But realistically what would they do if you just cancelled the DD and submitted a meter reading every month and just paid for what you use?
I imagine they'd find some way to shaft you for doing that though.
There's a discount for paying by DD.
Presumably you can speak to them and discuss lowering the DD.
If you're on a decent two year fix it seems like cutting your nose of to spite your face moving to standard variable tariff.
That seems to be a common theme they've taken away the ability to control the DD while simultaneously putting it up and you're not only one/only company its happened to you're lucky its only £36 they've bumped mine up nearly two and half times and theres no option to reduce it. Nope thats what we've decided and now you're paying it whether you like it or not.
But realistically what would they do if you just cancelled the DD and submitted a meter reading every month and just paid for what you use?
I imagine they'd find some way to shaft you for doing that though.
Is the discount more than the massive DD hikes that you have no control over though?
They should really have to pay you interest if your account is in credit, or be forced by law to refund you.
If you're paying by fixed DD then they expect you to keep it fixed - that's the whole point of it.
It's clear from the graphs you've shown that £200 per month won't be enough to cover your bills over the next 12 months. Ovo have a responsibility to set your DD to the right amount based on annual usage - which it looks like they've done accurately.
Like I say, I get 'why' its done
I'm hopefully completing on a house purchase in the next month or so, but the house has a pre-pay token meter which I understand is even more expensive.
Not looking forward to trying to sort that mess out..![]()
The payments haven't been all that well managed IMHO.
I think for the level of control you want you'd be better off with one of the suppliers that offer the ability to pay via DD but on receipt of a monthly bill. Sounds ideal for what you're hoping to achieve. Nothing to worry about with under/over paying then.
As I said, I get that. But what my issue is why can't I have control over the direct debit amount and pay an increase as and when its required? Rather than them hike it now when I'm about to start using even less energy for a number of months? If its based on annual usage I'd expect a request to increase the direct debit as and when I start using more energy, not now. And we've been in the house for less than three months so quite how they can estimate our annual usage as yet I don't know.
That said, I guess I'm lucky I'm not in the same boat as Blackjack Davy with a huge increase.
Yes your DD increases automatically (usually 6 monthly) once your supplier performs a periodic check of your usage. If you are unsure what would cover you, switch to whole amount monthly DD so you pay for what you use instead of guessing.While I'm still on a fixed rate, my usage has gone up (I didn't have an electric car when I started). I'm in debit by around 230 quid, but my dd is about 90 a month so it's unlikely that it will ever cover it. I'm with outfox the market, does anyone know if they up the dd automatically? I had a look on their website but it wasn't really clear. I could make a one off payment, but I'd rather increase my dd at the same te otherwise it will just happen again.
No chance, its already below the wholesale price.So gas prices are down by 22% today, going to assume we won't be seeing any associated drop in what we pay.
You can pay quarterly, just tell them that's what you want to do. My parents have always paid this way. Too many let the supplier dictate the patent terms, it's not how it works, withhold payment until they set it up the way you want.I must admit there are times I wish we could return to the days of quarterly bills in the post and buying savings stamps to offset the hit a little bit. Of course instead of being £2 or £5 stamps, at the crazy now prices would have to be £20 or £50!!
Depending on the company, they won't allow you to do a quarterly bill anymore, I know EDF don't. Its not something they can offer in any format (cash cheque or DD)You can pay quarterly, just tell them that's what you want to do. My parents have always paid this way. Too many let the supplier dictate the patent terms, it's not how it works, withhold payment until they set it up the way you want.
Pretty sure a big part of the DD agreement is that both parties agree to it, so if the payment isn't what you agree to cancel it phone them up and agree a new one.
You can pay quarterly, just tell them that's what you want to do. My parents have always paid this way. Too many let the supplier dictate the patent terms, it's not how it works, withhold payment until they set it up the way you want.
Pretty sure a big part of the DD agreement is that both parties agree to it, so if the payment isn't what you agree to cancel it phone them up and agree a new one.