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Have the unit rates and standing charges been published for October price cap, or just the average cost?

  • 5 September 2022
  • 14 replies
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Have the rates been published for October (P/KWh and Standing Charges - not just the average cap?) I’m sure I saw them on the website at one point but I can’t see them now. IIRC electrickery is going to be someting like 50p /KWh? Just trying to get my direct debit more or less correct.

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Best answer by Emmanuelle_OVO 22 September 2022, 15:57

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The new rates are likely to be these.  Suppliers are given a little wiggle room within the maximum levels.  DD from October for 3 months .

    VAT inc   VAT inc
Electricity   Maximum standing Charge per day £'s   Maximum charge per kWh if maximum standing charge applied £'s
North West   0.4326   0.5132
Northern   0.4993   0.5009
Yorkshire   0.4955   0.5088
Northern Scotland    0.5107   0.5092
Southern   0.4441   0.5207
Southern Scotland   0.5066   0.5161
N Wales and Mersey   0.4860   0.5383
London   0.3316   0.5365
South East   0.4268   0.5316
Eastern   0.3894   0.5291
East Midlands   0.4577   0.5087
Midlands   0.4915   0.5157
Southern Western   0.5264   0.5171
South Wales   0.4917   0.5182
         
         
GAS   Maximum standing Charge per day £'s   Maximum charge per kWh if maximum standing charge applied £'s
North West   0.2849   0.1475
Northern   0.2849   0.1463
Yorkshire   0.2849   0.1467
Northern Scotland    0.2849   0.1470
Southern   0.2849   0.1488
Southern Scotland   0.2849   0.1470
N Wales and Mersey   0.2849   0.1477
London   0.2849   0.1494
South East   0.2849   0.1472
Eastern   0.2849   0.1474
East Midlands   0.2849   0.1466
Midlands   0.2849   0.1476
Southern Western   0.2849   0.1485
South Wales   0.2849   0.1482

Thanks - really helpful.

I’d better cancel my Holiday to Clacton - piggy bank will be empty

@meldrewreborn @Richard1066 

Very helpful thank you.

So that's approx 80% increase which I kind of expected, but what I didn't expect was for my DD to go from £74 to £180 pm to cover the increase, I'm not great at maths but that's a way more than 80% increase per month!?

Userlevel 7
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You have to bear in mind that the Direct Debit is meant to see you through a whole year, not just three months. OVO might be setting it higher now to help you build up some extra credit for reasons like expected usage being higher than previously predicted, or to help with the upcoming price caps in both October and January.

@Blastoise186 totally understand that but when I ask on chat for a yearly prediction they are not very forthcoming with their reply, last time I asked when moved over from SSE they quoted over 5000kwh/pa when the last 3 years I've never used more than 2300kwh/pa. I live on my own in a 1 bed flat.

They put people's DD's up before they've released the new price rises so how can they predict that I am going to be nearly £780 short after putting my DD up from £74 to £120 plus I'm £170 in credit.....

 

Userlevel 4

Hey @Richard1066,

 

Welcome to the OVO Online Community.

 

The prices you’re paying for your energy may be changing in October. For all the up to date advice, see this page dedicated to the Energy Price Guarantee. We’ll keep that page updated with any changes as and when.

 

If you pay by Direct Debit, we’d recommend you leave this unchanged until any price changes have been made in October. That way you know you’re paying the right amount. 

 

If you don’t have a smart meter that sends us your readings remotely every day, we’d recommend you submit a manual meter reading this week or next via your online account.  

 

We’ve also got a page with FAQs dedicated to the Energy Bills Support Scheme.

And OVO’s Customer Support Package: everything you need to know

 

Hope this helps 

As I understand it, in London, the cap will be:

 

Electric 38.66p per kWh Gas 11.31p per kWh

Standing charge 38.49 electric and 33.54  Gas per day

 

Hopefully you will publish exact rates very soon - the price cap “averages” are not helpful.

 

Userlevel 4

Hey @Richard1066,

 

Thank you for your question. 

 

We’ll be in touch with all of our customers affected by the Energy Price Guarantee with information about how this will affect them. 

 

For the time being, the advice remains:

 

For all the up to date advice, see this page dedicated to the Energy Price Guarantee. We’ll keep that page updated with any changes as and when.

 

If you pay by Direct Debit, we’d recommend you leave this unchanged until any price changes have been made in October. That way you know you’re paying the right amount. 

 

If you don’t have a smart meter that sends us your readings remotely every day, we’d recommend you submit a manual meter reading this week or next via your online account.  

 

We’ve also got a page with FAQs dedicated to the Energy Bills Support Scheme.

And OVO’s Customer Support Package: everything you need to know

 

Hope this helps. 

Userlevel 2

I've just received an email from OVO this morning. The latest unit prices quoted for Economy 7 tariff in the South West Area from October 1st are:

Standing Charge: 52.73p

Day rate: 39.68p

Night rate: 19.05p

 

The Night rate has actually reduced from a previous: 20.07p

Andrew are those VAT Inc or VAT ex?

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This table from EDF (take a bow) sets out their charges.  Other suppliers will be very similar.

government_energy_price_guarantee_prices._standard_variable_deemed_and_welcome._credit_meters.pdf (edfenergy.com)

 

Userlevel 2

Andrew are those VAT Inc or VAT ex?

They are inclusive of VAT at 5%.

Badge +2

Come on Ovo, publish the tariff as I believe you are required to do under your “Duty to Supply” obligation set by OFGEM.  Saying you will be writing to customers in the coming weeks is not good enough.

If people do not hear their details before 1 Oct I hope they complain to OFGEM, I might well consider it.

Userlevel 7
Badge +1

Come on Ovo, publish the tariff as I believe you are required to do under your “Duty to Supply” obligation set by OFGEM.  Saying you will be writing to customers in the coming weeks is not good enough.

If people do not hear their details before 1 Oct I hope they complain to OFGEM, I might well consider it.

Vote for this

 

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