12 Month Rental - What should i do about the energy bills...

bolo

So i have just rented a place, for twelve months. 
I am wondering what to do about the combined energy bills. I just got an energy bill still on Octopus Flexible Octo2021 v1 plan. When I register my name, will this tariff move to a more expensive one? If so, should I bother putting it in my name, and just pay off the bills as I receive them?

anselld

You have to open an account in your name with readings from the day your tenancy started.  There is no other option.

bolo

And when i open the account in my name, i would be forced to sign up to a more expensive rate?

Martico

You'll have to sign up with whichever company currently supplies your new place. This will almost certainly (by "almost certainly" I mean "pretty much guaranteed") be at the new capped rate. Whatever the daily standing charge is, plus (probably) around 10p per kWh for gas and around 35p per kWh for electricity. Those numbers are guesses, but I think they're n the right ballpark 

p00hsticks

Bear in mind that if (when) you sign up now, you will be getting a £60 cost-of-living discount each month for the next six months

bolo

Martico said:

You'll have to sign up with whichever company currently supplies your new place. This will almost certainly (by "almost certainly" I mean "pretty much guaranteed") be at the new capped rate. Whatever the daily standing charge is, plus (probably) around 10p per kWh for gas and around 35p per kWh for electricity. Those numbers are guesses, but I think they're n the right ballpark 

the current bill i received has estimated my annual gas usage at 100,000 kwh!  7,500 quid for gas lol....

i look at the rates on their website... Electricity is quoted at 40+p on the tracker plan

Martico

Are you moving into a castle? I'm in a fairly leaky 2-bed terrace with gas central heating and water, and get through around 8,500 kWh in gas per year

bolo

its only the estimate... i have no idea what the previous tenants were cooking!!!

dimbo61

Some crazy estimated costs coming from the energy companies.
Price cap £2500 so if your paying say £200 a month and your not living in a huge mansion that should be close to your usage !

bolo

is the 2,500 price cap for both Gas and electricity, or a separate cap for both?

Martico

The much quoted 2,500 price cap is misleading.

There is a cap per kwh for electricity, and a cap per kwh for gas. As well as a cap for the daily standing charge for each.

The supposed "average household" would see their total bill for both reach no higher than 2,500.

But few households are average. You'll still pay for what you use.