Will he be saving 61% ?

You have to deduct the meter charge first for both water & electricity before working out the percentages.

When you do so and work out the 5% decrease on water and 25% on electricity you will find that the actual percentages against your workings are MUCH LESS.

[Daphne – Those were illustrations of how percentages work when averaged out. So the meter charge is absolutely irrelevant.]

So basically, Konnie tal-Gass is not telling us how much we are saving on electricity and water separately but he combined the figures together. Why? To make it sound more appealing to the masses.

But I expected this even the first time that they had announced it since the reduction was going to be on the units used and not on the total bill, therefore no reduction for the service charges, and apart from that they had said that the reduction will be according the amounts used but the PL did not put an emphasis on this and emphasised that there will be a 25% reduction in electricity and 5% in the water bill.

Why are we being treated like a bunch of fools and the PN does not expose these type of gimmicks?

For example a residential consumer staying within the consumption limit of 2MWh will pay 0,1365 Euro/kWh instead of 0,21 Euro/kWh.
It means a discount of 35%.

Please note that within th elimit of 2MWh the consumer never paid at the rate of 21c per unit but at 16c per unit

What they did not say, and all of you have missed is the fact that the 31% or whatever discount is being mentioned include the ECO discount.

So in reality the discount being given is the difference between the variable eco reduction and the presumed discount that we will see on the bill. My real net discount worked on real cosumption and the advertised net rates published work out at 9.97% on electricity and if you include the metre charge, which has not been changed as yet, this discount works out at 8.6%.

I worked also my water bill and the saving is 2.73% on consumption and if I factor in the meter charge for the period this discount goes down to 2%.

My total bill worked on the new rates show a total overall discount of 8.45%. If I remove the meter charges the consumption discount is 10.23%. This reflects a daily discount of just 17 cents (or the old 7 cents) per day.

Simple maths show that if the pre 31st March 2014 cost per unit was 16.1 cents per unit, the discounted price at 25% was 12.08cents per unit.

If you were to just get this figure and give a discount of a further 25% the price would work out at 9.06 cents, which price is even less than the price that Electrogas will be charging per unit of 9.67 cents.

What FP said, together with what chris and Mark Thorogood said. I believe that this time it is your calculations that are wrong Daphne.