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Confused re energy DD
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I was just answering OP's electricity usage query - I think it's fairly safe to say that'll be around the 35p mark, give or take a bit.
Edit: But yeah, the credit situation would be good to know too, thanks0 -
They are not trying to charge you £395 a month. The supplier wants you to put £395 a month into your energy account from which charges for energy used will be deducted. Clearly, you want the monthly payment to be as accurate as possible but please don’t confuse the monthly DD payment with actual charges.PM22 said:2862.7 Kwh is how much electricity I used in the last year so why are they trying to change me £395 per month then? I don't get itYour statement should show an estimate for your annual usage: does this match your own calculation?1 -
I am in credit £61 for electricity and £419 with gas and my electricity consumption is based on actual bills0
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I'm not on a fixed tariff
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thank you all0
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electricity is based on actual bills? Or actual meter readings? And what about the gas??PM22 said:I am in credit £61 for electricity and £419 with gas and my electricity consumption is based on actual bills
check your total use over the last year to see if that is anything like the estimated use the energy provider suggest. (mine wasn't). Then calculate how much you would need to pay for your annual use based on the new rates in October. Your DD should be about 1/12th of that. Maybe 1/10th if you want to ensure you are covering winter use sufficiently. Don't let the energy company tell you that you have to be way in credit by about 3 months "to keep things safe". That just puts money in their pocket rather than nicely in your own.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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what are the October rates?
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Have you access to your online account ? They will there under "Your Tariff" or similar.
This is my (EDF) Gas (starts 01 October 2022) varies by region
Unit rate: 10.335p per kWh
Standing charge: 28.48p per day
and ElectricUnit rate
Electricity unit rate: 33.72 penceDaily standing charge 49.14pNever pay on an estimated bill. Always read and understand your bill0 -
29.48p
41.66 sc
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