Electric meter in flat: How many units per £1 coin?

I've got this domestic electric meter that takes £1 coins. Can anyone tell me how many units per coin it should be set to? I don't want to make a profit on the electricity; but I don't want to make a loss either.

Thank you,

Drake

Reply to
Drake
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How long's a piece of cable? It all depends on your tariff, how much the standing charge, how much the tenant uses. I'd suggest you over-estimate the cost, and if you're that honest a bloke, refund any excess at the end.

Tiddy Ogg.

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Reply to
Tiddy Ogg

I believe it's illegal anyway, you can only charge the wholesale cost and pass that on, IIRC. Dig out your electricity tariff or look on uSwitch.com for the price per kW/h, it's probably around 10p per unit.

Reply to
Virgils Ghost

Are you sure about that? I'd have thought at the very least you could charge a fee/premium for providing the meter and of course for providing the service of emptying it.

Reply to
Ronald Raygun

You can only charge what your electricity supplier charges you. No more.

Reply to
Jonathan Bryce

You can't.

Reply to
Jonathan Bryce

Thanks to all for the replies. My supplier (Southern Electric) charges me about 9p per unit, acording to my electric bill. I wasn't sure if the 'units' mentioned on the meter were the same as the 'units' mentioned on my electric bill. Judging by your responses, I now conclude they are the same units.

Drake

Reply to
Drake

There's an explanatory document available here

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If your supplier makes (directly or indirectly) a standing charge you can increase the unit price to cover the estimated cost of this - see the document in the link.

Reply to
dtren

"Ronald Raygun" wrote

Aren't those (service) fees included within the "rent" being charged? ;-)

Reply to
Tim

I could imagine that the rent being charged for the meter would be included in the rent for the flat. The service fee for emptying the meter *could* be included too, but it seems to me it would be fairer to link the fee to the amount and frequency of work involved. It seems reasonable to charge a fixed fee for each occasion on which the coin box is emptied, and if the emptying is timed to happen just before the box gets full, then the fee should be proportional to the number of units used, and so it makes sense to add it onto the cost of the unit.

I'm assuming, btw, that the meter is not supplied by the power company but by the landlord, as a kind of sub-meter, with the landlord paying the supplier for power used in the whole house, as measured by a single master meter, with the landlord having had to provide coin-operated sub-meters for each of the let flats.

Reply to
Ronald Raygun

In message , Ronald Raygun writes

Its all here:

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leprice

Reply to
John Boyle

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