MSE News: Prepay for your energy? You could keep today's cheaper rates for a little longer

t0rt0ise

It was talked sbout on Moneybox on Radio 4. They spoke to the energy companies who said it was fine.

Jerry_Cornelius

QrizB said:

Jerry_Cornelius said:

Hope someone from MSE can confirm the idea of topping up your old prepayment meter before 1st April to offset against the new rates for a while is a valid one.

This is a "MSE News" thread, posted by a member of MSE staff and relates to a MSE news item on the MSE website. I don't know what more confirmation from MSE you could ask for?

Yeah, i realise that now, i didnt even spot the link in the first post, kinda just missed it and read the other posts.

EssexHebridean

Rockersandrew said:

So it would seem we have a range of outcomes depending on a range of scenarios.

I suspect there is something in the small print that say we have to submit accurate readings anyway as part of the contract.

Yep - look at it like this.
- If you go into a supermarket, stick a tin of Heinz beans in your pocket, and walk out without paying, that's stealing. You may be prosecuted. 
- If you go into a supermarket, stick a tin of Heinz beans in your pocket, and walk out leaving just the money for a tin of value beans on the till as you pass, that's still stealing. You may be prosecuted. 
If you go into a supermarket, stick a tin of value beans in your pocket, and walk out leaving the money for a tin of Heinz beans on the till as you pass, that's stupidity. You lose out financially.
- If you go into a supermarket, stick a tin of Heinz beans in your pocket, and walk out to the checkout and pay for your tin of Heinz beans, that's being honest. You're a decent human.

A range of outcomes depending on the scenario, simplified.   

puppypower118

Hi everyone Im on an old prepay metre and im shocked today to recieve a letter to state that the daily SERVICE change we pay every day id going up from 30p a day to 53P a day and that is before i use any electricity I dont know how im going to cope i can understand the hike for the electricity but how can they justify putting up the service change Oh its with E.On btw.  can anyone shed any light on this please

QrizB

puppypower118 said:

....  can anyone shed any light on this please

MSE have spoken:
https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-is-the-standing-charge-for-electricity-nearly-doubling-from-1-april

GingerTim

QrizB said:

puppypower118 said:

....  can anyone shed any light on this please

MSE have spoken:
https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-is-the-standing-charge-for-electricity-nearly-doubling-from-1-april

Hallelujah!

EssexHebridean

QrizB said:

puppypower118 said:

....  can anyone shed any light on this please

MSE have spoken:
https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-is-the-standing-charge-for-electricity-nearly-doubling-from-1-april

Well thank goodness for that! 

RachelMarie123

I read a really helpful post that for those on prepayment meters (that are not smart) funds could be held on the key as the meter can only hold £249. Does anyone know if the credit on the keys expires at some point? I am with British Gas.

elucidate

I'm with So Energy for gas and BG for elec.
So Energy don't support pre-pay meters. 

Is there any chance I could switch from a dumb credit meter, to a dumb prepayment meter? And have it done before the price increase? Or do the companies only offer smart meters now? 

MWT

elucidate said:

Is there any chance I could switch from a dumb credit meter, to a dumb prepayment meter? And have it done before the price increase? Or do the companies only offer smart meters now? 

Smart only these days, and a bit late to get it done before April 1st anyway...