@bigmike20vt doobedoo had summarised it perfectly. I know there are a raft of processes to go through but surely it's only one step away from cutting supplies remotely.
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Energy Prices (Strictly NO referrals!)
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@bigmike20vt doobedoo had summarised it perfectly. I know there are a raft of processes to go through but surely it's only one step away from cutting supplies remotely.
Yeah, I agree that people on prepay meters shouldn't be charged extra but I assume its due to the extra person involved in the process who also wants some profit i.e. the shopkeeper who sells the top ups.
Traditionally the people who are on pre-pay meters are those who cannot be trusted to pay their bills and would rack up huge debts without a very direct link between their usage and the money in their pocket.
The shop keeper has benefit for supplying electric in the same way a garage forecourt does. Every person buying electric is potentially buying some bread or milk ect.
These companies very rarely lose out the court system are setup to favour them. I’ve got no problem with people being put on a prepayment meter but don’t take the **** and charge them more.
Soldato
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you are miss representing what i said......... i said i dont think it is outrageous for non payers to be put on prepayment... i specifically agreed that they should not be forced to pay more than the energy they use however.....
what would you do if you ran a business and a customer continually missed payments? would you continue to supply them at your expense?........ Energy is a vital commodity that everyone should have access to however it isnt for the companies to cover non payers................. that really should be down to the government.
The problem is the most vulnerable are not, not paying because they are crooks or don’t want to, they can’t find the money. Ok the poor corporations are going to have some temporary debt accrued but the most vulnerable can still eat and heat their homes. Put them on a prepayment and the same problem exists except you’ve essentially cut their supply off. No money, no supply.
Don't worry, it wont change anything. Your contract with whoever provides your FiT payments is for 50% deemed export. Getting a smart meter wont change it. I've done exactly this this year. Eon Next installed smart meter in March, and by coincidence my solar FiT contract is with them, Eon, and nothing has changed. I still get 50% deemed export payments, although that element of the FiT payment is the smallest.
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Smart meters and Feed-in Tariff changes
Find out how smart meters may affect your FiT exports. We answer your FiT FAQs.
Thats not how it works though. Small shops will want to make a small amount of money on each one and thats not unreasonable.
These companies 100% do lose out when people don't pay their bills. It costs them a lot of money to chase, go to court to finally get an order for 50p/week to potentially address a bill in the hundreds.
Its unfortunate but if you don't have enough money, things cost more. By all accounts if you don't have any debts and not awful credit rating you can get your meter swapped to a credit meter.
Smart meter makes no difference to FIT payments, I still get 50% deemed export on a smart meter on the rental property.
That 50% deemed export is tied into the FIT contract for its lifetime.
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But that small amount of money is it not included in the sc? After all smart meters are a new thing.
If people are running up a small debt then yes that is an issue but why are they running up debts? If you have no or very little money what are you to do? How to you top up your electricity key with little or no money?
For now but that can change if they mandate meter readings which they have the ability to do if you have a smart meter.
I edited my post to add.
The 50% deemed export is tied into the FIT contract for the life of said contract. they can't change it.
I mean, probably for many reasons. Same reasons anyone runs up debt. They spend more than they get. Whether that is due to poor financial planning or an impossible situation. Why do people run up large debts with the likes of Klarna for things that are 100% not essentials. Because its hard to be sensible with money when you have a free line of credit effectively.
Plenty of people who can very much afford to not be on a prepayment meter are still on one because they haven't been sensible with their money.
Read my post where I posted the literature from Edf.
Soldato
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If your running at a negative amount and running up debt then a smart meter switching to PAYG is simply bringing forwards the point of no return and at a lower total debt point than a normal credit meter.
With a normal credit meter sooner or later your going to get cut off, or be forced onto a prepayment meter if you don't pay for what you use.
With a normal credit meter sooner or later your going to get cut off, or be forced onto a prepayment meter if you don't pay for what you use.
Yes, that might apply to new systems, but the old FIT system is all tied down by the contract that was made.
Edit to add, the FIT payment readings have nothing to do with the Smart meter, the readings are from its own meter
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We are making assumptions that these people have huge flat screen tvs and fake Gucci handbags aka daily Mail. We should all be aware by now that we have a cost of living crisis, those at the bottom are facing ever increasing prices but no pay rises. Energy prices have sky rocketed of course people are going to struggle to pay it.
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Do you have a source?
Climate change, woo!