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Help: Setting energy monitor rate

jon4100
jon4100 Posts: 7 Forumite
edited 26 November 2009 at 3:21PM in Energy
Hi all. I need help on setting the rate (pence per KWh ) on my electricity energy monitor. :confused:

I am on Eon’s Fixonline V3 the tariff and the rate is 24.234 pence for the first 900 KWh per annum, Then 10.2585 pence per kWh. (Prices include VAT)



I also get the following discounts.
  • 6.00 % Direct Debit Discount
  • 2.00 % Dual Fuel Direct Debit Discount
  • 11.80 % Online Discount
Last year electricity consumption was 2,760 KWh

I have got an Energy elite wireless electricity monitor. I can only set one rate for the way my tariff works.(Different Kwh price rates) so need average rate. Currently got it set at 0.17 pence per KWh

You can only set tariff 2 for set night rate for tariffs like Economy 7

Any help would be grateful from all you Mathematicians out there.:j

Comments

  • Bark01
    Bark01 Posts: 892 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    I make it 11.88221 p/kWH

    Band A = 900 units* 24.234p = £218.106
    Band B = 1860 units * 10.2585 = £190.8081

    Total Energy Bill = £408.9141

    Total Discounts = 19.8% = £80.96499

    Total Bill = £327.9491

    Average units = £327.9491 / 2760 units = 11.88221p

    I probably should of applied some rounding at some point but hey it should be close enough.

    Didn't realise energy monitors didn't allow for bands, thats rubbish!!!
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    http://forums.moneysavingexpert.com/showthread.html?t=2106749

    Don't forget to adjust unit prices with discounts if you want to
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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