I’ve just had my email about the January increase, and don’t understand where the government / regulators are coming from.
Yet again, the off-peak rate is going up by more than the peak rate. I’m on Economy 7. I thought the focus was about shifting the demand from the daytime when usage is highest to night time when it is lowest. But there is increasingly less value to doing this. I even got batteries fitted to move my winter usage to the night time, but then price caps hit and the off-peak rate has grown much faster. It feels like Ofgem is spitting in my face.
Peak +2%; off-peak +12%.
Gas +8%. How can this be LESS than the off-peak electricity increase?
I note that in the last 20 years, my unit prices have gone up disproportionately. Peak was 2.4 times as expensive, now it is only 1.46 times.
Electric: Peak +490%; Off-peak +808%; Standing charge +609%.
Gas: +492%, standing charge only +258%.