Green Energy - bills increasing

[Arapawa]

Are all companies increasing their prices? GE is increasing prices from next month. I know we are paying more cos they are 100 renewable but it's getting a bit much now. Think we could saving at least 1k today - but if they are all going up then maybe not worth it.

We're with Green Energy too. I feel quite frustrated because we've been paying over the odds for years (since 2002), paying for the green infrastructure and yet as soon as the fossil fuel prices go up our bills go up. How does that work? I thought we were paying a premium to be part of something different!!!

I agree. Did you get an email yesterday with their new charges?

I'd like to look elsewhere. Trying to persuade DH (as he pays that bill) and likes the thought of pig farts heating the house.

If the energy price guarantee goes up to £3000 for average usage then most people's will go up, if it stays at £2500 then they shouldn't. Are your rates currently being reduced to the epg rates on your bill? There is a maximum discount rate so if your billing company raises rates too high then you may still pay more than the epg rates.

I did get an email, yes. I couldn't face reading it because it was too many words on my phone! I need to remember to look on a larger screen at some point. I got as far as the self-congratulatory bit then gave up!

GE say "The Government Energy Price Guarantee (EPG) - the price above which the average consumer will not be charged, will increase by £500 to £3000. The Energy Bills Support Scheme is also ending this month (March 2023) - this is the £400 programme for eligible households that was paid monthly from October last year.

As a fixed term contract Sparkling falls outside the guidance for the Energy Price Guarantee (EPG) and would no longer qualify for any government assistance after the 1st April."

They then go on to say

How the Government's discount has been applied to your rates

Below we have shown how the new Government discount has been applied to your new tariff rates. For context, we have also shown the estimated savings on your annual spend.

Your 100% renewable electricity rates

Single rate meter no. xxxxxxxxxxxxx
Tariff Rates
Government Discount
Price Guarantee Rate
Unit Rate
(p per kWh)
52.62p
4.89p
47.73p

Standing Charge
(p per day)
47.20p
0.00p
47.20p

What the Government's discount means for your annual, projected spend on electricity
This is based on the above rates and your estimated usage for this meter supply
Projected Spend before Price Guarantee: £2239.69
Projected Spend with Price Guarantee: £2047.85
Difference: £191.84

Your electricity Estimated Annual Consumption for this supply is 3929.3kWh (this uses estimated data)

So do they get government assistance or do they not??

That's confusing with the no longer qualifying bit! If the epg does apply then the discount will be less than before, as I think it's only the difference between the price cap at £3280 and the epg at £3000 (though hopefully remaining at £2500), so a 4.89p discount could well be right.

There is no new epg info I can see on the gov website. Assume they are waiting for the decision/announcement of whether it will be £2500 or £3000.

Thanks, they are not very good at communicating IMO. At the bottom of the email it also gave a ridiculous figure as to what we'd used this month (ie for 8 days) (over £22 per day). DH checked it out and it's incorrect.

Dear God, £22 per day?!! I should hope that's wrong too!