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EON overcharged for 7 years
I've been overcharged 40% for electric for the last 7 years by powergen/eon. after I threatened court action they have since refunded me and have said I can charge interest but I would need to work it out and let them know how I came to the figures. Is there a simple interest calculater somewhere that I can put each overcharged bill amount in and it will calculate it for me? I know there is an court interest calculator for bank charges on this site. Can this be used and how does it work the charges out? (does it work it out with extra charges as it is a court calculator?)
Any help is appreciated as I don't have the time to sit and work out each bill (including yearly interest changes).
Cheers
GEP
Any help is appreciated as I don't have the time to sit and work out each bill (including yearly interest changes).
Cheers
GEP
0
Comments
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If you don't have the time, then it is not that important. Let it drop.
Any help is appreciated as I don't have the time to sit and work out each bill (including yearly interest changes).
Cheers
GEPHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
DVardysShadow wrote: »If you don't have the time, then it is not that important. Let it drop.
It is important, as they refunded me over £3500 and interest on that would be £100's, but to work out 4 bills a year for the past 7 years with at least 4-5 interest changes a year would take me a very long time to work out especially as I'm not a mathematician. If there is a simple interest calculator somewhere it would help.0 -
Oh look, another new user (account
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Hi GEP, and welcome to MSE :hello:"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
Hi GEP - Well done you.
The 'Interest' you are looking for is really compensation for what Inflation has done to the 'value' of the money that they have paid you now, compared to it's 'value' when you paid it over to them, and as such you should not be looking at Savings Rates over the period, but the Retail Price Index - RPI
However with Qtly billing you are looking at seperate calculations on 28 Bills, each of which has to be adjusted with all the different changes in RPI from the time it was issued.
The simple answer would be to add 5% to each years bills x the number of years of it's age - The difficult route is to visit the Bank of Englands web site and work out all the changes for each bill
Well done0
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