The quarterly energy Price Cap has changed from 1 Jul 24
The new #PriceCap is £1,568
The level is based on typical use of an average household on their supplier’s standard default tariff
It's a cap on energy unit price, not a cap on total bills
More ⬇️
https://ow.ly/X68i50SrvMT
Chief Executive Officer at Chapter-Street (Holdings) Limited (CSL) | EV Ambassador/Advocate (E-Vangelist) | Green Energy Specialist | SME Consultant | NED | SME Investor
Why do OFGEM treat people like idiots. It's not a reduced " cap" at all. People use less in the summer, I suppose in October you'll be telling us it's capped at 3000..
A multi award-winning Strategic Operations, R&D, Innovation, Cost, Procurement & Supply Chain, Product, Fleet, M&A, Risk, Estate, Asset & Facilities Management professional, at K M Group, a multi award-winning business.
The quarterly energy Price Cap will change from 1 January 2024.
The new #PriceCap is £1,928
The level is based on the typical use of an average household on a supplier’s standard default dual fuel tariff.
It's a cap on the energy unit price suppliers can charge, not a cap on our total bills. If you use more, you will pay more.
More on how this might affect you ⬇️
https://ow.ly/xaO850QaBtJ
The quarterly energy Price Cap will change tomorrow (1 January 2024).
The new #PriceCap is £1,928
The level is based on the typical use of an average household on a supplier’s standard default dual fuel tariff.
It's a cap on the energy unit price suppliers can charge, not a cap on our total bills. If you use more, you will pay more.
More on how this might affect you ⬇️
https://ow.ly/xaO850QaBtJ
The quarterly energy Price Cap will change from 1 Oct 2024.
The new #PriceCap is £1717
The level is based on the typical use of an average household on a supplier’s standard default tariff.
It's a cap on the energy unit price suppliers can charge, not a cap on our total bills. If you use more, you will spend more.
More on how this might affect you ⬇️
Domestic Energy Price Cap increases in Oct by 10% !
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The quarterly energy Price Cap will change from 1 Oct 2024.
The new #PriceCap is £1717
The level is based on the typical use of an average household on a supplier’s standard default tariff.
It's a cap on the energy unit price suppliers can charge, not a cap on our total bills. If you use more, you will spend more.
More on how this might affect you ⬇️
The energy price cap is set to change on 1 July 2024, with the new cap at £1,568 for a typical household on a standard default dual fuel tariff. This cap reflects the cost of supplying energy and sets the maximum price suppliers can charge per unit of energy purchased on the global market.
It’s important to note that this cap limits the unit price, not the total bill. Higher usage will result in higher costs.
Read more: https://buff.ly/3UZWCGK#PriceCap#EnergyIndustry#ClientAdvisory
The price cap sets the maximum amount suppliers can charge for each unit of gas and electricity but not the total bill - so if you use more, you will pay more. https://lnkd.in/dBt3PE5i
Below is our second Insight on the UK's Review of Electricity Market Arrangements (REMA) in which we look in more detail at the proposals for locational pricing and the alternatives. As Anna set outs, locational pricing would involve splitting GB into different areas ('zones'). Each zone would have a different wholesale price, reflecting the balance of supply and demand, and the network capacity, in each location. So areas like Scotland, where there is high supply and low demand, would have a lower electricity price than the South East of England, where the opposite is true. What does this mean for generators, investors and customers? What does the benefits/risk analysis look like?
A shift to locational pricing would be an enormous change to the UK electricity market, and has implications for everyone; new and existing #generation projects, #interconnectors, and electricity consumers.
We've summarised what this is and what it might for mean for you at the link below.
#REMA#electricitymarket
Chief Executive Officer at Chapter-Street (Holdings) Limited (CSL) | EV Ambassador/Advocate (E-Vangelist) | Green Energy Specialist | SME Consultant | NED | SME Investor
2moNo, it will NOT - because it is not a cap for a year, it will be going up in OCTOBER. So the £122 figure is MISLEADING, actually no, it is DISHONEST.