📨 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!

Will £60 a month be enough for prepayment metre for 1 person?

Options
13»

Comments

  • Sea_Shell
    Sea_Shell Posts: 10,028 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    JonVarnas said:
    I get away with £40 electric and £20 gas a month, so it is doable.
    But what about the forthcoming winter?

    Those sort of costs may have been doable until recently, but I'd be astonished if you'll be able to maintain that, going forward.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • MattMattMattUK
    MattMattMattUK Posts: 11,241 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    JonVarnas said:
    I get away with £40 electric and £20 gas a month, so it is doable.
    Based on current prices around a third of that would automatically go on the standing charge, it might have just about been possible based on historic rates, but with current rates and keeping future rises in mind then it will be impossible unless one has an alternative source of heat and is willing to live in darkness with few modern comforts. 
  • wild666
    wild666 Posts: 2,181 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'm moving out of my shared accommodation to live alone for the first time. I've never had bills other than phone bills in my name. The flat i'm looking at renting only has prepayment metres. I will also be working from home. The rent is £400 for a studio flat, all electric and has a C EPC rating. I'm thinking of only topping up £60 per month. Will this be enough? Apologies if this is a silly question when it comes to energy bills I'm clueless.
    At least 25% of the £60 will be going on the SC so ask yourself if your usage minus the SC is under £45 per month. @ 28p per kWh 200 kWh will be £56, your usage would have to be around 160 kWh per month SC. Any higher SC and unit rates will mean less kWh per month will have to be used.
    Someone please tell me what money is
  • markin
    markin Posts: 3,860 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    JonVarnas said:
    I get away with £40 electric and £20 gas a month, so it is doable.
    With Electric heat that would be closer to £80+ if you are paying 7p for gas already vs electric at 29p

    *If my shoddy math is anywhere near, but it would defiantly be 3X more.
  • There are two of us but we are VERY careful with usage - we are on prepay with E7 and our spend averages out over the year at approx. £120 per month (we are fully electric)  Of course it's much more in winter than in summer, so that is an average over a 12 month period.  That was last year though, I'm dreading to see what this years will be if I'm honest!
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 22 April 2022 at 5:11PM
    There are two of us but we are VERY careful with usage - we are on prepay with E7 and our spend averages out over the year at approx. £120 per month (we are fully electric)  Of course it's much more in winter than in summer, so that is an average over a 12 month period.  That was last year though, I'm dreading to see what this years will be if I'm honest!
    Does your property compare to the studio flat the OP is looking to live in? 

    If not rooms and bedrooms and age of property may give some context.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K 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

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.