So confused with energy prices

RhiBi

I’m sorry I know this has probably been asked many times.  I just don’t understand it and don’t know what to do.  I can’t afford over £200 a month.  I’m going to call Octopus but I’m afraid that I won’t understand and will end up agreeing to the wrong thing.  I’ve added screenshots of the details that I think will help, but please can someone guide me through options in easy terms!  I live in a 3 bedroom Terrace and 2 adults live there.

thank you 

The_Fat_Controller

You are on the Standard Variable tariff so you DO NOT have to agree any new contract.

Your prices will rise on April 1st to the new capped SV rates for your company, you need to find those and see what your current usage will cost at those rates.

RhiBi

Thank you, would those rates be on the octopus site somewhere.

elsien

They’re on the website but vary according to area. 

https://octopus.energy/blog/why-we-are-increasing-energy-prices-for-some-customers/#newflexiblerates

Ultrasonic

Do you have any data for how much energy you use in kWh?

QrizB

OP on top of what everyone else has said, you're in a fairly strong position; you've got £400 credit on your account and we're coming out of winter so your monthly bills will fall.

RhiBi

elsien said:

They’re on the website but vary according to area. 

https://octopus.energy/blog/why-we-are-increasing-energy-prices-for-some-customers/#newflexiblerates

Thank you for that, I’m in South Wales

RhiBi

QrizB said:

OP on top of what everyone else has said, you're in a fairly strong position; you've got £400 credit on your account and we're coming out of winter so your monthly bills will fall.

Thank you, I’ve not reclaimed it so that it will offset the price increase for a month or two

RhiBi

Ultrasonic said:

Do you have any data for how much energy you use in kWh?

Is this the information?  This is obviously a high use month and doesn’t reflect a typical month,

QrizB

The right-hand side of your bill has your Estimated Annual Usage figures, about 2700kWh for elextricity and 13000kWh for gas.

On Flexible Octopus, from April, your bill weill be around £165/month averaged over the year; less in the summer, more in winter.

RhiBi

Thank you for that, so based on that I’m far better staying on the variable tariff and increasing my direct debit.