Unit rates

Miser1964

So it makes sense to submit a reading on 30th Sep to ensure consumed kWh to that date are billed at the correct unit rate, before the prices rises?

jazzy

Trying to calculate the percentage increase per kwh for gas and electric on a standard variable tariff. Currently with British Gas, current rates are electric 28.29 Kwh and gas 7.44Kwh.
My current monthly billing is more or less smack on. Just trying to find out how much extra should I increase the DD?

QrizB

Miser1964 said:

So it makes sense to submit a reading on 30th Sep to ensure consumed kWh to tghat date  are billed at the correct unit rate, before the prices rises?

Yes, it's always a good idea to submit a meter reading at the time that your tariff changes.

Ultrasonic

jazzy said:

Trying to calculate the percentage increase per kwh for gas and electric on a standard variable tariff. Currently with British Gas, current rates are electric 28.29 Kwh and gas 7.44Kwh.
My current monthly billing is more or less smack on. Just trying to find out how much extra should I increase the DD?

This will depend on how much energy you use. BG should tell you this rather than you needing to calculate anything, although a sanity check may be wise. The £400 (minimum) you'll be getting in installments will affect DD amounts too.

GingerTim

Martin Lewis has said these are the new rates, with the usual caveats about location and payment method (congratulations to forumites whose calculations were pretty much spot-on). He doesn't say where he got them from, though. Source is the link in @The_Green_Hornet's next post

https://twitter.com/MartinSLewis/status/1569232059721482240?s=20&t=i82oBKJ7z0aOT2KwHSId6w

Electricity
Unit rate: 34.00p per kWh
Standing charge: 46.36p per day.

 Gas 
Unit rate: 10.30p per kWh.
Standing charge: 28.49p per day

The_Green_Hornet

GingerTim said:

Martin Lewis has said these are the new rates, with the usual caveats about location and payment method (congratulations to forumites who were pretty close). He doesn't say where he got them from, though.

https://twitter.com/MartinSLewis/status/1569232059721482240?s=20&t=i82oBKJ7z0aOT2KwHSId6w

He got them from here --> https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022

GingerTim

The_Green_Hornet said:

GingerTim said:

Martin Lewis has said these are the new rates, with the usual caveats about location and payment method (congratulations to forumites who were pretty close). He doesn't say where he got them from, though.

https://twitter.com/MartinSLewis/status/1569232059721482240?s=20&t=i82oBKJ7z0aOT2KwHSId6w

He got them from here --> https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022

Many thanks!

[Deleted User]

I think the more interesting piece is on the second tweet in his thread - people on DD or who pay on receipt of bills should expect the rates to be a few % higher.

Confirming the recent trend through the price caps which is making prepayment actually cheaper per unit, rather than the typical assumption of being the most expensive way to pay.

The_Green_Hornet

[Deleted User] said:

I think the more interesting piece is on the second tweet in his thread - people on DD or who pay on receipt of bills should expect the rates to be a few % higher.

Confirming the recent trend through the price caps which is making prepayment actually cheaper per unit, rather than the typical assumption of being the most expensive way to pay.

As with all of Mr Lewis's recent communications he provides little or no evidence as to whether what he is saying is officially correct.