So we have to increase our electricity prices. This means your energy will cost about £7.88 more each month.
Our electricity day rate will increase from 15.849p to 17.338p per kWh. Our electricity night rate will increase from 8.652p to 9.852p per kWh. And we’re increasing our electricity standing charge from 22.626p to 23.192p per day. These numbers all include VAT.
We'll increase your payments to £107.93 each month
We think you need to increase your payments because they're lower than the cost of the energy you use each month and your account is in debit. This means you’ll go even further into debit over the winter as you use more energy during the colder months.
Based on your historical usage, we think you will use £90.29 of energy each month, but your current payments of £48.15 won’t cover that. Your account was £22.81 in debit at your last statement, and based on your usage you should have £83.03 of credit at this time of year to cover your higher usage during winter.