energy prices

liz503

just went onto Scottish Power as my current fixed term stops end of Aug.  Whats been quoted Keeps changing on a daily basis. from the 1st Sept for the year they're predicting
£4244.88 already. 1 YEAR  FLEXI TARIFF £350 A MONTH

[Deleted User]

If you see a tariff you think you may want, grab it now. You can always back out in the cooling off period if you think prices are softening.

Remember to look at the rates through, not the total cost, so you can make an informed decision.

TRON

liz503 said:

just went onto Scottish Power as my current fixed term stops end of Aug.  Whats been quoted Keeps changing on a daily basis. from the 1st Sept for the year they're predicting
£4244.88 already. 1 YEAR  FLEXI TARIFF £350 A MONTH

Yeah at this point they are taking advantage of people just hoping they hit the button. Greedy scum. 

GingerTim

Remember that the direct debit total is not necessarily a useful comparison and is not your bill - you need to take your actual usage in kwh and work out how much you will pay from the unit rates. If you post your usage in the last 12 months and the tariff details then I'm sure some knowledgeable person on here will be able to advise how much you can  expect to pay.

pochase

Be very careful with this tariff. While the major part of it is fixed there are some components that are not, and your cost can increase if those increase.

liz503

GingerTim said:

Remember that the direct debit total is not necessarily a useful comparison and is not your bill - you need to take your actual usage in kwh and work out how much you will pay from the unit rates. If you post your usage in the last 12 months and the tariff details then I'm sure some knowledgeable person on here will be able to advise how much you can  expect to pay.

I posted last year comparison £ v kwh but no one has replied to it yet. Thanks 

liz503

GingerTim said:

Remember that the direct debit total is not necessarily a useful comparison and is not your bill - you need to take your actual usage in kwh and work out how much you will pay from the unit rates. If you post your usage in the last 12 months and the tariff details then I'm sure some knowledgeable person on here will be able to advise how much you can  expect to pay.

I posted them last week but no one replied. Thanks Liz 

liz503

I posted all my information last week hoping that someone would have look at the sums for me.
£v kwh usage for 2021.

Phlik

It's easy enough to work out yourself.

(Elec Unit rate x annual usage ) + (elec standing charge x 365) = total electric cost per year

If you have the kWh used for gas then use the same calculation above but with the gas unit rate and attending charge.
If you're converting direct from meter readings then it will depend if your meter is in ft3 or m3, there will be a conversion formula on your last bill.

Do that for the current svt and also for the fixed rate  tariff you're being offered. Ultimately it will be then down to you to decide whether it's worth fixing or not. 

DE_612183

This was the previous post:

Hi my DD is in credit by £150
kwh for 2021
gas 10224
elect 4078
Old Rate Gas                             New Rate Gas 
SC              20.550p                   SC             21.46
Unit Rate    3.354                       Unit Rate   17.09

Old Rate Elect                            New Rate Elect
SC              17.310                      SC            43.88                       
Unit Rate    16.755                     Unit Rate   51.91

Variable Rate 
Gas                                      Elect
SC              40p                    SC            40P
Unit Rate    7.7                     Unit Rate  28p  

jimjames

liz503 said:

just went onto Scottish Power as my current fixed term stops end of Aug.  Whats been quoted Keeps changing on a daily basis. from the 1st Sept for the year they're predicting
£4244.88 already. 1 YEAR  FLEXI TARIFF £350 A MONTH

Those numbers are not the current price cap, that is a fixed tariff they are offering despite calling Flexi. Current SVT capped rate is around 30p electric, 8p gas currently but will go up in Oct. Prices will be much more as you've been on a fix for 2 years and protected from any rises. The SVT cap is more than your previous bill but not as much (yet) as the fix offered