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

Can anyone help mr read this bill?

Hi there,

I've only been living away from home for a couple of years and am still getting to grips with all these bills.

image.jpg

Hopefully you can make out it says 'account balance' and 'balance when billed'. Can someone please explain the difference to me between these in laymans terms? Do we owe the total of the two sums.

When I phoned the other day the 'account balance' was £50 than it is now, obviously our DD came off yesterday and this has changed it but why?

Thank you

Comments

  • Ryune
    Ryune Posts: 43 Forumite
    Account Balance is the balance currently on your account.

    Balance when billed is the balance that existed when the last bill was raised. In your case the bill was raised in May so several DD's have come off since and the account balance is now lower.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 2 November 2013 at 11:28PM
    You need to increase your DD to a realistic level. £600 pa is less than half of what it would typically cost to heat, hot water and power a home on E10.
    Keep it at that level and you're likely to find yourself heavily in debt after the winter quarter, when you can expect to use up to 75% of your annual total. Are you submitting quarterly reads?
    No free lunch, and no free laptop ;)
  • Thank you so we don't owe the total of both amounts?

    Macman unfortunately we just can't afford anymore - we won't be using the heating this year if we can help it.

    Thank you
  • I'm sorry I'm still really unsure in this - I'm aware I must sound like an idiot.

    The balance was raised in May and we've paid our DD since then - surely that only covers our usage (if that) though and not the balance on the account?

    I always thought we paid our £50 per month and every so often we'd get a bill to say you owe us X amount too - which seems to have happened but I can't understand why it's gone down ...

    Sorry :/
  • Own_My_Own
    Own_My_Own Posts: 6,098 Forumite
    Xmas Saver!
    edited 3 November 2013 at 12:26AM
    You don't owe either amounts. You need to give them a meter reading.

    In May you owed £413.63.
    Since then you have made 5 payments of £50 = £250

    £413.63 - £250 = 163.63.

    But this amount does not cover any usage since May.

    Hope this makes sense.
  • So we will owe that plus the usage from May till next bill?

    Great :(

    Thank you!
  • DragonQ
    DragonQ Posts: 2,200 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    So we will owe that plus the usage from May till next bill?

    Great :(

    Thank you!
    Yes. Submit meter readings regularly to get accurate bills.
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
  • 246.7K Work, Benefits & Business
  • 603.1K 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.