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Are you worried about energy prices?

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  • Rather than allowing your energy supplier free use of your money, can you not elect to pay by a variable direct debit?
    I send in a meter reading once a month and the supplier provides a bill for the actual usage - all done online - and debits my account accordingly. 
    Some suppliers seem to be treating their customers as an interest free loan source.
    Just a suggestion as different suppliers probably have different rules and regs.

  • FireFire Posts: 18,965
    I find it a relief to know the amount is the same every month and that I have the right amount in my amount to cover it.
  • BigladBiglad Posts: 3,251
    edited September 2022
    They haven't been very helpful @philippasmith2. Like @Fire, I'm happy to pay the same each month. This would normally mean being in credit for 6 months, debit for 6 months. They prefer me to be in credit all the time!

    I'll change suppliers as soon as things calm down and I can find a cheaper fixed deal.
    East Lancs
  • FireFire Posts: 18,965
    edited September 2022
    They prefer me to be in credit all the time!

    That's understandable. Most companies wouldn't want customers to run a debt with them.

    My balance goes up until the autumn and back down towards zero by the spring. If there are changes in unit charges, there will always be enough in the credit to cover the jumps; until now. I have found Octopus very good at comms and flagging up potenial changes well ahead of time.

    But, as I understand it, (generally) there's nothing to say you have to set up DDs. Before I had a smart metre I had to phone a reading in every month or quarter.
    ----
    People upthread were asking about buying furnace oil and how that will be moderated. .

    This site says today
    "The prime minister made it clear that those who are not directly covered by the energy price guarantee will be no worse off and will receive comparable support." [But they don't give a link or details on this].






  • You don't need to pay by DD.
    I get an email every month requesting the previous months payment, with a link to pay it.
    Sunny Dundee
  • Biglad said:
    They haven't been very helpful @philippasmith2. Like @Fire, I'm happy to pay the same each month. This would normally mean being in credit for 6 months, debit for 6 months. They prefer me to be in credit all the time!

    I'll change suppliers as soon as things calm down and I can find a cheaper fixed deal.
    That's fair enough @Biglad and @Fire if you are happy with how/what you are paying. I only mentioned it as I've  seen other posters commenting previously on how much over the top they seemed to be paying via their DD's. It's something of a minefield whatever you do I think and the latest assurances from the govt. don't particularly help  :(
  • You don't need to pay by DD.
    I get an email every month requesting the previous months payment, with a link to pay it.
    True enough - you could even just send a cheque  ;)
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