Posted 16 November 2023
Cornwall Insight - Predicted Energy Price Cap Jan-March 2024 - Forecasting 5% Increase
Cornwall Insight latest predicted Standing Charge/Unit Costs forecasts along with current price cap.
cornwall-insight.com/pre…ap/
Oct-Dec 23 (current price cap)
SC (£/day): Elec-0.53, Gas-0.30
UC (p/kWh): Elec-27.00, Gas-7.00
Jan-Mar 24
SC (£/day): Elec-0.53, Gas-0.30
UC (p/kWh): Elec-28.69, Gas-7.42
Apr-Jun 24
SC (£/day): Elec-0.61, Gas-0.30
UC (p/kWh): Elec-26.57, Gas-7.00
Jul- Sept 24
SC (£/day): Elec-0.60, Gas-0.30
UC (p/kWh): Elec-25.59, Gas-7.01
Oct -Dec 24
SC (£/day): Elec-0.61, Gas-0.30
UC (p/kWh): Elec-26.69 Gas-7.06
"The high increase in electricity standing charges is primarily due to the ongoing reform of network charges, which has shifted more of the charges from per unit to per day, meaning that customers will incur such costs regardless of their actual consumption."
Ofgem will review the standing charges.
ofgem.gov.uk/pub…lls
cornwall-insight.com/pre…ap/
Oct-Dec 23 (current price cap)
SC (£/day): Elec-0.53, Gas-0.30
UC (p/kWh): Elec-27.00, Gas-7.00
Jan-Mar 24
SC (£/day): Elec-0.53, Gas-0.30
UC (p/kWh): Elec-28.69, Gas-7.42
Apr-Jun 24
SC (£/day): Elec-0.61, Gas-0.30
UC (p/kWh): Elec-26.57, Gas-7.00
Jul- Sept 24
SC (£/day): Elec-0.60, Gas-0.30
UC (p/kWh): Elec-25.59, Gas-7.01
Oct -Dec 24
SC (£/day): Elec-0.61, Gas-0.30
UC (p/kWh): Elec-26.69 Gas-7.06
"The high increase in electricity standing charges is primarily due to the ongoing reform of network charges, which has shifted more of the charges from per unit to per day, meaning that customers will incur such costs regardless of their actual consumption."
Ofgem will review the standing charges.
ofgem.gov.uk/pub…lls
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