Energy Prices (Strictly NO referrals!)

ci_newman said:
I'm in the same situation (although around £15 for the full month of supply across gas and electricity).

I wonder if the Government have screwed up with a price cap AND a £400 credit for all users? I guess we'll see what happens over winter.
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For a big family I guess it's a good amount

But just a couple of people or a single occupant thier bills are going to be fairly low over winter.
 
413x said:
For a big family I guess it's a good amount

But just a couple of people or a single occupant thier bills are going to be fairly low over winter.
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£66 is a 1/3 or my bill September. But likely to be 1/6 in the winter. Heating is still off as it's still very mild
 
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Efour said:
Maybe pass it on to someone that actually needs it then? Must be plenty here struggling.
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Money saved will just be used to subsidise Winter heating, no mains gas here out in the sticks.
Only real options are Oil/Propane/coal/wood.
 
LabR@t said:
No credit from ovo yet?
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Possibly they'll apply the credit to your account when they issue your refund. £66 out, £66 in.

www.ovoenergy.com

Energy Bills Support Scheme I OVO

The scheme gave you a £400 discount to help with your bills. Here’s everything you need to know about how it worked.
www.ovoenergy.com www.ovoenergy.com

If you pay by Direct Debit​


You’ll receive your discount straight into your bank account as a refund 3-5 days after your Direct Debit has cleared. This means you’ll carry on paying your full Direct Debit amount. Once the Direct Debit payment has gone through, we’ll automatically refund the monthly discount amount to your bank account shortly after.
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^JP^ said:
No credit or bills from British Gas yet either. On variable DD.
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As witth LabR@t, possibly they'll apply the credit to your account when they issue your refund. £66 out, £66 in.

www.britishgas.co.uk

Help with energy costs | gas and electric bill support - British Gas

If you are struggling to pay your gas and electric bill, British Gas can provide help. Learn more about out assistance programs and available options.
www.britishgas.co.uk www.britishgas.co.uk

If you pay by Direct Debit​


We'll send the money straight to your bank each month – like a refund – once your Direct Debit has gone through. If your monthly Direct Debit payment is lower than the monthly discount value, the remaining balance will be applied to your energy account.
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robj20 said:
My Octopus account has updated.
Shows a balance of -£10.95. I thought these payments due were for October's usage onwards.
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For most people their monthly payments aren't related to actual use in a particular month. As long you get £400 over the next six months the precise timing is pretty immaterial.
 
Octopus have added the £66 to my account. So now £966 in credit ...

Only seems my bills coming down by £66 per month. Will see what happens when I submit October's readings.
 
Does anyone know how the cap for business rates is actually meant to work? The information on our providers website is pretty unclear. If it’s just a difference from current wholesale rate to £0.21 wholesale .. there’s no discount at all?

Just got first bill through - £1.30 / kWh .. lovely
 
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Octopus has credited my account for both of our properties. I was thinking it may be 1 property per account, but guess not.
 
LabR@t said:
No credit from ovo yet?
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my DD went in on Monday and my usage for this month initially showed as +xx rather than - which accounted for the additional £66, yesterday this was displayed on a separate line to show it was paid out and today it hit my account, 3 days post my dd to them
 
Ironic Namesake said:
Does anyone know how the cap for business rates is actually meant to work? The information on our providers website is pretty unclear. If it’s just a difference from current wholesale rate to £0.21 wholesale .. there’s no discount at all?

Just got first bill through - £1.30 / kWh .. lovely
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www.gov.uk

[Withdrawn] Energy Bill Relief Scheme: help for businesses and other non-domestic customers

Find out about the Energy Bill Relief Scheme (EBRS) for non-domestic customers and how you can get support this winter.
www.gov.uk www.gov.uk
 
Surveyor said:
www.gov.uk

[Withdrawn] Energy Bill Relief Scheme: help for businesses and other non-domestic customers

Find out about the Energy Bill Relief Scheme (EBRS) for non-domestic customers and how you can get support this winter.
www.gov.uk www.gov.uk
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Yeah I did read through that before. But it’s the wholesale price that’s fixed, not the price the energy companies are allowed to sell at, so it’s not straight forward like the domestic cap

I guess I’ll know more in a month when the next bill arrives
 
Ironic Namesake said:
Yeah I did read through that before. But it’s the wholesale price that’s fixed, not the price the energy companies are allowed to sell at, so it’s not straight forward like the domestic cap

I guess I’ll know more in a month when the next bill arrives
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Assuming you're eligible for asistance, and your supplier's whole sale cost to you is being capped at £211/MWh (21.1p/KWh), you wouldn't expect to be paying £1.30/KWh.
 
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