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🧵Thread on the #PriceCap as today's projections got worse, yet again. Many households face energy bills this winter 4x last winter, with many still in debt from last winter. Yet @ilkehomes we are creating homes with ZERO energy bills in partnership with @OctopusEnergy 1/15
I've found two main sources for price cap projections who regularly update their forecasts - @CornwallInsight and #Auxilione (on LinkedIn). Both have updated this week to reflect OFGEM rule changes which increased bills further this winter: 2/15
The "price cap" isn't a cap, OFGEM limits unit rates (p/kWh) and standing charges on default tariffs. So if you use more energy, you will see a higher bill. This chart adds the #Auxilione projected rates with high usage (75% - green line) and low usage (25% - blue line). 3/15
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