britsish gas help

karatepet

My mother has just had an email from british gas,asking if she wanted to change her tarriff to Standard Variable from the fixed loyalty jul 23v1.I dont understand how they get the annual cost of £2674.60.The estimated usage is actual using(i have checked the readings)Can anyone explain this please so i can decide wether she should change?
Thank you

Loyalty Jul 23v1

Current.

Estimated cost

£2674.60

per year

Fixed tariff until: 31st July 2023

Exit fees: £100 per fuel

Estimated annual consumption:

• Gas 3,306.5 kWh
• Electricity 737.67 kWh

Gas

Standing charge: 24.206p per day*

Unit rate: 11.186p per kWh

Electricity

Standing charge: 38.997p per day*

Unit rate: 37.988p per kWh

Standard Variable

Cheapest.

Estimated cost

£707.23

per year

Variable tariff: Ofgem price cap

No exit fees

Estimated annual consumption:

• Gas 3,306.5 kWh
• Electricity 737.67 kWh

Gas

Standing charge: 27.220p per day*

Unit rate: 7.282p per kWh

Electricity

Standing charge: 44.750p per day*

Unit rate: 27.627p per kWh

QrizB

£2674.60 is the price for a typical 12000 gas / 2900 elec customer on the Loyal Jul23 v1 fix. It isn't your mum's price, which would be more like £881.

The Loyal fix is likely to be a little bit more expensive than the new Government caqpped tariff, but until we get the details (which won't be for a couple of weeks) it's impossible to be certain.

karatepet

Thank you for explaining,I will wait and see what happens before making a move.