Today's Poll: Should the energy Price Cap be updated every 3mths as it is now, or every 6mths as it used to be? I discussed this with Ofgem's boss last night & said I'd poll on it.
1️⃣ https://poll.blue/p/CzVc5L/1
2️⃣ https://poll.blue/p/CzVc5L/2
3️⃣ https://poll.blue/p/CzVc5L/3
4️⃣ https://poll.blue/p/CzVc5L/4
https://poll.blue/p/CzVc5L/0
1️⃣ https://poll.blue/p/CzVc5L/1
2️⃣ https://poll.blue/p/CzVc5L/2
3️⃣ https://poll.blue/p/CzVc5L/3
4️⃣ https://poll.blue/p/CzVc5L/4
https://poll.blue/p/CzVc5L/0
Comments
Also - on Agile and Tracker we pay today's price today. On the cap you are paying the last three month average for the next three so change now and you pay high Nov/Dec/Jan prices twice.
IMO the price signal is important in affecting consumption. Maybe do it every month. Everything will be smoothed if paying by Direct Debit
How will you know when it has gone as low as it will ever go?
*I'm joking of course (or am I?)
And non-FF derived energy should be sold to the market on a cost+ basis so all energy isn't being bid up to the price of gas.
We need greater regulation of the energy markets.
Ofgem is a toothless organisation.
Decoupling electricity unit prices from gas is the first step in seeing the true reflection in the investment in renewables.
Ideally, nationalise energy companies like the French. People over (record) shareholder profits.