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GETTING YOUR GAS SUPPLY CAPPED
CAPDJPJFP757906
Posts: 12 Forumite
in Energy
Hi,
I've been thinking since I've just come out of a fixed energy package, I managed to get another fixed about 6 weeks ago, my payment like others have treble it's went from £125 to £322 per month for both gas and electric, however been thinking majority of my house is run on electricity, I only use the gas for heating and hot water (dishes), so my question I think I will save at least £100 if I get my gas capped off by my supplier, as effectively I'm paying £161 per month for my gas, gas that I hardly use, meaning when the colder months come and I use heaters which can be turned on and off as and when, I'm sure I will still be saving from my gas charge of £161 per month, what's people's thoughts on this?
I've been thinking since I've just come out of a fixed energy package, I managed to get another fixed about 6 weeks ago, my payment like others have treble it's went from £125 to £322 per month for both gas and electric, however been thinking majority of my house is run on electricity, I only use the gas for heating and hot water (dishes), so my question I think I will save at least £100 if I get my gas capped off by my supplier, as effectively I'm paying £161 per month for my gas, gas that I hardly use, meaning when the colder months come and I use heaters which can be turned on and off as and when, I'm sure I will still be saving from my gas charge of £161 per month, what's people's thoughts on this?
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Comments
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I think your logic only works if your energy costs are split exactly 50:50.0
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CAPDJPJFP757906 said:Hi,
I've been thinking since I've just come out of a fixed energy package, I managed to get another fixed about 6 weeks ago, my payment like others have treble it's went from £125 to £322 per month for both gas and electric, however been thinking majority of my house is run on electricity, I only use the gas for heating and hot water (dishes), so my question I think I will save at least £100 if I get my gas capped off by my supplier, as effectively I'm paying £161 per month for my gas, gas that I hardly use, meaning when the colder months come and I use heaters which can be turned on and off as and when, I'm sure I will still be saving from my gas charge of £161 per month, what's people's thoughts on this?You won't save anything because it'll cost you to cap and have the meter removed (easily £500 I would have thought). More than you think you're going to save and what you don't use in gas will just go onto your electricity bill. So you'd be paying at the electricity rate (three times the gas rate near enough) just to heat one room. One of the benefits of gas central heating is you can heat multiple rooms from one source.Also your direct debit is not your bill. And I could be picky here and say £322 is not treble of £125 either
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Your post makes no sense: sorry. If you are paying £161 a month for gas then you are a significant gas user. DD payments are only payments on account from which ACTUAL charges are deducted.
Your supplier will charge you for removing the gas meter and capping the supply. You need to take this into account when you are sitting at home in the cold. There is also a reconnection cost if you decide to reverse your decision.
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So you use gas to heat water to the kitchen only? Not to the washrooms, bath, shower?? Obviously you could use a electric kettle to heat water for the dishes but it may not actually be cost effective. Also using electric heating as that tends to be more costly that gas.
You need to check your bill for your actual use of each, including standing charges. Then see how the DD has been worked out. Has the energy company inflated your annual use and added 30% to "keep you safely ahead"? You may need to look back over your last year's bills to make an accurate assessment.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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It's cost £106 to remove the meter. £106 to reverse it, many suppliers don't charge[Deleted User] said:Your post makes no sense: sorry. If you are paying £161 a month for gas then you are a significant gas user. DD payments are only payments on account from which ACTUAL charges are deducted.
Your supplier will charge you for removing the gas meter and capping the supply. You need to take this into account when you are sitting at home in the cold. There is also a reconnection cost if you decide to reverse your decision.
