Thumbs up For OVO Energy!

victor2

MemmaJ wrote: »

I THINK I've done it, but have never done this before so would like confirmation that I've done it right, if that's OK..?!

I've just been on my British Gas account online and over the last 6 months I've used 6782 kWh of gas. (I've only been with BG for 6 months, as that's when I moved into this house, so can't get a figure for 12 months). So I've basically overestimated and simply multiplied it by 2, to get a figure for 12 months = 13,564.
Ovo's unit charge for gas is £0.0312 per kWh (excluding VAT), making my 12 month figure 423.20: 444.36 including VAT (which I believe is 5% on utilities, rather than the standard 20%?). This divided by 12 makes my monthly amount £37.03.

My last 6 month usage for electric was 986 kWh. Ovo's unit charge for electric is £0.0876 (excluding VAT). So using the same principle as above, I've worked out that my monthly amount for electric should be £15.12.

This makes a total of £52.15 per month for both utilities.... Kind of a far-cry from £344 per month, wouldn't you say....?

As it happens, multiplying your 6 month usage by 2 does give a realistic view of your annual usage. Done at other times of the year it wouldn't, but you have a fair split of summer & winter usage over the last 6 months. Even when you add the 25% winter loading, it doesn't come near what they are proposing though.

Fairzo wrote: »

Ovo does load it for the winter period and it's quite clear from the information that the Company provides on it's website and, if memory serves me correctly, in the Welcome Pack.

It is indeed in the T&Cs. I guess they don't like you being in debt after winter and would much rather they owe you money after summer.

macman

MemmaJ wrote: »

I THINK I've done it, but have never done this before so would like confirmation that I've done it right, if that's OK..?!

I've just been on my British Gas account online and over the last 6 months I've used 6782 kWh of gas. (I've only been with BG for 6 months, as that's when I moved into this house, so can't get a figure for 12 months). So I've basically overestimated and simply multiplied it by 2, to get a figure for 12 months = 13,564.
Ovo's unit charge for gas is £0.0312 per kWh (excluding VAT), making my 12 month figure 423.20: 444.36 including VAT (which I believe is 5% on utilities, rather than the standard 20%?). This divided by 12 makes my monthly amount £37.03.

My last 6 month usage for electric was 986 kWh. Ovo's unit charge for electric is £0.0876 (excluding VAT). So using the same principle as above, I've worked out that my monthly amount for electric should be £15.12.

This makes a total of £52.15 per month for both utilities.... Kind of a far-cry from £344 per month, wouldn't you say....?

You can't just pro-rata 6m up to 12m in this way. Up to 80% of your gas consumption will be in the 3 coldest months. It depends on the months used-if you've covered about half the period when it would be on, it may not be too far out.

MemmaJ

macman wrote: »

You can't just pro-rata 6m up to 12m in this way. Up to 80% of your gas consumption will be in the 3 coldest months. It depends on the months used-if you've covered about half the period when it would be on, it may not be too far out.

Yes I thought it would be OK because my last 6 months usage have included December and January (possibly I can include November in those 'colder months' too, but I can't remember how cold it was in November to be honest!) - so I've had my heating on a fair amount in that time.

If I was doing this in September for example, where I'd barely had my heating on at all for the last 6 months, then obviously I wouldn't just multiply the last 6 months usage by 2. But having had my heating on quite a lot for 2, possibly 3, months out of that 6 month usage - I thought it would be fairly safe (although I'm aware not TOTALLY accurate)