Ofgem likes to bury price cap unit and standing charge rates so here they are for you. From 1 October the national averages are, ⚡26.35p/kWh, 53.68p/day –up from 25.37p/kWh and 51.37p/kWh 🔥6.29p/kWh, 34.03p/day –down from 6.33p/kWh / up from 29.82p/day Rates by region below 🧵
A fair chunk of the standing charge rises is down to changes to the Warm Homes discount, which is £150 off bills if you're on Pension Credit, or on Universal Credit with a ‘high cost to heat’. The ‘high cost to heat’ eligibility criteria is being removed, so all six million households on...
Pension Credit or Universal Credit will get the £150 off their bills, at a cost of £15 to all other bill-payers. Progressive... I guess? But typical of this government to have –immediately destroyed goodwill from voters by pulling winter fuel payments within weeks of coming to power
–increased the Universal Credit standard allowance for first time in forever –but immediately destroying any goodwill that would have brought with their punitive PIP changes –*increase* the number of people recieving the WHD but doing it so quietly no-one noticed.
If you're still following this the upshot is: –if you're on Pension Credit you get a £150 "Warm Up Discount" paid for by other bill-payers –if on UC you'll now get £150 WHD too –pensioners also get either £200 or £300 if born before 22 September 1945 (but note this nonsense 👇) paid by tax-payers
–but it's taken back off you if your income is over £35,000, apparently by HMRC changing your tax code. What an absolute mess 🤦.
So the Price Cap is £79 less than in October to December 2023. General Inflation has probably been around 10% over the same period 🤔
5% since 2023, 25% since 2021
But according to some "politicians" increasing prices are all down to Net Zero. Don't let the facts get in the way of a good lie.