In credit by too much?

Options
rizzo80
rizzo80 Posts: 5 Forumite
Hello!

In a bit of a guddle, I wonder if anyone can help! :confused:

We live in a one bed flat, both of us work during the day and use little electricity. We have received a statement from Scottish Power advising that we are £392 in credit for elecriticity.

Is it just me, or is this a bit steep? Does anyone think it would be worth asking them to lower our DD??

Utterly confused - I find this 'in credit' thing a little hard to follow! :huh:

Any help would be much appreciated!

R xx

Comments

  • Magentasue
    Magentasue Posts: 4,229 Forumite
    Options
    Is this based on actual or estimated meter readings?
  • rizzo80
    rizzo80 Posts: 5 Forumite
    Options
    Hello Magentasue!

    It's a bit of both - last meter reading was actual though, and accurate.

    :EasterBun
  • Magentasue
    Magentasue Posts: 4,229 Forumite
    Options
    Based on what you say, I would negotiate a refund or lowering of your DD. Most suppliers would want your account to have a zero balance some time around March/April and then you build up a credit balance over the summer that gets eaten up by winter bills. By next March/April, you're down to zero again.

    Watch your usage - find out how many kwh you've used in the last year and, if it looks as if you're using more or if prices go up, expect to have your DD increased. If prices stay the same or go down, and if your usage stays the same or goes down, a reduced DD (about 1/12 of your annual bill) should be OK.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609.1K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards