We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

running my edf account

webbit
webbit Posts: 152 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Energy
what is wrong with paying £95 a month for both gas and electric,and then if any deficit at bill time paying it off, the edf control centre people seem very miffed by this and try to insist on £129 a month. it just seems they want me to build up a massive credit balance.

Comments

  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Your monthly D/D amount is supposed to be 1/12th of of your expected Annual spend on Gas & Elec Kwh, (+ a contribution to clear up any debt caused by Estimated Bills or previous underpayment)

    Work out what your Annual spend should be and if EDF want something different, Email them with your figures asking them to advise you in writing of theirs if they disagree - This works for me
  • Wywth
    Wywth Posts: 5,079 Forumite
    If you don't wish to pay the amount asked, ask to pay on receipt of bill. That way you will pay for what you used :)

    But you won't get the monthly DD discount... but you don't really expect that unless you comply with their terms do you?
  • JamesMason_2
    JamesMason_2 Posts: 55 Forumite
    Answer: variable direct debit? Pay for what you use.
  • jazzy
    jazzy Posts: 1,112 Forumite
    Part of the Furniture 500 Posts Name Dropper
    JamesMason wrote: »
    Answer: variable direct debit? Pay for what you use.
    What energy companies use the variable direct debit option?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture