The energy crisis

[1andrew1]

Originally Posted by Jaymoss

It is interesting the Octopus are taking on a Broadband provider

I guess they didn't have much choice as it is part of Shell Energy. I suspect they won't keep it.

[Jaymoss]

Originally Posted by 1andrew1

I guess they didn't have much choice as it is part of Shell Energy. I suspect they won't keep it.

or maybe it is a new venture

Interesting first Bill from OVO (for August).
They charged me 14.85 for Electricity, which is simply the standing charge for the month.

This is despite they fact they have my meter readings for the month.
Gas was charged correctly, Standing plus usage from the meter readings.

I wonder how long this will last before they notice their system isnt working properly.


[ Years ago, when I was with IRESA, they screwed up and used my night readings for day, and day readings for night.
So I got 80% of my electric at the cheap night rate. They never fixed this, even after I pointed it out to them, twice. ]

[Ms NTL]

Octopus did not charge me for leccy in August either --not even standing charge. Only gas. I have a smart meter, and since they charged me for gas, I know they can "talk" to the meter. ?????

[Jaymoss]

Originally Posted by Ms NTL

Octopus did not charge me for leccy in August either --not even standing charge. Only gas. I have a smart meter, and since they charged me for gas, I know they can "talk" to the meter. ?????

They did the same to my daughter but she was a Bulb move over. Ended up being billed over £350

[Taf]

Scottish power is knocking a tiny bit off gas and leccy, but adding to the Standing Charge... AGAIN!

Originally Posted by Taf

Scottish power is knocking a tiny bit off gas and leccy, but adding to the Standing Charge... AGAIN!

I got this from OVO.

If you're on a variable rate plan we’re not passing on any standing charge increases. With the new price cap, you’ll pay a lower unit rate for your energy from 1 October. Daily standing charges should be increasing, due to rising costs of supplying energy to your home. Due to the challenges that a lot of customers face with the cost of living crisis, this increase won’t be passed on to you, and you’ll continue paying your current price for standing charge. Your actual bills will still depend on how much energy your home uses.

[Taf]

Your actual bills will still depend on how much energy your home uses.

Plus the existing rate of Standing Charge of course.

Received this from Shell Energy this week

Your electricity rates are changing from 29.262p to 26.520p per kWh. Your electricity standing charge per day is changing from 55.60p to 56.02p.

Your gas rates are changing from 7.439p per kWh to 6.825p per kWh. Your gas standing charge per day is changing from 29.11p to 29.62p.

Octopus is reducing unit rates and freezing standing charge for both gas and electric.

(Attached - electricity is the one with 60p standing charge)

[TheDaddy]

Wouldn't it be better to put the unit cost up and the standing charge down to encourage less use

Originally Posted by TheDaddy

Wouldn't it be better to put the unit cost up and the standing charge down to encourage less use

You’re confusing the Energy Companies with someone who want to make less money - Standing Charges = guaranteed revenue (no matter how much the customer reduces usage…)

My new prices will be

Standing Charges:
Gas = 29.11p per day
Electric = 50.31p per day

Usage:
Gas = 6.77p per kWh
Electric = 26.76p per kWh

As noted, the standing charge is unchanged, the usage as gone down from 29.47p & 7.37p.
The standing charges are identical to what I previously paid both EDF & British Gas earlier in the year.

[SnoopZ]

Glad I didn't fix my flexible Octopus tariffs.

Unit rates have decreased standing charges haven't changed.

New Prices
Standing Charges:
Gas = 27.468p per day
Electric = 42.013p per day

Unit Rate
Gas = 6.786p per kWh
Electric = 27.932p per kWh

[Chrysalis]

Originally Posted by Chris

Octopus is reducing unit rates and freezing standing charge for both gas and electric.

(Attached - electricity is the one with 60p standing charge)

How nice of them to freeze zero usage fees at £1 a day.

---------- Post added at 19:08 ---------- Previous post was at 19:05 ----------

Originally Posted by TheDaddy

Wouldn't it be better to put the unit cost up and the standing charge down to encourage less use

A fair few of us have been arguing this on social media, but its on deaf ears.

Ofgem have been moving various industry costs from unit to SC deliberately for their own reasons (likely political), but in addition the industry is likely fighting with customers who are reducing their usage, so shifting costs to SC acts as revenue protection.