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

[Deleted User]

Telegraph_Sam said:

I'd be genuinely interested to know if there is evidence for this stance IF Octopus' ToU "innovative" tariffs are included in the analysis.

Given that an annual cost cannot be calculated for time-of-use tariffs, a standard comparison will never work. Even though Octopus Tracker is technically not a ToU tariff without knowing future daily prices then any comparison will also be useless.

BEIS has produced a software tool that pulls 12 months’ worth of 30 minute usage data from a smart meter and then overlays it over all tariffs. This tool is yet to be taken up by price comparison websites. There is the not insubstantial problem of getting DCC approval to connect to the smart meter network.

Telegraph_Sam

Granted that the answer to my query is inevitably going to be a least worst approximation at best. the alternative would be to jump in without doing any homework / comparisons. Is the BEIS tool available to non-tec consumers?

brickwall001

my current rates are as follow.

EDF - LONDON - contract ends Feb 2024 - £100 exit fee per fuel.
Gas - SC:27.22p UNIT: 9.042p
Elec - SC:37.92p UNIT: 32.94p

Gas pa: 48382 kwh / Elec pa: 16895kwh

Currently variable rates are 1p lower, not to concerned about the standing charges, as high usage will offset this. My concern is come winter, are rates likely to go higher than what i'm paying now? as my gas usage is higher in winter.

stay put or move to variable?

[Deleted User]

Telegraph_Sam said:

Granted that the answer to my query is inevitably going to be a least worst approximation at best. the alternative would be to jump in without doing any homework / comparisons. Is the BEIS tool available to non-tec consumers?

No. The beta version is just a demonstrator that uses artificial tariffs. If you want to stick with ToU tariffs that use variable pricing then you have to treat them as if you were buying into shares. No one, even with the BEIS tool, is going to able to show that you will pay less on Tracker than a fixed tariff. If you go fixed, then you have price certainty for the next 12 months.

Emma6

EdF on Southern Gas Network

SVR paid on a monthly DD estimated by EdF from 1st July 2023:-

7.538p/kWh + 29.11p/day

Note: Calorific Value supplied by National Grid that EdF uses for billing is averaged over 6 months, not monthly as other gas suppliers do.

Telegraph_Sam

For the sake of comparisons we have to know not only the individual tariff costs and charges, but in the case of Octopus smart / ToU tariffs the strings that are attached (time slots etc). "All our Tariffs" gives the former but not the latter.

Question: Is there an easy way of comparing the various individual ToU tariff "restrictions"?

My point is that it is perfectly possible to compare fixed and non-fixed tariffs provided one takes into account that they are different animals. One can make a judgement over whether the cost differentials with the former do or do not compensate for the uncertainties with the latter.

QrizB

Telegraph_Sam said:

For the sake of comparisons we have to know not only the individual tariff costs and charges, but in the case of Octopus smart / ToU tariffs the strings that are attached (time slots etc). "All our Tariffs" gives the former but not the latter.

Question: Is there an easy way of comparing the various individual ToU tariff "restrictions"?

Most of them have pages at energy-stats.uk that give details of the times-of-use. Here's an example:

https://energy-stats.uk/octopus-agile-southern-england/

cinders59

My fixed 2 yr tariff with EDF just ended, my DD has gome up from £96 to £170, they have put me on Standard Variable : 


Electricity unit rate: 30.22p per kWh
Daily standing charge: 53.83p per day

Gas unit rate: 7.664p per kWh
Daily standing charge: 29.11p per day

Is it worth going onto their fixed 1 year Tariff with 

EDF Energy
Essentials Exclusive Jul24
Fixed for 12 months

- £2,100 a year
- £150 dual-fuel exit fees

Also I was in credit after my latest 6 monthly bill , amount of £230, do I request a refund or leave it in there

RG2015

cinders59 said:

My fixed 2 yr tariff with EDF just ended, my DD has gome up from £96 to £170, they have put me on Standard Variable : 


Electricity unit rate: 30.22p per kWh
Daily standing charge: 53.83p per day

Gas unit rate: 7.664p per kWh
Daily standing charge: 29.11p per day

Is it worth going onto their fixed 1 year Tariff with 

EDF Energy
Essentials Exclusive Jul24
Fixed for 12 months

- £2,100 a year
- £150 dual-fuel exit fees

Also I was in credit after my latest 6 monthly bill , amount of £230, do I request a refund or leave it in there

What rates have you been offered for the one year fix?

cinders59

I have looked on my account and cannot find a breakdown that is why I havent signed up to it, It is not showing the detaled breakdown of rates

It just says get our cheapest rates