though and only take in "fixed for 2 years" then whine about there DD being increased 6 months later. It happens all the time with new customers who think they got a great deal as they have been quoted £50 on average usage then there DD doubles because they are far above the average in the area and don't understand it.I don't think it helps when the stupid fap amount is quoted, I.e. its going up to 3 grand a year. I think places should quote the cap I terms of kwh to eliminate any confusion, as the yearly number means nothing really.
The cap IS in terms of price per kwh and price per day.I think the issue with showing a projected kWh cap is that the SC varies depending where you are in the country so setting the kWh cap would put some people under the total cap and some over it.
I could be wrong though?
There is no total price cap - this is my point. These things saying ZOMGPRICECAP=£6000 are misleading.If the cap is a mix of both kWh and SC and SC varies across the country, then the unit rate will also vary to come to the same total cap so how do you show the cap kWh for everyone?
i.e. if 2 people are on the max price cap and person A is paying a higher SC than person B, then person A's kWh rate will be lower in order to stay within the total price cap
Ofgem only estimated it before, seems it wont be set until end of August.
Octopus offered someone 38p electric and 12p gas as a fixed, never seen anything like that from for other customers on Octopus, so seems some customers are getting special deals.
Although not as good as tracker v3 gas 11p and Agile 2018 35p electric.
Look how fragile/volatile the market is, can see the effect of the russian pipeline news here.
Octopus Energy latest Tracker prices for Southern England
See the latest prices and graphs for Octopus Tracker.mysmartenergy.uk
What I do is I have a separate current account just for bills and have for a while been putting a bit extra into it that will cover what ever happens with energy bills. I can just forget about it that way.Indeed, but it does happen more than you might think.
I should have said in my previous post that I tried to anticipate the new fixed prices in my calculations.
Two points:What I do is I have a separate current account just for bills and have for a while been putting a bit extra into it that will cover what ever happens with energy bills. I can just forget about it that way.
Anything left in my main current account I can do what I like with.
As has been said it's amazing how many people just can't look after their money.