Energy bills to fall again from July under new cap

Scroll to see replies

You think it might get reversed by the next parliament?

It doesn't matter, the observation window for Q3's price cap has already ended, so how much Ofgem lowers the price cap in July has been finalised. You can work out how much it'll be if you're super interested, but it will be made public in the coming weeks.

Reply 21

Quady

Original post by BenRyan99

So what is there to wait and see on?

Reply 22

BenRyan99

Careers Forum Helper

Original post by Quady

So what is there to wait and see on?

For whom?

Reply 23

Quady

Original post by BenRyan99

For whom?

SMEGGY, whom I was quoting and replying to.

Reply 24

BenRyan99

Careers Forum Helper

Original post by Quady

SMEGGY, whom I was quoting and replying to.

You were quoting and replying to my post, so if you would like a proper response you'll have to be clearer with your question.

If your question was about why Ofgem hasn't published its July price cap if the price observation window has already closed, then it's because while the observation window for the futures curve is the wholesale component of the price cap, but other things also need to be calculated like supplier operating costs, EBIT allowance, the direct debit uplift, CfD, the levelisation allowance, VAT, etc, before the price cap is finalised.

But as it happens, the Q3 price cap was published at the end of May anyway, it'll fall 7% on average, equivalent to an average annual drop of £122 to £1,568.

Reply 25

Quady

Original post by BenRyan99

You were quoting and replying to my post, so if you would like a proper response you'll have to be clearer with your question.
If your question was about why Ofgem hasn't published its July price cap if the price observation window has already closed, then it's because while the observation window for the futures curve is the wholesale component of the price cap, but other things also need to be calculated like supplier operating costs, EBIT allowance, the direct debit uplift, CfD, the levelisation allowance, VAT, etc, before the price cap is finalised.
But as it happens, the Q3 price cap was published at the end of May anyway, it'll fall 7% on average, equivalent to an average annual drop of £122 to £1,568.

Post 18 was that of SMEGGY.

I replied to post 18 and quoted SMEGGY in post 19.

You replied to my question directed at SMEGGY with post 20.

I didn't direct post 19 at you, so if you find the subsequent questions confusing it would be helpful if you reacquaint yourself with posts 18 and 19.

My question in post 19 was whether SMEGGY thought the next Parliament would reverse the change the the OFGEM price cap. Can you answer if that is what SMEGGY thinks?