direct debit going up what now?

Nicky321

I switched to scottishpower on 15th November 2010 as they where the cheapest supplier going off my actual annual consumption with my current supplier at that time. When they worked out my DD it was set at £50.00/month. My 1st payment was 24th November, then 24 dec and 24 jan 2011. Today they have issued a bill saying my DD will be increasing to £71.00/month to cover my usage. Surely they cannot use the 3 winter months to work out they need to put my DD up. Obviously we have just had a very cold winter and I needed to use the Electric heaters x 2 and the tumble drier more than i will in the coming months. I had decided to put my finances in order and clear my debts, done the snowball chart etc but this now alters things again. Ive asked them if I pay the debt of £55.00 would they be able to keep my payments at £50.00 for the forthcoming months. Any input appreciated.

spiro

Around easter they will want your account to balance. Whats the balance on you latest bill and how much have you been billed for during the quarter?

Nicky321

spiro wrote: »

Around easter they will want your account to balance. Whats the balance on you latest bill and how much have you been billed for during the quarter?

YOUR ELECTRICITY STATEMENT
ACTUAL USE
13TH December 2010 – 29 January 2011

Balance of your last statement £38.46 (in debit)
Payments received 24/12/10 - £50.00
24/01/11 -£50.00

Your account balance on 28th Jan 2011 £61.54 (in credit)

This period

Account balance £61.54 (in credit)
Energy charges £113.00
Discount £1.31 (internet discount)
Total VAT £5.56
Total £117.27

Your new account balance £55.73 (in debit)

spiro

If I am reading this correctly you have used £117 worth of elec ion one month. Increasing it to £77 will just pay for consumption at previous rate and clear debt in 2 months so if you offer to pay £55 they may leave it as it. The other option is you can get it reviewed in 2 months.

Nicky321

spiro wrote: »

If I am reading this correctly you have used £117 worth of elec ion one month. Increasing it to £77 will just pay for consumption at previous rate and clear debt in 2 months so if you offer to pay £55 they may leave it as it. The other option is you can get it reviewed in 2 months.

If I do go ahead with their increase of £21 per month, would they review it if I ask them to? I was surprised they had reviewed it within 3 months of signing with them, as I thought they would only review it after at least 6 months usage.

beecher2

I've never really understood when Scottish Power reviews their charges, but when I asked I was told they are reviewed every 3 months.

Have you phoned them up? You should be able to pay an amount by debit/credit card, or ask for the amount to be decreased a little.

Nicky321

Thanks for the replies, decided to go ahead with their increase. At least the Debit will be spread over the next few months, and if it looks like my account is going to far in credit I will ask them to review.

Nicky321

Right, just hoping someone can help me work this out. My estimated usage for electricity is 7862Kw per year, my product is signonline 11 no standing charge with Scottishpower. Any idea what the annual cost would work out at?

Does this look about right


7862 Kws per year

1965.50 per quarter
First 225kw per quater @ 17.053 38.36
After @ 8.041

225@ 17.053= £38.36
1740.5 @ 8.041= £139.95

178.31 per quarter x 4 = £713.24
£35.66 VAT at 5%
Total £748.90 annual
£62.41 roughly per month