What rates are you being offered by your provider at the moment?

Telegraph_Sam

Great I'll work on that. My understanding of the gas and electric prices is a little blurred. If the average spend is capped @ 2.5 K that doesn't stop the underlying unit prices yo-yo'ing underneath to their heart's content. It would be useful to have all (3) prices with a common base on one piece of digital paper.

QrizB

Telegraph_Sam said:

Great I'll work on that. My understanding of the gas and electric prices is a little blurred.

It really shouldn't be, there are plenty of threads explaining how the cap works. Just as an example, there's a link to my explainer at the bottom of every one of my posts.

If the average spend is capped @ 2.5 K that doesn't stop the underlying unit prices yo-yo'ing underneath to their heart's content.

No, the unit prices are capped and for an average user the total works out as about £2500.

It would be useful to have all (3) prices with a common base on one piece of digital paper.

You can see the EPG capped gas and electricity prices for every GB region here on EDF's rate card:

https://www.edfenergy.com/sites/default/files/government_energy_price_guarantee_prices._standard_variable_deemed_and_welcome._credit_meters.pdf

[Deleted User]

Telegraph_Sam said:

Great I'll work on that. My understanding of the gas and electric prices is a little blurred. If the average spend is capped @ 2.5 K that doesn't stop the underlying unit prices yo-yo'ing underneath to their heart's content. It would be useful to have all (3) prices with a common base on one piece of digital paper.

Sort of, but it won't work like that.  The true price for both gas and electricity is expected to be way above the cap for at least 12 months and probably more.  That means that there will be no variation at all - both prices (as seen by the customer) will be stuck at the cap for all that time and can be treat as fixed for comparisons at the moment.

Telegraph_Sam

Do I understand from the following that a (random) price of 50 p / litre heating oil corresponds to a price of 5.8 p per kWh gas?
https://www.rensmart.com/Calculators/HeatingWithOil
What would be a sensible % to insert for boiler efficiency?
It should then be possible to compare the heating oil price with the capped prices for gas (and electricity)
[I couldn't access the link directly but had to go via rensmart.com home page]

QrizB

Telegraph_Sam said:

Do I understand from the following that a (random) price of 50 p / litre heating oil corresponds to a price of 5.8 p per kWh gas?
https://www.rensmart.com/Calculators/HeatingWithOil

No. A litre of kerosene comtains just over 10kWh of energy, so 50p/litre is just under 5p/kWh.

Telegraph_Sam said:

What would be a sensible % to insert for boiler efficiency?

Oil boilers and gas boilers of the same general design have the same efficiency and so have no bearing on the comparative cost of oil and gas.

A condensing boiler fitted in the last 15-20 years should have been around 90% efficient when fitted, if set up correctly. Older boilers were less efficient.

Telegraph_Sam

Strange that the publishef calculator should be "wrong".  Could the discrepancy be explained by the inclusion of boiler efficiency as a variable within the formula?
Otherwise is it a simple direct 10 : 1 relationship (for kerosene)?

[Deleted User]

Telegraph_Sam said:

Strange that the publishef calculator should be "wrong".  Could the discrepancy be explained by the inclusion of boiler efficiency as a variable within the formula?
Otherwise is it a simple direct 10 : 1 relationship (for kerosene)?

Like both QrizB and I have said, it’s a little over 10.  Boiler doesn’t matter if you’re looking at the price of the fuel.

Many pieces of ‘published’ information are wrong- it depends what story they are trying  to tell.

If I picked a 1960s oil boiler and a brand new gas boiler, I could get a very different number than from choosing the other way around.

StocktonFlyer

Utility Warehouse finally released there new rates.

Gas Standing charge 26.664p per day (up from 25.893p)
Gas per kwh unit 10.199p (up from 7.226p)

Electric Standing charge 48.398p per day (up from 47.590p)
Electric per kwh unit 32.238p (up from 27.090p)

This is in the North East of England.

The rises may seem modest, but last winter I was paying on the same variable tariff a price of only 3.954p per kwh of gas, and the electric standing charge was only half of what it is now. Yes, we had worse increases in April, but it never really had the impact in the low usage months. This will hit many homes hard.

debjay

Those on sainsburys smooth renew v20 - are you switching to SVT?

Telegraph_Sam

Our latest heating oil delivery [to central Scotland via a buying club that normally undercuts Boiler Juice & co] was priced at 86.9 p / litre. By my dodgy maths this equates to 96.65 p / m3 gas or 2.97 p / kWh gas. Can someone check and if necessary correct the workings and point out where I went wrong. Tks