The last good fix left on the market...but for how long?

Mstty

@danco

To caveat the below we work from home and we don't have to follow the normal rhythm of a household we can avoid 4-8pm like the plague easily on the tide tariff 

To cover summer first

We currently use on average 7kwh a day during summer (April-Sept) that's all our hot water but excludes

Of our average 7kwh usage a day 5kwh is dishwasher/washing machine/tumble dryer and hot water (plus appliances running this 7 hours 00:00-07:00) We are early birds up 05:30am so that's good for the tumble dryer as the washing machine/dishwasher all have delay timers to utilise the the 00:00-07:00

So that leaves what we call our base load which includes all items we use like fridge freezers, echos, TV's, iPads and cooking.

Summer comes out at 29.36p.

Winter is different October to March we use an average 25kwh a day but again would avoid anything 4-8pm and we would do as much as possible in the 00:00-07:00 cheap rate window.

We would be able to use conservatively  12 kWh over night at 25p kwh 0.4kwh 4-8pm at 70p kWh and the rest at 35p kWh as a rule of thumb

Comes out at 30.76p

If we had not fixed for 2 years at 29.24p kWh back in April this year we would have given this a really good crack as a household as we are all into our energy saving👍 (we know as a family we can get winter down closer to 30p that would be the challenge 💪

danco

Yes, I see what you are doing, and why it comes out much less than my figure. My calculation gives the average cost per kWh for an item that is on all the time (such as fridge and freezer).

But I think I use more energy than you during the summer. I'll have to see why. As I am going on the Tide tariff I will have an IHD and can more easily see what I am using with items turned on.

wittynamegoeshere

I'll just add that it was me that made all the noise about GEUK being outside of the cap.  But that doesn't mean it's a bad deal, just that it's something to consider.  There isn't a risk-free option, on any fixed or variable capped tariff, we're living in extremely uncertain times.

I decided it was the best option that's currently available and am in the process of switching.

However, I did decide against the Tide tariff, as it's almost twice the price between 4pm-8pm, only about 10% off the standard tariff at off-peak times and only substantially cheaper between midnight and 7am.  That probably makes it unsuitable for most who don't store electricity in some way, e.g. storage heaters or an electric car.  I doubt that just a hot water cylinder would be enough of a load to justify choosing this tariff.  I definitely don't want to turn our entire lifestyle upside down and cause a load of household stress to possibly save a few quid.

Effician

Just opted for the electric only sparkling E7 tariff, if accepted & all goes well i'm hoping for a variable D/D in possibly  Aug then Sept & Oct . With a bit of luck that will be my last D/D payment until around June/July next year as log as the £400 materializes.( Very low user)

Not switched in 20+ yrs so if it all goes wrong i'll blame you lot

wittynamegoeshere

Effician said:

Not switched in 20+ yrs so if it all goes wrong i'll blame you lot

Blame Martin Lewis, personally and entirely.  That's what everyone else does if things don't go absolutely perfectly.

danco

wittynamegoeshere said:

However, I did decide against the Tide tariff, as it's almost twice the price between 4pm-8pm, only about 10% off the standard tariff at off-peak times and only substantially cheaper between midnight and 7am.  That probably makes it unsuitable for most who don't store electricity in some way, e.g. storage heaters or an electric car.  I doubt that just a hot water cylinder would be enough of a load to justify choosing this tariff.  I definitely don't want to turn our entire lifestyle upside down and cause a load of household stress to possibly save a few quid.

Certainly the saving with the Tide tariff is too small to make a change in lifestyle worthwhile. But for some of us there's little change involved, so one may as well get the saving. For instance, I am a single retired person, in an all-electric flat, just have a bowl of soup in the evening, and my heating is communal and not charged against my standard electricity supply. So I can easily make sure I use very llttle energy in the peak period.

Mstty

Sadly the cheap V6 Sparkling tariff was pulled today

I am in the camp that is glad once they met their full subscription on V6 Sparkling Tariff they increased the price and moved it to v7. It shows they are planning ahead.

If the touted £3600 price cap in October comes to fruition green energy still comes out £250 cheaper on Sparkling Tariff v7 using 12000kwh gas and 2900 kWh Elec.

Less attractive but if it's still here when the Ofgem announcement breaks in August might be worth hopping on.