Ebico-ppm 90p to fry an egg

cardiffforthefacup

Wow there is no way I will be able to afford that much, my funds are very limited, looks like a cold winter and if my situation stays the way it is I will have to ask ebicco if they could reduce the £3 debt repayment. oh well this is so disturbing what with all the other money layouts.

HappyMJ

cardiffforthefacup wrote: »

Wow there is no way I will be able to afford that much, my funds are very limited, looks like a cold winter and if my situation stays the way it is I will have to ask ebicco if they could reduce the £3 debt repayment. oh well this is so disturbing what with all the other money layouts.

£3 a week is the minimum you wont get that reduced any further. You will need to look at your budget again and make sure you are claiming every penny you can. £10 a week in summer and £20 a week in winter is not much many will envy a bill of that size. If you have other money layouts you will have to reduce them to keep warm. Stop repaying any unsecured debts and take it from there. Get some advice from debt charities and get a livable budget sorted.

SwanJon

HappyMJ wrote: »

The meter you have repays the debt at 2AM on a Wednesday morning. When you top up you are repaying Emergency Credit.

Happy,
Just to add to this.
The gas meter will recovery the weekly payment from the first top up after 2am on a Wednesday morning, not from the credit on the meter.
If there is anything left of the (in this case 70%), it will repay the emergency credit.
If it is unable to take the full weekly payment (e.g. only topped up £1), it will take the remaining off the next payment in the same way. Only once it has the full weekly payment (in this case £3) will it begin to repay emergency credit.
I'm not sure how ebico set their meters, but it is possible for them to 'remember' missed weeks. If this happens you repay the missed week at 1/7 (in this case about 43p) each morning at 2am from the credit on the front of the meter. 'This' week's payment is still recovered form your top up as normal. Miss more than one week and it recovers 2/7 each morning.

(BG don't have a standing charge, although if you use a normal amount the way the meter works makes it look pretty similar.)

Cardiff - the advice to avoid EC is a good one. Also you might want to start to build up a credit now while the weather is warmer (supposedly), so that when the cold weather hits you have something to fall back on.

As your balance is under £200 you can swap supplier - use the switching sites to check that you are on the best tariff for you - if you don't have your annual consumption in kWh you can ask Ebico or wait until they send you an 'annual' statement - they need to do this following any price change.