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Units vs Standing Charge

StinkerPinker Posts: 145 Forumite

19 October 2013 at 1:49PM in Energy

Hi,

Thought I would highlight a small calculation I've just done. I switched (gas only) from BG online variable feb 14 to npower 4 year fix product a couple of days ago.

npower's standing charge is much higher per day, but the unit price is slightly lower, so I wanted to find the crossover point where the saving on units matched the loss on standing charge.

It turned out I would need to burn exactly 6 metric units of gas to reach parity. More than that and I am saving money on my new tariff; less than that and I am losing money.

However, using the post-rise tariff figures from BG, that parity point will drop to just over 2 metric units of gas per day. I think I used less that that on just one day this summer, so I'm pleased. I will be saving most days and be protected until march 2017. No brainer!

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Units vs Standing Charge

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