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Help/Advice

soblivion · 2022-09-06 22:15:04

I am struggling with understanding if I am on the best tariffs for my situation and wondered if somebody could please help me. Up until 3 weeks ago we only had electricity at the house with storage heaters and an electric emersion heater for the hot water. We are on standard economy 10 for that. We now have gas fitted to…

Comments

QrizB Posts: 21,543 Forumite

7 September 2022 at 7:35PM

soblivion said:

Economy 10 is standard 56.15 pence per KW and off peak 43.51. standing charge 39.02 per day.
Standard tariff is 52.90 and standing charge is 38.94

Ignoring the standing charge (0.8p/day isn't really here or there) you'd need to use at least 26% of your electricity on the cheap E10 rate for it to be worth sticking with E10 rather than switching to the standard tariff.
This might be a useful thing to keep in mind when comparing your meter readings, as recommended above.

N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.
Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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