Energy Price Cap Calculator
Forbes Advisor UK have created a new “energy price cap calculator” tool below which looks at how much you may have been overpaying at each instance of a price cap announcement and impacts those on a Standard Variable Tariff (SVT).
Whilst this only impacts those on standard variable tariffs (which from 2018 figures is significant, roughly 54% of consumers), you can use the calculator to work out what you’ve been missing out on:
Here, if I moved to the cheapest available tariff in April 2021, and if I were on an SVT, I’d have saved £279:
Forbes Advisor states this is based on the following assumption:
- * annual saving if a customer with average consumption on a dual-fuel default tariff priced at the level of the cap moved to the cheapest available tariff at the time