£400 electricity credit to be paid in instalments - confirmed

jimexbox

I'm confident the payment will be £100 a month a few days after the October cap is announced. 

Sea_Shell

Mstty said:

Sea_Shell said:

Reading that again, if the "discount" isn't deducted from ones account balance, but physically refunded as cash, isn't that open to being spent on something else!!!   

Sounds like a recipe for disaster to me....unless I'm reading it wrong.

Hopefully, it all goes into the economy and perhaps it might even go into a UK residents company rather than this money leaving the countr

Whether it is spent on energy, food, fuel or a meal and drinks. A treat?

I believe these were cost of living payments so I'm not bothered what people spend it on.

So you don't think it may be a (wider) problem if people end up with £400 extra debt on their energy account than they would otherwise have had, if the money had not been directly refunded?

Dandytf

Sea_Shell said:

Reading that again, if the "discount" isn't deducted from ones account balance, but physically refunded as cash, isn't that open to being spent on something else!!!   

Sounds like a recipe for disaster to me....unless I'm reading it wrong.

Deleted as not required.

pochase

The £400 is intended to be used directly against the raising energy bills, which is why they are paid through the electricity accounts.

The other help like the £650, £150 for disabled and the £300 for many pensioners are cost of living help.

[Deleted User]

Where a single direct debit is taken to cover both gas and electricity, rather than a separate direct debit for gas and one for electricity (same supplier,) is the £66 taken off the whole direct debit amount or only ftom the proportion of electricity use?

My one monthly direct  debit  covers gas and electricity but I can see the gas and electricity  usage on the bill.

I hope the way I have worded this makes sense.
 
Thank you.

Dandytf

pochase said:

The £400 is intended to be used directly against the raising energy bills, which is why they are paid through the electricity accounts.

The other help like the £650, £150 for disabled and the £300 for many pensioners are cost of living help.

Precisely, I'm going to delete my previous reply.
Customers paying by direct debit, either monthly or quarterly, will see an automatic deduction off those bills.
i.e. not direct into bank account.

thanks

Mstty

Sea_Shell said:

Mstty said:

Sea_Shell said:

Reading that again, if the "discount" isn't deducted from ones account balance, but physically refunded as cash, isn't that open to being spent on something else!!!   

Sounds like a recipe for disaster to me....unless I'm reading it wrong.

Hopefully, it all goes into the economy and perhaps it might even go into a UK residents company rather than this money leaving the countr

Whether it is spent on energy, food, fuel or a meal and drinks. A treat?

I believe these were cost of living payments so I'm not bothered what people spend it on.

So you don't think it may be a (wider) problem if people end up with £400 extra debt on their energy account than they would otherwise have had, if the money had not been directly refunded?

This is the great social dilemma there are people that are sensible with money and those that are not.

What you can't do is prescribe what they spend their cost of living payments on. All the money that has already gone straight to people I'm sure this time of year that's for family and kids days out and euros.

It is obvious the government would like this £400 to come off energy bills which is why it goes direct to electricity accounts but some will see this as free cash for Christmas and to be honest you can't help them and you won't get through to them.

As long as it goes back into the economy and not under a mattress that's the best you can hope for.

We see it here all the time on the forum, the surprise at prices and the cap is an all you can eat buffet posts.

We are in a recession in all it name, being in debt will be normalised and most people won't know the true cost of energy til this winter and into Spring.

Robin9

Deleted_User said:

'''''''''''''''''''''''''is the £66 taken off the whole direct debit amount or only ftom the proportion of electricity use?....................

Its not being taken OFF the DD   bit is a credit to the account. Your DD is unchanged (unless you choose to change 0

TheLabFather

As a park home resident we each have a meter and billed by the owner of the site monthly, but the main supply is a business account. We make the cheques payable to N Power. So how do we get the credit??? 

pochase

Robin9 said:

Deleted_User said:

'''''''''''''''''''''''''is the £66 taken off the whole direct debit amount or only ftom the proportion of electricity use?....................

Its not being taken OFF the DD   bit is a credit to the account. Your DD is unchanged (unless you choose to change 0

That is not how the press today explains it < they are saying the credit will reduce your direct debit.

Those who pay by direct debit will receive an automatic deduction off their bills, while those with so-called “smart” pre-payment meters will see an automatic monthly top-up added to their account.