Sanity check my tariff please

Calzor_Suzay

So I was on same crazy good deal from Jan '22 that ended just last month.

B Gas are offering me a 'deal' "Exclusive Fixed Energy v30 - Single rate" but it seems higher than the one I've defaulted to now and not tied into it, correct?

Current rates are:-
Electricity

Product name - Standard Variable Tariff

Product type - Variable

Any Time unit rate

28.10p per kWh

Standing charge

47.58p per day

Exit fee

£0

Gas

Product name - Standard Variable Tariff

Product type - Variable

Any Time unit rate

6.92p per kWh

Standing charge

29.62p per day

Exit fee

£0

Offered:-

Electricity

Standing charge

45.84p per day

Unit rate (day)

30.55p per kwh

Unit rate (night)

None

Exit fee (including VAT)

£100

(but you won't pay an exit fee if you switch to another British Gas fixed tariff)

Gas

Standing charge

27.74p per day

Unit rate (day)

7.43p per kwh

Exit fee (including VAT)

£100

(but you won't pay an exit fee if you switch to another British Gas fixed tariff)

I guess the standing charge is cheaper but the actual usage rate is higher.
This is on a 3 bed detached.
Current DD is £153 a month and I seem to be £452 in credit.

Calzor_Suzay

And if I go into the seperate choose a new tariff thing it offers me the "The Fixed One v25", Estimated extra spend

£234.74 / year...

QrizB

Yes, current fixed tariff offers from many suppliers are higher than the SVT.

The SVT is widely expected to increase.

Fixed-rate offers aren't generally intended to be the cheapest option (although sometimes they work out that way, eg. in a rising market); they do however provide certainty.

Spoonie_Turtle

Any reason why they're offering you a multi-rate electricity tariff when you're on single rate?
Edit: never mind, I didn't notice the night rate was 'none'

Scot_39

Hopefully just a web site formatting issue - although if have an E7 profile meter - but billed at single rates - problems have been known to occur. 

(More often on supplier than tariff change - but not unheard of - and it is BG .... )

Not sure they are really E7 though - as even at 30.55p would be pretty cheap for an E7 day rate with many suppliers ( a quick scan of EDF pricing for current Q - most in the 35-40p zone) - and CI expects electric to go up again in Q1 24 - but to c28.25 for SR - then drop - so 30.5p seems a tad steep.

https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap/

They sometimes tweet or publish other figures - but thats the link I go to normally - but then those CI figures I am looking at were pre Isreal crisis - 27 Sep rate based -  so who knows what the next set will look like.