Electricity Key Pre-Payment

SusieSiouX123

Hi, 
Brand new to forum, so I am sorry if this may have already been asked.
With regard to the huge price rises due for Electricity etc. If I were to top up my Electric Pre pay Key by the maximum before the price rise, would I be buying units at the lesser rate and therefore saving until the next time I topped up?
Thank you in advance of a reply. 

Fred2712

Not 100% sure tbh, however I do know with the basic key pp meter when someone changes tariff you are advised to top up 2-3 times before the new tariff kicks in.

Curiousgirl1

SusieSiouX123 said:

Hi, 
Brand new to forum, so I am sorry if this may have already been asked.
With regard to the huge price rises due for Electricity etc. If I were to top up my Electric Pre pay Key by the maximum before the price rise, would I be buying units at the lesser rate and therefore saving until the next time I topped up?
Thank you in advance of a reply. 

If it’s an old style prepayment meter possibly, as like @Fred2712 said, you need to top up your key a few times for anything to update on the meter. If you have a PAYG smart meter then no 

SusieSiouX123

Curiousgirl1 said:

SusieSiouX123 said:

Hi, 
Brand new to forum, so I am sorry if this may have already been asked.
With regard to the huge price rises due for Electricity etc. If I were to top up my Electric Pre pay Key by the maximum before the price rise, would I be buying units at the lesser rate and therefore saving until the next time I topped up?
Thank you in advance of a reply. 

If it’s an old style prepayment meter possibly, as like @Fred2712 said, you need to top up your key a few times for anything to update on the meter. If you have a PAYG smart meter then no 

Yes it is an old style EDF prepayment key and we do not have a PAYG smart meter.
So we were wondering if between now & April we put as much money on the key as we could (Max being £249.00)  it would be at the pre price rise rate so when the electricity is actually being used after April we would in effect save money ! (hope that makes sense!)
Thank you

Fred2712

I thought the maximum amount of credit you could put on a key was £50 not £249 ??
When someone’s gets the Warm Home Discount the supplier sends vouchers out as £50, £50 + £40 for this reason or so I thought, so you want to check first.

SusieSiouX123

Fred2712 said:

I thought the maximum amount of credit you could put on a key was £50 not £249 ??
When someone’s gets the Warm Home Discount the supplier sends vouchers out as £50, £50 + £40 for this reason or so I thought, so you want to check first.

As per EDF website "You can add up to £49 to your key or card every time you top up. Your electricity meter holds up to £249"

t0rt0ise

This is an old page but still relevant. I am guessing that all companies are the same. It seems to be saying that the new price will only take effect when you top up after the price rise. So if you don't touch the meter until all the credit is used, you should be using it at the old rate. As I say that's what it seems to be saying but my interpretation may be wrong.

See the last question on this page.
https://www.mygreenstarenergy.com/Help-and-Support/FAQs/Prepayment-Meters/PPM-Price-Change-FAQs