Fixed gas/lecky fuel tariff rise from £1600 p/a to (estimated) £4600 p/a from October....

Jubudz

...just wondering how this compares to other members new tariffs?  The variable estimate is £2400 p/a but surely this will be a license to print money by the supplier & will go skyward from the first month.

Thanks.
J

Mstty

The thing that makes your energy bill goes skywards is energy use.

The base price for the standard variable tariff will be set by Ofgem for October on 26th August.

The profit margin for suppliers is to my knowledge still set to circa 2%

Astria

This important thing is what you are paying PER UNIT.

An estimate of £2400 - £4600 p/a is meaningless.

Prices are expected to rise this October, and then again in January and April next year, but they should reduce in July.

wild666

If you use electric and gas try lowering the temperatures on the boiler to 50 degrees for water and 55 degrees for heating and lower the thermostat to 18 degrees, lower if you can tolerate a lower temperature.
With electric turn off everything not in use except the fridge, freezer and router, appliances that can be turned off at the wall socket, not left in stand by mode include TV, DVD player, games consoles, surround sound equipment, smart speakers, cooker, washing machine, microwave oven, PC/Laptop, printers, stereos, shower, extractor fans and charging leads as well as any other items left in stand by mode.

Doing this lowered my electric bill by 35% and my gas bill by 65%.
Teach other family member to turn appliances off at the wall socket if not in use. 

The downside to using less and suppliers getting less profit is that they will want a bigger increase in bills so they don't lose money that is profit.

jimjames

Jubudz said:

...just wondering how this compares to other members new tariffs?  

I'm paying less than £4600 but I'm not sure that info will be of much use to you. As above the real things you want to compare are the unit rates

Alnat1

Simple answer, the only way to try and get your bills down is to use less.

macman

Alnat1 said:

Simple answer, the only way to try and get your bills down is to use less.

Fairly obvious, but the problem is that the OP doesn't know the cause of the high usage. Which is what we are trying to help establish.
It also ignores the possibility of a meter fault or domestic electrical fault.

Mstty

I don't think the OP has asked for any energy saving help at all they are just surprised that the variable price capped rate is £2400 a year for them so 22% above the notional average and they have read in the press the average user is going to be £4600 from October or potentially for them £5500 given their £'s and pence usage.

Scary stuff

When they come back to the thread perhaps they might want some help with reduction of energy?

pochase

To me it seems he has paid  £1600 on a fixed tariff and it goes up to £4600 on the next fix, but the current SVT is only £2400 (before October cap).

But each of us could be right here.