EDF - monthly bill half of what they suggested.

pochase

Gerry1 said:

I suspect that the confusion about paper bills may haven arisen because the OP has been put on the 'Pay On Receipt Of Bill' tariff, which EDF call 'Cash/Cheque'.  You get send a bill and then you have to pay it manually however you like, it doesn't happen automatically.

'Cash/Cheque' is considered a bad choice because it's the most expensive flavour of EDF's Deemed Tariff, aka the capped Standard Variable Tariff.

I had the same idea, but @Abella12 is complaining about a direct debit that is to high, so it cannot be cash/cheque

I cannot find any payment form that matches a paper bill monthly with fixed direct debit at EDF.

You have fixed direct debit with a bill every 6 months, the whole  (exact) amount direct with monthly billing and not really pushed the 3 monthly bill.

Abella12

Yes I think that was the confusion from my end. I will put some money in an emergency account, all covered then.... but happy to change my mind there just seems way too much uncertainty about Energy issues hence I'm not going to go into a blind panic and fix for a mo. Just seems that we will not use much for say 5 months if the £100 bill this month is anything to go by .......so based on the £2600 fixed EDF were suggesting we would need to pay over £300 a month so cannot see we will be worse off plus don't have the £300 exit fee to worry about should we want to come out of it .....maybe I change my mind but will sit tight for now.

pochase

Abella12 said:

Yes I think that was the confusion from my end. I will put some money in an emergency account, all covered then.... but happy to change my mind there just seems way too much uncertainty about Energy issues hence I'm not going to go into a blind panic and fix for a mo. Just seems that we will not use much for say 5 months if the £100 bill this month is anything to go by .......so based on the £2600 fixed EDF were suggesting we would need to pay over £300 a month so cannot see we will be worse off plus don't have the £300 exit fee to worry about should we want to come out of it .....maybe I change my mind but will sit tight for now.

Working with annual amounts does not really allow any comparison.

What are the rates they have offered you? Last time I checked EDF was very expensive for their 2 years fixed rate, but some suppliers are starting to offer at tariffs that are at least worth considering them.

Phones4Chris

@Abella12 I would stay on a SVT deemed tariff for now if I were you. The fixed tariffs are all expensive.

[Deleted User]

Hi,

chill, you say you have just moved house, bought or rented, if bought then interest rates have gone up today, unless you are on a mortgage fix, so could be another hit for you.

Abella12

No fixed mortgage 3 months ago for 3 years so all good.

Abella12

Hi pochase , personally can you tell me who you are with, be easier to decide the best way forward. I have all the standard elec / gas KW / SC rates so be good to know where I'm going right or  wrong 🤔 clarity important 👍

Abella12

Hi Gerry1, told by octopus they would not accept customers in our area so they are not relevant.....I guess it they are getting bombarded.  

Abella12

Sorry you assume I'm less privileged, no I'm not believe it or not ..... but not stupid  and am thinking of those who are not privileged. I'm perfectly aware you have the heating on more in the winter !?🙄🤔🥱 big sigh ....really !!!!

MattMattMattUK

Abella12 said:

Yes fair point about the paper billing and variable route Gerry1 , I just take the view that companies should not be taking more money than is necessary  from the less privileged who need that money now to live , eat etc which is quite important (!) Once I have had a few months of variable  bills it maybe I jump onto a fixed but either way the increases in DD's do not reflect the 54% increase in energy costs and seem considerably higher. Who knows , but let's see what these companies profits are next year , same ? if not better ? Thanks for the info.

They are not taking more than is necessary from the "less privileged", they are taking the rough estimate from those who they have a rough estimate for.

Their profits are likely to be higher, because in the current financial year they have been forced to take massive losses, they are likely to be significantly lower than the years that ended before March 2020, which is when the government forced them to sell at below cost.