Energy Bill Refund for Prepyment meters

chrispy1

If I remember correctly weren't the energy companies ment to give us a rebate on our bills. But I don't remember hearing anything about a rebate on prepayment users and I have not heard anything from my supplier.
Should I have?

Andy_WSM

Depends on your supplier and your tariff. If you were on a fixed tariff at the time of the announcement then you won't be getting a refund as the greedy energy companies decided "fixed is fixed" and kept the money for themselves.

Nada666

Many fixes will receive the flat £12 rebate by this winter but the balance of the ~£55 (on average) is not being given. Write to Ed Davey MP if you are not happy with his lies.

Being on a prepayment does not exclude you from the provisions.

lstar337

Andy_WSM wrote: »

Depends on your supplier and your tariff. If you were on a fixed tariff at the time of the announcement then you won't be getting a refund as the greedy energy companies decided "fixed is fixed" and kept the money for themselves.

Now now!

I happen to agree with them on that.

If the fixed tariff works in your favour would you agree to the energy company billing you for the shortfall they receive?

A fixed tariff is a risk, always.

Andy_WSM

Ordinarily I'd agree - but it was a tax reduction, which should have been passed on in my opinion.

Unit prices, distribution costs etc, yes, agree they are set and it's a risk to both parties.

The Governments intention was that households would benefit from a reduction in tax, which hasn't worked.

The "technicality" was that the Green tax was hidden within the unit prices and not added on as the 5% VAT is.

All my opinion, you don't have to agree - that's fine by me.

lstar337

It was a tax on the supplier, not on the bill.

If my company were to receive a tax reduction I wouldn't lower the price of my product. If VAT were lowered however, then my customers would benefit.

If the government really wanted to pass the cost saving on to the consumer they could have left the green levy in place and taken off the VAT.

Bluebirdman_of_Alcathays

All tax (except sales tax) is absorbed by the company and reflected in the price. They could have not reduced any tariffs had they chosen to. You don't pay x p/KWh plus employer NI plus corporation tax plus climate levy plus ................ plus vat. You pay x p/KWh plus VAT.

I quite agree that fixed is fixed - you choose to take that gamble. 90%+ of the time price has risen, however not always. If you buy currency months ahead knowing the pound is weakening and then it unexpectedly strengthens should you seek a refund? Or how about banging on the BoE's door if mortgage rates turn against you and you're stuck with fixed repayments?