We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How do I calculate difference in price?
Options
Hello, my 81 year old mum took the Eon 2 year fixed tariff in November, as the energy crisis kicked off. How can I calculate if the unit & standing price differentisls of the fixed tariff is better or worse than the new April price cap rises?
....here are the rate differentials:
Eon electricity 23.46p Ofgem 28p
Eon gas 4.84p Ofgem 7p
....the unit rates look better than Ofgem, right?
But the gas standing charge looks horrific:
Eon elec standing 4.84p Ofgem 7p
Eon gas standing 48.22p Ofgem 27p
...how can i decide if the very high Eon standing charge for gas (double!!) makes the Ofgem price cap across all 4 charges a better deal for my mum than the Eon fixed tariff?
Thank you, Kiki
....here are the rate differentials:
Eon electricity 23.46p Ofgem 28p
Eon gas 4.84p Ofgem 7p
....the unit rates look better than Ofgem, right?
But the gas standing charge looks horrific:
Eon elec standing 4.84p Ofgem 7p
Eon gas standing 48.22p Ofgem 27p
...how can i decide if the very high Eon standing charge for gas (double!!) makes the Ofgem price cap across all 4 charges a better deal for my mum than the Eon fixed tariff?
Thank you, Kiki
0
Comments
-
You've muddled up those standing charges somewhere...#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
-
Ofgem standing charges will be 45p and 27p1
-
You start by looking at the annual consumption in kWh per year for both electricity and gas. Bear in mind though that a fix is a fix. Your Mother will be protected from changes to the Ofgem Cap in Oct 2022; April 2023 and October 2023. The Office for Budget Responsibility is predicting a £800 increase in the Cap in Oct 2022.1
-
You've got those tariff numbers muddled somewhere.For an average gas customer using 12000kWh/yr, saving 1p/kWh on gas is worth 32p/day. Your mum is saving more than double that, so an extra 21p/day on the standing charge isn't a big deal.Your mum would need to be using less than 4000kWh/yr of gas for the extra standing charge to make the new tariff a worse deal.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill 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.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!1 -
i find money saving supermarket useful just put in as standard prices (after getting quote on your tariff)this shows calculations and comparisons and i double check my own figures using this. Not sure if this counts as a soft search though on credit file (but dont need credit and no debt)21k savings no debt1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards