You're not a typical family though, which is the point. The typical "family" is a household of 2.4 people using an average of 242kwh of electric a month and 1000kwh of gas. At current prices that equates to about a payment of £206 a month. A one bedroom house or flat with 1 to 2 people is estimated on average to use 150kwh a month electric and 666kwh on gas, which equates to £141. Even at pre Oct prices its £113 so for you to have a monthly bill of £81 means your usage is abnormally low and not representative of the vast majority of people.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
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You're not a typical family though, which is the point. The typical "family" is a household of 2.4 people using an average of 242kwh of electric a month and 1000kwh of gas. At current prices that equates to about a payment of £206 a month. A one bedroom house or flat with 1 to 2 people is estimated on average to use 150kwh a month electric and 666kwh on gas, which equates to £141. Even at pre Oct prices its £113 so for you to have a monthly bill of £81 means your usage is abnormally low and not representative of the vast majority of people.
Same provider for me and they discount it directly off your monthly bill
Soldato
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Well it appears the current wholesale price is at or under the £211/MWh cap.
From my understanding is, we’re due credit if for example the wholesale price is £411/MWh, then a £0.20/KWh credit is due (difference to wholesale / government cap)
The new deemed rates are all above £1.20/KWh so I guess we have to wait for the wholesale price to move up before we see any credit
Things should sort out. I had an outstanding action with them to move me to SVT and change to Variable DD. This was finally actioned yesterday and today I can see they have billed me at the previous fixed tariff till the 6th and credited the account with £66.
The final checks are that they now take the credit from next month instead of DD and hopefully, in the coming days, the IHD updates with the new SVT tariff costs.
Octopus just gave me my first £66 credit off my balance.
Realised though i'm on a split tariff which averages to the new cap over 24 hours but is higher in the day at £0.4111/kwh when almost all usage is. Need to contact them to get into a single tariff.
Realised though i'm on a split tariff which averages to the new cap over 24 hours but is higher in the day at £0.4111/kwh when almost all usage is. Need to contact them to get into a single tariff.
Why not try and off set some energy usage? Before we got the EV, even running the dishwasher, washer, tumble dryer made it a little cheaper to be on split - now, it’s really a no brainier!
Your mileage may vary and it depends if you have delay timers on your appliances.
Also a tough one is our biggest expense in kWh is now cooking…. And we are not going to wait until 1am to eat!
Caporegime
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EDF gave us our first £66 too.
Soldato
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Nope.
The £211/ mwh is the wholesale price. We have around £0.08 per kwh of additional costs on top of that but could be more for a small business.
Plus the max discounts is £405 / mhw, or £0.405 per kwh.
The unsubsidised price we were seeing from our advisor is around £0.75 pre rebate, and hence we are expecting £0.35 / kwh or so Q4.
Thats for a very high usage company.
Also the scheme was too late and many companies are nowhere close to passing on the business reduction, most should expect to see it on Novembers bills is what we were told.
Anyone receiving a bill of £0.65 / kwh (approx) or more should expect to see £0.405 per unit cut off basically.
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Soldato
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Yeah Octopus gave me my £66 as well and finally billed me for my gas.
Surprised to see a daily graph by 30 min intervals for my elec usage on the bill. Highlights nicely the peaks when things like oven are switched on.
Surprised to see a daily graph by 30 min intervals for my elec usage on the bill. Highlights nicely the peaks when things like oven are switched on.
Nothing you've said disagrees with what I posted.
Sadly the washer and dryer are in the garage directly below the bedroom so that's not a possibility - dishwasher does actually get switched on when we go to bed around 10/11PM, however it's hard wired into a socket on the wall so no way to get it onto a timer easily.
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Soldato
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So I guess our unit price will go down from £1.30 to at lowest £0.90 .. not exactly a bargain but better than nothing!
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What on earth, my new rate with flexible octopus is now 33.7p/kWh.
That is a heck of a lot lower than I was expecting. That genuinely makes me think the government is helping too much. The system of subsidising the unit price to this degree obscures the true cost, and people will continue to consume too much.
That is a heck of a lot lower than I was expecting. That genuinely makes me think the government is helping too much. The system of subsidising the unit price to this degree obscures the true cost, and people will continue to consume too much.
No graphs on my bills, can see the usage graphs on my account though. Can definitely see where oven usage is.
Soldato
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Well apart from what you put didn't explain anything useful just a couple of unconnected points.
I thought maybe it would help to actually know how it worked and the impact it would have.
Soldato
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Yes that would be my expectation. The wholesale price is around £0.65-£0.7 a unit right now so your going to get £0.4 off that basically.
The £1.3 seems pretty high, that would assume a very high margin.
Its always possible that our advisor is wrong on the wholesale element, but we deffo pay around £0.08 per unit on top of wholesale, we get a list of about 10 items that bridge wholesale to what we pay.
Associate
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I have to agree, I've just used the updated unit prices and standing charges and if my energy usage is the same as this time last year (I.e. Oct-Nov 2021) then my new bill be £70.78, or basically I've just been given £380.
Soldato
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Probably because I am now on go. Looking back my last bill didn't have the split.
Assume they do the graph to avoid any questions in regard billing split on unit costs.
Soldato
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True in a way, we are getting a massive rebate.
Its probably why Rishis plan was better (
) but the give us more free money crowd didnt like his targeted approach.We will all pay for it eventually and I would suggest if you consider 33.7p as them helping too much your probably a decent earner and will pay plenty of tax in future