British Gas - 138% annual increase?? Do I have any options?

freckled24

Yes the 360 is the change in meter reading - ahh right okay, so if each unit is 11 then that works out about right. Thanks for all your advice - it's a minefield but your info's making it a bit easier : )

Mstty

@freckled24

Please excuse this long winded mathematical post hope it makes sense.

Your electricity is probably easily constant so 87 kWh per month (1050kWh total).

Your gas usage let's say you use 25% in the summer and 75% in the winter months. So 1000kWh gas until October then 3000kWh til April 2023. So 167Kwh Apr22-Oct per month and 500 kWh Oct-Aprl-23

The only change going onto the variable tariff is the likelyhood energy prices will increase approx 30% so stay with me here will go month by month

Based on 28.5p kWh elec and 7.25p kWh gas

Standing charge for the year £240 so for Apr-Oct £120

Apr22-Oct  

525 kWh Elec £149.62 

1000kWh gas £72.50

 Standing Charge £120.00

                     

                Total. £342.12

Now we have to factor in a 30% increase in overall bills for the Oct 2022 price cap rise so in this instance we will add 30% to every aspect of the bill.

The standing charge for the 6 months Oct22-Apr23 is likely to be £156

Elec 37p kWh

Gas 9.4p kWh

Oct-Apr2023

525 kWh Elec £194.25

3000 kWh Gas. £282.00

Standing charge. £156.00

Total. £632.25

So my personal best guess of your yearly total cost taking into account an energy price rise of 30% is 

£974.37 or £81.20 a month.

Send that to your supplier lol

Also don't forget you should get £150 in council tax rebate if your property is band A-D even if you rent and you pay the council tax. Also in October £200 will be taken off your bill but this is a loan and gets added at approx £4 a month from April 2023.

freckled24

Wow @Mstty that's a very thorough working out - thanks so much! Numbers are not my thing (as you can probably tell!), so this is super useful

Mstty

You are more than welcome👍