We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Standing charges
When I check my smart meter first thing in the morning it shows electricity 72p and gas 28p I assume that this is the "standing charge" . I'm with BG and live in Herts, doesn't seem to tie up with the advertised rates! Anyone know why this may be? I don't have outstanding debt on this account and pay by direct debit.
0
Comments
-
I think you are looking at the In House Display (IHD) rather than the smart meter as SM's don't show the unit rates, just the energy used I believe.
The gas 28p sounds about right - and the Electricity is presumably your overnight use plus the standing charge? Assuming the time is set correctly on the IHD what does it say shortly after midnight?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
What type of smart meter do you have?0
-
GIGO*
What you see on the IHD is only accurate if the supplier has sent the correct tariff information to your smart meters. The IHD displays the usage and cost data taken from the communications hub which sits above your electricity smart meter.
*Garbage In - Garbage Out.0 -
Gas standing charge (under the current caps since Oct 1st) is 28p and Electricity 46p:
https://www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-youStanding Charges
Average standing charges for customers on default tariffs will remain capped in line with the levels set for the default tariff cap from 1 October for a typical dual fuel customer paying by direct debit.
- 46p per day for electricity
- 28p per day for gas
But it does state if you are on a default tariff. Do you know what BG tariff you are on and what is the standing charge on your actual bill?0 -
P1Fanatic said:Gas standing charge (under the current caps since Oct 1st) is 28p and Electricity 46p:Those are average values; the electricity standing charge, in particular, has significant regional variations.They are also different for different payment methods, the numbers you quote are for DD payments.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.1 -
Is the 72p for electricity always the same?
I would expect it to be slightly different if it is SC + usage over night for example for things like fridge freezer, router etc.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards