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Automatic Credit Refund on Utility Bills?
Hello all,
I know this is probably a really silly question but if I'm in credit with my gas and electricity suppliers (about £500 in credit!!) and I switch, will they automatically refund me the credit when I switch over to a new supplier?
Do I need to apply for it or contact them? I am with Ovo and NPower, moving to Scottish if that makes any difference.
Thanks for your help in advance!
Charlotte x
I know this is probably a really silly question but if I'm in credit with my gas and electricity suppliers (about £500 in credit!!) and I switch, will they automatically refund me the credit when I switch over to a new supplier?
Do I need to apply for it or contact them? I am with Ovo and NPower, moving to Scottish if that makes any difference.
Thanks for your help in advance!
Charlotte x
0
Comments
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Yes, you should be automatically refunded once your final bill has been produced and paid.
Is your £500 credit shown on a recent bill(s)?
Don't forget that a credit shown at any other time than on a bill can be misleading. This is because payments are credited to your account monthly, but you are only debited for gas/electricity quarterly.
e.g. If I look at my gas account on-line today it might show me as being, say, £400 in credit because my DD payments for Feb and March have been credited. However tomorrow I could get a bill for £450 and thus have a debit of £50.0 -
I have always been in credit with my bills by at least £100-200 (even after the winter periods) with each company I've been with. Once my final bill was settled, they always sent me a cheque via the post. I didn't need to request it. However, it never hurts to ask for written (even email) confirmation that this will be done.0
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Yes, it was on my online accounts/statements.
Thank you both for replying, I'm on my own and having to sort bills out myself now.. I wish they taught you these kinds of life skills at school! :A0
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