OVO 2 year fix ending soon

Robin9

rabialiones wrote: »

...............

taking all this consideration , ovo are now telling me my account is £177 in credit , but i have been paying monthly payments of


october 2017 - may 2018 - £107


june 2018 - august 2018 - £161


sept 2018 - march 2019 - £127


april 2019 - september 2019 - £147


.................
i admit i did not give readings every month, which is a mistake on my behalf


'

i would be grateful for any help with this issue
thanks

From your other post 1862 m3 would cost about £700 a year.

From your figures above you have paid £542 - hence your credit.

But this all depends on the accuracy of your non existent readings - and OVO will be guessing

Talldave

Consumption to August 2019 was 2299 cu m, according to post #7.

Robin9

Talldave wrote: »

Consumption to August 2019 was 2299 cu m, according to post #7.

Lots of info in bits and drabs in different threads - what the OP doesn't seem to realise that gas meters are different to electric in that they do not read in kwh and you have to convert (and that conversion varies abit from month to month)

Is the rise from 1862 to 2299 due to the fact that OVO now has an actual reading ?

Is the 27802 merely OVO best guess as to what your consumption will be ? perhaps assuming that since it rose from 1862 in 16/17 to 2299 in 18/19 it will continue to grow.

rabialiones

thanks to all for your help , however, i seem to be confusing everyone so i have just copied info from the latest statement to make it clearer.

You can see more information about your tariff on page two of this bill.Could you pay less?For electricity...Based on your tariff, and energy use (including VAT, excluding any add-ons, discounts and the Warm Home Discount if you're eligible), we believe your electricity will cost you £820.36* over the next year - this is called your future annual cost. You could receive £7.50 per fuel per calendar quarter by fixing onto an All Online tariff and meeting our Self Service Reward requirements**.You're already on our cheapest similar tariff.2 Year Fixed EnergyOur cheapest similar electricity tariffYou could save: £97.47***Lumo Energy Online FixedOur cheapest overall electricity tariff


For gas...Based on your tariff, and energy use (including VAT, excluding any add-ons, discounts and the Warm Home Discount if you're eligible), we believe your gas will cost you £1,146.88* over the next year - this is called your future annual cost. You could receive £7.50 per fuel per calendar quarter by fixing onto an All Online tariff and meeting our Self Service Reward requirements**.You could save: £47.21***2 Year Fixed Energy (all online)Our cheapest similar gas tariff You could save: £185.49***Lumo Energy Online FixedOur cheapest overall gas tariff

Robin9

Thankyou rabialiones - what you have given us is predictions solely in terms of money.

What would be really useful is a copy of a 12 month old bill with meter readings on it that have the letter A for ACTUAL, ignore anything with the letter E AND read your meters NOW please

rabialiones

i have given below gas statement details for sept 2018 and sept 2019
i hope they are clear and concise. could not attach actual statements on here.

thanks for your help





from 14 August 2018 to 13 September 2018Gas Used
Meter readings:

Estimated Reading 13 August 2018 6854



Customer Reading 14 August 2018 6843



Estimated Reading 13 September 2018 kWh used 629

Meter units used in the charge periodCost of gas used £16.98691056


Price £/kWh £0.0270 £8.49
Standing charge for 31Days @ £0.2740Cost of gas supplied.



Total (excluding VAT) £25.47






sept 2019


Meter readings:

Estimated Reading 13 August 2019 9540



15 August 2019 Customer Reading 9142


13 September Customer Reading 9192


Meter units used in the charge period -348


Cost of gas used -£105.95 credit

kWh used-3924



Price £/kWh£0.0270£8.49



Standing charge for 31Days @ £0.2740


Cost of gas supplied. Total (excluding VAT) £97.46credi



i have just noticed that there is a 0 in front of the readings , which i do input when giving my readings , but this does not show on my online readings
eg.


Customer Reading 14 August 2018 6843
i input this in as 06843

Gerry1

rabialiones wrote: »

we believe your electricity will cost you £820.36* over the next year...

we believe your gas will cost you £1,146.88* over the next year

They're just glorified ESTIMATES and should be ignored.

Forget DD amounts, you should always use actual meter readings and annual usage in kWh. The only exceptions are if you know there will be some dramatic change, e.g. moving house, changes in the number of people or daytime occupancy etc. Always deal with hard FACTS, not vapourware.

Robin9

Customer Reading 14 August 2018 6843
15 August 2019 Customer Reading 9142


13 September Customer Reading 9192

Taking the two August readings - yes 2299 m3 = approx 25750 kwh

at 2.7p is £695 plus standing charge £100 = £795 plus VAT = £835


Put 25750 into a comparison site and see what offers you get.

OVO's guess of £1146 is rubbish


PS 25750 kwh is high as is your Aug to Sept consumption of 50m3 = 616 kwh

Gerry1

Robin9 wrote: »

Put 2575 into a comparison site and see what offers you get.

Some extremely low quotations, I fear...

Gerry1

Robin9 wrote: »

Last edited by Robin9; Today at 2:07 PM. Reason: should be 2570

Some even lower quotations, I fear...