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Bulb seem expensive?
"We're increasing our electricity day unit rate from 31.740p to 35.920p per kWh and our night unit rate from 18.730p to 21.200p per kWh. Our electricity standing charge is increasing from 55.051p to 56.196p per day.
We're increasing our gas unit rate from 7.335p to 10.586p per kWh and standing charge from 37.280p to 37.500p per day."
So £0.56 a day for standing charge for electricity. That seems steep compared to other standing charges I've read online. Any tips?
We're increasing our gas unit rate from 7.335p to 10.586p per kWh and standing charge from 37.280p to 37.500p per day."
So £0.56 a day for standing charge for electricity. That seems steep compared to other standing charges I've read online. Any tips?
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Comments
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Sounds normal if you’re in one of the expensive regions and/or payment method.
Suppliers all have the same cap.0 -
Sadly, for an Ofgem typical consumer, a shopping basket of energy on the 1st October last year which cost £100 will from today cost £195. (I am not including the £400 rebate as it doesn’t change the actual cost of the energy consumed: that is, actual usage times tariff).
Percentage increases are often quoted in various announcements. People tend to forget the power of compound interest. For example, £100 invested for 7 years at 7% annual interest would double the initial investment at maturity.
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What the online fail to display is by how you pay and region
lot of confusion. 0 -
The price cap is viewed as the minimum price by the suppliers.
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Nonsense.prowla said:The price cap is viewed as the minimum price by the suppliers.
If they could make profit at lower rates, they would immediately get tens of thousands more customers and boost their income.0 -
Looks like N Scotland on PAYGIf so SC is correct and you need to calculate your actual annual cost on E7 at those rates and compare to EDF, who are currently taking customers, at 41.82 / 13.07.0
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Correct N Scotland and also correct edf seem a lot cheaper, should I change suppliers?molerat said:Looks like N Scotland on PAYGIf so SC is correct and you need to calculate your actual annual cost on E7 at those rates and compare to EDF, who are currently taking customers, at 41.82 / 13.07.0 -
Well I would!theDon876 said:
Correct N Scotland and also correct edf seem a lot cheaper, should I change suppliers?molerat said:Looks like N Scotland on PAYGIf so SC is correct and you need to calculate your actual annual cost on E7 at those rates and compare to EDF, who are currently taking customers, at 41.82 / 13.07.0
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