From what I’ve seen, people don’t really seem to understand that the price of their fixed deal isn’t a fixed total price but a fixed price per unit plus fixed daily standing charge. No one compares price per unit when questioning if something is a good or bad deal even though it’s impossible to know whether it is good or not without that information as we don’t know what their usage is like. Everyone quotes how much they are going to pay per month without making any mention of the fact that the amount is just a complete guess based on previous usage and could be massively higher or lower than that depending on what they actually use.
I have photos, but he gets the hump if I post them. Even though he did lose my brilliant tin foil FA cup somewhere up the Edgware Road. Great day, apart from losing..
You have the right to change either. A D/D is initiated from the the beneficiary & a S/O is something you set up with your bank, but is rather outdated, if you are dealing with a large corporation / business. You should be able to go online & adjust your direct debit though, as long as you are not in arrears.
They predict what they think you will use over the next quarter and then split that into equal monthly payments. They also predict what you will use over the year and try and make sure that your spring and summer quarters are higher than the amount you use to keep some money in reserve to help your autumn and winter ones be lower. If you use less, or more, than their guess then you get in front or behind. The way it’s a direct debit and not a standing order is that they can keep reviewing it and changing it without you having to actively do anything, they couldn’t change a standing order and it would be the exact same amount indefinitely (well, until it ran out and a new one was set up).
Wifes just teld me what we pay, an average of 1,400 parnd a year, so ive got to start paying abart 3 times as much, thats gunner be 360 parnd a month, council tax, an everything else, are think i'm gunner be loookin for a job, and thats predicted during one of longest and hottest summers recorded, thank foook for global warming, i just hope we av the dryest and warmest winter on record, to help bail us all out.
Because mostly energy company’s look at your average usage compared to all their other users, add a bit for contingency, then estimate your annual bill then divide by 12 for the DD. Otherwise you’d be paying very little in summer but loads in Winter. Due to this, the only time people are in a - on their account is when the price goes up more than the allowed contingency, and so most of us, most of the time are in credit on our fuel bills. Of course, this isn’t normal times, so more people may currently be underpaying.
@SuperTyke I think @JamDrop did a better job of explaining it than I would have. But yes that's what I was getting at. People just looking at what they pay a month and seeing that go up. Not making the connection to the cost actually being based on usage (and standing charge) Yes the price cap examples are just based on average usage. So talk of the cap being restricted to £2500 doesn't mean you couldn't spend £5000 q year on energy if you were high usage. For example people who require electricial medical equipment at home to live.
Thanks to everyone for explaining. I think I did know what people have said but just didn't really know how to explain it to myself it that makes sense.
agree. TCW and TCR rates (cost per unit plus standing charge) used to be published on the suppliers websites, they seem to have disappeared now. checked those before any swap to a new supplier
To add as well, it’s like all the news reports today saying ‘Truss will freeze energy bills at £2500’. Anyone reading that may realistically think that their bill will be a maximum of £2500 for the year. In reality, if they have high usage, their bills could be many hundreds or thousands above that. It might also help people in cutting back their usage if they fully understand how each kilowatt an hour affects their bill rather than them thinking it’s an amount of money the energy company is charging them that they have little control over (obviously those with medical equipment or who already use the bare minimum can’t control it, most people realistically can make small changes though which will add up).
Now we’ve sorted that. Can anyone explain to me how to get a toddler to go to sleep with minimal fuss?
Chloroform is good. Well it's what I keep threatening to use, I've a 9 year old lad with ASD and adhd and doesn't know what sleep is lol