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I Hate Standing Charges.

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Comments

  • QrizB said:
    ... they deleted the standing charge and raised the energy rate to 24.059p per kWh at all times.  This put my monthly up from fifty-eight to eighty quid
    That's about 330kWh/month, 4000kWh/yr. On one of the big suppliers' current capped SVT of 21p/kWh plus 25p/day you'd be paying £74/month. Your zero standing chage tariff is costing you £6/month.

    The only thing you've got correct there is my annual consumption.  Before I switched to Outfox I was with Eon, whom I left due to the attitude of their customer service personnel towards my hundred and fifty-odd pounds of credit.  I reduced the monthly payment as low as the online tool would allow and ran it down over a few months, then moved to Outfox, the cheapest offer on the comparison sites, reducing my monthly from sixty-eight pounds to forty-six.  When I checked last year, whilst paying fifty-eight to Outfox, the quotes for the big companies were all several pounds more than the eighty I am paying now. 

    For the sake of curiosity, I have just visited the websites of the big suppliers.

    Eon - 140 per month
    Ovo - 137 per month
    Scottish Power - 161 per month; although this includes gas because they couldn't be quoted separately, so actually works out cheaper than the other two, though about forty quid a month more than my current expenditure
    British Gas (from whom I get my gas) said I should stay where I am as they can't offer a competitive quote at the moment, which, to be fair, the Eon and Scottish Power sites also pointed out
    EDF suggested I ring them as my meter is newly connected (it isn't, it's absolutely ancient)

    Three comparison sites were telling me, prior to the autumn cap increase, that I would have been paying much more by switching to one of the big suppliers, therefore even if you are correct that they subsequently introduced these uncharacteristically low tariffs for their existing customers, once the cap was raised the switching facilities were ended, and their tariffs were no longer displayed on the comparison sites.  Had I been one of those existing customers, I would have been paying at least thirty pounds per month more at that time, for the privilege of paying six pounds per month less now.  Which means that I am not paying six pounds more than those rates, I am paying at least fifty pounds less each month than I would on any of the alternatives which have been available to me since my payment increased.
  • QrizB
    QrizB Posts: 20,689 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 7 January 2022 at 6:44PM
    QrizB said:
    ... they deleted the standing charge and raised the energy rate to 24.059p per kWh at all times.  This put my monthly up from fifty-eight to eighty quid
    That's about 330kWh/month, 4000kWh/yr. On one of the big suppliers' current capped SVT of 21p/kWh plus 25p/day you'd be paying £74/month. Your zero standing chage tariff is costing you £6/month.
    The only thing you've got correct there is my annual consumption.  ...
    For the sake of curiosity, I have just visited the websites of the big suppliers.
    The big suppliers sites won't be offering you the capped SVT.
    The Capped SVT is roughly 4p/kWh for gas, 21p/kWh for electricity and 25p/day for each standing charge.
    @jimjames marvellous on-line calculator uses info from the Ofgem price cap for DD payment accounts:
    The fact remains that you are paying more on your zero standing charge tariff with OTM than you would do on a conventional tariff with any number of other suppliers.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Your fact continues to not be a fact.  Claiming that I am paying more than something which, if it exists, is not and never has been available to me, does not qualify as useful information.
  • QrizB
    QrizB Posts: 20,689 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 7 January 2022 at 10:50PM
    Your fact continues to not be a fact.  Claiming that I am paying more than something which, if it exists, is not and never has been available to me, does not qualify as useful information.
    Sigh. Most people would stop trying to help at this stage but I'm obviously a soft touch.
    @Gerry1 has posted this link several times in recent weeks:

    Am I able to sign up to your Standard Variable tariff as a new customer to EDF?

    Yes. Bear in mind we can’t offer you a cheaper Standard (Variable) tariff price than your current energy supplier. Standard (Variable) prices are linked to the Ofgem Price Cap.

    You can keep an eye on energy deals by signing up to our energy alerts. We’ll let you know when energy prices are coming down, this means we may be able to offer you a better deal than your current energy supplier when this happens.

    If you’re new to EDF and want to take our Standard (Variable) tariff, you’ll need to give us a call to be able to do this, you can’t sign up online. You can then chat with our team about the pros and cons to make sure this is the best option for you at this time.

    Oh, and to check EDF's SVT you can click here:
    Enter your postcode and then look for the "Deemed" tariff. For my region it's this:
    Unit rate 20.68p per kWh
    Standing charge 24.11p per day

    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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