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Cost of living

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how do I predict my bills from April?

7 replies

silvercurls · 06/09/2022 17:17

My fixed deal with Eon finishes 1st April 2023, My charges now are:
electricity 16.83 p/kWh 23.51 p/day
gas 2.99 p/kWh 26.07 p/day
I pay direct debit £65 dual Fuel
Can someone help me figure out how much I might be paying next april after the caps have come into force please?
many thanks

OP posts:
Hugasauras · 06/09/2022 17:35

I'd just wait - looks likely there will be an announcement this week, probably to freeze prices. So no need to worry unnecessarily.

Hugasauras · 06/09/2022 17:37

But if you do want the pain:

www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/

There's a calculator here

Hugasauras · 06/09/2022 17:41

Link needs an extra - at the end. My phone is playing up

silvercurls · 06/09/2022 17:42

Hugasauras thanks so much, I'm in a panic, but hopefully, as you say, a plan from the gov could come along.

OP posts:
JudithHarper · 06/09/2022 17:49

Find your bill that covers last April and use the new cost per kWh.

silvercurls · 06/09/2022 18:00

JudithHarper Thank you, good thinking...

OP posts:
BarbaraofSeville · 06/09/2022 19:35

JudithHarper · 06/09/2022 17:49

Find your bill that covers last April and use the new cost per kWh.

But what about all the other months?

I'm assuming that what the OP is asking is how much should she expect her direct debit to go up by when her fix finishes in April. For that she needs to know her annual usage of each fuel. This will be on her bill.

However, it's probably a moot point if the expected announcement of the 2 year £2500 price freeze comes, but looking at those unit costs, my guess would be around £150-170, assuming that the direct debit of £65 is representative of her average monthly usage and there's no significant debt or credit on the account.

While that number might be rather alarming, it's considerably less terrifying than the £300+ that it would be if the price cap was allowed to rise in October, January and possibly April according to the current rules without government intervention.

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