To not understand this whole Energy palaver

K1977

victor2 said:

K1977 said:

victor2 said:

K1977 said:

I am useless with maths and figures and I'm hearing so much lately about should you fix or not, I,m looking for any advice on what I should do, I'm currently on standard tariff Gas 7.22 KW, standing charge 27.22 per day Electric 27.09 KW standing charge 48.65 per day, there is a fix available from my current supplier Gas 11.15 KW, standing charge 27.22 per day Electric 38.62 KW standing charge 48.65 per day, it says my total estimated annual usage would be £2326.86 and the estimated direct debit would be a lot higher than I'm currently paying, if anyone is good with figures does this sound like a good deal in the long term considering the current situation or would I be better off just sticking where I am?

Most advice nowadays is to just stay where you are. There will inevitably be an increase in October, but nobody knows by how much.

Look at your past bills and find one from about a year ago and take meter readings now. From that you can calculate what your annual usage has been in kWh. Alternatively find two bills a year apart and use them to do the same calculation. If nothing has changed in the way you run your house, then that sahould be a good estimation of your next 12 month's usage. Always work in kWh, not money. Convert the kWh to a cost once you know what it is. Do not rely on supplier's forecasts of what your future usage is estimated to be.

Once you know the usage in kWh, you can work out the cost on the current tariff, if the rates remained the same for a year. Compare that to the cost on the fixed tariff (which is presumably a year). The difference will be how much of an increase you would have to face in October to break even, assuming you currently have a zero balance on your account..

Quite a bit of maths, but if you can provide your actual annual usage figures, I'm sure someone will help with that if necessary.

I haven't been with my current provider for a year yet as I was switched to them a few months ago when my previous supplier went bust, my current supplier states my current expected annual use is £1647.92 

Can you find a bill from about a year ago and take your readings now? With electricity it's easy to calculate the kWh used just by subtracting the old number from the current. With gas it's a bit more tricky, but just tell us the readings and if the meter has m3 on it somewhere, rather than ft3, and we can figure it out for you. So long as neither meter has been changed in the last year, that should work.

The only bill I can find is my final bill from my old supplier dated September last year, it states my estimated annual usage was Gas 11275 kWh and Electric 2453.6 kWh, my meter readings on 26th September were Gas 2914 and Electric 6367 my present meter reading with my current supplier are Gas 3589 and Electric 7514, I hope this helps

victor2

K1977 said:

victor2 said:

K1977 said:

victor2 said:

K1977 said:

I am useless with maths and figures and I'm hearing so much lately about should you fix or not, I,m looking for any advice on what I should do, I'm currently on standard tariff Gas 7.22 KW, standing charge 27.22 per day Electric 27.09 KW standing charge 48.65 per day, there is a fix available from my current supplier Gas 11.15 KW, standing charge 27.22 per day Electric 38.62 KW standing charge 48.65 per day, it says my total estimated annual usage would be £2326.86 and the estimated direct debit would be a lot higher than I'm currently paying, if anyone is good with figures does this sound like a good deal in the long term considering the current situation or would I be better off just sticking where I am?

Most advice nowadays is to just stay where you are. There will inevitably be an increase in October, but nobody knows by how much.

Look at your past bills and find one from about a year ago and take meter readings now. From that you can calculate what your annual usage has been in kWh. Alternatively find two bills a year apart and use them to do the same calculation. If nothing has changed in the way you run your house, then that sahould be a good estimation of your next 12 month's usage. Always work in kWh, not money. Convert the kWh to a cost once you know what it is. Do not rely on supplier's forecasts of what your future usage is estimated to be.

Once you know the usage in kWh, you can work out the cost on the current tariff, if the rates remained the same for a year. Compare that to the cost on the fixed tariff (which is presumably a year). The difference will be how much of an increase you would have to face in October to break even, assuming you currently have a zero balance on your account..

Quite a bit of maths, but if you can provide your actual annual usage figures, I'm sure someone will help with that if necessary.

I haven't been with my current provider for a year yet as I was switched to them a few months ago when my previous supplier went bust, my current supplier states my current expected annual use is £1647.92 

Can you find a bill from about a year ago and take your readings now? With electricity it's easy to calculate the kWh used just by subtracting the old number from the current. With gas it's a bit more tricky, but just tell us the readings and if the meter has m3 on it somewhere, rather than ft3, and we can figure it out for you. So long as neither meter has been changed in the last year, that should work.

The only bill I can find is my final bill from my old supplier dated September last year, it states my estimated annual usage was Gas 11275 kWh and Electric 2453.6 kWh, my meter readings on 26th September were Gas 2914 and Electric 6367 my present meter reading with my current supplier are Gas 3589 and Electric 7514, I hope this helps

Does that bill show previous readings as well? Assuming it does, they will go back a bit further, which will help a bit.

