Current Eon Next and EDF customer, ex Zog and Symbio. Don't think dual fuel saves money and don't like smart meters. Chronologically Gifted. If I offend let me know by private message, but I’ll continue to express my opinions nonetheless.
Awesome thank you @meldrewreborn I know price cap can be super confusion and hard to understand so it's great to see a breakdown of figures! Thank you for sharing! 😊
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Thank you for finding that. I've just had a look to see whether I can find in it what went up in a period of decreasing electricity costs and decreasing cap price. My electricity price in April is due to go up not down. It seems to depend a lot on whatever is 'NC'. Please could EoN find that out and post here, just in case there is a sensible explanation ?
To simplify, I've looked only at "Electricity: Single-Rate Metering Arrangement" at only "Nil Consumption" which states components of the standing charge per year (I think).
On sheet "1c Consumption adjusted levels" (and similar on 1b)
at line 24 "NC"
between column L "Oct 2021 - Mar 2022"
and column M "Apr 2022 - Sep 2022"
the value of "NC" jumps up suddenly from less than 17.41 pounds per year to more than 84.41 per year.
it gets worse.
between column U "Jan 2024 - Mar 2024"
and column T "April 2024 - June 2024"
the value of "NC" increases again by more of a jump than its value had been five years ago, from 103.14 pounds per year to 120.59 per year.
So the question for EoN, in due course, is tell us what is this "NC" in the Ofgem spreadsheet and why do we want it to go up on 1st April by about four times as much as claimed inflation according to the news ? If that single "NC" component were limited at 2% per annum official inflation-target-rate from its five years ago value instead of going up as much as it does, we'd be seeing a standing charge with an "NC" component of around 18.41 pounds per annum instead of 120.59, so standing charge after April would be one hundred pounds less.
NC is Nil Consumption. That is, if you have a supply but don't actually use any energy.
Don't shoot me, I'm only the piano player. I DON'T work for or on behalf of EON.Next, but am willing to try and help if I can. Not on mains gas, mobile network or mains drainage. House heated almost entirely by baby dragons.
Although I posted the link, I’ve been watching football rugby and cricket today I’ll try to fathom what is going on over the next week - it’s always tricky deciphering other people’s spreadsheets. However the radical effect on the standing charges this time around cannot have gone unnoticed within OFGEM, so I would have expected the data to have been thoroughly checked. So the discovery of serious error should be very unlikely.
These are OFGEM figures not Eon Next’s. The final outcome is a function of the methodology well established since the price caps were introduced. I suspect that where the standing charges have gone up dramatically we’ll find substantial work has been carried out on the network in those particular regions, but not to the same extent in other regions.
Just because you think that something should only increase in price annually based on inflation, that simply isn't the case when it comes to standing charges. Almost all line items in the components that make up the standing charges have nothing to do with inflation in any way.
OFGEM set the limits for standing charges so it's not that they have gone 'unnoticed"...rather the contrary in fact.
the figures from OFGEM are maxima for standing charges. Suppliers could charge Less - even zero - and make it up by charging higher unit prices. But they tend not to, I presume that’s what delivers them the maximum income.
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