The issue was the UK price cap was based on the preceding 6months prices so even if prices fall as they have the cap would have stayed higher. Of course the upside was it shielded UK customers from much higher spot prices at the time.I can assure you I can read the numbers off the letter written to me by Bulb - 38.59p per kwh (electric). Which would be about 60p per kwh without the energy support scheme.
But I did make a mistake - I've read the price for the september bill which is 18c per kwh, it may or may not go up again. The support package that will come into play this month is'nt exactly clear, I've shown the link you posted (thanks) to my partner (who's Latvian) we still don't get it, even from info written in Latvian.
In particular:
"Households will receive the first 100 kWh a month for a fixed tariff that does not increase EUR 160 per MWh"
Unless I'm completely miscalculating average energy usage, 100 kwh/month is nothing.
Which is all by the by. I believe that previously Latvia received 100% of its gas from Russia for both heating and electricity generation, apart from some hydro-electric power, they don't really have any other way of way of producting power.
The point being I expect my bill in Latvia to be an awful lot less than here in the U.K. I don't think the support package is actually anything that special - so where is all the money going here?
I suspect profiteering. For reference the spot price for electricity in the U.K right now is £280 per mwh. Or 28p per kwh.
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