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Topping up - at what point does the rate change?

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humph42
humph42 Posts: 7 Forumite
Part of the Furniture Combo Breaker
Hello all,
I have a non-smart meter with Bulb, and in an effort to beat the price raise I had topped up the key as much as I could (£250), but as we already had £20 credit on the meter, the money did not go on the meter itself (rather, it is still on the key).

I was wondering whether the old price is set at the time of purchase (so the credit on the key would be at the old rate), or whether the credit would need to be put onto the meter in time to get the old rate? If that were the case, I would try and get a partial refund on the key in order to get the meter topped up.

Apologies if this is covered elsewhere - I have not managed to find information about this specifically. I do also realise that there is a chance this may not work (with the electric company clawback), but it feels like it's worth a go!

Thanks!
Alex

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  • QrizB
    QrizB Posts: 18,057 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    The key carries the price data, so once your meter runs down enough (less than £5) to accept the payment it will be used at the prices that are loaded onto the key.
    What no-one can't tell you is what prices the key has on it. You'll find out in due course.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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