Economy 7 removal of meter

Premier_2

Nicky321 wrote: »

sorry, my 4017 is for 6 months, jan - july
postal area WN4

Ah! You really should be looking at annual usage as consumption profiles vary over the year (but perhaps not so important as you have gas)

I can't find the rates you suggest though. What is your current tariff called? What is your proposed single rate tariff called?

From energyhelpline.com. the best (and closest) tariff seems to be their SOL19

For single rate this is:
16.674p for the first 182 kWh per quarter, and 8.820p thereafter
Direct Debit discount of £42 per year.
Assuming your annual usage suggested by nPower, this would cost £709 per year.

For E7 on the equivilent tariff (and assuming 20% night usage):
18.669p for the first 182 kWh per quarter, and 10.017p thereafter
4.767p
Direct Debit discount of £42 per year.
Giving an annual cost of £726

Resulting in a saving of less than 3% by moving to a single rate compared to your cost today on E7 equivilent tariff.

Nicky321

Premier wrote: »

Ah! You really should be looking at annual usage as consumption profiles vary over the year (but perhaps not so important as you have gas)

I can't find the rates you suggest though. What is your current tariff called? What is your proposed single rate tariff called?

From energyhelpline.com. the best (and closest) tariff seems to be their SOL19

For single rate this is:
16.674p for the first 182 kWh per quarter, and 8.820p thereafter
Direct Debit discount of £42 per year.
Assuming your annual usage suggested by nPower, this would cost £709 per year.

For E7 on the equivilent tariff (and assuming 20% night usage):
18.669p for the first 182 kWh per quarter, and 10.017p thereafter
4.767p
Direct Debit discount of £42 per year.
Giving an annual cost of £726

Resulting in a saving of less than 3% by moving to a single rate compared to your cost today on E7 equivilent tariff.

SOL16 my figures are as stated on my bill
4.890p/night rate
12.270p/day rate
SOL16 as on my dads bill
8.5901p/unit

Premier_2

Nicky321 wrote: »

SOL16 my figures are as stated on my bill
4.890p/night rate
12.270p/day rate
SOL16 as on my dads bill
8.5901p/unit

Oh, I see. It's an old tariff. The rates you quote are correct for that tariff, but they exclude VAT

The complete rates are:

Single rate:
standing charge: 14.38p per day (£52.50 per year)
Unit charge: 9.020p
Direct Debit discount of £21 per year

This represents an annual cost of £741 per year based on assumed annual usage

E7:
standing charge: 21.29p per day (£77.70 per year)
Unit charge: 12.884p (day)
Unit charge: 5.135p (night)
Direct Debit discount of £21 per year

This represents an annual cost of £948 per year based on assumed annual usage and 20% night time usage

This means a saving of £207 per year, representing a saving of about 22%. Not quite the third (just over a fifth) you were hoping for, but still a good saving.

(However, this tariff is no longer available and you could have changed to SOL19 on E7 for just £726 a year or at single rate for just £709 per year)


Edit: I haven't taken into account any dual fuel discounts you may also get

[Deleted User]

Hi,

(4017 units) @ 8.5901p/unit would be £344.28 inc VAT

have you allowed for primary units in your calculation?

Nicky321

Ive not quite got the hang of this switchin lark yet. And I wasnt sure if i could only switch after a year (wasnt sure if there was a tie in period). But ive been on the comparison sites and will be switchin as soon as my meter is switched

Premier_2

You only need to use the switch process (like what the comparison sites offer) if you are changing supplier.

If you just wish to change tariff, you can do that direct with your supplier and it should happen immediately instead of the typical 4-6 weeks required for a supplier switch (assuming you have an appropriate type of meter)

Nicky321

Premier wrote: »

You only need to use the switch process (like what the comparison sites offer) if you are changing supplier.

If you just wish to change tariff, you can do that direct with your supplier and it should happen immediately instead of the typical 4-6 weeks required for a supplier switch (assuming you have an appropriate type of meter)

so you can switch tariffs but stay with same supplier (may involve costs, eg cancellation fees) as many times as you wish?