my deal ending

northernstar007

well all ive had a cracking deal with SP which i'm gutted its coming to an end on jan31 24
unit elec rate 28.621p SC 20.7p and gas 8.237p SC 20.35p 
been paying 110p/m got 320 credit reduced payments in aug gone to 80p/m
very tempted going on tracker at end of contract in feb

northernstar007

ps readings every month, so its spot on the balance

QrizB

northernstar007 said:

well all ive had a cracking deal with SP which i'm gutted its coming to an end on jan31 24
unit elec rate 28.621p SC 20.7p and gas 8.237p SC 20.35p

Those unit rates are both higher than the October Ofgem cap.The standing charges are low, though.

What is your typical annual usage of electricity and gas? How many kWh per year?

Edit to add: this is your thread from December 2021:
https://forums.moneysavingexpert.com/discussion/6321916/switched-to-scottishpower

northernstar007

hi and yeah thats the contract thats about up the daily rate is the part im going to miss so ive had cheap daily charge for the past 2 years almost usage on my bill (monthly readings been supplied and bill and payment 1st every month)
on bill says gas usage 12 months = 8200kw elec 1200kw
i might go on standard in nov pay extra daily charge to get cheaper gas rate, but current offer covers me all of jan so might just wait

MattMattMattUK

You would be paying more going forward with your higher unit rate than you would save from your lower standing charge, the deal ending will save you money, though only within a few pounds either way at the moment. 

northernstar007

matt i#m off right through the xmas 10 days and its cold in the north east , now if that heating  needs to come on it will be on which both dec and jan bills are my big 1`s, would u say switch as the gas consumption will be going through the roof (switch as in standard) will be going on tracker after the winter

northernstar007

and SP are  offering me a 13 month deal elec sc 57.46p unit 27.717p, gas  sc 29.62p unit 7.739p ends end oct24 100 exit fee each

matelodave

Dont get too hung up about standing charges unless you are a very low user, even with your 8200kwh consumption of gas  - just paying 1 p extra per kwh on your gas tariff will cost you £82 more than an extra 10p extra per day on your standing charge = £36.50. If its a very long cold winter then you'll use more gas and the difference will be even bigger.

However as you are a very low user of leccy at 1200kwh, an extra penny per kwh will only cost you £12 whereas the potential increase in standing charges of 30p or more would cost you over £100 extra.

You need to do the actual sums based on the tariff you've been offered multiplied by your consumption to get an actual figure.