Calculating what the price cap means for my consumption

whitling2k

Is there an easy way to work out what the price cap could mean for my own consumption?  The price cap is based on an average consumer - but we're very different to the average house.  Tight with gas and electric, but have a large house and an EV - which throws any meaningful comparison to the price cap out the window.

Is there a known way to compare my consumption to the 'average' then back-calculate and give an estimated personal forecast for my annual costs against the predicted October cap?  Or get a realistic range for standing charge & kwh gas/elec rates under the new cap in Oct?

I know it's probably all hypothetical, but it would help with adjusting our budget, because we're on a pre hittin' the fan fixed contract at the moment, so October will be a huge shock....  And I would like to work out how H-U-G-E is huge!

BUFF

The  Ofgem "average" is based on 3100kWh of electricity & 12,000kWh of gas (with Ofgem suggesting that will be ~£2800 on the October cap).
Are you on a special EV tariff? Is your supplier offering you a new fix?

Alnat1

If you do know your annual usage, try working out what that would be with the rates of one of the fixes now being offered. That would at least give you some idea.

[Deleted User]

Hi,

units used x unit price +5% vat if not already included.

eg: 100 units x 0.20p = £20 + 5% vat £4 = £24.

whitling2k

BUFF said:

The  Ofgem "average" is based on 3100kWh of electricity & 12,000kWh of gas (with Ofgem suggesting that will be ~£2800 on the October cap).

Alnat1 said:

If you do know your annual usage, try working out what that would be with the rates of one of the fixes now being offered. That would at least give you some idea.

This is what I was looking for - thanks

BUFF said:

Are you on a special EV tariff? Is your supplier offering you a new fix?

And no and no sadly..  I'm deciding whether to fix between now and October, take my chances in the wild-west, or put faith (well, money) into insulation .  We can't get a special EV tariff because of where we live (https://forums.moneysavingexpert.com/discussion/6207824/2nd-gen-smart-meters-in-ryedale-north-yorks/p1).  We can reduce the driving and other electricity costs - but our gas usage is already bare minimum for comfort - thermostat @ 18C and only on a few hrs in the morning and evening during winter months.  And it's still phenomenally high.

Elec: 6000kwh pa
Gas 21000kwh pa

Looking at the current fixes, we're going to need to find >£400 a month to stop the pipes freezing and get to work and back