With the price cap (lets be honest just hikes) in the UK…how do you not end up paying the price cap regardless of consumption? It seems like whatever you use you’ll end up paying a ridiculous sum near the £4200 or whatever number they’ve picked today.
Say I use 15000kwH a year (honestly just pulling numbers out my ass) and that reached the cap, but my neighbour uses double that, would they still just pay up to the cap or beyond that because they’ve used that power?
My brain is scrambled on this!
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The price cap isn’t actually a price cap – it’s a price per unit cap. The standing charge and KWH prices are what’s capped. The more you use the more you pay. Any annual price figures represent how much someone on typical usage would pay – but if you used more than “typical usage” then you would pay more.
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