No matter how much gas I use, I will still be paying a minimum standard cost of £161 per month for gas, that I hardly use, so going forward my cost is always going to be a minimum of £322 per month for both gas and electric, I'm sure if I got my gas capped off,as I'd say that already use 90% electricity Inthe house, I'd be better of, me taking into account the extra I will use on the electricity for use of heaters in the winter months0 -
It's cost £106 to remove the meter. £106 to reverse it, many suppliers don't chargeNeil_Jones said:CAPDJPJFP757906 said:Hi,
I've been thinking since I've just come out of a fixed energy package, I managed to get another fixed about 6 weeks ago, my payment like others have treble it's went from £125 to £322 per month for both gas and electric, however been thinking majority of my house is run on electricity, I only use the gas for heating and hot water (dishes), so my question I think I will save at least £100 if I get my gas capped off by my supplier, as effectively I'm paying £161 per month for my gas, gas that I hardly use, meaning when the colder months come and I use heaters which can be turned on and off as and when, I'm sure I will still be saving from my gas charge of £161 per month, what's people's thoughts on this?You won't save anything because it'll cost you to cap and have the meter removed (easily £500 I would have thought). More than you think you're going to save and what you don't use in gas will just go onto your electricity bill. So you'd be paying at the electricity rate (three times the gas rate near enough) just to heat one room. One of the benefits of gas central heating is you can heat multiple rooms from one source.Also your direct debit is not your bill. And I could be picky here and say £322 is not treble of £125 either
No matter how much gas I use, I will still be paying a minimum standard cost of £161 per month for gas, that I hardly use, so going forward my cost is always going to be a minimum of £322 per month for both gas and electric, I'm sure if I got my gas capped off,as I'd say that already use 90% electricity Inthe house, I'd be better of, me taking into account the extra I will use on the electricity for use of heaters in the winter months
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You are paying a standing charge of about £10 for gas, not £161.
The other £151 you are paying every month, because you use that much gas in winter for heating. You are a heavy gas user the way you describe it, 12 x 151 = £1812 is more than 24000KWh, double the average used by Ofgem for the cap calculations.
Is your usage of gas really exactly half of the monthly fixed direct debit, or are you just making it up that if you have gas and electricity the cost is half and half?
Btw. Your direct debit will go up by another 80% in October.
What is your annual usage for electricity and gas in KWh?
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Shower electric, I can heat water up to do the dishes, which no doubt to just ignite the flame for gas to heat water it's going cost just as much as flicking the switch on the kettleBrie said:So you use gas to heat water to the kitchen only? Not to the washrooms, bath, shower?? Obviously you could use a electric kettle to heat water for the dishes but it may not actually be cost effective. Also using electric heating as that tends to be more costly that gas.
You need to check your bill for your actual use of each, including standing charges. Then see how the DD has been worked out. Has the energy company inflated your annual use and added 30% to "keep you safely ahead"? You may need to look back over your last year's bills to make an accurate assessment.0 -
If you pay £161 a month for gas and you decide to not to use any then £(161x 12) less the annual standing charge will appear as a credit on your account. The supplier is not charging you £161 a month for gas. You only pay for the gas that you use at the agreed tariff price.CAPDJPJFP757906 said:
It's cost £106 to remove the meter. £106 to reverse it, many suppliers don't charge[Deleted User] said:Your post makes no sense: sorry. If you are paying £161 a month for gas then you are a significant gas user. DD payments are only payments on account from which ACTUAL charges are deducted.
Your supplier will charge you for removing the gas meter and capping the supply. You need to take this into account when you are sitting at home in the cold. There is also a reconnection cost if you decide to reverse your decision.
No matter how much gas I use, I will still be paying a minimum standard cost of £161 per month for gas, that I hardly use, so going forward my cost is always going to be a minimum of £322 per month for both gas and electric, I'm sure if I got my gas capped off,as I'd say that already use 90% electricity Inthe house, I'd be better of, me taking into account the extra I will use on the electricity for use of heaters in the winter months
If you get rid of gas then any extra electricity that you use for heating; heating water etc will appear as an extra charge on your account. Given the difference in the kWh cost between gas and electricity you might be surprised how much this extra cost comes to.If your logic was sound, then people would be lining up to get rid of their gas boilers in favour of a heat pump. Even with £5k assistance from the Government the take up has been very low: why, because of the high cost of electricity.
This appeared on another forum a little earlier:
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That's not right at all, you got in it completely wrong, my house is 90% electricity use, yes I may be assuming the £322per month is split for both gas and electricity, I've been with the company for 6 weeks my first full payment came out yesterday of £322 for 1 month, so can you explain to me considering no heating is on due to the weather etc, I'm fixed I no it's the rates that are fixed not the actual cost, but the minimum payment is £322 due to the cost of rates already double or trebbled, my question is using my electricity surely it will still save me at least £100 cost from gas if I get it capped, because we don't very rarely use gas,pochase said:You are paying a standing charge of about £10 for gas, not £161.
The other £151 you are paying every month, because you use that much gas in winter for heating. You are a heavy gas user the way you describe it, 12 x 151 = £1812 is more than 24000KWh, double the average used by Ofgem for the cap calculations.
Is your usage of gas really exactly half of the monthly fixed direct debit, or are you just making it up that if you have gas and electricity the cost is half and half?
Btw. Your direct debit will go up by another 80% in October.
What is your annual usage for electricity and gas in KWh?0
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