Switched to EDF at long last !!!!

Gambler

wowsavings wrote:

Be careful about DD payments. Great that you are paying £31 instead of £55 but if you are using £55 worth of energy per month, they will ask you for this money at some point. Better to pay a realistic figure from the start so that you don't get any suprises along the way.

You will be paying £21 per month less than they are suggesting. If you are using £55 of energy per month, you would end up with a debt of £288 over a year and they will ask you for this.

Thanks but my DD is based on my usage, gone up from £31 to £35 to cover price increase.

They had incorrectly calculated an increase to £55 as my current o/s balance with them is £1 !

A_Nice_Englishman

wowsavings wrote:

Be careful about DD payments. Great that you are paying £31 instead of £55 but if you are using £55 worth of energy per month, they will ask you for this money at some point. Better to pay a realistic figure from the start so that you don't get any suprises along the way.

You will be paying £21 per month less than they are suggesting. If you are using £55 of energy per month, you would end up with a debt of £288 over a year and they will ask you for this.

For anyone on a tight budget with little or no savings wowsavings advice is correct, but I look at it like this.

If you pay for more energy than you are using you are in effect giving the company an interest-free loan. If you pay less they are giving you an interest free-loan while your money earns interest in your bank.

So pay them as little as they will allow, provided you know you can pay them back when the time comes.