4.055p to 7.344p that is 82% ??? that can not be right
Yeah that’s inline with my increase. Your standing charging likely only went up about 1p though right, which is about 4%.
Electricity charges at the price cap are going up by about 36% and electricity standing charges increasing by around 82%. Overall for a dual-fuel customer (paying by direct debit) it equates to a 54% rise, which is the figure you see quoted in the media.
Wholesale prices have quadrupled in the past year, we’ve written more about the increase on our blog.
Ofgem have also written about the increases and new price cap on their website
Let me know if you have any more questions