just moved

RelievedSheff

2makeit said:

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,

You may think that now but come the winter months you will use a lot of electric. Don't be surprised to see a circa £300 per month bill for December, January and February.

If you start paying £120 a month now then you will at least have some credit built up by the start of winter. Maybe not enough to see you through completely though.

Electric is the most expensive way to heat a property.

QrizB

RelievedSheff said:

Electric is the most expensive way to heat a property.

Small bottles of gas (smaller than 47kg) are more expensive than mains electricity, so don't switch to cabinet-style room heaters!

Scot_39

Payment Method

Firstly looks like you may be paying on receipt from that SC level (closest I get is Octopus NE cash/cheque or Ofgem Northern standard credit as they call it)  - now the most expensive tariffs. 

SC can be 6p+/day = £20+ pa - and unit rates another 1-1.5p having a quick scan of EDF pricing below.  So maybe £50-80 pa.

Will they offer you DD (or even smart prepay - used to be expensive - but govt policy intervention - means prices will now match DD (EDF looks slightly cheaper on top few SR region ???)) ? 

Amount

If you've never het with electric - it's generally much more expensive - gas will soon be 7.5p/kWh - SR electric - c30p c 4x and E7 off-peak  typically 15p (2x - but that has to be offset by peak premium)

£120 isn't really that much for all electric - was actually my set DD prior to EPG discount - and I consider myself a very low user.

But then - no need - as many do - to pay the likes of BG £300+ pa for a service and maintenance contract.

SR or E7 ?

With 3 storage heaters - those will be very expensive over winter if used to gas.

But in general far better to run on a good E7 tariff at off peak rates - especially good HHR panel like the Quantums - than running them - or other electric panels or pllug in supplemental heaters - at single rate.

You typically need 40% or more energy use off peak over the whole year - to win on an E7 tariff vs single rate - but the split of peak/off-peak prices vary greatly from supplier to supplier and region to region.

But that 40% really should be comfortably achieved by most in an all electric set-up with NSH and timed HW (as even some MSE'rs with gas central heating even manage to make it work for them - even those without batteries etc).

EDF have had some very low off peak rates in multiple regions - but come July and loss of EPG discount - many appear around the 15-17p (now only EM stands out - but that comes with a much higher peak rate - so low off peak users it's a disaster to avoid)

Using EDF as an ex of one of few suppliers who publishes regional rates openly - not an employee or customer and not done to recommend them over Ovo - prices from July on SVT - to give you an idea of splits vs the c30p Ofgem av single rate

https://www.edfenergy.com/sites/default/files/dm1903_standard_variable_deemed_and_welcome_rate_card._for_customers_with_standard_e7_smart_payg_and_prepayment_meters.pdf

Do you know what the Ovo E7 pricing is for your region ?

Single rate should be as the EDF table - as typically just follows Ofgem cap.

PS You have to register with Ovo initially - and then free to move after if just go on the SVT - if you get a better deal elsewhere.

That fix may have say a £75 exit fee - based on others quoted recently.

Usage Estimate

Ovo might have based you use estimate on previous resident - or just the property type and #occupants.  No 2 people will generally have the same energy use profile - even if live in identical properties.

As the post above - if the Smart meters been in a bit - reading both registers - (you should have taken a measurement when moved in) might give you an idea of the split peak / off peak historically since fitted - as you won't know personal use to next year.

My guess as above - is E7 would suit majority with electric heating and HW.

And again as above if you can see an install date - you might be able to average - to see if 3400 reasonable

(3400 c10% lower than my total - and I am c10% lower than the Ofgem 4200kWh TDCV).

And the IHD itself - will give you past totals - but not off-peak/peak splits - for the last iirc 13 months stored in meter - if can interrogate it.

By the way - 1kWh - is the energy unit used by all electric meters - and is the energy used running say a 1kW bar of a fire for 1 hour.  Or if you like a 3kW kettle for 3mins uses 3x3/60=0.15kWh - power in kW x time in hours.

QrizB

Scot_39 said:

Payment Method

Firstly looks like you may be paying on receipt from that SC level (closest I get is Octopus NE cash/cheque or Ofgem Northern standard credit as they call it)  - now the most expensive tariffs. 

OP said:

its billed payment option,

which I took to mean payment on receipt of bill, rather than DD.

Scot_39

Yes thought likewise @QrizB - but ran a SC check against tables - just in case it was a funny term for monthly variable DD.

And once that suggested credit - thought the OP might not have been aware of the sort of price premiums attached to that method.

So suggested considering a DD plan.

Does anyone know if Ovo do the monthly variable DD at Ofgem DD rate billing option ?

Gerry1

Scot_39 said

Does anyone know if Ovo do the monthly variable DD at Ofgem DD rate billing option ?

No, Ovo are unfriendly.
https://www.moneysavingexpert.com/news/2022/12/fed-up-with-unfair-energy-direct-debits--can-you-switch-to-varia/

Scot_39

Not sure that's 100% accurate - like on B Gas new billing system - from other MSE'rs posts.

Gerry1

Scot_39 said:

Not sure that's 100% accurate - like on B Gas new billing system - from other MSE'rs posts.

It's 100% accurate in relation to your question about Ovo !

https://forum.ovoenergy.com/my-account-140/will-ovo-introduce-variable-direct-debits-where-a-smart-meter-is-installed-8626?postid=32291#post32291