Fixed deal

MWT

hickorydoc said:

Hi MWT,
 I have found 14/2/21 to 15/2/22 meter readings which are
  
                                 14/2/21.                                                    15/2/22

GAS                           04720                                                       05775               = 1055

As suspected, your gas use is a lot higher than you were thinking, looks like you have a metric meter so as per hickorydoc's comment above, your actual gas use is around 12,000kWh.

The units on your meter are in cubic metres, not kWh hence the confusion.

So when you look at costs from other suppliers make sure you are using the correct kWh figure for your gas (12,000) not the meter reading of 1055m3.

If you check a recent gas bill you'll see a calculation there that converts the meter reading difference into kWh...

QrizB

QrizB said:

My usage for 20/2/20 to 20/2/21 was Gas 1153 kWh and 3674 kWh of Electricity.

That's *very* low gas use, even for two people in a 2-bed terrace. Do you heat your house with gas or some other way?

If your figures are definitely correct:

• On the current cap, your energy will cost around £1000/yr
• On the new April cap, your energy will cost around £1400/yr

If you can get a fixed-rate tariff costing £1400/yr or less, with a sensible exit fee, it's definitely worth taking. The two you''ve been offered  - £1,474.91 til Feb 2023 / £1,550.51 til Feb 2024 - are a bit higher than this but might be worth considering if you need a guaranteed tariff that runs beyond October 2022.

Revised calculations based on your amended annual gas use of 11988kWh:

• On the current cap, your energy will cost around £1450/yr
• On the new April cap, your energy will cost around £2200/yr

wild666

If you have smart meters the electric readings will be kWh but the gas will be M3 so roughly 10.96 to 11.4 kWh per unit depending on the calorific value reading used in the bill. If it's an imperial meter ft.3 then the reading for gas is roughly triple the above figures, around 33 kWh per unit. 

MWT

wild666 said:

If it's an imperial meter ft.3 then the reading for gas is roughly triple the above figures, around 33 kWh per unit. 

Imperial meters are 4 digit, so the leading zero suggests the metric assumption is likely to be correct. 

hickorydoc

Thanks Everybody,

 My EDF quote is now
 

This tariffFix Total Service Feb24v3
Fixed until	29 February 2024
Payment type	Budget Direct Debit (Monthly)
Yearly Estimate	£2,505.05
Electricity
Yearly Estimate	£1327.73
Daily standing charge	41.66p per day
Unit rate	33.13p per kWh
Exit fees	£100.00
Gas
Yearly Estimate	£1177.32
Daily standing charge	27.22p per day
Unit rate	8.993p per kWh
Exit fees	£100.00

  So I'm better off where I am ? This is a yearly estimate on my latest bill

Your estimated annual cost £818.99 a year for electricity
£547.11 a year for gas

 It absolutely amazes me how they get away with making it so complicated !!! Its all smoke and mirrors !!! 

Thanks again everybody, you've been a great help and very patient 👍👍

BUFF

Those fixed tariff figures don't look good today or even after the 1st of April '22 but depending upon what happens come October '22 they may - how good is your crystal ball?
But exit fees of £100 per energy supply would kill it for me as if prices come down you couldn't jump without some pain. That's me though - ymmv.