EDF asking me to increase direct debit

Daisy2018 · 14 March 2022 at 8:24PM

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.

Robin9 · 14 March 2022 at 8:27PM

When does your fix run out or are already on a variable tariff ?

Daisy2018 · 14 March 2022 at 8:28PM

I'm already on variable tariff

jimexbox · 14 March 2022 at 8:30PM

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 expires

EssexHebridean · 14 March 2022 at 9:44PM

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.