How much do you pay per kWh for your electricity

Regenerator11

Hi Everyone,

I recently started renting a flat, which only has electricity (no gas), and SSE thought it best I go on a year's fixed rate to anticipate the increase in tariffs. However this tariff is really high at 39.74 pence per kWh (and standing charge of about 63 pence), with a recommended direct debit of £97 per month. This would work out at spending about £3.20 a day on electricity, which is possible, as long as I don't have the heating on, and only heat the water tank every 2 days.

How does this price per kWh compare with yours? Have I done the right thing, within a no good options scenario?



Thanks

bristolleedsfan

Regenerator11 said:

Hi Everyone,

I recently started renting a flat, which only has electricity (no gas), and SSE thought it best I go on a year's fixed rate to anticipate the increase in tariffs. However this tariff is really high at 39.74 pence per kWh (and standing charge of about 63 pence), with a recommended direct debit of £97 per month. This would work out at spending about £3.20 a day on electricity, which is possible, as long as I don't have the heating on, and only heat the water tank every 2 days.

How does this price per kWh compare with yours? Have I done the right thing, within a no good options scenario?



Thanks

Extremely unlikely next energy cap increase  kWh/SC combination rate will be higher than rates you are paying

victor2

Regenerator11 said:

Hi Everyone,

I recently started renting a flat, which only has electricity (no gas), and SSE thought it best I go on a year's fixed rate to anticipate the increase in tariffs. However this tariff is really high at 39.74 pence per kWh (and standing charge of about 63 pence), with a recommended direct debit of £97 per month. This would work out at spending about £3.20 a day on electricity, which is possible, as long as I don't have the heating on, and only heat the water tank every 2 days.

How does this price per kWh compare with yours? Have I done the right thing, within a no good options scenario?



Thanks

Welcome to the forum!

You presumably went onto a deemed tariff at their standard variable rate (SVR) when you first registered and then they pushed you onto a fix as they don't offer the standard tariff to new or existing customers.

You've only quoted one rate, so that suggests you're not on an Economy 7 tariff. E7 would not be suitable anyway, unless you have stortage heaters.

I don't know the SSE SVR, but the Octopus one in our area is 44.5p per day and 27.6p/kWh, so you are paying considerably more. BUT, your rate is fixed for a year, so you'll get through next winter at that rate, where nobody knows what the SVR will increase to next October.

Your £3.20 per day would pay the standing charge plus about 6.5kWh of electricity, which is not that much, but achievable through the summer. However, I would say there is no way you could do that once you start using the heating. Monitor your usage by reading your meter weekly for a while to see what your actual usage is. That will give you an idea what it is costing you without heating.

oldagetraveller1

I'm on a fixed tariff with e-onNext and the electricity rate is - 26.59p/kWh and 42.28p/day s.c..

wild666

Mine's 27.09p per kWh and 48.65p per day SC. Most days I use between 2.7 kWh and 4.7 kWh depending on whether I use the PC all day or go on the XBox for part of the day

GingerTim

Fixed with EDF until August 2024 at 24p standing charge / 21.1p per kwh. Using between 2.4 and 4kwh per day, depending if I'm working at home.

razord

Regenerator11 said:

Hi Everyone,

I recently started renting a flat, which only has electricity (no gas), and SSE thought it best I go on a year's fixed rate to anticipate the increase in tariffs. However this tariff is really high at 39.74 pence per kWh (and standing charge of about 63 pence), with a recommended direct debit of £97 per month. This would work out at spending about £3.20 a day on electricity, which is possible, as long as I don't have the heating on, and only heat the water tank every 2 days.

How does this price per kWh compare with yours? Have I done the right thing, within a no good options scenario?



Thanks

I'd be concerned that £97 might not be enough for a flat that's electricity only at those high rates. Please make sure you submit a meter read once a month and you're on top of your credit/debit balance to avoid a bill shock in a few months!

Chrysalis

Slightly below the cap rate, around 27p.

gefnew

This is mine at present.

Tariffs

Electricity

Fix Again 1 Year v10

Fixed term ends 23/10/2022

19.21 p/kWh 18.33 p/day

(All rates inc. VAT)

Gas

Fix Again 1 Year v10

Fixed term ends 23/10/2022

3.77 p/kWh 17.63 p/day

(All rates inc. VAT)

Shedman

You're paying about 40% over the current variable unit capped rate (around 28p kWh) so you are definitely well overpaying from now until end Sept.   The capped rate would probably have to rise by 50% - 60% (so 42p  to 45p kWh) in Oct for you to end up by the end of the fixed period better off than you would have been staying on the SVR.  It's always possible it might go up by that much in October but general feeling is it'll be around 25% increase.  

When did you get switched to this fixed tariff.  I would argue that you've been missold, or certainly misled, by SSE into taking on this fix and, if it were me, I would be requesting that they switch me back to the SVR.

Bexie1989

I panic fixed back in September when things were starting to go mad.

23p day rate, 12.5p night rate, SC 24p a day, fixed until October 23.

It seemed incredibly expensive at the time (I used to be on a single rate 14p a unit and 18p SC) but I'm glad I went against all the advice and fixed when I did now. 

I certainly wouldn't fix at the prices offered now, though!