Want to save money on electricity!

Hi

I'm looking at ways of saving money on my electricity bills but saying that I'm not sure if what I am paying is a reasonable amount or if I'm paying too much. I'm currently with isupply energy on the ivariable plan and pay around £71 a month on my electricity bill. I live in a ground floor studio flat that has 3 rooms. One main living area, kitchen and bathroom. I only have electricity and no gas and have an Economy 7 meter. My electricity prices are due to increase by £20 in April making my bills now £91 a month. I've not been very good at keeping track of my electricity usage and bills in the past but want to change that now. My electricity usage has been only estimated in the past as I failed to keep up with providing regular meter readings. As a result, my worry is that I am paying too much for what I actually use. I am now providing isupply with regular meter readings (once a week) but the last two meter readings have come back as not consistent with previous meter readings, which may proof that the estimated meter readings were way off. I've gone and bought a plug-in energenie energy saving power meter so I can now see what any appliance in my flat uses in KWh and the cost.

I really want to change electricity provider to get the cheapest deal but they are asking for a day and night electricity usage as the most acurate way to find out what my usages are. Could someone help me out with what I need to do to get this information. I can find out what my appliances use in KWh per day. I am making up a list of what appliance uses in energy costs but it's confusing in the fact that these are not the same usages all year round. Sometimes I may use more electricity one week and less the next or not use my heating so much in the summer. What day usage do I actually give?

Any help would be greatly appreciated. Thanks

Joanna

Comments

  • CashStrapped
    CashStrapped Posts: 1,294 Forumite
    First Post First Anniversary Combo Breaker
    edited 22 February 2018 at 7:45PM
    Look back through your bill history and write down any meter readings that have a C or A next to them. These usually mean Confirmed or Actual rather than been estimated.

    Write them all down, and the dates they were taken and post them here. We can help you work out your annual use.

    From these figures we can also calculate your annual day/night use and , for an E7 flat, the all important night use %.

    The night use % is how much of your annual electricity use is during E7 hours.

    You want this to be above 50% at least.


    If you can't find these figures you can use an approximation.

    A three bedroom flat is larger than most, so your annual use maybe in the region of 8000kwh.

    If we assume a night use percentage of 55%, this means you would use

    4400kwh at night

    3600kwh Day.

    That is a good starting point for comparison.

    Edit:

    You do say that your current Direct Debit is about 71 a month. This is pretty low, so do not be afraid of using a lower figure in a comparison site.

    If we assume a lower annual figure of 5000kwh with a 55% night use you would get:

    2750kwh night
    2250kwh day


    --

    ----

    But, working out your own figures is the better option. Your use could be a lot higher, or lower. The same with your night use %.

    ---

    Good luck!
  • Hi Thanks for your reply, which was helpful. I've looked through previous bills and most are estimated readings but some had C (Customers Own Reads) and A (Actual Reads) next to the meter reading but not many. Here is what I've found relating to those two readings.

    11/08/2016 - 51666.6 (Day) C = Customers Own Read
    11/08/2016 - 52683.6 (Night) C = Customers Own Read
    28/03/2017 - 55479 (Day) A = Actual Reads
    28/03/2017 - 54520 (Night) A = Actual Reads
    18/09/2017 - 56991 (Day) C = Customers Own Read
    18/09/2017 - 55901 (Night) C = Customers Own Read


    On the latest bill there is a Q = (Reading Modified Manually by Data) next to the meter readings I gave myself in early February. Not sure what this means?


    Hope this information helps. Thank you
  • CashStrapped
    CashStrapped Posts: 1,294 Forumite
    First Post First Anniversary Combo Breaker
    edited 24 February 2018 at 5:42PM
    OK, so looking at the early reading from 11/08/16 to 18/09/17 is a good indicator of use. This is nearly a years worth/

    Day use = 56991 - 51666 = 5325kwh

    Night = 55901 -52683 = 3218kwh

    Total use = 8543kwh

    That is for 13 months, so we can deduct a month off both.


    Day: 5325/13 x 12 = 4915kwh

    Night:3218/13 x 12 = 2970kwh

    Total annual use approx = 7885kwh

    Your day night split is poor - to calculate this we take the total annual use (7885) and the night use total (2970) and work out what percentage the total is at night.

    2970/7885 = 0.376 or 38%

    So you only use 38% of your total use on the cheaper rate. This should be above 50% at least.


    As the majority of your annual use is comprised of heating (water and space heat) you should be able to increase your night use.

    Do you use the storage heaters? Are you heating the hot water tank at night?

    Are you supplementing the storage heaters with portable heaters which use the expensive day rate?

    In terms of your overall use of 7885kwh. That sounds normal as an annual total. It was right on my guess with my original post.

    What you need to work out is why your split is so bad.

    Also use those figures in a comparison site to get an idea as to how good your tariff is.


    As a final important point check your energy company has recorded the night and day use the correct way round!

    If they have it wrong, they are charging night use for day and vice versa.

    You need to boil a kettle, then check which meter number is moving. Then check that that number corresponds to the correct meter readings on the bill!

    It is a long shot, but worth checking as 38% is pretty low night use for an E7 flat.

    If you flip the day and night round, your night use would be 62%. This sounds more correct for a night use %. So do check it!

  • The night use % is how much of your annual electricity use is during E7 hours.

    You want this to be above 50% at least.

    2970/7885 = 0.376 or 38%

    So you only use 38% of your total use on the cheaper rate. This should be above 50% at least.

    Please show us how you have calculated that the OP needs to use more than 50% night units?

    What iSupply iVariable standard/day/night tariff rates did you use to reach this conclusion?

    Tariffs vary by energy company and the region but please give an example tariff where you need to use more than 50% night units to benefit from E7 for typical usage?
  • CashStrapped
    CashStrapped Posts: 1,294 Forumite
    First Post First Anniversary Combo Breaker
    edited 26 February 2018 at 2:34PM
    That is just a general guide and quite logical....

    Heating (hot water and space heating) often accounts for 60% of an annual bill.

    If you have an E7 property which uses heating (hot water and space heating) at night then that should translate into a similar % split of an annual total.

    Normally there are variables that can affect that figure (lifestyle choices) but, it stands to reason that the majority of your annual use in an E7 property should be done at night. The majority being....over 50% .

    So at a minimum, with a standard E7 set-up, being over 50% on your night use is a good indicator that you are using the set-up correctly. Below that figure suggests there is room for improvement or that there is something else amiss.

    With any E7 tariff the night rate is always cheaper than the day rate. So in any instance, ensuring as much of your heavy load use (within reason) is at night, makes perfect sense.

    So, for an E7 set-up the higher the night use % (as a % of your overall use) the better.

    ---

    The main aim of the post was to help the OP calculate her annual use, and explain the percentage split. I also asked further questions to fully determine their set-up.

    So, until we get those answers, my post was focused on the figures.


    But......to indulge your query....

    I compared three sets of figures.....using an annual use of 8000kwh. One with a 30% split, a 50% split and a 60% split.

    the cheapest tariff with a 30% split cost £953

    the cheapest tariff with a 50% split cost £863

    The cheapest tariff with a 60% split cost £724


    Now, it may be that the OPs lifestyle means that she can't get his/her night use over 38%, so they should choose whatever tariff is best for that.

    But, that was not the point I was making.

    I was stating that where possible, to make best use of an E7 system, the night use % as a proportion of your overall use, should be as high as you can achieve. Above 50% is a good indicator that you are using the system as intended and getting the most out of it (for the reasons I stated above).
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