Electricity prices - Standing Charge, Standard Energy and Offpeak Energy

Uranium as mined is around .01p per kWh. Fracked gas would probably cost around 4-5p/kWh,

High energy prices have been deliberately generated to make profit for windmill operators, Arabs and Russians, and impoverish ordinary people.

Just got mine through (Eon-Next), no contract, manual meter

Electricity

Standing charge (per day) 28.327 50.534 +78% Unit rate - Day (per kWh) 21.400 29.100 +36% Unit rate - Night (per kWh) 21.400 29.100 +36%

Gas Standing charge (per day) 30.783 32.031 +4% Unit rate (per kWh) 4.200 7.670 +83%

A couple of notes:

Looks as if I need to do a bit of shopping around and maybe adjust my payment methods. I am resisting smart meters.

Assuming Putin has not caused a number of Chernobyl style "accidents" before then...

Well, a small fraction of all UK pockets. And perhaps not of those struggling to pay their energy bills.

#Paul

Similar to my account with EDF,

Current prices New prices from 1 April 2022

Standing charge (pence per day) 28.61p 47.29p

Unit rate (pence per kWh) 22.71p 31.05p

Lower daily charge but higher unit rate.

I pay online quarterly. No smart meter no contract.

Why are electricity users being clobbered again with wholly unjustified standing charge increases ?. The fixed infrastructure is all paid for, surely ?.

British Gas can get by with standing charge per day increasing from

It's God's punishment for not being on a contract.

In message <t05nql$tid$ snipped-for-privacy@gioia.aioe.org>, at 19:52:53 on Mon, 7 Mar

The standing charge isn't hypothecated to paying for the infrastructure (despite its name) and different energy companies have significantly different standing charges despite using [locally as well as nationally] the same infrastructure.

It has become a way to impose a "minimum charge" to all customers, and as such is one of the criteria when deciding which supplier to switch to.

The regulator looks at the overall picture when setting caps, resulting in rises in both the standing charges and the price-per therm.

Info - I just had notification about my increases, Octopus, credit meters, DD

Electricity new rates Standing daily charge 37.653p +56.8% Cost per kWh 29.232p +41.4%

Gas new rates Standing daily charge 27.216p +4.22% Cost per kWh 7.3395p +83%

If you average the cost of supply over all customers, it's cheaper per unit to supply those with large consumption than those with small. It's probably something like a parabolic curve. And the simplest way to approximate it is with a fixed standing charge and a unit charge (i.e. a straight line with a positive intercept. These days, more or less all consumers are able to compare the offerings and decide which gives them minimum overall cost.

Try using the 'which' site , or confused.com

Have you had Octopus' 10-month-fixed Loyalty offer, to run from 2nd April?

Electricity Standing daily charge 25.66p Cost per kWh 41.07p

Gas Standing daily charge 26.10p Cost per kWh 12.42p

Yearly cost to me (Octopus estimate) ~£4000

Non-smart meter, DD, switch tariffs at no cost and at any time.

Ten months from April 2nd takes the rates under this offer to the end of January 2023, i.e. through most of the (high consumption) winter months and over the coming October price-cap rise, thought to be severe. I'm reviewing my typical consumption to see what the total costs of this would be taking into account the alternative rates for April - October and the likely rise in the cap in that latter month.

My new Octopus rates: Flexible Avro October 2021 v1 from 02/04/22 E7 in LE12

Electricity new rates Standing daily charge 44.5725p +86.89% Cost per kWh (day) 29.9985p +37.86% Cost per kWh (night) 20.6955p +37.52%

Gas new rates Standing daily charge 27.216p +4.24% Cost per kWh 7.2765p +84.68%

Chris

Significantly more that 54% for most customers, comparing like for like consumption. 63% here.

PA

I was on an ancient UtilityPoint tariff, not available to new customers, even though it was variable they hadn't actually varied it in at least two years, so it had become an utter bargain.

The bill I've just had for the past 99 days with EDF is £478

Identical consumption at UtilityPoint price would have been £364

Identical consumption with EDFs new cap price will be £715

Overall from UtilityPoint's 2021 price to EDF's 2022 price, it will represent a

You both seem to be exceptions. I was referring to like for like, so same supplier and on a capped tariff both before and after 2nd April, too. Should have made that clear. I'm not sure that this is understood by the media.

That said, the UK wholesale gas price has fallen by about 35% in the last few days, so who knows!

PA

Yes the 113% is only such a big difference because I was on a historic bargain tariff before.

The difference in my EDF current cap to new cap will be 49% I think I generally use less electricity than most, but about average gas, that might skew the percentages.

All the fixed deals since september-ish have been to reel in suckers to subsidise the losses the energy dealers have been making, will there be any competition appearing after April? It seems that octopus have started the ball rolling by offering £50 under the cap.