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WilliamColwell1
OFGEM price caps are now shown for unit charges and standing charges for all of the payment methods and Uk regions on their website.
in the past, OFGEM used to quote a cash figure for a certain level of consumption, and theoretically suppliers could reduce the standing charge and offset that by increasing the unit rates, so long as when the specified consumption was utilised the cash cap wasn’t exceeded. They now specify caps for the standing charge and unit prices separately so I presume (don’t actually know!) the previous flexibility is no longer available.
prepayment is according to Martin Lewis now the lowest priced tariff, about 2% below Direct Debit rates, but rates are region specific. Suppliers can (but generally don’t) charge less than the price cap, but not more.
while OFGEM has published its maximum prices, suppliers then need to publish their rates, so it’s up to suppliers to get their rates published, some are better than others at being proactive in this regard.
For April 2025 standing charges have increased for gas and 2 regions for electricity, while decreasing in the other 12 regions.