Electrical Meter Standing Charges

[SteamyTea]

So today we have a new price cap announced for energy prices.

I am not interested in that too much.

But one bit in the new about it mentioned the £3bn that is owed to the energy companies though bad debt.

That is about £100/house.

My standing charge has gone from 29p/day in June 2022 to 70p/day this month.

A 39p/day increase, So over the last two years (almost) I have probably paid an extra £250 to help the EDF collect, or not, other peoples bad debt of £100.

(expletive deleted)ing thieves.

 

To make it worse, the average price, once capped, has been around £2,500/year.

So over the last 2 years (almost) the bad debt to the energy companies has been about 2%.

I would have thought that was a normal commercial risk when dealing with domestic energy.

 

I have no idea how they hood winked the government, but they certainly have.  Someone from OFGEN needs to buy a calculator and do some very basic arithmetic, or better still, do a mathematics GCSE while they sit in prison.

 

Edited May 24 by SteamyTea

[saveasteading]

1 minute ago, SteamyTea said:

That is about £100/house.

I'm £300 in credit after reclaiming £500. The interest rate is ok.