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Original poster

Help me understand energy bill please

8 replies

Decafflatteplease · 26/04/2022 10:31

Right I'm trying to get my head around these new energy prices and it's hard to figure out so thought MN could help me please!

Currently pay £125 on a fixed rate for both and that runs out in July. When I ring them to ask what the new prices will be they say they will send info nearer the time that our fixes rate runs out 🙄

So for march just gone we used 1047 of gas at 3.22kwh costing approx £60. Electric was 297 at 16.27p so approx £48.

In December just gone so the depths of winter the gas usage was 3120 and electric was 390 so both higher than march obviously but gas is alot higher.

How do I convert this to find out what we will be paying when our tarrif ends? So if our current gas rate is 3.22p and electric is 16.27p what can I expect to pay does anyone have an average? I'm expecting double tbh.

Also trying to figure out how much our tumble dryer costs I can only find the average usage per year? We use it for pants wipes and socks all year round and uniform in autumn and winter.

We also have the type of boiler system where you have to put the hot water and heating manually on. So in winter we have them both on for.an hour or so in the morning, an hour at lunch if the children are home, then probably about 4 hours at least in the evening say 4pm-8pm. Now it's summer we have no heating on and hot water for an hour in the morning for daytime dishes etc, hour in the evening for kids baths then if I want a bath or DH it's another hour later on. One tank of hot water fills one bath (little ones share older ones have separate shower)

Uurgh this is so confusing!

All advice appreciated thanks!

OP posts:

Original poster

Decafflatteplease · 26/04/2022 10:35

Also when our fix ends are we best to fix again or go on variable rate?

DH thinks fix before prices get higher again?

OP posts:

ShanghaiDiva · 26/04/2022 10:41

your standing charge will probably increase too

emmathedilemma · 26/04/2022 10:48

if you know your current usage and unit rates then multiple those together and add on 365 times the daily standing charge to get your annual bill. Then I'd use the current "non fixed" rates and standing charge in the same way with your current usage to estimate what your new charges might be.
My elec standing charge is now practically double what is was but the unit rate barely increased, whereas my gas standing charge barely increased but the unit rate shot up

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anniegun · 26/04/2022 10:48

The current capped prices are as follows:
Gas 7p per Kwh and 45p standing charge per day
Electricity is 28p per Kwh and 27p per day standing charges
Fixed deals are really expensive at the moment so unlikely to be attractive

AwkwardPaws27 · 26/04/2022 10:50

The average SVR rates can be found here:

www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you

Just multiply by your usage and add the daily standing charges.

It does vary a bit regionally but should give you a ballpark figure.

You can go on any price comparison site, input your usage and see what fixes are available. Whether they'll still be available in July is another matter. Your current provider may have a better value existing customer only fix - some providers have offered these to existing customers when their fixes ended - which will be higher than current SVR but possibly better rates than after the next SVR hike in October.

AwkwardPaws27 · 26/04/2022 10:51

The average SVR rates can be found here:

www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you

Just multiply by your usage and add the daily standing charges.

It does vary a bit regionally but should give you a ballpark figure.

BarbaraofSeville · 26/04/2022 10:52

Sadly it will be quite likely to be more than double.

Currently you will be best doing nothing and going onto the SVR, but look nearer the time. The market is so volatile right now and over the last few weeks, fixes changed every few days.

The SVR gas rate is around 7-8 p per unit and around 27/28 p for electricity. But the daily standing charges have also increased.quite a bit. So you're looking at an increase of maybe double to 2.5 times more.

For the socks, pants and wipes could you get a couple of socktopus and hang them up? I put them on the curtain rails so they're out of the way.

www.ikea.com/gb/en/p/pressa-hanging-dryer-16-clothes-pegs-turquoise-10421217/

Lottie4 · 26/04/2022 10:56

Have a look at your statements - sometimes my supplier states what my average annual usage is. Then if you calculate it with the above capped price (which may vary slightly), hopefully that'll give you an idea.

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