My supplier went bust recently and I have been moved to Octopus. I have just had their prices through and the new tariffs are:
Gas: 4.01p/kWh
Elec: 23.02 p/kWh
By comparison, what I was on with my old supplier was:
Gas: 2.494 p/kWh
Elec: 15.435 p/kWh
So the price has nearly doubled for gas and a third up for elec. And yet somehow this insane increase is being reported as an increase in the price cap rising by an average £139/yr
"The regulator Ofgem has increased the price cap on standard and default tariffs today from £1,138/yr to £1,277/yr for a typical dual-fuel household"
Except in practice my £1500 per year bill will now increase to nearly £3000 if my consumption stays the same. I live in a typical household by size, so why is this being reported as a £140 increase when it is actually a £1400 increase? Can anyone explain this and why there is not more outrage over what is happening?
And how much are you paying p/kWh? Are these prices typical?
And why is inflation being reported as 3% where what I am seeing is food up 20%, gas & elec up nearly 100%, other bills at least 5% - where on earth did 3% come from?