Can I really save £263/year by switching to EDF Energy?

KimYeovil

You implied on the other thread that you could save £400 by changing from a two-tier tariff to one with a daily standing charge whereas there was only a £25 difference in the figures you supplied. Being £375 out on the arithmetic suggests that you are more than slightly confused (if not by the tariffs then by not posting an appropriate example for the relevant thread.)

davethorp

Online s@ver V5 is a new product also and so may well be cheaper. It's certainly cheaper than the online s@ver v4 which we've just switched to and are locked in until end of year now :mad::mad::mad::mad:

JennyR68

KimYeovil wrote: »

You implied on the other thread t0hat you could save £400 by changing from a two-tier tariff to one with a daily standing charge whereas there was only a £25 difference in the figures you supplied. Being £375 out on the arithmetic suggests that you are more than slightly confused (if not by the tariffs then by not posting an appropriate example for the relevant thread.)

No I think you may be the slightly confused. At no time did I mention my kwh consumption only the tarrif costs involved. Where your £25 comes from I don't know.

uswitch gives my current kwh usage as £1657.61 with B.G

EDF - £1191.94

Saving £465.66

KimYeovil

JennyR68 wrote: »

No I think you may be the slightly confused. At no time did I mention my kwh consumption only the tarrif costs involved. Where your £25 comes from I don't know.

uswitch gives my current kwh usage as £1657.61 with B.G

EDF - £1191.94

Saving £465.66

No, I am not confused.

JennyR68 wrote: »

I am on a no standing charge tariff with British Gas at the moment. The first 500kw per annum are charged at Tier 1 which equates to the first unit I use each day costing over 30p or if average along with tier 2 taken, 10p per unit.

I'm moving to a standing charge tariff with EDF of 20.39p per day and units of 7.46p, averages around 7.8p per unit.

I'm looking to save over £400 a year on the standing charge tariff.

500kWh per year at 20p extra is £100.
365 days at 20.39p per day is £74.42

I make that a difference of £25 in the charges that are accountable to the standing charge elements (the focus of Shaggy's enquiry.)

Chrysalis

I dont trust the comparison sites.

I find the fact they quote annual savings instead of just showing you side by side unit prices wrong.

Also I have never had this explained.

If I enter my current supplier details, british gas are the cheapest and I supposedbly save £30 a year, it guess's this saving. If I check the unit price it lists for my tariff it is wrong (too high).

If I enter the tariff from british gas it reccomends in the above comparison as my current tariff it then tells me to to back to atlantic and shows another atlantic tariff, funny enough cheaper than the one it uses if current supplier.

So it seems to change its mind as to always have a cheaper alternative for you.

JennyR68

KimYeovil wrote: »

No, I am not confused.



500kWh per year at 20p extra is £100.
365 days at 20.39p per day is £74.42

I make that a difference of £25 in the charges that are accountable to the standing charge elements (the focus of Shaggy's enquiry.)

Ah see were your coming from now, sorry, hadn't broken it down that far myself. Whether I'm on SC or NSC makes no difference to me as long as at end of day it's the cheapest option.

Tgough to be honest I thought Shaggy was asking us to agree/disagree on never winning with a standing charge. I disagreed, i'm winning. So not seeing problem myself.

Premier_2

JennyR68 wrote: »

I am not in the slightest confused by it, what a cheek. ....

So please explain:

JennyR68 wrote: »

I am on a no standing charge tariff with British Gas at the moment. The first 500kw per annum are charged at Tier 1 which equates to the first unit I use each day costing over 30p or if average along with tier 2 taken, 10p per unit.

I'm moving to a standing charge tariff with EDF of 20.39p per day and units of 7.46p, averages around 7.8p per unit.

I'm looking to save over £400 a year on the standing charge tariff.

JennyR68 wrote: »

Tier 1 = 500 units at 24.041 p per kwh

500 units at 24.041 p per kwh = £120.20 per annum

£120.20 per annum = 33p per day

500 units = 1.36 units per day = 32.7p per day

is there something wrong with arithmetic?

:rolleyes:

What's more you may have done your maths but they don't add up

You see, based on "20.39p per day and units of 7.46p, averages around 7.8p per unit", that implies you use about 60kWh per day or 21900kWh per year. That would cost almost £1700 with EDF.

Yet you claim it only costs £1653 with BG at an average unit cost of 10p per unit, that means you only use about 16530kWh per year (or about 45kWh per day)

Premier_2

Chrysalis wrote: »

I dont trust the comparison sites.

I find the fact they quote annual savings instead of just showing you side by side unit prices wrong.

Also I have never had this explained.

If I enter my current supplier details, british gas are the cheapest and I supposedbly save £30 a year, it guess's this saving. If I check the unit price it lists for my tariff it is wrong (too high).

If I enter the tariff from british gas it reccomends in the above comparison as my current tariff it then tells me to to back to atlantic and shows another atlantic tariff, funny enough cheaper than the one it uses if current supplier.

So it seems to change its mind as to always have a cheaper alternative for you.

Give us the data you are inputting and state the comparison site, and I'll take a look for you

The comparison sites don't guess anything (as long as you input your annual usage in kWh), they calculate the results from the data input combined with the tariff data of all the comparative suppliers.

There's no point just displaying comparative unit prices - it's the overall cost including any surcharges/discounts that is important.

I always recommend checking at least a couple of comparison sites to ensure consistent results to avoid any one possibly having the wrong tariff data inputted. (although this is very rare)

The details that make up the overall cost, including unit costs and discounts etc, are usually available by clicking on the tariff on the comparison site.

MakingEndsMeetToo

I'm currently with EDf on an older tariff which expires soon. I'm thinking of changing to this new tariff as it comes up top on all the comparison sites, BUT it seems to be Internet only. Has anyone experience switching tariffs with an existing supplier in this situation?

Thanks.

JennyR68

Grrr just wrote a huge reply and got logged out before it posted.