Which price is more realistic?

freeman3030

Hi all, first time buyer here. I've been looking online budgeting for our electric bills and I can't figure out what price is more realistic.

The flat we're in the process of buying is 2 bedroom, ground floor about 35 years old. Has electric night storage heaters - so imagine it has an economy 7 electric meter. It also has an electric hob and oven. It has double glazing (not sure about insulated walls) and gets plenty of sun throughout the day as the main rooms are south facing.

We're a working couple, cook at home most evenings, probably medium electric users.

Money supermarket & Compare The Market comparison sites suggest an annual electric bill between £398 - £463.

Uswitch & Confused.com on the other hand have much larger figures ranging between £796 - £816 per year.

Can anyone give us an idea of which figure is more realistic. Many thanks!

lstar337

Our 2 bed flat is like £150 a month during winter, about £70 a month during summer.

It is an old building with not very good insulation though.

I would say the first figures are very low for annual costs.

Joyful

Even the second amount can be a conservative figure for Electric heating.

macman

freeman3030 wrote: »

Hi all, first time buyer here. I've been looking online budgeting for our electric bills and I can't figure out what price is more realistic.

The flat we're in the process of buying is 2 bedroom, ground floor about 35 years old. Has electric night storage heaters - so imagine it has an economy 7 electric meter. It also has an electric hob and oven. It has double glazing (not sure about insulated walls) and gets plenty of sun throughout the day as the main rooms are south facing.

We're a working couple, cook at home most evenings, probably medium electric users.

Money supermarket & Compare The Market comparison sites suggest an annual electric bill between £398 - £463.

Uswitch & Confused.com on the other hand have much larger figures ranging between £796 - £816 per year.

Can anyone give us an idea of which figure is more realistic. Many thanks!

Since the cost differential will be around 250-300%, it might be an idea to check rather than 'imagine' it's E7. The NSH's could have been disconnected, so don't assume.

good_advice

Hello, I would think you are looking more at £1,000 a year for gas and electric.
Spring is a good time to buy as you will not be using the heating.Come the Autumn though, beware! Heating costs a lot of money.

Ecodave

Have you considered reading the EPC?

paulmapp8306

Define medium electric users.

I consider it normal to have a phone or two charging, two TVs and a laptop on. My daughter things thats Low, because theres no tabs/DS/Games machines, DVD player etc and theres 4 of us in the house so we should have 4 TVs. My mum thinks its high because she doesnt use a mobile, or a computer and has a single TV.

The only way to know is to actually measure your usage.

FWIW, my heating is Gas (and my shower is run from the tank not an electric shower) so your bills are probably going to be higher than my Electic bills despite me being in a larger house (though lower than my combined Gas/Elec). Thay may be on par because of the items we have on (due to there being 4 of us) and my electric is around £80/month - so nearer £1000/year.

Wywth

freeman3030 wrote: »

Hi all, first time buyer here. I've been looking online budgeting for our electric bills and I can't figure out what price is more realistic.

The flat we're in the process of buying is 2 bedroom, ground floor about 35 years old. Has electric night storage heaters - so imagine it has an economy 7 electric meter. It also has an electric hob and oven. It has double glazing (not sure about insulated walls) and gets plenty of sun throughout the day as the main rooms are south facing.

We're a working couple, cook at home most evenings, probably medium electric users.

Money supermarket & Compare The Market comparison sites suggest an annual electric bill between £398 - £463.

Uswitch & Confused.com on the other hand have much larger figures ranging between £796 - £816 per year.

Can anyone give us an idea of which figure is more realistic. Many thanks!

Ask the seller what their average bills are