Ofgem price cap
Morning
Planning a PV installation atm
I awoke this morning to the joyful news that the Ofgem price cap is likely to hit £2400 by next autumn...
I have been trying to find info on how the cap price relates to unit price. As far as I can see this is supposed to be a cap that would represent the 'average consumer' presumably something like a 3 bed house, 4 occupants bla bla. However Ive found it remarkably difficult to find exactly what they consider the 'average' consumer to be.....
Does anyone know how to convert the price cap to an estimated rate for gas/ electricity?
Thanks
Posted by: @robertoiMorning
Planning a PV installation atm
I awoke this morning to the joyful news that the Ofgem price cap is likely to hit £2400 by next autumn...
I have been trying to find info on how the cap price relates to unit price. As far as I can see this is supposed to be a cap that would represent the 'average consumer' presumably something like a 3 bed house, 4 occupants bla bla. However Ive found it remarkably difficult to find exactly what they consider the 'average' consumer to be.....
Does anyone know how to convert the price cap to an estimated rate for gas/ electricity?
Thanks
Based on what is called typical domestic consumption value tdcv.
The figures quoted in the press are for a Standard Direct Debit Dual Fuel customer using 12000 units of gas and 2900 units of electricity. Actual customers will pay a slightly different amount depending on where they live if using this amount. It is about 20.1p per unit of electricity and 4.1p per unit of gas currently for the current price cap. For the next price cap gas is currently expected to go up more than electricity in percentage terms. The price cap is expected to be released on 7th Feb and comes into force in April. So not long to wait.
There are actually price caps for a variety of different customer types and regions, e.g. those using pre pay meters.
Tdcv are usually updated every April as typical domestic consumption changes over time. However the updates were cancelled for the last two years so remain 12000 and 2900 due to covid impacting the amount of time many people spent at home and how much energy they used.
- 26 Forums
- 2,153 Topics
- 47.3 K Posts
- 146 Online
- 5,673 Members
Join Us!
Podcast Picks
Latest Posts
-
RE: Failing heat pump system - seeking thoughts on a rebuild
OK. It will help if they tell you why and whats actual...
By JamesPa , 7 minutes ago
-
RE: Electricity price predictions
Community energy installations are a great idea, but th...
By Scalextrix , 44 minutes ago
-
RE: Can you help with our research: solar panels, EV chargers, home batteries, heat pumps?
I have signed up as well. @belsnugg could you outline ...
By JamesPa , 8 hours ago
-
RE: New Vaillant aroTherm Plus in black - When will it come to the UK?
Ooh, heat pumps in neon blue wrap 🤣 🤣 &...
By Old_Scientist , 9 hours ago
-
@profzarkov Good to know in case it ever happens to me...
By bontwoody , 1 day ago
-
RE: Are Octopuses Slowing Consumer Adoption of Heat Pumps?
I mean, is this surprising? The local installers in my ...
By Alex , 1 day ago
-
@old_scientist sorry, I should have made it clear that ...
By GrahamF , 1 day ago
-
RE: Mitsubishi Ecodan 11kw Defrosting Issue.
@thundermink can you provide photos to illustrate your ...
By Morgan , 1 day ago
-
RE: Boiling Mad: Exposing Radiatorgate
Hi @Rob, I’d be more than happy to contribute. I have ...
By DREI , 1 day ago
-
RE: Solar Power Output – Let’s Compare Generation Figures
@andris a great year - very happy with our system
By Profzarkov , 1 day ago
-
RE: A Customer's Lessons Learnt from a Heat Pump Installation in a Large House
After our rather lengthy meander off piste, I thought I...
By GrahamF , 1 day ago
-
RE: Midea ASHP – how to set weather compensation
@pash44pump - to collect the IAT/OAT data, can I sugges...
By cathodeRay , 1 day ago
-
RE: Ecodan software update. Real or scam?
@vinz86 Contact Mitsubishi and an engineer attends and ...
By ASHP-BOBBA , 2 days ago
-
@drei When I was in local government we were of cours...
By JamesPa , 2 days ago
-
RE: Heat Pump SCOPs – The Truth Might Not Be What You Think
Sufficient system volume is also essential for ensuring...
By Old_Scientist , 2 days ago
-
RE: Flexi-Orb Heat Pump Scheme: A Game-Changer for the UK's Heat Pump Industry
As someone who has suffered from a Heat Pump installati...
By DREI , 3 days ago
-
RE: What crazy nonsense are inverter limits and why are they imposed?
I’ve also got a dual fuel Rangemaster. We originally ha...
By Majordennisbloodnok , 3 days ago
-
RE: Octopus tariffs - a quick comparison
@tim441 I’d agree wholeheartedly with that, with 2 x Po...
By Toodles , 3 days ago