E-Niro 64kWh '4' since 9/20 (was Prius)
It is outrageously high, but It’s not Octopus to blame on this. It’s Ofgem who have enforced the higher standing charges (across all energy vendors). Supposedly to help cover the extreme high admin costs of multiple failed companies and their customers enforced transfers.Standing charge of 48p/day is outrageously high. I don't think it should have doubled, even if per kWh costs have.
Yet ironically, it’s the existance of the Ofgem fixed price cap that literally caused so many of the companies to fail. They were effectively forced to sell energy to retail at lower than the actual buy in costs. These had suddenly soared to unprecedented highs. Whilst the price cap may seem to be protecting customers, It’s unsustainable in these strange and volatile times. Peter