If I go into debit, should I top up straight away or wait until spring for it to balance out?

RogerBareford

MWT said:

RogerBareford said:

Personally i always prefer to have a negative balance as much as possible because it's far better to have the money in my account than in theirs... especially when a supplier fails!

If your supplier will let you do that, and you do keep the money aside for when it is needed then good luck

Most of them do have T&Cs that will legitimately require you not to do that though if you want to avoid having your tariff increased.

Yes it can be difficult with some suppliers on a fixed tariff to keep the balance low, but the lower the better in my opinion.

Currently i've had to go onto a Ofgem capped tariff due to a house move but i'm paying the monthly bill amount based on actual readings and it's the same price as paying a DD of the same amount each month.

Gerry1

Probably not a good idea to keep more in the account than is necessary.  If the company goes bust you'll get the credit returned eventually, but it may take many months during which you'll have to pay a lot more to the SoLR.

It also means you may lose the 12-month Back Billing protection if there's an unexpected catch up bill.