Moving home Trying to get honest estimate of energy costs for new home

Stangi

The home I will soon be moving to is presently on EonNext dual fuel with economy 7. Smart meters are there for both fuels. As a new owner occupier, I will have to go on a standard variable tariff, whereas previous owner may have been on a decent fix (the new online quote for the only available 2 year fix wanted £196 per month). On phoning EonNext, their employee estimates that on NextFlex variable rate tariff I will only need to pay about £42 per month (before April 2022 when price caps rise of course) using as a guide my typical annual usage for my present home with same number of bedrooms. Area is East Staffs, so Midlands. This does not sound right to me. For gas I use 17631 kWh per year. Electricity usage for the year is daytime 1502, night time 531. Can any financial expert enlighten me please. I asked for price per kWh for that area but their staff member could not tell me that. Online, the kWh costs were given as an average of areas, and could differ from postcode (DE15). Why are these and the daily standing charges for each area not available to general public!? 

QrizB

Stangi said:

Why are these and the daily standing charges for each area not available to general public!? 

The rates are available for anyone to see.

Go to https://www.eonnext.com/tariff-search and stick in the relevant postcode.

Gerry1

https://www.eonnext.com/tariff-search

You want the 'Next Flex– Direct Debit version'.  Do the sums, you probably need the single rate rather than Economy 7 if the property has gas GCH.

tim_p

£42 / month?? Total? 2 fuels inc E7? Surely that barely covers typical gas use inc s/c. 

Robin9

Agree £42 a month is a rubbish figure

Even before the present capped rates -  assuming say 3p gas would have been £550 and electric at say 15p £300 - then add standing charges and VAT gives £1000 a year.

Your new house will be different and possibly at least 50% more.

Ultrasonic

Do you definitely mean dual fual (electricity + gas) and Economy 7? The latter is usually used for heating when there is no gas...

£42 per month sounds low but it doesn't necessarily cause an issue if you are underpaying provided you will have no problem paying a larger bill later on to make up the difference. You could agree to this but then monitor usage over the first month or so to know what your actual costs are. 

If you want to try to estimate costs then important factors here are how the size and likely insulation performance of your current and new homes compare?

QrizB

Stangi said:

For gas I use 17631 kWh per year. Electricity usage for the year is daytime 1502, night time 531.

At current rates that's something like £1300-worth, so £110 per month. Definitely not £42.

Reed_Richards

What does the EPC say your energy usage will be?

matelodave

As R-R says, what does the EPC say. It's not a definitive number but should give you some idea of your estimated consumption which you could use to make a rough guess of the costs.

£42 a month is unfeasibly low even for a one bedroom flat let alone a house, IMO you should be thinking more like at least £100 month as a starting point if you don't have any better info.