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As I mentioned in another thread, we have a business electricity cost that went up to 65p kWh, from 35p kWh, on the 1st October.
However, the business energy price cap is meant to kick in on the same day, which caps it at 21p kWh.
So why have Bulb increased my direct debit by 90%, when by rights my bills should be coming down?
I contacted Bulb but got no response.
Does anyone know how this works?
Discount is on the wholesale cost so guessing bulb are adding non-energy costs ontop?
Is it even being paid? Noticed that EV charging prices haven't reduced.
Discount is on the wholesale cost so guessing bulb are adding non-energy costs ontop?
So it's a bit of a joke and pretty useless. Sounds like profiteering to me.
Luckily we don't use a lot of energy so it's not a massive problem for us.
God help the cafes, pubs, bakers etc.
From what I understand most energy suppliers are scrambling to actually understand what is required of them and how to apply it to all their different business customers, its not a very thought through government policy...
its not a very thought through government policy…
What a ****ing surprise.
Standing charges aren't capped so energy companies are able to set them however they like. If you're a low power consumer (the standing charge has always been the majority of my bill most years) you may see a larger percentage rise than a bigger consumer would.
One of the thing they're using the standing charge for is recouping all the costs of  being supplier of last resort when they took over from the companies that fell over last year
But look at the bill, not the DD, the DD is set on the basis of a guess of what you'll use and with all the changes in tariffs and caps and new governent programmes its bound to be a bad guess.
However, the business energy price cap is meant to kick in on the same day, which caps it at 21p kWh.
Should be about 34p delivered.
Yep, i'm told cap will be about 34p delivered but there is also a maximum discount available (presumably to stop any temptation to milk the system) This maximum discount has been reduced by the government from initially 40.5p/kwh down to 34.5p/kwh.
21p figure was always seen as confusing and misleading.