price gap

Olecia

I really not sure what to do. I am on standard variable price cap  for my duel energy gas/elec pay £96.27 monthly with British Gas.  Increase of 54% come April likely to rise to £1779.07 per year.  So 148.25 per month . No other deals i can see current. New quote from British Gas fixed tariff till Dec 23 quoted 188.12 per month which still works out more expensive at £2258.16 per year. I have looked at other companies and quotes are higher than this.
If i have done my sums correctly than really going on Martins advice i should do nothing. Would i be right. Please help

QrizB

Welcome to the forum.

What is your estimated annual consumption (EAC) of electricity and gas? It should be printed on your bill.

Olecia

787.97for gas
370.50for elec
As of Oct 21 the last bill

Robin9

@Olecia that doesn't sound right - have you given us the meter consumption just for the month instead ?

QrizB

I think that might be the annual cost per fuel, not the number of kWh?

£788pa for gas would be around 17000kWh, and £370 for electricity around 1300kWh.

Based on those numbers, the equivalent prices at the April cap would be £1352 for gas and £534 for electricity, total £1886 per year.

Olecia

That was the estimate annual cost for gas and electric on my last bill of Oct 21