The cheapest Gas and Electric combination

lightSwitch_3

This is for the London area
I've done a spreadsheet of the tariffs charged by 5 companies and have found that buying duel fuel is not the cheapest way.

My results show that the cheapest for

electricity is EDF's online account and for

gas is Npower's online account.

If anybody wants the spread sheet I can email it. It still needs some refining though.

Cardew

That depends of your consumption of course.

For lowish gas users Ebico will be cheaper, as will BG Click 6.

Same with electricty

This is because Ebico has no Tier1 price and BG has a lower number of units charged at the Tier 1 rate.

There is no 'one size fits all solution' I am afraid.

lightSwitch_3

You are correct,

I didn't make it clear but I'm assuming you are using gas to heat up your home.
For ebico to be a cheaper option you need to be using only 2.5 units (10200Kwh) per day. Can't see this happening with a central heating system if you want a warm dwelling. I'm sure a two bed flat will use more than 2.5 units. BG just isn't cheaper in any scenario.

Cardew

According to my figures for London, NPower charge 7.203p for the first 4,572 units and then 2.612p. (Sign on-line 13 Paperless Billing)

So for 15,000 kWh pa, if my arithmetic is correct, NPower costs £602 pa and a £20 discount after 12 months reduces this to £582

Ebico charge 3.77p for all units. So 15,000 kWh will cost £565

Loads of people use 15,000 kWh pa or less – the UK average is 20,500kWh

Also for 15,000 kWh there are 10 cheaper tariffs than NPower including BG Click 6(albeit not by much!)

For Electricity, the average UK consumption is 3,300kWh pa.

For electricity alone BG Click 6 for 3,300kWh(£305) in London(SW1 postcode) is way way cheaper than EDF.

So I am not sure what tariff prices you are using?

lightSwitch_3

I agree that the less you use the cheaper is ebico than the others but at higher usage as in my 4 bed semi ebico will have me out of pocket.
This week my average usage for gas has been 11 and for electricity 13.

If you own a well insulated flat then definitely ebico

Premier_2

What does your spreadsheet show that cannot be obtained from all of the comparison sites, and some of them simply by tabbing from dual fuel to gas and electricity?

KimYeovil

The significant difference caused by different usages, I'd presume.

Tier 2 prices do vary significantly. If one or both of your two fuels is much greater or much lesser than average you will be better off with two single fuel tariffs.

Woby_Tide

lightSwitch wrote: »

You are correct,

I didn't make it clear but I'm assuming you are using gas to heat up your home.
For ebico to be a cheaper option you need to be using only 2.5 units (10200Kwh) per day. Can't see this happening with a central heating system if you want a warm dwelling. I'm sure a two bed flat will use more than 2.5 units. BG just isn't cheaper in any scenario.

We heat a largish 3 bed detached on 10000Kwh a year. It's always warm when we need it, heat water enough for what we use rather than full tanks. This all on a relatively inefficient 15 year old boiler. Once we replace it with something more efficient hopefully should be even less.

Pssst

I agree,just got our bills in from Atlantic (elec £77, Gas £81) and had a visit to Uswitch. Apparently if we only got electric from BG Click it would be cheaper,and we could get our gas from somewhere else also. Lesson is,dont assume dual fuel is the way forward in all cases.

Dont forget-all those lucky folk who have their gas meters outside will enjoy a small bill reduction in this cold weather..

KimYeovil

Note that British Gas is not allowed to compete aggressively with their gas prices so that means they have to make their electricity very cheap to stand a chance. I presume a similar restriction applies to electricity companies on their own turf. So BG for electricity and your native power company for gas is often a good starting point for comparisons.

jscalow

lightSwitch wrote: »

You are correct,

I didn't make it clear but I'm assuming you are using gas to heat up your home.
For ebico to be a cheaper option you need to be using only 2.5 units (10200Kwh) per day. Can't see this happening with a central heating system if you want a warm dwelling. I'm sure a two bed flat will use more than 2.5 units. BG just isn't cheaper in any scenario.

2.5 units of gas a day !!!! Jesus I only use 4 a week at the moment, I hope they have a big house/family.