Can I back dated money?

nrishiraj

Hi

I’ve been currently renting for the past two years. I’m currently paying / debiting a fixed monthly charge of Gas/Elect with EDF energy (£50/m) and Yorkshire water (£30/m).

I’m the only person living here. Am I entitled to money of energy usage that I haven’t used? I remember when I first joined they said something on these lines.

Sorry, I just don’t understand how they work out all the usage/bills.

Thanks

McKneff

You should get an annual bill, it will tell you whether you owe money or are in credit on there.

McKneff

You really need to understand how it works.

The fuel company looks at the price last years actual consumption and then to do a future quote they look at that price and divide it by 12 to say how much you pay per month. Hopefully it will all balance out but sometimes you dont pay enough per month, then yu will owe them, if you pay too much per month, then they will owe you money.

Say your last years bill was £1200

You pay £100 a month, then thats fine becuase you will have paid £1200.

But if you only pay £80 a month by the end of the year you will have paid 12 x £80 = £960 so still owing £240 (because your consumption was "£1200)

However, if you paid £120 a month in twelve months you will have paid £1480 (12 x 120= £1440, they would owe you £240 (because you only used £1200)

Do you understand that.

The water is different, this is to do with rateable value of the property,
if as you say you live in a flat, you could ask the water company if you could go on an assessed rate because you probably wont be able to get a meter.

backfoot

I do but try telling that to EDF....:p

McKneff

Hello, my hero;)