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EDF asking me to increase direct debit
Hi, my energy supplier has said they estimate my bills will go up by £442 per annum from April and are recommending I increase my direct debit. My review is due in July so I'm not sure whether to increase now or wait to see what they say in July, I am in credit at the moment.
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When does your fix run out or are already on a variable tariff ?Never pay on an estimated bill. Always read and understand your bill0
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I'm already on variable tariff0
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If you're on the capped variable rate, your tariff will increase April 1st. So I would increase your DD. If you're on a fixed tariff, wait until it expires1
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If you’re in credit coming out of winter then likelihood is that you’ve been overpaying a little. Personally I’d sit tight for now with the DD where it is but start stashing an additional amount into savings so you’re used to the higher amount going out - it will also give you the start of a cushion against another increase in October.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0
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