AE-NMidlands wrote: ↑Fri Sep 09, 2022 12:34 pm
Bugtownboy wrote: ↑Fri Sep 09, 2022 11:11 am
AE, if you’re not with Octopus, you can get a £50 cashback on referral by a friend
That’d help to offset some of the increase too.
I am with Octopus already, as they took over the Coop energy business and give Coop members a "special" tarriff - if you can believe what marketing people say.
However the one thing I can't find to put into my sums are the actual capped prices, so I can't estimate what any % rise means! I understand that they vary by region, and that suppliers can deviate in some ways, but only the "Average house" prices seem to be publicised.
Even Offgem say
Guidance for energy customers:
If you are an energy customer trying to find out your capped tariff price, please contact your energy supplier. You can find their contact information on an energy bill,
I can only add that I am every bit as frustrated by trying to find what the "capped" prices are. It seems to me that there is some sort of weighting algorithm applied, and that the notional 54% rise allowed in April wasn't really 54% at all. Our prices were capped, as we are on a standard variable tariff, but the % increase in April was all over the place. For example:
Peak rate tariff was 27.773p/kWh. That increased by 19.76% to 33.26p/kWh under the notional 54% cap
Off-peak tariff was 7.56p/kWh. That increased by 135.86% to 17.831p/kWh under the notional 54% cap
Standing charge was 22.97p/day. That increased by 81.63% to 41.72p/day
Very hard to see how the 54% cap relates to those increases, but presumably there is some magic formula that is applied to make those increases magically add up to no more than 54%. For us the reality is that our bill has far more than doubled and will likely be around 4 times higher this winter than last, with the October increase as well.
25 off 250W Perlight solar panels, installed 2014, with a 6kW PowerOne inverter, about 6,000kWh/year generated
6 off Pylontech US3000C batteries, with a Sofar ME3000SP inverter