Gas and electric tariff

sultan123

My current tariff for combined gas and electric runs out at end of this month. Is it worth switching onto new tariff or sticking to variable tariff?

MWT

sultan123 said:

My current tariff for combined gas and electric runs out at end of this month. Is it worth switching onto new tariff or sticking to variable tariff?

Impossible to answer without knowing your estimated annual usage, which fixed tariffs you are being offered, and the kWh/standing charge amounts for those options...

sultan123

MWT said:

sultan123 said:

My current tariff for combined gas and electric runs out at end of this month. Is it worth switching onto new tariff or sticking to variable tariff?

Impossible to answer without knowing your estimated annual usage, which fixed tariffs you are being offered, and the kWh/standing charge amounts for those options...

Current tariff:

Electricity unit rate - 15.659p

Electricity standing charge - 18.920p

Gas unit rate - 3.046p

Gas standing charge - 19.470p


Tariff being offered:

Fixed Price May 2023 M1

Estimated monthly cost: £136.60

Estimated annual cost: £1639.24

All unit rate 36.519p

Cancellation fee £60.00

Tariff end date 31.05.2023

facade

You need to tell us

your annual gas consumption in kWh

electricity consumption in kWh

and what you have been offered

Gas standing charge

Gas price per kWh

Electricity standing charge

Electricity price per kWh

The SP M1 tariff is about 10p per kWh gas, 36p electric, and a standing charge of around 26p a day for each. It saves around 20p a day on the standing charge, and over charges about 8p on electric and 3p on gas.

Unless you use a very small amount of energy, the April energy cap is  lower than what you would be paying.

No-one knows what will happen in October though.....

sultan123

facade said:

You need to tell us

your annual gas consumption in kWh

electricity consumption in kWh

and what you have been offered

Gas standing charge

Gas price per kWh

Electricity standing charge

Electricity price per kWh

The SP M1 tariff is about 10p per kWh gas, 36p electric, and a standing charge of around 26p a day for each. It saves around 20p a day on the standing charge, and over charges about 8p on electric and 3p on gas.

Unless you use a very small amount of energy, the April energy cap is  lower than what you would be paying.

No-one knows what will happen in October though.....

How is it 26p and 36p when the sp quote says All unit rate 36.519p

QrizB

sultan123 said:

facade said:

You need to tell us

your annual gas consumption in kWh

electricity consumption in kWh

and what you have been offered

Gas standing charge

Gas price per kWh

Electricity standing charge

Electricity price per kWh

The SP M1 tariff is about 10p per kWh gas, 36p electric, and a standing charge of around 26p a day for each. It saves around 20p a day on the standing charge, and over charges about 8p on electric and 3p on gas.

Unless you use a very small amount of energy, the April energy cap is  lower than what you would be paying.

No-one knows what will happen in October though.....

How is it 26p and 36p when the sp quote says All unit rate 36.519p

You've quoted your unit rate, 36.519p/kWh, which is "about 36p" as facade said.

What you haven't quoted is the daily standing charge. Facade thinks it will be around 26p/day.

You also haven't given us any information at all regarding the gas tariff you've been offered, which facade thinks will be around 10p/kWh and 26p/day.

Please can you give full details of the tariff Scottish Power have offered, in the same way as you've given us full details for your existing tariff.

facade

sultan123 said:

facade said:

You need to tell us

your annual gas consumption in kWh

electricity consumption in kWh

and what you have been offered

Gas standing charge

Gas price per kWh

Electricity standing charge

Electricity price per kWh

The SP M1 tariff is about 10p per kWh gas, 36p electric, and a standing charge of around 26p a day for each. It saves around 20p a day on the standing charge, and over charges about 8p on electric and 3p on gas.

Unless you use a very small amount of energy, the April energy cap is  lower than what you would be paying.

No-one knows what will happen in October though.....

How is it 26p and 36p when the sp quote says All unit rate 36.519p

I googled "Fixed Price May 2023 M1", which came out as SP, and the rate on myutilitygenius (I'm not getting a quote off SP) was

This would differ slightly in different regions.

Have they really offered zero standing charge, 36.519p per kWh gas and 36.519p per kWh electricity in writing?

It would be an awful deal unless you use less than 3 kWh of gas a day.

Robin9

sultan123 said:

All unit rate 36.519p

Anyone know what "all in rate" means ?

QrizB

Robin9 said:

sultan123 said:

All unit rate 36.519p

Anyone know what "all in rate" means ?

My guess is that "all unit rate" is to show that it isn't a dual-rate E7-type tariff.

facade

Robin9 said:

sultan123 said:

All unit rate 36.519p

Anyone know what "all in rate" means ?

Confusing as in isolation it suggests all units, no matter which energy, are the same price, which I think is what the OP has assumed.

sultan123

facade said:

Robin9 said:

sultan123 said:

All unit rate 36.519p

Anyone know what "all in rate" means ?

Confusing as in isolation it suggests all units, no matter which energy, are the same price, which I think is what the OP has assumed.

Are any of the tariffs on this page signing up too as my current tariff is due to end so thinking of not signing up to a tariff?

https://www.scottishpower.co.uk/gas-and-electricity/our-tariffs