K1977

victor2 said:

K1977 said:

victor2 said:

K1977 said:

victor2 said:

K1977 said:

I am useless with maths and figures and I'm hearing so much lately about should you fix or not, I,m looking for any advice on what I should do, I'm currently on standard tariff Gas 7.22 KW, standing charge 27.22 per day Electric 27.09 KW standing charge 48.65 per day, there is a fix available from my current supplier Gas 11.15 KW, standing charge 27.22 per day Electric 38.62 KW standing charge 48.65 per day, it says my total estimated annual usage would be £2326.86 and the estimated direct debit would be a lot higher than I'm currently paying, if anyone is good with figures does this sound like a good deal in the long term considering the current situation or would I be better off just sticking where I am?

Most advice nowadays is to just stay where you are. There will inevitably be an increase in October, but nobody knows by how much.

Look at your past bills and find one from about a year ago and take meter readings now. From that you can calculate what your annual usage has been in kWh. Alternatively find two bills a year apart and use them to do the same calculation. If nothing has changed in the way you run your house, then that sahould be a good estimation of your next 12 month's usage. Always work in kWh, not money. Convert the kWh to a cost once you know what it is. Do not rely on supplier's forecasts of what your future usage is estimated to be.

Once you know the usage in kWh, you can work out the cost on the current tariff, if the rates remained the same for a year. Compare that to the cost on the fixed tariff (which is presumably a year). The difference will be how much of an increase you would have to face in October to break even, assuming you currently have a zero balance on your account..

Quite a bit of maths, but if you can provide your actual annual usage figures, I'm sure someone will help with that if necessary.

I haven't been with my current provider for a year yet as I was switched to them a few months ago when my previous supplier went bust, my current supplier states my current expected annual use is £1647.92 

Can you find a bill from about a year ago and take your readings now? With electricity it's easy to calculate the kWh used just by subtracting the old number from the current. With gas it's a bit more tricky, but just tell us the readings and if the meter has m3 on it somewhere, rather than ft3, and we can figure it out for you. So long as neither meter has been changed in the last year, that should work.

The only bill I can find is my final bill from my old supplier dated September last year, it states my estimated annual usage was Gas 11275 kWh and Electric 2453.6 kWh, my meter readings on 26th September were Gas 2914 and Electric 6367 my present meter reading with my current supplier are Gas 3589 and Electric 7514, I hope this helps

Does that bill show previous readings as well? Assuming it does, they will go back a bit further, which will help a bit.

The only other readings on the bill are dated 15th September and were Gas 2898 and electric 6316 

victor2

OK. Few assumptions to make, but here goes...

First is that all these readings are actual, not estimates, and that you have a metric gas meter.

15/9/21 - Gas 2898, electric 6316

4/5/22 - Gas 3589, electric 7514

Electricity:

7514-6316 = 1198kWh over 231 days. That equates to 1893kWh per year if your daily use of electricity is constant. It quite possibly is, or if anything will be slightly less for the missing summer months.

Gas:

3589-2898 = 691 cubic meters over 231 days, including winter.

Over the same period, I had used 90% of my annual gas, so if we apply that, it comes out at 766 m3 per year.

That equates to something like 8,573kWh of gas per year.

These figures are considerably less than your supplier's estimates, and are less than a "typical" home.

But using those gives an annual cost of £1,409 on your present tariff, or £1,964 on the fix you've been offered, or £117 per month versus £164 (assuming you don't have a large debit balance to pay off).

Quite a difference, and you are unlikely to benefit from the fix, even if prices go up substantially in October. You will use most of your gas in the winter months at the as yet unknown higher rate, but equally, you would start paying more for both gas and electricity now if you went onto the fix.

Hope that helps, and doesn't muddy the water even more!

K1977

victor2 said:

OK. Few assumptions to make, but here goes...

First is that all these readings are actual, not estimates, and that you have a metric gas meter.

15/9/21 - Gas 2898, electric 6316

4/5/22 - Gas 3589, electric 7514

Electricity:

7514-6316 = 1198kWh over 231 days. That equates to 1893kWh per year if your daily use of electricity is constant. It quite possibly is, or if anything will be slightly less for the missing summer months.

Gas:

3589-2898 = 691 cubic meters over 231 days, including winter.

Over the same period, I had used 90% of my annual gas, so if we apply that, it comes out at 766 m3 per year.

That equates to something like 8,573kWh of gas per year.

These figures are considerably less than your supplier's estimates, and are less than a "typical" home.

But using those gives an annual cost of £1,409 on your present tariff, or £1,964 on the fix you've been offered, or £117 per month versus £164 (assuming you don't have a large debit balance to pay off).

Quite a difference, and you are unlikely to benefit from the fix, even if prices go up substantially in October. You will use most of your gas in the winter months at the as yet unknown higher rate, but equally, you would start paying more for both gas and electricity now if you went onto the fix.

Hope that helps, and doesn't muddy the water even more!

So from what I have read and understood to my ability it seems like you're saying I'm probably best off sticking with what I already have, thanks so much for taking the time to help and for working out all the sums for me, I'm really not great at this kind of stuff, much appreciate it 👍