Confused should i be paying less unit rates ?

buckrogers

Can someone tell me if my bills unit rates should be lower now? thankyou

 'Energy Price Cap will fall below the Energy Price Guarantee (EPG) from 1 July. It'll drop to £2,074 a year for a typical household, 17% lower than the current Energy Price Guarantee (EPG) level'.

 I am just on electric no gas with Utility Warehouse, but noticed today on my Smart meter, its showing me the unit rates from April , i have been paying.Should i be paying less or not? sorry confused.

[Deleted User]

buckrogers said:

Can someone tell me if my bills unit rates should be lower now? thankyou

 'Energy Price Cap will fall below the Energy Price Guarantee (EPG) from 1 July. It'll drop to £2,074 a year for a typical household, 17% lower than the current Energy Price Guarantee (EPG) level'.

 I am just on electric no gas with Utility Warehouse, but noticed today on my Smart meter, its showing me the unit rates from April , i have been paying.Should i be paying less or not? sorry confused.

Your supplier needs to update the tariff information in your smart meter. That said, this information is advisory only and it is not used for billing. Check your bills for the correct tariff information.

debitcardmayhem

When you say smart meter do you mean your in home display? 

buckrogers

Thank you for the replies, yes its my smart meter in home, when it shows what electric you use and how much you spent in day.

My next bill is not due till the end of this month, so hopefully they update the tariff information in my smart meter and i know my new tariff rates.

Gerry1

buckrogers said:

...yes its my smart meter in home, when it shows what electric you use and how much you spent in day.

Your Smart Meter is fixed to the wall.  Your In Home Device (IHD) is portable.

buckrogers

Just received email with my new unit rates.

The new prices for your Value tariff paid by Direct Debit are as follows:

		Current prices until 30 June 2023	New prices from 1 July 2023
Electricity	Standing Charge (per day)	43.065p	43.064p
	Day Unit Rate (per kWh)	43.128p	40.880p
	Night Unit Rate (per kWh)	18.935p	13.103p

[Deleted User]

Hi,

so that's what your bill will be based on.

Take regular meter readings, from actual meter, at least once a month, set up a wee spreadsheet to monitor usage and cost.

Could be a few days before the IHD gadget is updated with new rates.