No. It means the per kilowat rate is capped at a pence per unit. It isn't a good news story.
This is getting ridiculous (energy prices - Strictly NO referrals!)
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Soldato
Price cap is per unit. So not a good idea to run the heating all day.
Soldato
Energy price cap
The energy price cap is the maximum amount energy suppliers can charge you for each unit of energy and standing charge if you're on a standard variable tariff.
Rock paper scissors?Preindustrial life style would work, but how are you gonna select the 90% who must die to bring the population down to the preindustrial levels of 6-7 million?
Soldato
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Have you been wasting leccy & gas thinking you don't have to pay over a certain amount and the rest is all free ?
Caporegime
I think an easy to understand guide to the price cap to all households should have been a priority. I don’t think a good enough effort has been made to do this.
Agreed. The press publishing headline numbers that are actually what an AVERAGE household will pay is rather meaningless to a lot of people
It's a price cap PER UNIT and this should be made much more clear. Most don't read past the headline.
I was looking at my Bosch Smart Home app today. We've used almost 50% less gas (actual volume) in the 2021/2022 winter than we did a year previous.
Investment in smart thermostats for every radiator in the house paying off!
Soldato
Maybe you misunderstand my point as nothing in the thread or whatever you've posted goes against it.
The speculation is on derivatives, which do not impact the real price, vs the actual impacts on price are based on increases in fertilizer, wages, and the reduction of supply.
Soldato
reporting from the uneasy S-Eastern corner of the continent, after months of bill shocking the GR government has decided to subsidize the electricity bills for everyone up to 60%. The situation got so bad here, the bills were 2 or 3 times the monthly family income for a lot of families.
The idiots drove this country from being self sufficient in electricity production to heavily depended on foreign natural gas, now they are rushing to switch on the coal factories asap to the rescue.
The idiots drove this country from being self sufficient in electricity production to heavily depended on foreign natural gas, now they are rushing to switch on the coal factories asap to the rescue.
I think if you fail to grasp what the price cap is, you're beyond help.
Caporegime
Saddens me. Polluting such a beautiful country like that. No choice I suppose
Soldato
its not like the skies will turn black, but it has become a matter of survival, there are pensioners who are going mad with the bills
Soldato
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Apart from when they do just like Oil
Soldato
I facepalmed so hard at this.... do you even adult? Lol
Soldato
Four 'Direct Debit Health Checks' in the space of 2 months (their T&C's state they do this 3 monthly) by Ovo Energy, despite our energy usage plummeting as the summer weather gets warmer.
So as suggested by a previous poster, I cancelled my direct debit as it won't let you readjust it downwards after OVO increase it without your agreement. Ovo then email you to request you set the DD back up, which I did - at the amount I want to pay.
Guess I'll be cancelling and setting back up the DD every time they increase it. Works though, a little time consuming but works.
So as suggested by a previous poster, I cancelled my direct debit as it won't let you readjust it downwards after OVO increase it without your agreement. Ovo then email you to request you set the DD back up, which I did - at the amount I want to pay.
Guess I'll be cancelling and setting back up the DD every time they increase it. Works though, a little time consuming but works.
Soldato
Haha, yes I see. Might have to do same, even though I send readings and the local DNO manually read it I have seen the odd estimate.
Soldato
Apart from when they do just like Oil
You cant do it with oil either, which is what i am trying to explain, it is a derivative.
Soldato
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You can though because the futures determine market sentiment which apart from supply vs demand is the second biggest driver of price
Soldato
During the CFL (mercury-based energy saving) bulb era of the 2000s, I detested those CFLs. Even the "brighter" 20W ones. I didn't like the colour they produced. Then from a visually impaired viewpoint, they were dimmer than the 60/100W incandescent bulbs and they didn't produce shadows very well, so things in the room looked more blurred to me. So during that era, I stuck with the incandescent bulbs.
Once the LED bulbs came along in the early 2010s, I grabbed them with both arms. 15W white LED produces around the same brightness as incandescents and the shadows were back, so to produce a sharper image in the room for me.