Economy 7 and April Increases are crazy

MattMattMattUK

Spoonie_Turtle said:

I wonder if EDF is one that you can force a bill if you submit readings, to see the current state of the account?

Unfortunately not, but if one has a smart meter then in the Energy Hub section of My Account is shows the total cost, broken down by day, week, month etc. so it is fairly easy to keep a rough idea of the position of one's account. 

Tazzy666uk

MattMattMattUK said:

Tazzy666uk said:

mmmmikey said:

Hi, I think the new estimated spend takes into account their day / night split so they will see an increase over the year of £280 assuming rates stay the same. I'm saying this because I had a similar email today and my estimate definitely reflects that split, but this doesn't stack up with your estimate of 85% usage overnight. Is it possible that they actually have more daytime / less night time usage than you thought? Might be worth checking that first?

Yes, i think i see what you are saying. Their annual consumption was day - 2,723kwh and night 6,884kwh so I think i got my percentages wrong. The unit rate increase vs their predicted increase doesn't seem to add up though

Based on those usage figures and the old and new rates it would have been £2,120.37 at the old rates and at the new rates it would be £2,399.12, in increase of £278.76, or 13.15%. However realistically with summer usage being much lower due to not needing heating and then the drop further drop in prices predicted for Q3 and Q4 their monthly payments will likely not need to change.

Do they have a smart meter?

Yes, and i have just seen your subsequent comment to someone else.  I have logged into the smarthub and yes, it does give some element of monitoring usage costs. I think i am more used to looking at a traditional bill, but hopefully i can work it out to get an idea, thanks 

Tazzy666uk

Spoonie_Turtle said:

Their overnight usage should be decreasing in summer, needing the heating less.  And the night rate increase is about the same as the day rate decrease, so some of it should hopefully cancel out over the warmer months.

(Understandable if they use heating for longer in the year than younger people might, of course, but hopefully would still need less energy to maintain a comfortable temperature when the weather is warmer.)

I wonder if EDF is one that you can force a bill if you submit readings, to see the current state of the account?

Thanks. As @MattMattMattUK said as well, I completely forgot about the summer as side tracked by the night rate increase worry....  They are quite stubborn....or should i say - set in their ways.  They refuse to turn the heaters down a fraction because they have had it at 'that' setting for the past 50 years..... so a bit of struggle to help them in some ways....

I did phone them and go on their chat which was very tedious to ask for an interim bill. they made all the right noises a few times, but it never appeared....  However, I am learning to read the smarthub a bit more efficiently now. 

dealyboy

Maybe I'm missing something here, but I don't think that they are EDF Eastern region rates. (I am with EDF E7 Eastern DD)

I've worked out the EPG equivalent single rates (for the OP's quoted rates) new and old ... 33.11p per kWh new and 34.73p old for a usage profile of 58% day 42% night, that is a decrease.

Please tell me I'm wrong guys because I don't want to mislead the OP.

Edit: for clarity (seeing next post) I've switched to EDF variable DD E7 Eastern from 28/03/23, previously with E.ON Next DD E7 Eastern (fixed to 29/01/23 then variable Next Flex).

Scot_39

Tazzy666uk said:

Some with other suppliers would actually argue that it was the 6.79p Jan to Mar that was anomalous.

Other suppliers and other regions actually put their E7 night (and in case of EOn night and day) rates up in Jan.

As one charity reported in Jan - for c2.5m E7 customers - the electricity bill rose by 7% edit On average). 

Take Eon - they actually put both rates up for E7 - as they did for my E10

https://forums.moneysavingexpert.com/discussion/comment/79941414/#Comment_79941414

@dealyboy

Next Flex night rate from 01/01/23 was/is 17.303p, up from 14.74p 01/10/22 to 01/01/23, 17.388% increase. The Next Flex day rate from 01/01/23 was/is 47.022p, up from 44.46p 01/10/22 to 01/01/23, 5.7625% increase. 

and in the acutal new April figures

new (old): day 45.450p (47.022p) night 15.729p (17.303p) SC 43.755p (39.027p)

Some posters with higher % night use - actually jumped on the sub 10p deals with EDF as a direct result of the price rises

Some posters with marginal % night use - actually jumped to single rate.

So arguably EDF did heavy use high night % users a massive favour - over the last 3 winter months - by biasing their tariffs as they did (edit: At least in some regions)

Edit: "And perhaps if you look at this quarters mix, rather than annual, which will be biased to off peak heating heavy winter months, what you describe as a price rise - will actually work out cheaper - due to the drop of c7.8p in day rate."

Scot_39

dealyboy said:

Maybe I'm missing something here, but I don't think that they are EDF Eastern region rates. (I am with EDF E7 Eastern DD)

I've worked out the EPG equivalent single rates new and old ... 33.11p per kWh new and 34.73p old for a usage profile of 58% day 42% night, that is a decrease.

Please tell me I'm wrong guys because I don't want to mislead the OP.

Looks like South East based on

https://www.edfenergy.com/sites/default/files/dm1903_pl1_rate_card_builed_aw4_v1.pdf

PS Hope you don't mind me re quoting your figures

dealyboy

Scot_39 said:

dealyboy said:

Maybe I'm missing something here, but I don't think that they are EDF Eastern region rates. (I am with EDF E7 Eastern DD)

I've worked out the EPG equivalent single rates (for the OP's quoted rates) new and old ... 33.11p per kWh new and 34.73p old for a usage profile of 58% day 42% night, that is a decrease.

Please tell me I'm wrong guys because I don't want to mislead the OP.

Edit: for clarity I've switched to EDF variable DD E7 Eastern from 28/03/23, previously with E.ON Next DD E7 Eastern (fixed to 29/01/23 then variable Next Flex).

Looks like South East based on

https://www.edfenergy.com/sites/default/files/dm1903_pl1_rate_card_builed_aw4_v1.pdf

PS Hope you don't mind me re quoting your figures

@Scot_39 ... not at all ... timing coincidence ... note my edit on post you're quoting here ... I've added it in

dealyboy

Also just to add that we shouldn't be too hung up on rates from April 1st. I believe there will be many tariff/supplier change opportunities from July 1st.

mmmmikey

By way of comparison, this is what it looks like for me:

Looks bad on the face of it but the reality is that this increase is only because I've been enjoying low 5.88p/kWh night rates for the last few months. I would imagine this is going to catch a lot of people out....

MattMattMattUK

dealyboy said:

Also just to add that we shouldn't be too hung up on rates from April 1st. I believe there will be many tariff/supplier change opportunities from July 1st.

I would say that it is unlikely that there will be many different tariff as there is not going to be the headroom between the wholesale rates and price cap to make them viable and cheaper than the cap.
It is already possible to switch to EDF, Octopus, British Gas, Ovo for sure and I think others as well. It is however going to be another year or more before we see market conditions return to pre-invasion tariff choice and it is unlikely that prices will ever return to those levels.