just moved

2makeit

ive just moved into an electric only flat,
ovo was used by the last person,
the flat has a smart meter, its billed payment option,
ovo  are only offering -
 1 year fixed, 
 0.2988 kwh day and night
stand charge 0.6381
based on 3395 kwh /year
=£120.86 pmonth

does that sound right?
can someone explain how kwh is worked out?

Robin9

If you haven't already contacted OVO you must do so and give them meter reads for the off peak and on peak from your meter - usually press a button and the display changes to R1 R2 and Total. Take care when reading meters - look for the decimal point

QrizB

2makeit said:

does that sound right?
can someone explain how kwh is worked out?

Those prices are pretty close to the new variable rate cap. You don't have to take the fix; you can stick to the standard variable rate. The fix might not save you money, but will will give you confidence that your tariff won't change.

A kilowatt-hour is one unit on an electricity meter. Ignoring heating, in a one-bed flat you might expect to use 3-6kWh a day.

Heating, however, is another matter.

2makeit said:

ive just moved into an electric only flat,
 0.2988 kwh day and night

An electric-only flat with single-rate electricity could be horrendously expensive in the winter. How is the flat heated?

Gerry1

Your meter records in kiloWatt hours.  Your usage is the difference between the meter readings.

Make sure you take the meter readings yourself, don't rely on anyone else doing it for you otherwise you could end up paying for usage by the previous occupier or during a void period.

You don't have to be on a fixed tariff (check the exit fee) because you can default to the Standard Variable Tariff.

Hope you have night storage heaters on an Economy 7 tariff, otherwise it will be very expensive.  Check that the readings on the bill are shown as Smart.

Don't forget the water meter if there is one and to register on the Electoral Roll.

2makeit

QrizB said:

2makeit said:

does that sound right?
can someone explain how kwh is worked out?

Those prices are pretty close to the new variable rate cap. You don't have to take the fix; you can stick to the standard variable rate. The fix might not save you money, but will will give you confidence that your tariff won't change.

A kilowatt-hour is one unit on an electricity meter. Ignoring heating, in a one-bed flat you might expect to use 3-6kWh a day.

Heating, however, is another matter.

2makeit said:

ive just moved into an electric only flat,
 0.2988 kwh day and night

An electric-only flat with single-rate electricity could be horrendously expensive in the winter. How is the flat heated?

it has storage heaters, 2 large(dimplex quantum) and 1 small(gagarron)

at £120 a month is way too much for what i think i will use,

2makeit

Gerry1 said:

Your meter records in kiloWatt hours.  Your usage is the difference between the meter readings.

Make sure you take the meter readings yourself, don't rely on anyone else doing it for you otherwise you could end up paying for usage by the previous occupier or during a void period.

You don't have to be on a fixed tariff (check the exit fee) because you can default to the Standard Variable Tariff.

Hope you have night storage heaters on an Economy 7 tariff, otherwise it will be very expensive.  Check that the readings on the bill are shown as Smart.

Don't forget the water meter if there is one and to register on the Electoral Roll.

water meter fitted already,
storage heaters in already,
ive not had a bill from ovo yet as jsut moved in.
so trying to take meter readings as found out it is 2 rate system, tiny digits

Gerry1

You need to switch to Economy 7 when you start using the Quantums.

Robin9

2makeit said:

it has storage heaters, 2 large(dimplex quantum) and 1 small(gagarron)

at £120 a month is way too much for what i think i will use,

You will find out next winter !

Don't forget your electric showers and water heating

Get into the habit of reading your meters at least monthly and keep a wee spreadsheet.

Gerry1

2makeit said:

Gerry1 said:

Your meter records in kiloWatt hours.  Your usage is the difference between the meter readings.

Make sure you take the meter readings yourself, don't rely on anyone else doing it for you otherwise you could end up paying for usage by the previous occupier or during a void period.

You don't have to be on a fixed tariff (check the exit fee) because you can default to the Standard Variable Tariff.

Hope you have night storage heaters on an Economy 7 tariff, otherwise it will be very expensive.  Check that the readings on the bill are shown as Smart.

Don't forget the water meter if there is one and to register on the Electoral Roll.

water meter fitted already,
storage heaters in already,
ive not had a bill from ovo yet as jsut moved in.
so trying to take meter readings as found out it is 2 rate system, tiny digits

The existing set-up may be that it's charged at single rate, hence the single rate quotation.  Probably fine for the summer but would be cripplingly expensive when winter comes.

QrizB

2makeit said:

QrizB said:

2makeit said:

ive just moved into an electric only flat,
 0.2988 kwh day and night

An electric-only flat with single-rate electricity could be horrendously expensive in the winter. How is the flat heated?

it has storage heaters, 2 large(dimplex quantum) and 1 small(gagarron)

You will want to switch to split-rate (Economy 7 or similar) before it turns cold, which makes me think that you shouldn't take the fix.

2makeit said:

so trying to take meter readings as found out it is 2 rate system, tiny digits

Is it a smart meter or a dumb one? Can you post a photo?

2makeit said:

at £120 a month is way too much for what i think i will use,

£1440 a year might sound like a lot, but you could easily burn through £300-worth of electricity in a single winter month.

Jonboy_1984

Is there a sticker next to meter with its installation date? If so what is the average of the current reading divided by time.