EDF & Nectar parting company

savetilibleed

I had the letter WRT ending Nectar and offer of Discount Plan v4. We are on standard Econony 7 but don't have storage heaters, but use the night period to heat our water mainly.

So I looked at the current tarrif and this 'Discount' plan.

We used 1901 night units and 3434 day units in the last year for which we have quarterly bills.

Current
Band A=21.26p (first 1000KWh/year)=0.2126*1000=£212.6
Band B=13.03p=.1303*(3434-1000)=0.1303*2434=£317.15
Night=5.10p=0.0510*1901=£96.95
Total = £212.6+317.15+96.95=£626.7 inc vat

'Discount v4'
Band A=20.30p (first 900KWh/year)=0.203*900=£182.70
Band B=12.44p=0.1244*(3434-900)=0.1244*2534=£315.22
Night=4.87p=0.0487*1901=£92.58
Total = £182.70+315.22+92.58=£590.5 inc Vat

Then I looked at 'Online Saver Version 8'
Fixed daily charge =22.67p=0.2267*365=£82.74/year
Day=11.89p=0.1189*3434=£408.30
Night=4.66p=0.0466*1901=£88.58
Total = £82.74+408.30+88.58=£579.63 inc VAT

Based on this the 'Discount' is cheaper by a decent bit and the 'Online' by a tiny bit more. And this year's bills are bound to be higher anyway as the heating is on such a lot, even during the night when we just turn it down to 15 deg C.

Can anyone see anything wrong with my arithmetic please, or how I have transferred info from the tarrifs

Standard tariff

Energy Discount Plan Version 4 tariff

Online Saver Version 8 tariff

Begize

I'm also an Eco 20:20 customer and got the letter with the "special" offer of a discounted rate.... Did know about the Nectar points finishing as there's been a page on the EDF website for the last three months I think. I got redirected there last time I entered a meter reading. I think I might refuse to do the readings because they nearly always send someone out as well anyway!

I'll have a look at their online tarrifs although I expect that will mean a meter change back to a single rate and having to take time off. I'll have to see how much we'd save as Eco 20:20 has saved us a packet - EDF thought there was something wrong with the meter after the first quarter because our "normal" use was so low.

Interesting about BG offering Nectar though - shame they are no where near being cheapest.