Energy bills are made up of a number of costs
They include:
⚡ Wholesale costs
🔌 Network costs
🌳 Social and environmental obligations
🏭 Supplier costs and margin
💷 Taxes, like VAT
For more ⬇️
ow.ly/6AnY50RTIqXpic.twitter.com/i5iSA1YL2l
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Ofgem
ofgem
New Price Cap average direct debit unit rates for energy:
ELECTRICITY
Unit rate: 22.36p per kWh
Standing charge: 60.12p per day
GAS
Unit rate: 5.48p per kWh
Standing charge: 31.41p per day
⬇️
ow.ly/SQ9l50RTI56pic.twitter.com/kmW8q6AtwS
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Martin Lewis
MartinSLewis
Lots of people saying "please do something about lowering the energy standing charges" So let me reassure you...
- You will hear me push hard on it in every interview I've done today (and almost every time I talk energy bills) to keep the pressure on.
- I've raised it with Ofgem…
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Martin Lewis
MartinSLewis
Tomorrow the new energy Price Cap for July's announced. It’s likely DOWN 7%ish. Yet predicted to go UP 4% in Oct, up 1% in Jan. So should you look at fixing? (Spoiler: yes)
Clip from ‘BBC the Martin Lewis Podcast’ (listen for full info) pic.twitter.com/DUAmtde5ea