We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

How much do you put on your electric per week

Options
24

Comments

  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That meter must be a very new install, it's only logged 277 kWh since new?
    OP is using about 26% on night rate, which is not unusual given that the NSH's will be off at this time of year.
    No free lunch, and no free laptop ;)
  • MWT
    MWT Posts: 10,257 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Gerry1 said:
    ... VAT is presumably another 5% on top.  That's daylight robbery !
    All amounts the customer sees on a pre-pay meter should include VAT.

  • Gerry1
    Gerry1 Posts: 10,848 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    MWT said:
    Gerry1 said:
    ... VAT is presumably another 5% on top.  That's daylight robbery !
    All amounts the customer sees on a pre-pay meter should include VAT.
    Duly corrected, many thanks.
    Must be fun when the VAT rate changes if it's not an operational smart meter, presumably the next key top up will reprogramme it?
  • MWT
    MWT Posts: 10,257 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Gerry1 said:
    Must be fun when the VAT rate changes if it's not an operational smart meter, presumably the next key top up will reprogramme it?
    VAT changes are fortunately rare, but yes, the next top up should update the rates in the case of a change in most cases.

  • mea1
    mea1 Posts: 13 Forumite
    10 Posts
    Yeah they meet only got installed the 31th of July
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    OP, if you post the first part only of your postcode, then someone can possibly help you to find a cheaper E7 tariff. It's presumed that you have night storage heaters and an immersion heater running on E7? No other form of heating?
    No free lunch, and no free laptop ;)
  • Talldave
    Talldave Posts: 2,002 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Gerry1 said:
    MWT said:
    Gerry1 said:
    ... VAT is presumably another 5% on top.  That's daylight robbery !
    All amounts the customer sees on a pre-pay meter should include VAT.
    Duly corrected, many thanks.
    Must be fun when the VAT rate changes if it's not an operational smart meter, presumably the next key top up will reprogramme it?
    Surely the meter has no concept of VAT? It just charges a unit rate.  The unit rate must change more frequently tgan VAT but the result is same, new unit rate needs loading into the meter.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 27 August 2020 at 10:53AM
    OP, you say you are putting £50 a fortnight onto the meter, which is £100pm. But you said that you 'can't afford a credit meter'. If you are already spending £100pm, how much were you quoted pm for a credit tariff? It shouldn't be more than you are currently spending, and should be much less. Or is it that you applied for a credit meter but failed the credit check maybe? We need a bit more detail from you. Since you have a brand new meter, it is presumably a smart meter, so it should be possible for the provider to switch that over to credit mode-so a further meter install should not be necessary. Then you can use a much cheaper fixed tariff.
    If however you insist on staying on a PPM, then the cheapest current tariff (variable) that I can see for my region is Bulb Energy's Varifair, rates as follows:
    Day: 16.081p per kWh.
    Night: 7.109 per kWh.
    Standing Charge: 25.908p per day.
    All include VAT.
    The big difference on that is the much cheaper night rate: so the saving will become apparent as soon as you start using your NSH's in the autumn. If you want to benefit from this then you need to commence a switch straight away, as it will take 3 to 5 weeks to switch-so late September to early October.
    However, I would emphasise that by far the biggest saving to be made will be by going back to a credit meter.

    No free lunch, and no free laptop ;)
  • MWT
    MWT Posts: 10,257 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Talldave said:
    Surely the meter has no concept of VAT? It just charges a unit rate.  The unit rate must change more frequently tgan VAT but the result is same, new unit rate needs loading into the meter.
    Exactly, a VAT change is just like any other rate change and fortunately these days it doesn't require a physical visit like the old coin meters...

  • Gerry1
    Gerry1 Posts: 10,848 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 27 August 2020 at 12:05PM
    macman said:
    Or is it that you applied for a credit meter but failed the credit check maybe?

    If however you insist on staying on a PPM, then the cheapest current tariff (variable) that I can see for my region is Bulb Energy's Varifair
    The OP states that they were on a credit tariff that was unaffordable, but switched to a PPM (which has dreadful rates).

    We don't know the OP's annual consumption, so it's not possible to say which credit tariff would be the cheapest.  It's almost certainly not Bulb (did you do a Whole Market search?). 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.