Energy Prices (Strictly NO referrals!)

the shadow · 18 Sep 2022 at 12:36

bigmike20vt said:
so I have read conflicting bits and bobs. this £66 a month is it going directly on our energy accounts (sensible imo) or is it going into our bank accounts (not bothered either way but doesn't seem sensible imo)

directly on our energy accounts

bigmike20vt · 18 Sep 2022 at 12:36

the shadow said:
directly on our energy accounts

thanks for the reply. I thought so

mattyfez · 18 Sep 2022 at 12:53

I think I'm paying 27p on a token meter already.. So I guess it's not too bad.
My gas I pay online monthly after submitting a reading as the estimate is always ludicrous.

With BG... So I dunno if I'll get a voucher for my electric token meter or if they'll just credit my gas account with the monthly top up payments?

the shadow · 18 Sep 2022 at 12:59

October 2022	£66
November 2022	£66
December 2022	£67
January 2023	£67
February 2023	£67
March 2023	£67

If your electricity bills are less than £66/£67 a month, you’ll still get the same amount. You can carry on using the discount to pay for your electricity after March 2023 (until all the £400 is used up).

For Direct Debit customers, we’ll send the discount straight to your bank each month – like a refund – once your Direct Debit has gone through.

For example:
If your Direct Debit is £100 a month, you’d pay that as normal. Then a few days later, £67 will be paid in to your bank account. If your Direct Debit is less than £67 a month, say £50 for example, £50 will be refunded to your bank account and the remaining £17 will be applied as credit to your energy account.
From BG

Goodie · 18 Sep 2022 at 13:20

the shadow said:
October 2022
£66
November 2022
£66
December 2022
£67
January 2023
£67
February 2023
£67
March 2023
£67

If your electricity bills are less than £66/£67 a month, you’ll still get the same amount. You can carry on using the discount to pay for your electricity after March 2023 (until all the £400 is used up).
For Direct Debit customers, we’ll send the discount straight to your bank each month – like a refund – once your Direct Debit has gone through.

For example:
If your Direct Debit is £100 a month, you’d pay that as normal. Then a few days later, £67 will be paid in to your bank account. If your Direct Debit is less than £67 a month, say £50 for example, £50 will be refunded to your bank account and the remaining £17 will be applied as credit to your energy account.
From BG

An excellent way to make something so simple confusing.

mattyfez · 18 Sep 2022 at 13:23

I refuse to pay by direct debit.. I don't trust the bar stewards. Any credit can stay in my bank account, not thiers, lol!

chaparral · 18 Sep 2022 at 13:36

the shadow said:
October 2022
£66
November 2022
£66
December 2022
£67
January 2023
£67
February 2023
£67
March 2023
£67

If your electricity bills are less than £66/£67 a month, you’ll still get the same amount. You can carry on using the discount to pay for your electricity after March 2023 (until all the £400 is used up).
For Direct Debit customers, we’ll send the discount straight to your bank each month – like a refund – once your Direct Debit has gone through.

For example:
If your Direct Debit is £100 a month, you’d pay that as normal. Then a few days later, £67 will be paid in to your bank account. If your Direct Debit is less than £67 a month, say £50 for example, £50 will be refunded to your bank account and the remaining £17 will be applied as credit to your energy account.
From BG

who electricity bill is only £66 pm :confused:

Mine £200

Iamzod · 18 Sep 2022 at 13:55

mattyfez said:
I refuse to pay by direct debit.. I don't trust the bar stewards. Any credit can stay in my bank account, not thiers, lol!

Any interest you earn in your account will be dwarfed by the DD discount though. You are just costing yourself more.

LabR@t · 18 Sep 2022 at 13:57

Iamzod said:
Any interest you earn in your account will be dwarfed by the DD discount though. You are just costing yourself more.

Ovo pay 5% interest in any credit you have.

Iamzod · 18 Sep 2022 at 14:00

LabR@t said:
Ovo pay 5% interest in any credit you have.

Really? Best just being a few grand in credit then rather than it being in the bank account.

mattyfez · 18 Sep 2022 at 14:04

Oh OK.. That's more than my ISA is paying lol... Maybe I should move all my savings to OVO? Lol

LabR@t · 18 Sep 2022 at 14:10

Iamzod said:
Really? Best just being a few grand in credit then rather than it being in the bank account

In the past they didn't like you going over £1000 credit by I am was happy to build up a nice balance and after the winter I pull it out and buy myself something nice

LabR@t · 18 Sep 2022 at 14:11

mattyfez said:
Oh OK.. That's more than my ISA is paying lol... Maybe I should move all my savings to OVO? Lol

3% for first year going up to ,5% after 2 years. The interest of knocked off your bill each month

Joeyuk · 18 Sep 2022 at 14:11

chaparral said:
who electricity bill is only £66 pm

Mine £200

Mine is only £36pm. To be fair it’s only a 1 bed flat plus Scottish power have messed up the economy 7 meter installed. It’s the wrong way round so I’m paying night rate 9.2p for roughy 70% of my bill.

n111ck · 18 Sep 2022 at 14:14

Eon’s website now says ‘The new cap level does not apply to you right now if you are on a fixed-term tariff.’ Wtf?

mattyfez · 18 Sep 2022 at 14:16

My electric bill is currently about £48 per month on a token meter.. Single person in a 2 bed terrace.

I'm very power efficient also to be fair.
The only things that have constant power are the fridge freezer and the Internet router.

ci_newman · 18 Sep 2022 at 14:17

chaparral said:
who electricity bill is only £66 pm

Mine £200

My 4-bed with 2 adults, 2 kids is £66pm and we both WFH too. Assuming you have electric heating, elec showers or an EV or something?

MatsyLR · 18 Sep 2022 at 14:18

ci_newman said:
My 4-bed with 2 adults, 2 kids is £66pm and we both WFH too. Assuming you have electric heating, elec showers or an EV or something?

Some people are just VERY wasteful and have no idea how much electric things use.
My PC uses around £1 for being on 12 hours per day (not gaming just on and doing stuff) which is the majoirty of my electric usage. I probably use £1.50 per day once I factor in cooking, and that's only when I'm not at work.

Joeyuk · 18 Sep 2022 at 14:21

ci_newman said:
My 4-bed with 2 adults, 2 kids is £66pm and we both WFH too. Assuming you have electric heating, elec showers or an EV or something?

That’s pretty impressive, my sister is pretty much the same setup but theirs is £200pm. It’s was £300+ before they started to be more energy efficient.

Goodie · 18 Sep 2022 at 14:34

chaparral said:
who electricity bill is only £66 pm

Mine £200

Someone who’s gone on holiday for the month and has left the bare bones running and is paying SC