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Energy companies collapse
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Old 02-10-2021, 01:55   #106
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Re: Energy companies collapse

Quote:
Originally Posted by Taf View Post
If you use less than the price cap level, can they charge you right up to the cap level?

If you use more than the price cap level, does all your usage get charged at a higher rate?
No in both cases.

The price cap is simply the max you must pay for 'average' use, so the unit prices must be set accordingly.

If you use more, you pay more, if you use less, you pay less.
The issue I was having was finding what the actual 'average' usage figures were.
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Old 02-10-2021, 11:45   #107
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Re: Energy companies collapse

Quote:
Originally Posted by Paul View Post
The issue I was having was finding what the actual 'average' usage figures were.
It's the same here. And I've trawled the Internet for the actual figures.
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Old 02-10-2021, 11:53   #108
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Re: Energy companies collapse

Might be time for people to start ringing companies and asking the question . . somebody has to know
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Old 02-10-2021, 12:06   #109
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Re: Energy companies collapse

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Originally Posted by Taf View Post
It's the same here. And I've trawled the Internet for the actual figures.
2900 kwh electric 12000 kwh gas
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Old 02-10-2021, 23:25   #110
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Re: Energy companies collapse

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Originally Posted by Jaymoss View Post
2900 kwh electric 12000 kwh gas
Did you just make them up ? or do you have something to back them up ?
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Old 02-10-2021, 23:34   #111
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Re: Energy companies collapse

Quote:
Originally Posted by Paul View Post
Did you just make them up ? or do you have something to back them up ?
I did have a link for them at the time of posting I will find it again by googling the numbers

---------- Post added at 22:33 ---------- Previous post was at 22:32 ----------

Here you go https://www.ukpower.co.uk/home_energ...ctricity-usage

---------- Post added at 22:34 ---------- Previous post was at 22:33 ----------

here is an ofgem document on them https://www.ofgem.gov.uk/sites/defau...n_letter_0.pdf
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Old 04-10-2021, 12:02   #112
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Re: Energy companies collapse

Bulb have raised their prices up to 80%
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Old 04-10-2021, 12:25   #113
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Re: Energy companies collapse

Quote:
Originally Posted by Hom3r View Post
Bulb have raised their prices up to 80%
Presumably you’re just talking about their gas prices? My higher electricity prices with them are now in effect, but they’ve gone up from from 18.876p to 20.824p per kWh with a standing charge increase from 26.881p to 27.384p per day.

When I joined them about 3 years ago they were 14.543p per kWh with the standing charge at 20.444p. I haven’t actually checked for a while to see if they’re still the cheapest for me but I suspect these rates are still pretty good. I can’t get dual fuel because we have no mains gas here.
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Old 04-10-2021, 13:09   #114
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Re: Energy companies collapse

Shell's standard tariff for Electricity (DD only) is 27.410p standing charge per day, and a unit rate of 18.981p per kWH (according to this site).

They also have Economy 7

Day rate 21.730p
Night rate 12.415p
Standing charge 27.490p

https://www.switch-plan.co.uk/suppli...nergy/tariffs/
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Old 04-10-2021, 13:29   #115
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Re: Energy companies collapse

Quote:
Originally Posted by Hugh View Post
Shell's standard tariff for Electricity (DD only) is 27.410p standing charge per day, and a unit rate of 18.981p per kWH (according to this site).

They also have Economy 7

Day rate 21.730p
Night rate 12.415p
Standing charge 27.490p

https://www.switch-plan.co.uk/suppli...nergy/tariffs/
18.9p is actually cheap in this day and age. I still do not know what Octopus is going to charge me yet
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Old 04-10-2021, 13:30   #116
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Re: Energy companies collapse

I should go give them a look … only thing to be aware of is that a component of the electricity charge is paid to the local distribution network operator. In our case that’s the Scottish highlands half of SSE, whose charges are particularly high. The prices you will get quoted for service at your postcode are likely to be cheaper than for mine.
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Old 04-10-2021, 13:30   #117
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Re: Energy companies collapse

Quote:
Originally Posted by Chris View Post
Presumably you’re just talking about their gas prices? My higher electricity prices with them are now in effect, but they’ve gone up from from 18.876p to 20.824p per kWh with a standing charge increase from 26.881p to 27.384p per day.

When I joined them about 3 years ago they were 14.543p per kWh with the standing charge at 20.444p. I haven’t actually checked for a while to see if they’re still the cheapest for me but I suspect these rates are still pretty good. I can’t get dual fuel because we have no mains gas here.
I was paying 14p ish with Avro up till they crashed my new charges are gonna be a shock
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Old 04-10-2021, 17:34   #118
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Re: Energy companies collapse

Not a surprise, Bulb customers will probably be happy at least in the short term.
Quote:
Ovo Energy is preparing a bid for rival energy supplier Bulb in a move that would consolidate the Bristol-based company’s position as one of the biggest electricity and gas providers in Britain.

Lossmaking Bulb has been working with its bankers at Lazard to explore new sources of funding or a deal with a rival supplier in a bid to secure its future, as Britain’s energy supply sector battles against record wholesale gas and power prices.
https://www.ft.com/content/6114abb9-...0-d874d4c33112
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Old 04-10-2021, 18:08   #119
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Re: Energy companies collapse

Quote:
Originally Posted by Jaymoss View Post
2900 kwh electric 12000 kwh gas
Our annual electricity hovers just above 4000kwh (just below their 4,300 HIGH level), whilst our gas is just above 7,000kwh (1,000 below their 8,000 LOW level).

So does the cap apply in our case? I fear not.
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Old 04-10-2021, 18:11   #120
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Re: Energy companies collapse

We use 7,500kWh electricity a year but no gas. Mind you our biomass bill more than makes up for that…
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