Energy prices - think i'm paying over the odds

arcon5

So looking at saving some ££ on gas & electricity (pre-pay). We are on a BG std tariff.

Current:
1.82/week standing charge (26p per day)
13.21/kwh

Don't know usage, but we spend about £30 per month electricity.

So £30 - £7.80/month standing charge = £22.20 usage. Divided by cost/kwh = 168kwh/month usage.

So looking at a quote by First Utility.
18.69 per day + 11.49p per kwh

Therefore
168*11.49p = £19.30
+ standing charge p/m of £5.60
= £24.90 - saving about a fiver for electricity alone.


Or am I missing something in my calculations?

Nada666

No, you are not missing things. (Although make sure prices used are both including VAT).

You can always just use a comparison site, though, like energyhelpline or uswitch so that you do not need to make individual calculations.

[Deleted User]

arcon5 wrote: »

So looking at saving some ££ on gas & electricity (pre-pay). We are on a BG std tariff.

Current:
1.82/week standing charge (26p per day)
13.21/kwh

Don't know usage, but we spend about £30 per month electricity.

So £30 - £7.80/month standing charge = £22.20 usage. Divided by cost/kwh = 168kwh/month usage.

So looking at a quote by First Utility.
18.69 per day + 11.49p per kwh

Therefore
168*11.49p = £19.30
+ standing charge p/m of £5.60
= £24.90 - saving about a fiver for electricity alone.


Or am I missing something in my calculations?

as a low user you are better off with the lowest cost per kWh combined with a reasonable daily charge

Nada666

168 kWh per month (on a dual fuel household) is not a specially low consumption.

yangptangkipperbang

Nada666 wrote: »

168 kWh per month (on a dual fuel household) is not a specially low consumption.

It is less than half the average UK domestic consumption (4,600 kWh) - I would call that low.....................

Bluebirdman_of_Alcathays

yangptangkipperbang wrote: »

It is less than half the average UK domestic consumption (4,600 kWh) - I would call that low.....................

The UK average is 3,200 KWh. 4,600 is for 2 rate meters, the OP has stated they have gas.

https://www.ofgem.gov.uk/sites/default/files/docs/decisions/tdcv_decision_letter_final_2.pdf