Scottish power reassessing quote increase

Ohfiddles

Currently paying £130 a month electric to Scottish power until end of June 2022. When I click on new tariff it's offering me some good deals £127.44 for 2 year fix . BUT when I click on find out more , it says reassessing your quote based on your account balance ,  then says your quote has increased by £113.15 a month . My account is £363 in credit so I just don't get it ?? This happening to anyone else ??

MWT

Ohfiddles said:

Currently paying £130 a month electric to Scottish power until end of June 2022. When I click on new tariff it's offering me some good deals £127.44 for 2 year fix . BUT when I click on find out more , it says reassessing your quote based on your account balance ,  then says your quote has increased by £113.15 a month . My account is £363 in credit so I just don't get it ?? This happening to anyone else ??

The £127.44 is not the fix, nor is it a 'deal', take a look at the kWh and standing charges and use your own actual annual use to figure out what it is going to cost you...

[Deleted User]

Ohfiddles said:

Currently paying £130 a month electric to Scottish power until end of June 2022. When I click on new tariff it's offering me some good deals £127.44 for 2 year fix . BUT when I click on find out more , it says reassessing your quote based on your account balance ,  then says your quote has increased by £113.15 a month . My account is £363 in credit so I just don't get it ?? This happening to anyone else ??

Your credit/debit balance is also meaningless unless it is based on an actual meter reading - and even then it is only valid for the day that the meter reading was taken. On each day that follows the meter reading you will accrue a daily standing charge and you may use more energy.

As suggested above, the important things here are the tariff that has been offered and your annual usage in kWh/year. You can use this information to work out an annual cost going forward. If, for example, your annual cost came out at £1200 per year and you actually do have a credit balance of £360 then it would reasonable for you to have a discussion with the supplier basing on the following: monthly cost on new tariff = £1200/12 or £100/month LESS credit balance of £360/12 or £30/month. New DD amount to be set up at £70/month.