Help to estimate how much from October

N_Pars

Hi, 

Whilst we are waiting to hear the new prices from EDF I am trying to get even a rough idea of how much it will cost us from October.

We are on EDF standard variable E7 prepayment tariff. 

Our annual usage is 
Day - 2584
Night - 8007

I don't know if that is about right for an all electric property?

Also if it helps we were putting on approx £160pm in the winter months.
We are currently using around £1.80 a day.

I am along with everyone else very worried 😔
Thank you 

MattMattMattUK

N_Pars said:

Hi, 

Whilst we are waiting to hear the new prices from EDF I am trying to get even a rough idea of how much it will cost us from October.

We are on EDF standard variable E7 prepayment tariff. 

Our annual usage is 
Day - 2584
Night - 8007

I don't know if that is about right for an all electric property?

Also if it helps we were putting on approx £160pm in the winter months.
We are currently using around £1.80 a day.

I am along with everyone else very worried 😔
Thank you 

Unfortunately none of the providers have published their E7 splits yet, I think have most have said this week or next, the way that they have to calculate them in line with the cap gives them quite a wide range of flexibility in the price they set for the day rate vs night rate.

It is hard to tell if that is correct for an all electric property without knowing how many people, the usage etc. If you were one or two people with good insulation that usage is very high, it is reasonable for a family of four for example. 

Unfortunately with your usage I would expect a significant rise, how much it will cost I don't know as it will really depend on the E7 split, however I would expect the cost to be somewhere between £250 and £500 pcm. 

N_Pars

Thank you for your reply.

There is 3 of us, 2 adults 1 child in a 2 bed property.

Those numbers are scary 😩

PZ19

I suspect a simple calculation would be to multiply your current rates by 80% and leave standing charge around same to get the maximum you may face.  As mentioned above This isn’t how they work E7 out though so expect to pay a bit less.  The really scary part is by April current forecasts are for double what they are going up to in October!  Remember you are getting £400 back (£67pm) from the govt so knock that off any increase in direct debit payments 

pochase

Only a very rough idea as E7 depends on how the supplier sets day to night unit rates, and it is also very different between regions. If you give your current rates it can be done more exactly.

EDF has huge difference just within the regions. Yorkshire is 31.56p to 18.10p, while Eastern is 35.28p and 13.4p.

As you are a heavy user I will work with the Eastern region, as best case scenario.

The unit rates for electricity increase by 86% (28p to 52p) and I am assuming the same increase for E7 tariffs. This would make it 65.4p and 24.9p.

The total day cost would be £1696.30, night 1995.66 plus £170 standing charge totalling 3861.96, or in average 321.83pm over a 12 month period.

I am assuming your £160 winter cost was still at the old October 2021 cap rates. £400 or more sounds likely now (54% increase plus 80% increase even so this very inaccurate).

For January onward you need to prepare yourself for over £600 for the remaining winter months with heating required if the predicted next 50% increase will happen.

What region or you in or what is your current day/night rate?

N_Pars

pochase said:

Only a very rough idea as E7 depends on how the supplier sets day to night unit rates, and it is also very different between regions. If you give your current rates it can be done more exactly.

EDF has huge difference just within the regions. Yorkshire is 31.56p to 18.10p, while Eastern is 35.28p and 13.4p.

As you are a heavy user I will work with the Eastern region, as best case scenario.

The unit rates for electricity increase by 86% (28p to 52p) and I am assuming the same increase for E7 tariffs. This would make it 65.4p and 24.9p.

The total day cost would be £1696.30, night 1995.66 plus £170 standing charge totalling 3861.96, or in average 321.83pm over a 12 month period.

I am assuming your £160 winter cost was still at the old October 2021 cap rates. £400 or more sounds likely now (54% increase plus 80% increase even so this very inaccurate).

For January onward you need to prepare yourself for over £600 for the remaining winter months with heating required if the predicted next 50% increase will happen.

What region or you in or what is your current day/night rate?

I've just had a look at our EDF account but it doesn't show our current rates 🤦🏻‍♀️
We are Eastern Region. 

I didn't realise we would be considered a high user. I wonder what the average all electric house uses, out of curiosity. 

£600pm is unbelievable. I really don't know what to do. 

N_Pars

This is all I get when I click on tariff details on our account. 

pochase

Data for April 2022 SVT.



You seem to be on prepaid, and at least for your usage that is the best choice. Day rate 1.4p more expensive, but night rates 2.3p cheaper and 5p more for standing charges gives you an annual saving of £120 for your usage split.

Using the same assumptions as in my initial post the new rates could be 68.3p and 24.9p, so £% more per month based on the October cap.

N_Pars

pochase said:

Data for April 2022 SVT.



You seem to be on prepaid, and at least for your usage that is the best choice. Day rate 1.4p more expensive, but night rates 2.3p cheaper and 5p more for standing charges gives you an annual saving of £120 for your usage split.

Using the same assumptions as in my initial post the new rates could be 68.3p and 24.9p, so £% more per month based on the October cap.

Thank you.

Hopefully EDF will release the October prices soon.

We will need to think of ways to reduce our usage. The price increase in January is around the same time our mortgage fixed rate ends too. This is worrying. 

CheekyMikey

N_Pars said:

pochase said:

Only a very rough idea as E7 depends on how the supplier sets day to night unit rates, and it is also very different between regions. If you give your current rates it can be done more exactly.

EDF has huge difference just within the regions. Yorkshire is 31.56p to 18.10p, while Eastern is 35.28p and 13.4p.

As you are a heavy user I will work with the Eastern region, as best case scenario.

The unit rates for electricity increase by 86% (28p to 52p) and I am assuming the same increase for E7 tariffs. This would make it 65.4p and 24.9p.

The total day cost would be £1696.30, night 1995.66 plus £170 standing charge totalling 3861.96, or in average 321.83pm over a 12 month period.

I am assuming your £160 winter cost was still at the old October 2021 cap rates. £400 or more sounds likely now (54% increase plus 80% increase even so this very inaccurate).

For January onward you need to prepare yourself for over £600 for the remaining winter months with heating required if the predicted next 50% increase will happen.

What region or you in or what is your current day/night rate?

I've just had a look at our EDF account but it doesn't show our current rates 🤦🏻‍♀️
We are Eastern Region. 

I didn't realise we would be considered a high user. I wonder what the average all electric house uses, out of curiosity. 

£600pm is unbelievable. I really don't know what to do. 

The only thing to do is pray very hard that this government finally gets something right to keep the absolute unit price down, but that is quite unlikely imo. I’ve just gambled and taken a 12 month fix from my supplier OTM which is 20% above the new cap…pay a bit more October to December then pay much less for the remaining 9 months….but only if the forecasts for January and April are correct. Like I said, it’s a gamble…

macman

You are not a heavy user at all, for an all-electric property. 10,591kWh for heating, hot watering and powering a 2 b/r house is not at all excessive. And the good news is that you are using nearly 80% of your total usage on E7 cheap rate, which is much higher than most people manage. You are on the cheapest form of electric heating by far.
All you can do, apart from reducing your consumption, is to improve the insulation. Loft, double glazing, cavity wall insulation, draughtproofing.
Switching from PPM's to a credit meter will save you about 2%, but more importantly it means that you can average your spend out across the year by means of a fixed DD.