How much credit should I be in at this time of year?

elliesmemory1

How much credit should I be in at this time of year?
One bed flat single person gas heating and water, everything else elec. Pay by dd
I only ask am in quite a bit of credit and would like a refund but dont know if they will let me due to time of year etc

elliesmemory1

Any one have any idea please

elliesmemory1

I pay £67 a month and am nearly £100 in credit. my monthly payments were reduced from £87.
I know with prices going up and winter coming my us will go up but it is only aug and I hope not to put heating on til oct and Im out off the house most days.just think the money is better in my bank account than theirs!
Thanks for your reply

brewerdave

Hardupandfedup wrote: »

I pay £67 a month and am nearly £100 in credit. my monthly payments were reduced from £87.
I know with prices going up and winter coming my us will go up but it is only aug and I hope not to put heating on til oct and Im out off the house most days.just think the money is better in my bank account than theirs!
Thanks for your reply

Making an assumption that your annual spend has been correctly calculated by the Utility Company (!!) as 12* £67 =£804

On a "normal" usage pattern with those monetary amounts I'd expect you to be in a small deficit by next Spring EVEN WITH the current £100 credit - if you insist on the credit back I suspect they will whack your DD back up - possibly even more than the original £87 !!

jalexa

Hardupandfedup wrote: »

I pay £67 a month and am nearly £100 in credit. my monthly payments were reduced from £87.

kjsmithy is exactly right about the zero balance at the review date.

All suppliers have similar procedures, look online for yours. This is Edfs which is the one I'm most familiar with.

http://www.edfenergy.com/products-services/for-your-home/direct-debit/direct-debit-existing-direct-debit-customers.shtml

Although it doesn't say, the "annual" review date is set as the first April and annually thereafter. That is a fairly common annual review date for suppliers. It is difficult to assess payments accurately in the first "less than a year". After that there is no reason not to have a fairly accurate monthly payment. Which is not the same as saying that is what you will get if you don't police it. Take note of brewerdave's post.

elliesmemory1

I was in credit last spring and got a refund, I understand what you are saying but its my money and better in my account than theirs.