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Unsure which tariff to switch to
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We've been with EDF for years. Our current monthly bill is £302 (Gas & Electric) and we're still in debit even with paying that amount.
Looking to switch to a better tariff. Initially looking at Octopus but despite them quoting a lower monthly amount (£253), the unit rates are identical to our current EDF tariff barring a penny (both variable tariffs though). Standing charges are cheaper on Octopus but that only amounts to a saving of £1.28 per month.
When doing the quote, I used the annual estimates from my latest bill (Elec: 5673 kWh, Gas 15459 kWh)
EDF are offering a proposed £236 monthly bill based on our current usage, that's a fixed tariff though.
I'd appreciate some advice on this as I'm not very knowledgeable about it all.
New Octopus quote vs current EDF tariff:

New Octopus quote vs new EDF Fixed tariff:

Looking to switch to a better tariff. Initially looking at Octopus but despite them quoting a lower monthly amount (£253), the unit rates are identical to our current EDF tariff barring a penny (both variable tariffs though). Standing charges are cheaper on Octopus but that only amounts to a saving of £1.28 per month.
When doing the quote, I used the annual estimates from my latest bill (Elec: 5673 kWh, Gas 15459 kWh)
EDF are offering a proposed £236 monthly bill based on our current usage, that's a fixed tariff though.
I'd appreciate some advice on this as I'm not very knowledgeable about it all.
New Octopus quote vs current EDF tariff:

New Octopus quote vs new EDF Fixed tariff:

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Comments
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FlexiPack said:.........................
When doing the quote, I used the annual estimates from my latest bill (Elec: 5673 kWh, Gas 15459 kWh)
Are you a large family, large old house ?
PS Are the estimates based on estimates ?Never pay on an estimated bill. Always read and understand your bill0 -
Robin9 said:FlexiPack said:.........................
When doing the quote, I used the annual estimates from my latest bill (Elec: 5673 kWh, Gas 15459 kWh)
Are you a large family, large old house ?
PS Are the estimates based on estimates ?
We've tried to reduce consumption as much as possible. It's a semi-detached built in the 60's. Got cavity wall insulation. Mum is home all day, there's always someone in. So there's no break in usage. I don't know why the electricity is so high though, primary source of heat is a gas fire in the living room. Gas boiler with hot water tank.
The estimates used were from the 'Annual Estimate Consumption' in the Dec '23 bill.0 -
FlexiPack said:
The estimates used were from the 'Annual Estimate Consumption' in the Dec '23 bill.
We are a couple of OAP's and someone always at home. Elect is 3100 and 14000
Do a survey room be room inc garage, shed, attic, and list all the equipment. Usual high electrics are shower, panel heaters used instead of using the gas heating, old freezers - particularly American fridge/freezersNever pay on an estimated bill. Always read and understand your bill1 -
FlexiPack said:Robin9 said:FlexiPack said:.........................
When doing the quote, I used the annual estimates from my latest bill (Elec: 5673 kWh, Gas 15459 kWh)
Are you a large family, large old house ?
PS Are the estimates based on estimates ?
We've tried to reduce consumption as much as possible. It's a semi-detached built in the 60's. Got cavity wall insulation. Mum is home all day, there's always someone in. So there's no break in usage. I don't know why the electricity is so high though, primary source of heat is a gas fire in the living room. Gas boiler with hot water tank.
The estimates used were from the 'Annual Estimate Consumption' in the Dec '23 bill.
Im in a 3 bed semi built in the 60s as well. My husband is disabled so in all day. There are 3 of us and all use the shower every day and I put the washer on every other day as sons work clothes get filthy.
I pay by variable DD so pay for what we use every month. Last month was my biggest bill yet but that was only £174.1 -
Time for an energy audit.
What's left on
Biggest users Immersion heating up water constantly, electric showers, electric heaters or electric under floor heating. Pumps for ponds and big old fridge freezers.1 -
FlexiPack said:
I'd appreciate some advice on this as I'm not very knowledgeable about it all.
Fixed rate tariffs offered in not too distant future are predicted to be offered cheaper than current fixed rate tariffs hence Martin Lewis current advice not to take out fixed rate tariffs at the moment.
https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/
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Robin9 said:FlexiPack said:
The estimates used were from the 'Annual Estimate Consumption' in the Dec '23 bill.
We are a couple of OAP's and someone always at home. Elect is 3100 and 14000
Do a survey room be room inc garage, shed, attic, and list all the equipment. Usual high electrics are shower, panel heaters used instead of using the gas heating, old freezers - particularly American fridge/freezers0 -
BellaBlondykeTheThird said:Time for an energy audit.
What's left on
Biggest users Immersion heating up water constantly, electric showers, electric heaters or electric under floor heating. Pumps for ponds and big old fridge freezers.0 -
Just looked at our Electricity usage for two periods last year:
27th Apr - 27th July (91 days) 1,152 kWh
19th Sept - 18th Dec 1,484.8 kWh
Difference of 332.8 kWh
Is that reasonable difference between those two periods of the year? We does use a halogen heater on it's lowest setting from mid october onwards for about 3-4hrs a day. Otherwise, not much change in our electricity usage habits that I can think of.
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FlexiPack said:27th Apr - 27th July (91 days) 1,152 kWh
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!1
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