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Standing charge or no standing charge?
Hi.
I'm looking into switching energy supplier, and looking for advice. I'm with Utilita now who don't have a standing charge. When looking into switching energy supplier, I've found a fixed tariff with British Gas which shows a saving of nearly £200.00. I understand if I switch, I would then pay for a standing charge, but can anyone advise if they have done the same and have saved anything?
I'm looking into switching energy supplier, and looking for advice. I'm with Utilita now who don't have a standing charge. When looking into switching energy supplier, I've found a fixed tariff with British Gas which shows a saving of nearly £200.00. I understand if I switch, I would then pay for a standing charge, but can anyone advise if they have done the same and have saved anything?
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Comments
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Utilita do have a standing charge, they just build it into the price of the first kWh used each day...As long as you use at least 1kWh a day you are paying a standing charge just as you would with any other supplier...As for savings just do the maths and work out the total cost for your annual usage and you will see the savings... or not...Only way there is anything complex is if you frequently use no, or very little power so you only consume part of the first kWh...2
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You are by no means a low user - as MWT has said 1kWh a day for electric. Yours is actually a little above the average of 2900/3000 ; (gas a little below)Never pay on an estimated bill. Always read and understand your bill1
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work out the costs yourself but for most people it's cheaper to pay a standing charge than it is to pay a higher cost per kwh unless you are a very low user.
If you use 3286kwh or leccy then paying 2p/kwh less is roughly equivalent to 18p/day standing charge but one penny a kwh less for your gas will be equivalent to 18.52p/dayNever under estimate the power of stupid people in large numbers1 -
work out the costs yourself but for most people it's cheaper to pay a standing charge than it is to pay a higher cost per kwh unless you are a very low user.
If you use 3286kwh or leccy then paying 2p/kwh less is roughly equivalent to 18p/day standing charge but one penny a kwh less for your gas will be equivalent to 18.52p/dayNever under estimate the power of stupid people in large numbers0 -
With the Utilita tariffs, you just deduct the normal cost per kWh from the first unit cost and you have the daily standing charge.Easy to compare and calculate annual costs on the same basis as other tariffs.0
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