How can I opt out of the £200 energy scheme?

MWT

tomp2494 said:

I don't understand fully how this works. 
Do we have to pay the additional 54% and then in October there's £200 credit applied to the bill, or are the prices going to reflect the £200 we're going to get? 

If it remains unchanged, you, and everyone else with an electricity account, will get a £200 credit applied to your account, and then in subsequent years there will be an increase in the electricity standing charge to recover the total spent on this exercise which will be paid by everyone who then has an electricity account, regardless of if they had an account at the time the credit was issued.

Xbigman

Its fairly easy to opt out, just let the £200 credit sit in your energy account and run down over 5 years. If your account is £200 in credit then you actually owe nothing. 
If your energy company cuts your DD because you're in credit (and how many will do that anyway) you can just manually put the DD back up. 


Darren

Brewer21

QrizB said:

for people wanting to opt out, I've come up with some options (posted here).

I'm sure there are other ways too that haven't occurred to me yet.

Or die after October could be added to those suggestions but I guess they'll want someone to pay it back.😩😁


A joke of course but what does happen if you do?

molerat

SonOfPearl said:

There's a lot of overthinking going on! 

That just about sums up this thread.

Astria

Brewer21 said:

QrizB said:

for people wanting to opt out, I've come up with some options (posted here).

I'm sure there are other ways too that haven't occurred to me yet.

Or die after October could be added to those suggestions but I guess they'll want someone to pay it back.😩😁


A joke of course but what does happen if you do?

It's not a debt, its not on your credit file, as long as your energy account is in credit by the time you die that's the end of it.

MWT

Brewer21 said:

Or die after October could be added to those suggestions but I guess they'll want someone to pay it back.😩😁

A joke of course but what does happen if you do?

Nothing happens, there is no personal allocation of the 'debt' it is just a one-off credit to every energy account open at that point in time, recovered over the following years by way of an increase in the electricity standing charge paid by everyone who has an energy account at that time...

There is no connection between the two, so some will get the credit and never pay anything extra (no electricity account any more for whatever reason)

... and some will not get the credit (no energy account at the right moment in time) but will pay the increased standing charge because they have an energy account at that time...

Slinky

Brewer21 said:

QrizB said:

for people wanting to opt out, I've come up with some options (posted here).

I'm sure there are other ways too that haven't occurred to me yet.

Or die after October could be added to those suggestions but I guess they'll want someone to pay it back.😩😁


A joke of course but what does happen if you do?

The government will insist there's a whipround at your funeral to pay for enough fuel for your cremation.

Farway

Slinky said:

Brewer21 said:

QrizB said:

for people wanting to opt out, I've come up with some options (posted here).

I'm sure there are other ways too that haven't occurred to me yet.

Or die after October could be added to those suggestions but I guess they'll want someone to pay it back.😩😁


A joke of course but what does happen if you do?

The government will insist there's a whipround at your funeral to pay for enough fuel for your cremation.

Surely the Government will own your debt ridden body & use it for the Eco Soylent Green project?

emmajones1976

Slinky said:

Brewer21 said:

QrizB said:

for people wanting to opt out, I've come up with some options (posted here).

I'm sure there are other ways too that haven't occurred to me yet.

Or die after October could be added to those suggestions but I guess they'll want someone to pay it back.😩😁


A joke of course but what does happen if you do?

The government will insist there's a whipround at your funeral to pay for enough fuel for your cremation.

No they wont. Stop being silly.

QrizB

swaledale_one said:

GingerTim said:

You can't, it's a universal measure applied to every bill, not to an individual.

If that's the case what happens if you move out of a house your not paying gas or electric and then move into a new home in November? Will you be happy to then pay back £200 that you never received over 5 years?

It's a charge on the bill like all the other charges. You pay for the Warm Home discount, you pay for smart metering, you pay to reimburse customers of energy companies that have gone bust, you pay for people to get free solar panels and loft insulation.

If you move suppliers will they expect payment in full before leaving?

Suppliers always expect you to pay your bills. They can block you from switching it you owe them money.