We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

A free loan for your new utility company!

A word of caution for MSE subscibers when changing utility company.

After I had set up my standing order British Gas wanted to take more than twice the amount of what I had previously paid.

Thus amounting as a free loan to themselves!

Needless to say I have put them right and will be watching them closely!
Waddle you do eh?

Comments

  • pak2
    pak2 Posts: 74 Forumite
    Lets be honest, they guessed at what you were likely to use. They have a duty to over estimate rather than underestimate. This is to ensure that they don't allow a customer to fall into debt.

    If you know the correct amount you need to pay, then they'll correct this.

    It's like blaming them if u have a credit balance part way thru the year. either a credit or debit bal will be achieved during the year depending on the time u start the DD. This is due to the usage not being constant during the year.

    Start it b4 a winterit'll always be in debit, start it b4 a summer it'll always be in credit.

    Pak
    I say what I like, I like what I say!
  • How do you jusify that they have a duty to over estimate? I supplied thier salesman with copies of my previous bills which it seems to me they chose to ignore.

    Do they asume that every customer who uses more fuel than estimated will not pay the bill in full?

    This pratice of overestimating seems to go on through the Utility industries and surely it must be easy and cheaper to raise extra money through niave customers rather than go to the banks.

    Take the advice from Martin keep a regular check on your bill especialy those estimated ones!
    Waddle you do eh?
  • pak2
    pak2 Posts: 74 Forumite
    The reason that they over estimate is because they have a duty not 2 allow the customer to fall into debt.

    Think about it, which is easier
    1) To claim back an overpayment, when u check the est read.
    or
    2) to have to find the money to pay them as they have charged u 2 little.

    Yes as u say, make sure u check those est bills. It is our duty to make sur ethe bills are correct as much as it is theirs.

    Pak
    I say what I like, I like what I say!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.