Comparing current to a new fixed, confused

Marvel1

Slightly confused on the results of comparing a deal.

Using moneysavingexpert cheap energy club.

Currently with British Gas, smart meters on prepayment mode

My current Electric
Yearly usage: 1600 kWh
Standing Charge: 51.79p per day
Unit Rate: 27.61p per kWh

My current Gas
Yearly usage: 1898 kWh
Standing Charge: 32.81p per day
Standing Charge: 7.12p per kWh

Result for a prepayment:


Breakdown

Electric
Standing Charge: 44.93p per day
Unit Rate: 25.43p per kWh

Gas
Standing Charge: 25.96p per day
Unit Rate: 6.58p per kWh

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I look to change to Direct Debit, so I change my payment method to Direct Debit, keeping the usage the same- 

British Gas tariffs based on the price cap tariff (prices are the same as Prepayment)

Electric
Standing Charge: 51.79p per day
Unit Rate: 27.61p per kWh

Gas
Standing Charge: 32.81p per day
Unit Rate: 7.12p per kWh

Results for Direct Debit:



Breakdown

Electric
Standing Charge: 44.93p per day
Unit Rate: 26.36p per kWh

Gas
Standing Charge: 25.96p per day
Unit Rate: 6.31p per kWh

__________________________________________________________________________

Utily Warehouse is slighty higher than EDF for electric unit rate
Utily Warehouse is slighty lower than EDF for gas unit rate

Overall I'm saving 4% more on Utility Warehouse for Direct Debit - slighty confused as to why/how?
Any idea what I am missing?

I read this:

Point 3 https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/

If you find a fix for at least 7% less than the new (Apr to Jun) Price Cap, it's predicted you'll save over the year compared with staying on the Price Cap

I take it I have done from above.

QrizB

On your current PAYG deal:

• Electricity: 1600kWh at 27.61p/kWh plus 365 days at 51.79p/day makes £630.79 per year
• Gas: 1898kWh at 7.12p/kWh plus 365 days at 32.81p/day makes £254.89 per year
• Total £885.68 per year

On the EDF PAYG deal:

• Electricity: 1600kWh at 25.43p/kWh plus 365 days at 43.93p/day makes £567.22 per year
• Gas: 1898kWh at 6.58p/kWh plus 365 days at 25.96p/day makes £219.64 per year
• Total £786.86 per year

That's a saving of £98.82.

QrizB

On the current BG DD deal:

• Electricity & gas unchanged from above
• Total £885.68 per year

On the UW DD deal:

• Electricity: 1600kWh at 26.36p/kWh plus 365 days at 44.93p/day makes £585.75 per year
• Gas: 1898kWh at 6.31p/kWh plus 365 days at 25.96p/day makes £214.52 per year
• Total £800.27 per year

That's a saving of £85.41.

QrizB

I can't explain why the Cheap Energy Club gets different numbers, unless it's assuming that you'll drop off your current fix and onto the SVT when yor fix expires and is somehow pro-rata'ing your consumption for the next year?

And apologies for three short replies, it made it easier for me to keep track of what was what.

bristolleedsfan

No exit fees via EDF website

Simply Fixed Direct Jul26v7 -  Exit fee None

DD prices shown in quote/unit rates

If looking at DD fixed rates, what are B.G DD fixed rates ????

Marvel1

Thank you @QrizB

@bristolleedsfan, got there in the end, my address wouldn't work, tried next door - they are pay as you go, other neighbour already supplied by them.

Electric:
Unit 24.342p per kWh
Standing Charge 48.316p per day

Gas:
Unit 6.462p per kWh
Standing Charge: 25.965p per day