What percentage has your gas and electric gone up by?

[ImFuminHun]

Outs has increased by nearly 150% overnight.

We just took this as life right now. It's happening to everyone.

However a friend of mine was paying £140 a month then like us, it went up over night but to nearly £700 😱

They have managed, after lots of calls to get it reduced to £150.

I suspect they were paying too much in the first place as there's only two of them.

But it made me think, how much is an acceptable increase at this point?

To work out a percentage

If your bill was 63 now its 104

63 ÷ 104 x 100 gives you the percentage it went up by

So about 60% in this case

But it doesn't actually if by 'bill' you mean the monthly DD figure.

It looks like almost no-one on this thread is talking about the percentage increase in the cost of a unit of gas or electric or the daily standing charge, but the percentage their DD has gone up, which is fairly meaningless and not a reflection in the percentage increase in the cost of their gas and electricity.

To add, for a standard amount of G&E (the price cap figure) a couple of years ago, the price cap was around £1000, but at the time, you could get a fix for about £900 per year.

Now there are no cheap fixes and the least you can pay is the price cap, which by October will be around £3300 per year or a 250%+ increase in around 2 years.

Plus if anyone is fixing now, fixes are even more expensive than the predicted October 22 price cap so they could be facing an increase of over four times in the cost of their gas and electricity, compared with the cost a couple of years ago.

Horrific, especially for anyone on a low income, as it's such a large percentage of what they have coming in.

In extreme circumstances, a pensioner could see that they have almost no money at all left out of their pension, once they have paid their energy bill and their council tax.

Was paying £95 pm on a fixed (and not in debit) now paying £200 and they want to increase it more

30%.

But then I owed some because it was after winter which always gets covered by summer.

I'm now paying £120 a month and using about £50 and standing charge for both is about £20 - so £70 total.

I will imagine needing to put it up again come winter (although the £400 will help) but nowhere near the £256 they've offered me to fix.

Mind you they offered me £179 to fix for the 2 years a few months ago. I don't expect to go over that average even with the increases in October.

Although you are correct most people (me included) just tend to look at the monthly bill as its what comes out the bank account and easier to understand

I spend £500 on mortgage
£130 on energy
£50 on insurance

Etc etc

Ours is insane.
It's suddenly about 200 to 300 a month lately.
We're only in a two up, two down terrace!
It's more than the sodding mortgage payment!!

I was thinking about this,

Since the price increase ours has gone up by about £50 per a month

I was thinking of taking my kids to a bit of a theme park today but decidedly against it partly because I wanted to save the money

The difference was the cost of the day out

British Gas keep suggesting I reduce my gas DD to £15, I'm ignoring them!

@Libertybear80 and @Ohmygoditsgonewrong
If your bill was 63 now its 104

So if it was 63 and went up by 63 it would have gone up by 100%
If it was 63 and went up to 104 it has gone up by 104-63=41
41 as a fraction of the original figure of 63 is 41/63=0.65 so the original bill has gone up by 65%.

82% from £95 a month to a 12 month fix of £115 eon next

Were none of you/did none of you fix your tariffs? Is everyone out here just free balling their utility tariffs all the time?

Most people never fixed anyway. We usually did but our supplier went bust and we got moved to the standard tariff but now we're on a fix that lasts until next February so will insulate us from the worst of the October increase.

As fixes are currently so expensive, currently even more people than usual are on the standard tariff but that's effectively a 6 month fix anyway.

However that doesn't stop your direct debit increasing if you have debt on your account, your usage has increased or your supplier wants you to start paying more towards your higher winter bills.

Fixes only fix the unit rate that you pay, it doesn't guarantee that your direct debit won't change unless it is currently the right amount for your usage which they often aren't.

Mine went up 66% in April (£100 to £166) I did however price fix it... When I compared to 12 months before it was An increase of £100!

Our tariff ended on 30th June and our bills went from £170 to £340 😞. Dread to think what it'll be in October, am quite worried actually.

Hello

I don't doubt your working out and I will confess math was not my strong point at school

But are you sure you are correct

I googled how to work out percentages and attached a screen shot

Putting aside the state of our education system if Google is needed for basic maths your screenshot appears to show how to calculate a %age (sorry if I've misread, it's very small on my phone) not how to work out the %age difference between two numbers which is a totally different thing

You need to divide the difference between the two numbers by the first number to know how much it's increased by.

Hello

Thanks for your reply

That is what I believe I did

I then confirmed what I did with a basic Google search

Banana - That is not 82%. If your figures are correct it is roughly a 20% increase.

Not much, yet, in terms of payments. Our gas payments have doubled! But we’re fortunate we can both a) shoulder or (just) and b) significantly reduce our electric usage in order to off set those costs. We have solar panels and have, this year, neither used our hot tub or our tumble dryer, except for the odd fluff up of towels etc or emergency drying. Our electricity usage is down 96% according to our latest bill! I’m slightly embarrassed at our previous usage/profligacy. I also managed to fix our costs in February to match the current price cap. It was scary/painful at the time but my lord I’m grateful for it now.

I am just here for the maths.

To work out a percentage increase, you need to divide the new number by the previous number.

103/64 = 1.609

The number after the decimal (0.609) is the percentage it has increased by (0.5 is 50%) so 0.609 is 60.9%

If you want to increase a number by a percentage, simply multiply it by (1 + the decimal percentage)

So £64 x 1.609 will increase £64 by 60.9%

The other way is to look at the increase (which is £39) and work out what percentage that is of the original amount (£64) - so it's 39/64 = 0.609

This can be extended for compound interest, depreciation etc over a longer period.

*edit

It helps if I use the correct numbers

104/63 = 1.65 = 65%

@Ohmygoditsgonewrong I taught A-level maths/advanced maths and statistics for over 12 years. Your kids in years 9 (possibly) will put you right.

If something goes up by 50% it goes up by half of the value it started out as.
So if a car goes up by 50% from a starting price of £3000 goes up by 0.5 x £3000 i.e. it goes up by £1500 to a new price of £4,500.

If no one wants to believe what I've written then that's fine by me - you carry on. ;-)

You have worked out what percentage of the old bill compared to the new bill - so yes, £63 is about 60% of £104

As has been pointed out, percentage increase is different.

Say I buy something for £100 and I want to make 10% on it, I will work out 10% of £100 and add it on - so I get £110

I sell it for 10% more than I paid for it.

Same with VAT. An item costs £50. I need to add on VAT which is 20% (£10) so it now costs £60

So as has been pointed out, a bill of £63. If you work out 65% of it (£41) and add it on, it goes to £104. An increase of 65%

The interesting maths is telling someone that an item costs say £160 and ask them to work out what it cost before VAT was added.

So is some of this down to management of the accounts anyway then? If people are submitting monthly meter readings (or using a smart meter) and making sure the direct debit covers the usage, and switching/fixing when their tariff expires then I don't see how so many people are suddenly going from £80 to £350 a month. Up until about last November there were good fixed deals to move to.

Sometimes I wonder if some of the issues are similar to when people complain their car insurance renewal quote is £200 more than last year, even though it's pretty much common knowledge that you have to stay on top of it and (mostly) switch companies every year.