A shiny new January tarrif - AIBU to think power companies are on the naughty list forever now?

[FerFuckSake]

Your new prices

Current prices until 31st December 2022 New prices from 1st January 2023
Electricity

Standing Charge (per day) 57.02p 57.02p
Unit rate - All/Day (per kWh) 48.470p 53.104p
Unit rate - Night (per kWh) 12.911p 15.059p

• All prices include VAT at the applicable rate, which could change. Your bill or statement will show any VAT charged as a separate item.

Scottish Power, in case you were wondering Santa.

But these are academic rates to domestic customers, the government pays the excess above their controlled cap until April. Before anyone has a heart attack.

EDF emailed me to tell me that my electricity unit rate is falling from 33.48p to 33.32p.

Reduces my estimated 12m bill from 1154 to 1149.

I know I don't chuck it about like some people do, but this feels off. Ah well. That's for another day.

Does the price guarantee not run until March 2023? Not sure how it works with economy 7/10 tariffs where night rates are cheaper and day rates are more expensive

I normally cut my CH at the end of March, this year I was hoping middle of March but depends on the weather.

I suspect a lot of people who used to heat through April will be CH off in March next year.

The big problem will be the step change that hits next winter.

Well these are the prices I have been paying so this is eco 7 WITH the government assistance, fuck only knows what madness will commence in spring.

I have to pay by month now which isn't helping, the direct debit plan they were offering would have a shocking nearly £2000 of my money in credit by now and quite simply I need that money for other bills.

The dd tariff standing charge alone was almost 10 p cheaper a day so this is blatant price gouging and not necessity.

Next winter is going to be really quite frightening

I expect the support to be very limited, presumably to pensioners (as Tory voters, this is not necessarily going to be limited to poorer pensioners, but we shall see) and to the very poor/unwell).

The energy regulator, Ofgem, is responsible for reviewing the energy price cap every three months to take account of changing costs, such as the rising price of wholesale energy. The price cap is set to increase to £4,279/year for a typical household* from 1st January 2023, however, the Government's Energy Price Guarantee (EPG) means the typical household energy bill will remain at around £2,500/year until 31st March 2023.

Although the typical annual household energy bill will remain at around the same level as it is now, some customers will see their prices change from the start of the new year and we're writing to let you know how this will impact you. Under the rules of the EPG, we're required to write to all customers if their prices change.

Don't forget, the EPG is not a cap on your total bill value, so the less energy you use, the less you'll pay. For hints and tips on how to reduce your energy use, visit scottishpower.co.uk/energy-efficiency. Our energy efficiency guide provides a range of easy and affordable ideas which aren't just good for you and your pocket, they're better for the planet too.

Why are the prices changing?

Ofgem's calculation of the price cap each quarter takes into account changes in the costs to provide energy to customers in different areas of Great Britain, and on different payment methods. As the EPG applies a flat unit rate discount for all customers on a standard variable tariff no matter what region you live in or payment method you use, the updated price cap level means that some customers will see a change to their prices.

@FourTeaFallOut Basicly the EPG can be put aside whenever the energy company feels like it, especially for those not wealthy enough to overpay by dd in these strange economic (5% interest on savings) times. It is profiteering. I paid by dd happily for years, no longer as of last year due to overcharging and supplier refusal to be reasonable or even contactable.

This policy is targeting the most vulnerable, it is gouging the poorest and ought to be legislated against properly.