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Home heating oil help. We cannot wait for the 'detail'. Can help come retrospectively? Need oil NOW
edited 21 September 2022 at 4:47PM in LPG, heating oil, solid & other fuels
38 replies 3.4K views
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How long ago were you made redundant? You may well be entitled to Jobseeker's Allowance which is not means-tested.
[If you wanted to claim means-tested benefits now, you could pay enough towards your mortgage now to bring your savings down to £16k - usually spending savings to ensure entitlement is classed as deprivation of capital, but for Universal Credit paying off debt is specifically not DoC.
But you should check potential entitlement first, putting your details into the calculator as if you had £16k or £15,999 savings, before making any decision. If you want to find out more about UC, this is a good website: https://www.understandinguniversalcredit.gov.uk/new-to-universal-credit/is-it-for-me/
And members over on the benefits board are good for answering any questions you might have.]
If you pay by Direct Debit
We'll send the money straight to your bank each month – like a refund – once your Direct Debit has gone through. If your monthly Direct Debit payment is lower than the monthly discount value, the remaining balance will be applied to your energy account.
If your Direct Debit is £100 a month, you’d pay that as normal. Then a few days later, £67 will be paid in to your bank account. If your Direct Debit is less than £67 a month, say £50 for example, £50 will be refunded to your bank account and the remaining £17 will be applied as credit to your energy account.
My heating and hot water is gas and I pay 23.94p per unit and 22.63p SC for electricity fixed until Nov 23. I am about £120 in credit as they doubled my direct debit up in May and then reduced it back to the original in July.
I agree compared to some it may not seem like a lot of credit but its going to take me a while to use it. Meanwhile I have to pay SVT for gas, so my gas will increase yr on yr by a significant amount but my funds will be tied up with BG. They may refund me as they said on the phone, they may not, you can never be sure if your getting the right information and it won't be the end of the world but I believe that the help was supposed to be for getting through the winter months.
I am paying about 30 per month to BG
They are asking if they buy their fuel now and then if oil is capped will they be able to claim the difference between what they have paid and any capped price if there is going to be one.
1) a fund that will help everyone
2) removal or reduction of VAT
3) a fund that helps those most in need.
My instinct is that it will be option 3 and the clue is in the title "discretionary". If someone has over £16k of savings there will be many others ahead in the queue for help.
I gambled two weeks ago to buy oil paying 86ppl, today in my area it's 10ppl cheaper, but it could have gone either way, but I wanted a peace of mind.
However, I'm also in the waiting-for-news-before-filling-my-tank camp as there is a chance that politics trumps logic (as is so often the case!). I'm sure I am not alone in this!