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

QrizB

I can't check your maths as you haven't explained how you reached those answers, but they're wrong. It's about 8.4p/litre.

[Deleted User]

Telegraph_Sam said:

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

86.9p per litre is about 86.9/10.5 p per kWh.

Or about 8.28p per kWh.

Stop trying to convert to m3.

Keith_F

Slightly off topic BUT!
Octopus Agile overnight rate tonight?
Octopus are PAYING YOU to use electricity!

[Deleted User]

Keith_F said:

Slightly off topic BUT!
Octopus Agile overnight rate tonight?
Octopus are PAYING YOU to use electricity!

Yes, that happens sometimes.

Gollom122

I re fixed with British Gas a few months ago on an existing customers only offer. 

Looking at the tariffs my cost per unit for both gas and electricity is below the government price guarantee but my daily standing charge is greater than the guarantee. 

An idea what BG will do in these circumstances as clearly my usage may or may not negate the daily charge and may or may not beat the price guarantee. 

[Deleted User]

Gollom122 said:

I re fixed with British Gas a few months ago on an existing customers only offer. 

Looking at the tariffs my cost per unit for both gas and electricity is below the government price guarantee but my daily standing charge is greater than the guarantee. 

An idea what BG will do in these circumstances as clearly my usage may or may not negate the daily charge and may or may not beat the price guarantee. 

Likely nothing, because there has not been any mention of discount to standing charges on fixed tariffs as part of the EPG.

basketcase

Gollom122 said:

I re fixed with British Gas a few months ago on an existing customers only offer. 

Looking at the tariffs my cost per unit for both gas and electricity is below the government price guarantee but my daily standing charge is greater than the guarantee. 

An idea what BG will do in these circumstances as clearly my usage may or may not negate the daily charge and may or may not beat the price guarantee. 

Would they not either credit your account or lower your DD for that month if it's variable?

Gollom122

basketcase said:

Gollom122 said:

I re fixed with British Gas a few months ago on an existing customers only offer. 

Looking at the tariffs my cost per unit for both gas and electricity is below the government price guarantee but my daily standing charge is greater than the guarantee. 

An idea what BG will do in these circumstances as clearly my usage may or may not negate the daily charge and may or may not beat the price guarantee. 

Would they not either credit your account or lower your DD for that month if it's variable?

I’m not stressed about the DD amount. My query is whether they’ll continually check which is best on a daily basis until my fix ends next June, or whether they’ll leave me on the tariff or switch me to the guarantee because I can’t see it being a simple decision. 

[Deleted User]

Gollom122 said:

basketcase said:

Gollom122 said:

I re fixed with British Gas a few months ago on an existing customers only offer. 

Looking at the tariffs my cost per unit for both gas and electricity is below the government price guarantee but my daily standing charge is greater than the guarantee. 

An idea what BG will do in these circumstances as clearly my usage may or may not negate the daily charge and may or may not beat the price guarantee. 

Would they not either credit your account or lower your DD for that month if it's variable?

I’m not stressed about the DD amount. My query is whether they’ll continually check which is best on a daily basis until my fix ends next June, or whether they’ll leave me on the tariff or switch me to the guarantee because I can’t see it being a simple decision. 

There is no ‘on a daily basis’. There is a typical usage against which everything is compared.

A fix above that, you get discount. A fix below, you do not.  And there is no discount on SC.

Up to you if you want to switch apart from that.

Chesney18

Should I act?  My supplier has a cunning plan .... 

My domestic energy provider has proposed we terminate my fixed price energy contract early.  If I fall back to the standard capped prices, my supplier will then get the full government EPG rebate (like all normal households) on my behalf.  This change comes at no extra cost to my supplier (I assume they have already bulk hedged/fixed their energy supply costs long term, to cover all their fixed price contracts).   We (me and my supplier) can then share this windfall from he government between us.  This seems immoral, perhaps illegal, but because I will be better off, my domestic energy supplier is not asking me to comment or agree to this plan. It will happen automatically.

EPG is clearly explained on .go.uk search "Energy bills support factsheet" - many domestic fixed price tariff customers will not get the fully EPG support, because they don't need it, they fixed at a reasonably low energy price (below the recent Ofgem cap)