all new Phil wrote: ↑Wed 28 Sep, 2022 21.42
It’s been explained terribly which, given the huge sums of money involved, is absolutely terrible politics.
Or is it just me not paying enough attention? I don’t know.
No, you're right. The headlines about "capped at £2,500" are meaningless to most people as that's all based on an average household's consumption.
For everyone on their supplier's Standard Variable Rate (which most people have reverted to), your prices from 1st October will be a set unit rate per kWh and a set daily standing charge per fuel type. Even then, these vary depending on how you pay (direct debit, prepayment or if you get a bill after consumption).
Easiest thing to do is use the new calculator on MoneySavingExpert
, which lets you input your own consumption (should be shown on your bill) OR what you currently pay (but that might be less accurate).
These rates are meant to be in place until end of September 2024. As for how you'll get the £400 discount for this winter, the link thegeek posted earlier is useful on that.
(Edited as I got some numbers wrong).