Energy Bills

3 lurkers | 54 watchers

Mandymoo Jul 2022 7:02pm, 28 Jul 2022 14,843 posts	0 Mandymoo We were asked to pay a silly amount monthly so I went to paying on invoice - I now put the difference between our bill and what they wanted us to pay into a savings account for the winter months
Fields Jul 2022 1:36pm, 29 Jul 2022 5,751 posts	0 Fields twitter.com Martin Lewis post - frightening to view
Bazoaxe Jul 2022 12:32pm, 31 Jul 2022 23,251 posts	0 Bazoaxe Just done my month end meter readings and added about another £160 credit. Leaves me wondering what to do as I am a healthy amount in credit and wary of them having my money. But with the further increase to come and the higher usage over winter, I like the cushion I have. I could ask for my credit back and put it aside should I need it.
Fizz :-) Jul 2022 2:49pm, 31 Jul 2022 7,258 posts	0 Fizz :-) I think that as long as you know you’re disciplined enough not to spend it, you should ask for it back.
Bazoaxe Jul 2022 2:57pm, 31 Jul 2022 23,252 posts	0 Bazoaxe Just at my MiL and have submitted her readings. She is also quite a bit in credit.
rf_fozzy Aug 2022 12:19pm, 11 Aug 2022 17,919 posts	0 rf_fozzy Q. Because I don't understand this. Why does everywhere say it's cheaper to pay by monthly direct debit than on the reciept of the bills? I get that it smooths cost over the year (although i've had real issues in the past with them overcharging me), but surely the actual price for the energy is the same? It's the same tarriff...
Pothunter Aug 2022 12:25pm, 11 Aug 2022 6,439 posts	0 Pothunter Just guessing, but do the suppliers give a favourable rate for DD because it means you are less likely to default?
Fizz :-) Aug 2022 12:26pm, 11 Aug 2022 7,295 posts	0 Fizz :-) Isn’t it the direct debit bit that’s the key? I think you can pay direct debit on actual bills as long as you submit readings, but if you don’t want to pay by direct debit at all then it’s not the same tariff. I think.
rf_fozzy Aug 2022 1:00pm, 11 Aug 2022 17,920 posts	0 rf_fozzy Ah I see. So because I already pay by direct debit, it doesn't matter.
fetcheveryone Aug 2022 1:01pm, 11 Aug 2022 28,027 posts	0 fetcheveryone Fewer overheads in chasing unpaid bills, the ability to increase the amount relatively easily, and the helpful inertia of automation.