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BG DD help

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mambo5
mambo5 Posts: 8 Forumite
Part of the Furniture First Post Combo Breaker
I am with BG, wondering what would happen to my DD amount that I had paid, if my monthly bills (gas and electric) are less than the DD amount they cahrge me, i.e my monthly bills cost £40 a month, BG debit £70 from my bank account, meaning to say I have £30 credit balance in my BG account. Would BG refund whatever balance in my BG account if I cancelled the account or switch to other company?

Thanks

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  • jem16
    jem16 Posts: 19,593 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The DD covers the amount for a whole year. In Summer you should build up a big enough credit balance so that when Winter comes you have enough there. You neither want to build up a huge credit or a huge debit so keep an idea of meter readings and watch your consumption so your DD can be as accurate as possible.

    If you leave BG your final bill will be calculated. At that point if you are in credit you will be refunded.
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