Have I got this right?

flipflopflo

I decided to use Martins tool to see how much I should be paying Shell (we were ported to them when Purple Planet went bust.) 

on the 17/10/21 I took a reading of:
ELECTRIC 43749
GAS 21252

On the 28/9/22 I took a reading of:
ELECTRIC 49027
GAS 22526

So that’s:
ELECTRIC 5278
GAS 1274

I input these figures into the calculator and the fact I live in the south west and it came back with

Annual Cost
NEW £2220
OLD £1880

Monthly Cost (exc. £400)
NEW £185
OLD £157

Since they finally sorted out the bills from the change over they’ve been putting the payments up. We started at around £200 and it went up to £297 and they now have put it to £376. I went into the app and tried to pull the payments back to £297 but they will only allow me to go to £302. We are currently £596 in credit. 

I’ve tried to get to talk to someone on the chat but haven’t managed it yet. I sent an email and had one back to say due to high email volume it will be a while before they get back to me. 

Are my figures correct? Have I made a mistake?

Many thanks for any help. 

MWT

flipflopflo said:

Are my figures correct? Have I made a mistake?

Many thanks for any help. 

Looks like you have not converted your gas from m3 to kWh, multiply by 11.2 for an approximate conversion...

flipflopflo

Ah! Ok. I’ll try that and see what happens. They don’t make it simple and straight forward do they?

flipflopflo

Right so doing that I’ve come up with:

Our old DD should have been 
£238

Our new DD should be 
£298

This is all excluding the £400 cost of living payment so I’m going to leave things as they stand with a £302 payment and £596 credit for the moment and watch what happens over winter and may ask for a refund later. 

Does anyone else think this is the right move?

CanNeverThinkOfAUsername

If it was me i would keep the credit in my energy account and set my DD at £300 - £350 too and review things in April(ish) time.

BooJewels

I just totted up your usage and pro rata'd it for a full year and I got to £3,692.65 at my local north west prices, so yours will be a smidge higher - giving rise to a monthly DD of something like £310+.  I didn't take the £400 into account or your current credit. 

When I work out my own numbers, I always add a contingency amount onto my usage of 10% to ensure that if we have a cold snap, I'm not going to end up short.  I suspect that energy companies must also do something along those lines.  So if you kept with the £302/month, with your current credit and the £400 payments, you're going to be well covered.  I personally would rather overpay a little each month as we head into winter and end up with some owing back to me, than have to find an extra chunk in spring.