Prepayment metres are great!!!

[Deleted User]

heinov said:and it’s only gas I’m talking about, I don’t pay for electricity. 🤷‍♂️

Hi,

so you wont get the £400 energy grant then.

Ultrasonic

frugalmacdugal said:

heinov said:and it’s only gas I’m talking about, I don’t pay for electricity. 🤷‍♂️

Hi,

so you wont get the £400 energy grant then.

Good point!

SAC2334

heinov said:

That can’t be. If you buy at a price you can’t later be told you used gas below the current rate. It could’ve gone down as well, what then?
The only risk is company reps coming around and changing the tariffs on the metre. But they can’t do that with mine, it’s inside the house, not a chance.

Your meter is updated electronically with any details the supplier needs to do when you top up the meter at a pay point and backdated to Oct 1 st even if its 4 months later .Every old prepay meter which needed a personal visit to change the rates changed many years ago 


 I can almost guarantee that every supplier will not allow people to stock up  at the old April price cap rates to beat the huge rate rise coming on October 1 . 

Those suppliers who fell for that trick will be ready this time as the losses are much greater .

wild666

The energy company can send out an update at any time with smart meters and I suspect with many modern non smart prepayment meters so the SC and unit rates can change on the day of any increase. I've not got prepayment but my SC changed on my smart meter by mid October.

itsjustafad

I have been responsible for our electricity and gas since we bought our house and have just become debt free (made final payment today). I found having a prepayment meter helpful in rationing how much we use from day to day, week to week etc allowing me to not put washing on or limit childrens’ computer use to stretch meter credit til payday or when I could get to the shop to top up. This has been ongoing since before smart meters were a thing and the smart display things don’t seem to work particularly well (according to many people on here who have them). Also, about the grant - prepayment meter customers WILL get the £400 in vouchers or via text. Don’t bother piling on, try thinking outside the box sometimes. Not everyone can get the lowest fix, does that mean they’re not worthy of exploring other ways to sort out their finances?

MWT

itsjustafad said:

Also, about the grant - prepayment meter customers WILL get the £400 in vouchers or via text.

There is a concern though that actually using the vouchers during their validity period may be difficult if the meter and the key are already fully loaded to capacity by pre-payments made before the prices increase.

Nobody is suggesting that those on pre-pay key meters will not get the vouchers, it is sorting out how they will be able to use them with no space on their key or meter that is the concern...

itsjustafad

Ultrasonic said:

frugalmacdugal said:

heinov said:and it’s only gas I’m talking about, I don’t pay for electricity. 🤷‍♂️

Hi,

so you wont get the £400 energy grant then.

Good point!

Someone was suggesting it - the gov seem to just announce things and then let people worry for months over the details. We'll see what happens, but there is no perfect solution that will suit everyone.