E7 Price Cap / SVR Rates July 2023 Onwards

dealyboy

@JSHarris said:

Still cheaper than Octopus for us.  This change isn't going to make any significant difference, as the only price that's changed significantly is the peak rate dropping by 6.45p.   The off-peak rate has dropped by a staggering 0.01p . . .

 As we barely use peak rate electricity (last year only 1.3% of of usage was at the peak rate), and the off-peak reduction is just 0.07% any difference this new tariff will make is negligible.

... you still qualify for the smug club if you are EDF Eastern! 

Scot_39

Not sure if relevent in an E7 thread - OP - let me know if you want me to delete / move - but only other active thread fixes only.

But had my dual rate E10 pricing from EOn Next 

(It's a legacy tariff - not quoted to new customers AFAIK)

As expected - all electric down less than overall cap - and my estimated saving of c8% - will be dwarfed by loss of £400 EBSS.

Tariff : - Next Flex E10 - Direct Debit payment

dealyboy

@Scot_39 said:

Not sure if relevent in an E7 thread - OP - let me know if you want me to delete / move - but only other active thread fixes only.

But had my dual rate E10 pricing from EOn Next 

(It's a legacy tariff - not quoted to new customers AFAIK)

As expected - all electric down less than overall cap - and my estimated saving of c8% - will be dwarfed by loss of £400 EBSS.

Tariff : - Next Flex E10 - Direct Debit payment

Yes, your E10 rates overall make your costs slightly higher than the quoted E7 rates on a 58:42 split taking into account the standing charges, but as you say the difference is dwarfed for middle to low users by the discontinuation of the EBSS (and I presume the AFP).

I am a very low user (a Spartan) and am grateful for previous support, I look forward to opportunities in future as the market returns.

Scot_39

I have been told here the 58:42 only applies to E7 - not older legacy tariffs.

My checks seem to corroborate that it doesn't.

In Jan iirc I needed 53% night to get cheaper than SR after epg discounts - easy enough with NSH etc.

I would shift to e7 and cheaper rates etc but risk needing new hhr nsh.  I did the maths and used a neighbour who did upgrades in 2020 (having left e10 for e7 with same old nsh and ran into the classic too cold by evening problem) actual install pricing - and pre recent energy spike the payback was over 20 years.

Re the EBSS comment - I did it long hand elsewhere- but an all electric low user - on £100 pm /:£1200 pa - could be c£300 worse off this year cf last.

dealyboy

@Scot_39 said:

I have been told here the 58:42 only applies to E7 - not older legacy tariffs.

My checks seem to corroborate that it doesn't.

In Jan iirc I needed 53% night to get cheaper than SR after epg discounts - easy enough with NSH etc.

I would shift to e7 and cheaper rates etc but risk needing new hhr nsh.  I did the maths and used a neighbour who did upgrades in 2020 (having left e10 for e7 with same old nsh and ran into the classic too cold by evening problem) actual install pricing - and pre recent energy spike the payback was over 20 years.

Re the EBSS comment - I did it long hand elsewhere- but an all electric low user - on £100 pm /:£1200 pa - could be c£300 worse off this year cf last.

I have been told here the 58:42 only applies to E7 - not older legacy tariffs.

My checks seem to corroborate that it doesn't.

... indeed ... I was just comparing the costs of your tariff with the new E7 tariffs for the same split, where E7 tariffs I have calculated to be about 9% cheaper (as against your 8%). Of course the higher the off-peak usage the lower the costs ... so agreeing with you.

In Jan iirc I needed 53% night to get cheaper than SR after epg discounts - easy enough with NSH etc.

... interesting ... I have read the occasional forumite enquiring about E10 rates.

I would shift to e7 and cheaper rates etc but risk needing new hhr nsh.  I did the maths and used a neighbour who did upgrades in 2020 (having left e10 for e7 with same old nsh and ran into the classic too cold by evening problem) actual install pricing - and pre recent energy spike the payback was over 20 years.

... understood.

Re the EBSS comment - I did it long hand elsewhere- but an all electric low user - on £100 pm /:£1200 pa - could be c£300 worse off this year cf last.

... that is significant! ... after posting I read your contributions in an exchange on another thread  . I have no fixtures that determine my usage, but in the year to April I used about 800 peak 800 off-peak, costing about £650 before EBSS, AFP, and WFP so net £450 credit, but I was too hard core and repeatedly got chilblains. This year I will relax that and perhaps use 800 peak 1200 off-peak costing perhaps £500 before WFP (I believe I will get a CoL with this) so net £0.

Scot_39
It was good to 'chat' with you once more  .

Swipe

In winter I just shift my routine back by 2 hours i.e. get up and go to be bed earlier. I understand that not everyone is in a position to do that but it works for me.

dealyboy

@Swipe said:

In winter I just shift my routine back by 2 hours i.e. get up and go to be bed earlier. I understand that not everyone is in a position to do that but it works for me.

Makes sense.

My meter off-peak hours are 00:00-07:00 GMT. During summer months getting up at 06:00 BST is easy, it's already after dawn and allows for two night rate hours for washing and cooking, but I would struggle getting up at 05:00 GMT during the winter with dawn a couple of hours away. Having said that when I was working I would get up at 4:30 GMT during the winter. No I tend to get up at around 06:00 during the winter which gives an hour of night rate.

Do you have the heating on when you're getting up?

This might sound like madness to some but I believe there are many who need to watch the pennies.

JSHarris

dealyboy said:

@Swipe said:

In winter I just shift my routine back by 2 hours i.e. get up and go to be bed earlier. I understand that not everyone is in a position to do that but it works for me.

Makes sense.

My meter off-peak hours are 00:00-07:00 GMT. During summer months getting up at 06:00 BST is easy, it's already after dawn and allows for two night rate hours for washing and cooking, but I would struggle getting up at 05:00 GMT during the winter with dawn a couple of hours away. Having said that when I was working I would get up at 4:30 GMT during the winter. No I tend to get up at around 06:00 during the winter which gives an hour of night rate.

Do you have the heating on when you're getting up?

This might sound like madness to some but I believe there are many who need to watch the pennies.

Not madness at all.  Ever since the pandemic, and the formation of a community support group, my eyes have been opened as to just how tough things are for many.  Our village food bank started up again a year or so again (had to close during the pandemic - social distancing rules made it impossible).  It's now constantly overwhelmed by people needing food they cannot afford to buy.  Getting donations is now a major part of the volunteer's time, especially as some of the supermarkets that used to help no longer do so.  A lot of people on low incomes are having a really tough time now.

Swipe

dealyboy said:

@Swipe said:

In winter I just shift my routine back by 2 hours i.e. get up and go to be bed earlier. I understand that not everyone is in a position to do that but it works for me.

Do you have the heating on when you're getting up?

This might sound like madness to some but I believe there are many who need to watch the pennies.

I have storage heaters so nice and warm when I wake up. Sometimes I give the room I'm in a 20min blast on cheap rate with the fan heater too if it's really cold