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£400 discount from October: reduction of invoice or refund by direct debit?

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sebtomato
sebtomato Posts: 1,119 Forumite
Part of the Furniture 500 Posts Name Dropper Combo Breaker
Hi,

My current electricity bill is only about £55 a month currently, so with £66 discount coming from October, does that mean my balance will go positive, or I will get paid £66 to my bank account?


Comments

  • mmmmikey
    mmmmikey Posts: 2,318 Forumite
    Part of the Furniture 1,000 Posts Homepage Hero Name Dropper
    Hi - depends on yor supplier I think, and whether you pay yhe full amount monthly r a fixed dd
  • sebtomato
    sebtomato Posts: 1,119 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    mmmmikey said:
    Hi - depends on yor supplier I think, and whether you pay yhe full amount monthly r a fixed dd
    I am with EDF, and paying by direct debit. 
  • EDF have published how they are doing it here:
    https://www.edfenergy.com/for-home/energy-bills-support-scheme

    For the monthly direct debit payments, they say "An automatic refund each month to the bank account your Direct Debit payments are taken from"
  • Robgmun
    Robgmun Posts: 139 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    rjmachin said:
    EDF have published how they are doing it here:
    https://www.edfenergy.com/for-home/energy-bills-support-scheme

    For the monthly direct debit payments, they say "An automatic refund each month to the bank account your Direct Debit payments are taken from"
    Huh, ok, I would have actually preferred to have it added to my EDF account in credit.
  • Robgmun said:
    rjmachin said:
    EDF have published how they are doing it here:
    https://www.edfenergy.com/for-home/energy-bills-support-scheme

    For the monthly direct debit payments, they say "An automatic refund each month to the bank account your Direct Debit payments are taken from"
    Huh, ok, I would have actually preferred to have it added to my EDF account in credit.
    BG are doing similar - I’ve setup a standing order to send it back into the account 🤣
  • wild666
    wild666 Posts: 2,181 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you can pay the £66 as an additional payment do that then you will have some credit to call on when the prices jump in years to come that is unless the October increase goes ahead but the cap limits bills to £2500.
    Someone please tell me what money is
  • Astria
    Astria Posts: 1,448 Forumite
    1,000 Posts Second Anniversary Name Dropper
    wild666 said:
    If you can pay the £66 as an additional payment do that then you will have some credit to call on when the prices jump in years to come that is unless the October increase goes ahead but the cap limits bills to £2500.
    How can the October increase go ahead but the cap still limit bills?
  • MWT
    MWT Posts: 10,210 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    wild666 said:
    ... but the cap limits bills to £2500.
    The cap is a price limit, not a bill limit, too many people already get that bit wrong so best not to use the words that way even if it wasn't exactly what you meant.

  • E.ON/Sainsbury's Energy have said:

    The government has announced (29 July) more information around how you will receive the Energy Bills Support Scheme payment. Importantly, you don't need to apply for the scheme, all households will start to receive £400 off their energy bills from October 2022.

    You'll see a discount of £66 applied to your energy bills in October and November, and £67 a month from December to March 2023.

    • Fixed Direct Debit customers will receive the money automatically as a deduction to their monthly Direct Debit.

    • Pay on receipt of bill customers and regular cash payment customers will see the money automatically applied as a credit to their energy accounts in the first week of each month. This will show as a credit in the payments section of their monthly bill.

    • Smart prepayment customers will see the money credited directly to their meters as a top up in the first week of each month.

    • Traditional prepayment customers will be provided with vouchers in the first week of each month. These will only be redeemable at the Post Office, not at all top-up locations.

    https://www.eonnext.com/energy-bill-support-scheme
  • Heard nothing from Shell yet 
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