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am i paying too much for gas and electricity ?
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That electric usage is huge. Do you run a bitcoin mining outfit? Or a couple of electric cars?0
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my electricity readings are:21/03/24 Manual 35524
18/02/24 Manual 35409My gas readings are30/01/24 Manual 3533601/01/24 Estimate 3524325/12/23 Estimate 3522517/12/23 Manual 3518206/12/23 Manual 3514618/11/23 Manual 3508228/10/23 Manual 3501120/10/23 Estimate 3501121/03/24 Manual 1026017/03/24 Estimate 1030118/02/24 Manual 1014130/01/24 Manual 1006901/01/24 Estimate 993117/12/23 Manual 986406/12/23 Manual 981418/11/23 Manual 975328/10/23 Manual 9710
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t0rt0ise said:That electricity estimate is huge assuming you have gas central heating. What do you have that uses electricity?
i dont have anything unusual apart from i have a projector instead of a tv set , i didnt think that would use up so much electricityoldernonethewiser said:Do the bills you have been receiveing so far match your energy usage?Reddleman79 said:Why not build a simple spreadsheet as I have done. I am able to see at a glance where I stand.
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As you haven't been there long, the total estimate given by the supplier comes from the previous occupants. The actual readings for electricity or gas don't look high. I wonder what the previous occupants were doing!1
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Can you look at your gas meter please - and for the letters m3 or ft3 - and also note the serial number - now check this info against your bill.Never pay on an estimated bill. Always read and understand your bill0
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Tumtitums said:my electricity readings are:21/03/24 Manual 35524
....28/10/23 Manual 35011
My gas readings are21/03/24 Manual 10260... 28/10/23 Manual 9710
You've used 550 units of gas in the same time period. That's likely to be m3 (but you should check as per Robin9's post). If so, that's 6140 kWh, which costs about £430 (and that over the coldest 5 months of the year, although it's not been a cold winter).
Just give EOn a call and provide them with your actual (not estimated) meter readings, and ask them to set your direct debit accordingly.
Also ask your neighbours whether the house used to be frequented by druggies. The previous owners might have been growing wacky baccy!0 -
I've looked at the meter and it is m3 but i cant see the serial number of it on the bill. When i logged onto put my readings in, the website was saying that i owed around £500 for this month. This is why i am concerned about signing up to a direct debit as i am assuming that the company would have taken the £500 from my account before i had put the readings in. It also gets messy to keep track of refunds to understand how much i am getting charged.I really dont understand how e.on are coming up with these projections and then sending a bill which i have to ignore to be honest i didn't have this issue with the previous supplier in my last homeShould i change energy company ?0
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Our annual estimates are also all over the place currently as we have similarly to you been in our house for around 6 months. Your readings don't suggest anything out of the ordinary for you though.
The projections end up being out because while the supplier has to provide them, in your case they don't have anything definitely to work with - you've been in the house 5 months, and those have all been "high use" winter months too - and it seems likely that your predecessors were very high users - these two things are combining to mean that right now, your supplier really doesn't know what you might use.
No need to change supplier unless you want to for any other reasons - just keep an eye on your readings, make sure you submit them once a month to ensure accurate billing. I'd also suggest that you switch to DD paying by the variable method - this is where the supplier bills you as usual, then takes the amount they have billed from your bank account by DD. It works out a lot cheaper than payment on receipt, but you still only pay for your actual use in a month. as you have been doing that anyway, you don't need the usual "budgeting awareness" caveat added to this, either! (If someone was on standard monthly DD and as considering changing to variable, we generally warn them of the need to budget for high-spend months in the winter by setting aside money during lower spend summer months to cover it.) They do have to bill you, and notify you on that bill when the payment will be taken by the way - so no, they can't just take an amount out before informing you how much it will be.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Can you have a second look at your bills please - has the supplier been using your readings - indicated by a letter C or your read - or E meaning estimated.
Edit and was there a big debit from your last bill which you hadn't paid by the time the last bill came in ?Never pay on an estimated bill. Always read and understand your bill0 -
Tumtitums said:I have just received a bill from e.on energy and in it they say that they estimate i will pay £3000 for electricity and £1100 for gas this year. I live in a 2bed house and dont think i use a lot of energy . I'm also out at work during the daytime around 3 days a week. I pay my bills via cash when the arrive .My questions are :i) Is this projected amount reasonable ii) i thought i read that the energy price cap is £1600 if this is true then why is my projected energy bill almost three times this amount ?
Part ii of your question is you misunderstanding the price cap. It's not all you can eat for no more than £1600. its a hypothetical average use that then calculated backwards to generate the maximum unit price. However, the unit price is multiplied by your use. So, if you use 2000 units, then you will pay 2000 x unit price. If you use 1000 units then its 1000 x unit price.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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