Energy Saving Cap does not mean sense

ollieo123

3 bed cottage
- Three people (1 F/T who works abroad, 1 P/T and 1 child full time at school)
 - One Hybrid car that charges at night
- Biomass wood pellet boiler for central heating 
- No high energy electrical appliances except cooker (we do not use oven much at all) and dishwasher (Dishwasher used only at night)
Estimated electricity spend = £2117 fixed tariff on Peoples Energy (doesn't include ANY central heating!!!)
Money saving expert switch estimated we could save £518 = £1599 per year fixed 

Looking at this means it's cheaper for me to go on to default variable tariff and use the Energy Price Cap! That's can't be right can it? But it seems like that's the best choice?? 

Can anyone help?

JJ_Egan

Electric at £2117 is very very high .

Whats using all this energy ?? car .

Robin9

Which PE tariff are you looking at ?

stewie_griffin

What's your annual usage and is this based on actual meter readings.

Gerry1

The Price Cap is not absolute, it only caps the rates.  Use an infinite amount and you'll be billed an infinite sum.

But your estimated spend it just that, estimated.  And it's almost certainly hopelessly wrong.  Just look at your actual metered consumption for the last 12 months and do the sums yourself based on daily standing charges and pence per kWh rates.

badmemory

Which PE tariff are you on?  Is it the one where you pay 2 DDs in the first month?  Meaning you pay 13 times in the first year.  Are you taking the first months payments & multiplying by 12?

I am surprised at you finding them expensive as I am now in my second year with them & am finding them significantly cheaper than any others.  I am a high user, a comfort decision I made a few years ago & my DD for now is £40 less than with my previous supplier & £25 less than last year as my DD was a little too high & the prices have come down this year.  Before someone says anything about DDs, this is correct, I send my readings once a month, which is when they request it.  I keep my own records & I am well on track.

Really like the fact that you can give your readings & have a proper bill within the hour.  The big 6 have some lessons to learn here!  There is no need to keep having to remember that you have a bill you need to download several days later.  They also email that your bill is ready, so another lesson for the big 6.  I always thought it was safer to stay with a big 6 provider, I wouldn't go back to one now.  Not that I am saying I will stay with this one but there does not seem to be any benefit in staying with one of them.