How to Read Your Electricity Bill

This is a standard electricity bill, albeit from 2010, the year our eardrums were ringing with the honk of the Vuvuzelas, our minds first blown by that DOUBLE RAINBOW and no-one knew what a Brexit was. 

We’ve highlighted a few important bits for you so you know you’re being charged for:

1. This is the time period of the bill, in this example it is a 3 month or quarter yearly bill, it is likely your bill will be on a month basis. It is important to understand the timeframe to work out any yearly estimates. 

2. This is the actual amount of energy used in the time allotted time period. This will be measured in Kilowatt Hours, kWh for short. One kilowatt hour is about the same amount of energy used to keep a 100-watt light bulb on for 10 hours. In this example, 748 kWhs were used over a 99 day period.

3. This is the maths (-.-), sadly the vital part. In this example there are 2 separate rates, you may only see one on your bill or 2 separate rates for night and day. The first rate here is 24.041 pence per kWh, and the second rate is 9.655p per kWh, wow would you be lucky to find a rate like that today! The rates are multiplied by the amount of energy used to calculate the amount you owe your energy provider. 

Did you know? According to Ofgem, the average electricity price in the UK is 24.50 pence per kilowatt-hour (kWh) for households on standard variable tariffs paying by Direct Debit. 

4. Brace yourself! This is the price to keep the lights on, the fridge cold, and your tea kettle ready for endless cups.

5. Most bills will show you a projected yearly estimate of electricity used in kWhs and how much that will cost you. SaveOnWatts are here to help make that as small as possible!