Electricity is currently supplied by GB Energy, who failed, and are now
part of the Co-op. Current contract expires September this year, and
they are urging me to switch, claiming a saving of ?98.85 per year.
Current costs (bill dated 23/06) are :
TCR 12.67 p/kWh
9.40p p/kWh unit rate
22.62p per day standing charge
(22.62 x 365 x 1.05 = 86.80 pa inc. VAT)
New contract :
TCR 14.82 p/kWh
14.82 p/kWh unit rate
20.55 per day standing charge.
(20.55 x 365 x 1.05 = 78.76 pa inc. VAT)
We have used 5712 units over the last year.
5712 x 9.40 x 1.05 = 563.77 pa inc. VAT
5712 x 14.82 x 1.05 = 888.84 pa inc. VAT
Daily charge therefore reduces by 8 pounds a year, but unit cost
increases by 325 per year. What am I missing? How can that save their
quoted 98 per year?