Personal Projections

bellevueace

I have been with the same energy supplier for a long time now but due to costings its now time to change, I have found a deal where I can save a considerable amount yearly but this is based on my personal projections from my last bill. I know this is only an estimate but is it a figure you can actually use as a guideline when comparing? Usage does fluctuate so I would think using a projection figure is about as close as you can get, my usage does not seem to vary very much, what do others tend to do? Thanks.

matelodave

I read my own meter and make my own assumptions about my consumption as I know what I use. You should be able to tell from your last twelve months consumption how much you've consumed and you can use that.

I have a bit of a problem with my energy co as my "personal projection" is all over the place because I use 75% of my energy in the winter so they seem to wind up my projection assuming that I'll use the same throughout the year. In the summer it drops down so they readajust it too far downwards so it seeswas all over the place. My previous supplier used to try and wind the DD up and down as well

Dont rely on them, use your own estimations based on what you've use

dogshome

"Personal Projections" shown on a suppliers bill are not worth the paper they are printed on.

Ofgem created a CRAZY formula for suppliers to quote future costs over the next 12 months.

For customers on Fixed Tariffs the sum is worked out on the costs of that tariff for it's remaining term, then for the months beyond that date, the cost is calculated on the assumption that the lazy customer does not initiate a move to a new Fixed tariff and defaults to the suppliers expensive Standard Variable tariff.

[Deleted User]

If you have your old bills, then look back over your bills and see how much energy you have used for the period of the bills. Then use your real energy values for the last year of the bills.
If you had a mild winter last year you may want to add a bit to the heating energy bill to allow for a bad winter (just in case)

bellevueace

Thanks will check out my old bills

bellevueace

Well ive now managed to change suppliers, instead of using the projection figures given I looked at my bills for the last 12 months and used the amount of energy used in my estimate. The projection figure was quite a bit less than what I actually used so could have left myself with a bit of a shortfall. Thanks.

System

bellevueace wrote: »

Well ive now managed to change suppliers, instead of using the projection figures given I looked at my bills for the last 12 months and used the amount of energy used in my estimate. The projection figure was quite a bit less than what I actually used so could have left myself with a bit of a shortfall. Thanks.

Projection figures are more than a simple one year sum. They take into account historical usage for your property. The key is monitoring your own usage so there are no surprises at the end of the contract period. You sound like you are well up to speed on this: sady, this isn’t always the case.

grainged

...from these personal projections, they're a waste of time. Just do the maths yourself, it's pretty simple and is worth your time rather than risk getting ripped off.

Here's an example...my British Gas personal projection tell me that a particular tariff with them will be only £20.37 a year more expensive that my current one. I've done the maths myself and the difference is in fact £380 more expensive! :mad:

bellevueace

I suppose you cant work out an exact figure as usage will always vary, going off my kwh usage for the last 12 months given British Gas latest rises that figure will increase considerably. No doubt using the kwh figure is far better than relying on the projection figure which as seen from the above post can be rather fanciful. With the change of supplier I will make a considerable saving, its that saving that was making me doubt my figures as I didn't want to leave myself short with the new supplier. Just goes to show the savings that can be had though.