Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
The spreadsheet moun linked clearly shows a cap for kwh and a cap for nil kwh, the latter been the SC. They can go below the cap for each but not above. One of the reasons ofgem quoting average user bills is so misleading to consumers.
Octopus quoted me a massive unit rate for their 12m contract which is way above the cap, but because its not a SVR, its not subject to the cap, thats why they could do it.
The problem is that the spreadsheet that works this out doesn't actually calculate unit costs or standing charges. It simply works out what the annual costs are assuming typical use and annual fixed costs.
Yes those figures would be divided by 12 for monthly. The KwH on that spreadsheet I am guessing is based on average usage. On another part of ofgems website, the unit rate is presented. Martin of MSE also got hold of it.
I could be wrong of course, but I be surprised if its how jpaul said.
So for the electric divided by 12 and also by 3100 units. Based on that last spreadsheet you posted.
It's just surprising it wouldn't be presented anywhere by Ofgem. Not even in the excel model they use to work it out which is clearly not intended for the wider public but for people actually in the industry.
Hence my complaints to them, I dont know what they playing at with the presentation, I think its way too confusing what they doing.
EDF Energy is increasing Standing Charge in April from 26p to 41.75p. Electricity day rate: 21.69 p per kWh to Day rate: 48.92p. That's almost double on day rate and standing charge! From £51 a month to £160 a month! I can't afford that, that'll kill me and I don't use GAS . Gas profits up by 44%, they've made billions in profit already!!
QUESTION
My Tarrif runs out in April, do I look to switch in April to another provider?
Other than most here, it's not just my standing charge going up but so is my DAY charge as I'm on economy 7. 26p - 48 for Standing / 23p to 52p for Day usage!
My Tarrif runs out in April, do I look to switch in April to another provider?
Other than most here, it's not just my standing charge going up but so is my DAY charge as I'm on economy 7. 26p - 48 for Standing / 23p to 52p for Day usage!
I've switched to Octopus Energy for £71 a month...
I'm sorry but paying EDF Energy at £160 a month from £51 for someone living on there own in a one bedroom place, paying double on both Standing Charge and Night charge is disgusting!
I'm sorry but paying EDF Energy at £160 a month from £51 for someone living on there own in a one bedroom place, paying double on both Standing Charge and Night charge is disgusting!
How much electricity do you use annually at day rate and night rate?
Electricity day unit rate: 21.69p per kWh
Electricity night unit rate: 4.85p per kWh
Daily standing charge: 24.59p per day
Annual consumption (based on estimates) Day: 1,132 kWh
Night: 6,488 kWh
As of April with EDF
Electricity unit day rate: 48.92 pence
Electricity unit night rate: 20.46 pence
Daily standing charge
Electricity standing charge: 41.75 pence per day
=This calculation tells us your estimated annual electricity cost is £1,906.96.
Your estimated annual electricity cost?
£1,906.96
Hence switching to Octupus, I've been with EDF for 10 years!
( Most of the electric goes into the Storage heaters, they are terrible, but there's no gas available in the country )
Electricity night unit rate: 4.85p per kWh
Daily standing charge: 24.59p per day
Annual consumption (based on estimates) Day: 1,132 kWh
Night: 6,488 kWh
As of April with EDF
Electricity unit day rate: 48.92 pence
Electricity unit night rate: 20.46 pence
Daily standing charge
Electricity standing charge: 41.75 pence per day
=This calculation tells us your estimated annual electricity cost is £1,906.96.
Your estimated annual electricity cost?
£1,906.96
Hence switching to Octupus, I've been with EDF for 10 years!
( Most of the electric goes into the Storage heaters, they are terrible, but there's no gas available in the country )
Surprising.
I've just done an Economy 7 quote with Octopus for my postcode and your usage, it comes out at £183.18/month.
Although my Annual usage is an estimate, what I noticed compared to Octopus is the standing charge is so much lower
Daily standing charge Question mark icon 24.12p /day
Unit rate (day) Question mark icon 41.2p /kWh
Unit rate (night) Question mark icon 23.96p /kWh
These rates may go much higher by April, So I put in a fixed rate NOW and signed up just incase
The estimate is based on your actual usage so will be pretty close.
365 x 24.12p = £88.04
1132 x 41.2p = £466.38
6488 x 23.96p = £1,554.53
Total £2,108.95 or £175.75/month.
I'm struggling to see how £71/month is going to cover you based on your usage. Fixed deals will be higher that the variable rate, not less than half of it.
Why on earth do you use so much electricity. Especially at night.
This is also a one bedroom place?
Storage Heaters click on at night, I also have my computer on at night... Although I'd say Storage Heaters
One bedroom Bungalow