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Scottish Power To Pay Direct Debit Interest
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bristolleedsfan
Posts: 12,644 Forumite
in Energy
One in the eye for the posters who have been adamant that Power Companies are entitled to interest free credit balances in return for DD discounts. :rolleyes2
http://www.thisismoney.co.uk/consumer/bills/article.html?in_article_id=481252&in_page_id=510
http://www.thisismoney.co.uk/consumer/bills/article.html?in_article_id=481252&in_page_id=510
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LOL. I'm sure there's something behind this we haven't been told yet. Energy companies just don't do this sort of thing unless they are forced/co-erced. 3% is pretty good these days, maybe I should ask them to up my DD to a couple of grand a month....strokes chin.Call me Carmine....
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??0 -
It's a good thing the energy companies are so keen to give their profits back to us. Otherwise they'd be looking for a way to claw this back.0
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Does this mean my DD will go down as will be in credit next bill?Now a SAHM trying to earn some spare pennies each month0
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What will this board be like this time next year, if the energy companies only let people build up balances of £133 over the summer? Just before, over or after Christmas, we'll all get hit with that first winter statement and DDs will have to soar to catch up.
I suppose I'm one of those people referred to in post 1. Not that I feel the energy companies are entitled to earn interest from DD balances without compensating customers. But I can see it makes business sense to limit the number of customers building debts over the winter and, personally, I feel the DD discount makes it worthwhile to build credit that pays the winter bills.0 -
Definately a step forward, so long as it isn't matched by a drop in DD discounts, or worse, interest charged on any balances over £100.
Me, cynical?0 -
Scottish power are idiots im £400 in credit
and my readings are upto date
but they refuse to lower my direct debit0 -
I've just asked about this and they say they give you a 10% discount for paying upfront (for me its app £600 for both electric and gas) but I asked if I used over 10% less energy would I get a rebait for the balance and they said no that it would just roll over so would you ever benefit from this 3%?First win Friday 13th! Knew it was a lucky day for me
2009 Wins: Special K, Super Glue & Little Dish Ruck Sack0 -
Emma_Salmon wrote: »I've just asked about this and they say they give you a 10% discount for paying upfront (for me its app £600 for both electric and gas) but I asked if I used over 10% less energy would I get a rebait for the balance and they said no that it would just roll over so would you ever benefit from this 3%?
There appears to be two or possibly even three seperate initatives.
"In a second initiative, aimed at encouraging customers to pay on time, ScottishPower will offer a five per cent discount to customers who settle their estimated annual bill in advance. "0 -
lilmissmup wrote: »Does this mean my DD will go down as will be in credit next bill?
I wouldnt hold my breath if I were you!Missing Tesco R&R since Feb '07 :A & now a "Tesco veteran" apparently!0
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