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How much for a two bed flat with electric storage heaters

seabass
seabass Posts: 72 Forumite
I am trying to put a budget together for utility bills for a flat I am looking at. The flat is all electric, i.e. storage heaters and electric oven, so no gas.

It is probably about medium sized rooms. It has a dishwasher too and it would just be me living in it.

How much would this cost approximately per month for electric and water?

Thanks
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Comments

  • lynni_2
    lynni_2 Posts: 145 Forumite
    Water would come under your council tax/water rates - depending what kind of area it is, im sure you can go onto the council website and put the postcode in to get what band of council tax you will be. I'd say around £50 a month for electricity maybe a little more in this weather :)
  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi seabass - How long is a piece of string? On the assumption that this 2 bed flat has 5 storage radiators and a well insulated hotwater tank fed by an ECO 7 meter, you will be looking at power bills of around £1200 a year (£100 a month).

    Be aware that with ECO7 the power you use during the day costs a lot more than that from a 'Standard' meter, so the Dishwasher is best run only overnight so it uses the cheaper Night rate electricity.

    As you are just 'looking' at the moment, a flat with gas heating would be much healthier for your wallet
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    dogshome wrote: »
    ...
    Be aware that with ECO7 the power you use during the day costs a lot more than that from a 'Standard' meter, ....

    I knew you'd post that comment again. You always do and I keep telling you whenever I spot it how misleading it is.

    It may typically cost about 10% more but can on occassions be much less difference than that.

    Even at 10% difference, with a dishwasher using less than 0.75kWh per cycle, the difference would equate to about a penny per cycle.

    I do agree however to maximising the advantage of the cheap rate as that typically provides savings of 50-70% over the normal/day rate.
    "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
  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi Premier - Don't like crossing swords with you as I have great respect for your detailed knowledge of the industry, and I know from previous posts that you make ECO7 work for you.

    However, my son lives in a 2 bed flat in the Eastern Region as I do and I monitor his ECO7 bills
    My Standard meter - EDF V6
    Daily Standing charge £75 a year
    Units 7.07p
    Son's ECO7 meter - E.on V5
    900 Prime Units 25.79p ( Annual cost over the unit price £107 )
    Balance Units 13.85p
    Night Units 4.45p

    His bills run to £1,170 a year and as you can see, his Daytime power costs 96% more than that delivered by my Standard meter

    Different regions have different tariffs and haveing weeded out the Industry dogs, he's on the best I can find for this area, who are you with to get that differential of just 10% ?
  • grahamc2003
    grahamc2003 Posts: 1,771 Forumite
    edited 9 December 2010 at 8:59AM
    dogshome wrote: »
    Hi Premier - Don't like crossing swords with you as I have great respect for your detailed knowledge of the industry, and I know from previous posts that you make ECO7 work for you.

    However, my son lives in a 2 bed flat in the Eastern Region as I do and I monitor his ECO7 bills
    My Standard meter - EDF V6
    Daily Standing charge £75 a year
    Units 7.07p
    Son's ECO7 meter - E.on V5
    900 Prime Units 25.79p ( Annual cost over the unit price £107 )
    Balance Units 13.85p
    Night Units 4.45p

    His bills run to £1,170 a year and as you can see, his Daytime power costs 96% more than that delivered by my Standard meter

    Different regions have different tariffs and haveing weeded out the Industry dogs, he's on the best I can find for this area, who are you with to get that differential of just 10% ?

    Are you certain your son is on the best tariff?. The daily rate seems extremely high to me.
    In Seeboard's area, the newly increased British gas prices for me are (all inc vat)
    Night 4.37p
    1st 720 Day pa (Tier 1) 24p (extra £106pa over unit price)
    Rest Day (Tier 2) 9.27

    I dount any other non-e7 day tariff in seeboard's area is much cheaper than what I am paying (and remember these are prices which rose yeasterday, the day rate by 10%!).

    Although E7 is quite expensive per unit relative to gas, once you take into account the maintenance (and worry) of gas CH, the differential becomes much less and, if you're unlucky with your gas boiler, probably negative.
  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi grahanc2003 - Fair comment on the tariff prices and WHOOPS I forgot to include the discount structures - which is particularly important with Eon's tariffs

    My EDF tariff has a 6% discount whilst my sons Eon ECO7 has a whopping 23.5%, but this still leaves Eon's ECO7 Day units costing 59% more than mine, whilst the service charge costs 17% more - All this results in an annual cost for a 2 bed flat, that is more than I pay to heat & light a 3 bed semi with oil fired heating

    The differential is actually worse than the figures show as the ECO7 tariff dates from last April, whilst my Standard tariff was introduced last month.
    There was a long article in last week-ends Sunday Times or Telegraph, exploring Fossil Fuels and Green Issues which conlcuded that by 2030 everyone would have to heat their homes with electricity - Lord Save US
  • seabass wrote: »
    I am trying to put a budget together for utility bills for a flat I am looking at. The flat is all electric, i.e. storage heaters and electric oven, so no gas.

    It is probably about medium sized rooms. It has a dishwasher too and it would just be me living in it.

    How much would this cost approximately per month for electric and water?

    Thanks
    It depends on your provider, I would think. Equipower are non-profit so you only pay for the electricity you use, no standing charges or anything. My former flat was all electric with storage heaters. It was a 2 bedroom and I was sharing. The first couple of years we were charged around £28 a month. Flatmate left, I sent a meter reading and it went up to £35-39 a month. Now they're trying to backcharge me £52 a month. This was Swalec, who also own Scottish and Southern and Atlantic. My advice? Get a prepayment meter put in and switch to Equipower. Then you know what you're paying. Hope this helps.
  • Can you switch provider even on pre-pay (rented)?
  • Can you switch provider even on pre-pay (rented)?

    Provided there isn't a prevention clause in your tenancy agreement there is nothing to stop you switching so long as you have no debt on your meter
  • Cheers, had my first bill for £277 (2 months) which I disputed and wanted the pre-pay to make sure. Since came to £187 which got added to the meter, so no changing for me for now.
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