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Are We Paying Enough

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  • matelodave
    matelodave Posts: 9,113 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I've got records that show how my energy consumption varies month by month which allows me to calculate roughly how much it will cost and to see when my DD balances.

    Yours might be a bit different but you should be able to get a rough idea. Based on your £61.50/mo = £738 per year, so 4% in June = around £30 and 16% in December = £119

    16% in January
    14% in February
    12% in March
    7% in April
    4% in May
    4% in June
    4% in July
    4% in August
    4% in September
    7% in October
    11% in November
    15 % in December

    These averages are based on nine years worth of readings and it lets me check that my monthly bills are in line with my predictions
    Never under estimate the power of stupid people in large numbers
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    matelodave wrote: »
    I've got records that show how my energy consumption varies month by month which allows me to calculate roughly how much it will cost and to see when my DD balances.

    Yours might be a bit different but you should be able to get a rough idea. Based on your £61.50/mo = £738 per year, so 4% in June = around £30 and 16% in December = £119

    16% in January
    14% in February
    12% in March
    7% in April
    4% in May
    4% in June
    4% in July
    4% in August
    4% in September
    7% in October
    11% in November
    15 % in December

    These averages are based on nine years worth of readings and it lets me check that my monthly bills are in line with my predictions

    Thanks for that. That is really helpful. :beer:
  • Smodlet
    Smodlet Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Can't speak for BG but I cannot imagine they would be outdone by nPower, who will work out a bill any time they are asked to; you just call them up.

    Please do not be offended when I ask whether you know how to work out your energy costs each month yourself, OP? Sorry if this is a silly question as you are obviously intelligent and responsible enough to be concerned in the first place.
  • tempus_fugit
    tempus_fugit Posts: 1,189 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    matelodave wrote: »
    I've got records that show how my energy consumption varies month by month which allows me to calculate roughly how much it will cost and to see when my DD balances.

    Yours might be a bit different but you should be able to get a rough idea. Based on your £61.50/mo = £738 per year, so 4% in June = around £30 and 16% in December = £119

    16% in January
    14% in February
    12% in March
    7% in April
    4% in May
    4% in June
    4% in July
    4% in August
    4% in September
    7% in October
    11% in November
    15 % in December

    These averages are based on nine years worth of readings and it lets me check that my monthly bills are in line with my predictions
    That's a brilliant idea, I will see if I can incorporate something like that into my spreadsheet. I could then do a graph with two plots, one with the expected figures and one that completes gradually over the year with the actual figures. :)
    Retired at age 56 after having "light bulb moment" due to reading MSE and its forums. Have been converted to the "budget to zero" concept and use YNAB for all monthly budgeting and long term goals.
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Smodlet wrote: »
    Can't speak for BG but I cannot imagine they would be outdone by nPower, who will work out a bill any time they are asked to; you just call them up.

    Please do not be offended when I ask whether you know how to work out your energy costs each month yourself, OP? Sorry if this is a silly question as you are obviously intelligent and responsible enough to be concerned in the first place.

    We know how to work out the kwh and the cost yes. It is just the unknown with this house as we have only been in it a few months. I guess I was just wondering if anyone could shed any light on if they thought we were paying enough or not.
  • Smodlet
    Smodlet Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    matelodave's percentage chart seems as good as guide as any, I think. So many unknowns, like the weather, affect our usage.

    You will be fine, you are aware and on top of things. As already suggested, if you are concerned, you could put some money away each month, ideally in an interest bearing account.

    At least you know you will not be posting on here in the middle of winter, asking how your energy company can possibly justify the huge increase in your DD amount. You have seen those posts, I imagine?
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