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Which raises the question of whether it's worth getting a fixed rate now. I understand there are no fixed rates below the current cap, but my supplier is offering one at the cap.Richard Frost wrote: ↑Sat Feb 26 2022 10:34amMy guess would be that they need to make some money to recoup what they are losing on the gas they are buying at high prices and then having to sell at a lower price because of the OFCOM price cap. One thing is for certain it has not yet reached its peak.
https://www.gov.uk/government/publicati ... ear-legacyCosts are currently around £3 billion annually. Approximately two-thirds is met by the government and the remainder from revenue earned through the NDA’s commercial activities. This includes contracts with UK and overseas customers for the reprocessing and management of spent nuclear fuels.
https://www.moneysavingexpert.com/news/ ... me-to-fix/"Lots of people have been asking me why the standing charge is going up by so much, so I asked the regulator Ofgem, which said it reflects the big increases in fixed charges, which are being put into the standing charge. So, for example, about half the cost of moving people whose supplier went bust to suppliers of last resort is going into the standing charge.
"There are fixed network costs, there are policy increases in the cost of the green levy (so the cost of supplying green energy even if you don't have green energy yourself) and the cost of the Warm Home Discount. So when you see the letter from your energy company, and you see the massive rise in the standing charge, that's because the price cap standing charge for electricity has gone up so much.
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