Yes, because Octopus have to buy your energy up front (based on an average customer) a year in advance for a fixed tariff and that's how much it costs at the moment in the market, plus all the levies, etc.billi wrote: ↑Sat Feb 05, 2022 11:31 am Hi there ,
Can that be true ?https://www.octopusreferral.link/octopu ... y-tariffs/Octopus Fixed tariff unit price per kWh.
27th January 2022 – 10.13p per kWh for a unit of gas and 37.29p per kWh for a unit of electricity.
21st January 2022 – 8.55p per kWh for a unit of gas and 34.63p per kWh for a unit of electricity.
15th December – 10.18p per kWh for a unit of gas and 37.08 per kWh for a unit of electricity.
9th December – 8.77p per kWh for a unit of gas and 33.65p per kWh for a unit of electricity.
2nd December – 8.11p per kWh for a unit gas and 31.23p per kWh for a unit of electricity.
Remember the OFGEM flexible rate capped values are effectively subsidised partly on a buy now pay later regime. That's why the capped prices are likely to stay high for some time after the market prices fall.