Please can you help me with two tier pricing?

cambermam

Hi,

I've just moved into a new house and the current supplier is EON.

I rang them to let them know I've moved in but declined the credit check and said I won't be staying with them, so I'm on their standard tariff until I get switched.

The prices I was quoted on the phone are

Electric: First 900Kwh = 24.2p then it goes down to 11.9p
Gas: First 2680Kwh = 8.5p then it goes down to 3.7p

My opening meter reading for Electric was 00270 and after 14 days I took a reading and it was 00434.

This means I used 164Kwh in 14 days so does this mean 164 x 24.2p = £39.68?

I suspect that can't be right but I'm not sure how it works so wondered if someone could help me please?

[Deleted User]

Hi,there are some very helpful and knowledgeable people on this forum who helped me with the same sort of question.they will not be all priced at the high tier 1 price,.some will be at the tier 2 low price.Think I will leave it to Spiro if he s posting tonight for the proper answer!

molerat

Your tier 1 price will be calculated daily so you will pay for 900/365 = 2.5 kWh of electricity and 2680/365 = 7.3 kWh of gas each day at the higher price providing you use above the relevant break point in each billing period.

cambermam

Brilliant - thank you.

This takes my original estimate from approx £40 to now approx £24 (for 14 days). That sounds more like it!

Daren't work out the gas, sounds too confusing with m3 and calorific values etc :-/

I've registered on imeasure, does anyone know what kwh cost i should put in as it doesn't seem to support 2 tier pricing.

molerat

Does it have a daily standing charge column, if so use tier 1 price - tier 2 price x tier 1 annual units / 365 as the standing charge and use tier 2 as the unit price.

macman

cambermam wrote: »

Brilliant - thank you.

This takes my original estimate from approx £40 to now approx £24 (for 14 days). That sounds more like it!

Daren't work out the gas, sounds too confusing with m3 and calorific values etc :-/

I've registered on imeasure, does anyone know what kwh cost i should put in as it doesn't seem to support 2 tier pricing.

Don't worry about the calorific value factor, it makes only the most fractional difference. Just do the relevant volume to kWh conversion.