We have heard from many purchasers right now who’re involved about power regulatory Ofgem elevating the Vitality Value Cap by £96, and questioning what it means for his or her payments.
Let me begin by saying this: we set our costs under the value cap.
Ever since its introduction in 2019 our customary costs have been set effectively under this Authorities mandated most, and now we have no intention to cross this improve on to our clients.
A part of the reasoning for the rise is to preemptively improve costs to cowl buyer money owed as a result of Covid-19 pandemic. Once more, we don’t assume that is honest to clients, and haven’t any plans to observe swimsuit.
Since our early days, we’ve made it clear we worth our power pretty for all clients – we take the price of the power we provide to you and add a small margin to cowl the prices of operating our enterprise. That’s simply as true right now because it was after we first set out.
To be clear – we frequently evaluate costs, and improve or lower them as our prices (comparable to wholesale power buying and selling), change. We are going to modify costs if and when mandatory however we’ll proceed to carry off on elevating costs for so long as we will, and proceed to cross on cuts as swiftly as potential.
Greg, our founder and CEO, spoke to BBC Breakfast this morning about precisely this subject – you may catch his interview right here.
(And simply lastly, in case you have family and friends who’re nonetheless paying price-cap degree power payments, there’s by no means been a greater time to share your private hyperlink and cut up £100 credit score with anybody who indicators up with it (you could find it in your on-line account.)
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