MSE Poll: How do you pay for your energy bills?

in MoneySaving polls
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MSE_Emily_WMSE_Emily_W MSE Staff
5 Posts
First Post
MSE Staff
Poll started 20 September 2022

The hideous 80% increase in the energy price cap has, thankfully, been cancelled, and replaced by a new two-year energy price guarantee that'll take the typical bill to £2,500 a year. But everyone will still get £400 off their bills from October – though how this will work depends on how you pay for your gas and electricity. With so much happening with energy at the moment, we want you to tell us how you pay for your bills, as this'll help us with the campaigning work we're doing.

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Replies

  • born_againborn_again Forumite
    8.5K Posts
    1,000 Posts Third Anniversary Name Dropper
    Forumite
    Might have helped to have:

    DD monthly estimated readings or DD monthly accurate meter readings. etc

    As I know, while paying a fixed monthly DD I get a bill for my actual usage (read myself), so know the credit balance is spot on. Where as many will be the same payment but purely on estimated readings. So they may get a shock later when a actual reading is made & that perceived credit is actually a debit.
    Life in the slow lane
  • SpiesSpies Forumite
    1.5K Posts
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    I'm on a variable direct debit, so only the balance is taken via DD - which option should I choose as I assume direct debit monthly option, assumes its a fixed amount?
  • MovingForwardsMovingForwards Forumite
    15.4K Posts
    10,000 Posts Fourth Anniversary Name Dropper Photogenic
    Forumite
    Take my readings each month, submit them and pay the bill straightaway.
  • JustdontwasteitJustdontwasteit Forumite
    12 Posts
    10 Posts Second Anniversary
    Forumite
    Also on monthly variable DD, based on my actual meter readings. Not really the same as a monthly amount set by supplier, usually to try to get you into credit, to their advantage.
  • PmattPmatt Forumite
    25 Posts
    Tenth Anniversary 10 Posts Combo Breaker
    Forumite
    I use variable direct debit for my electricity bill and I submit meter readings every month so that the payment made is for the electricity I have used. 
    I should like to have a similar arrangement for my central heating, but as gas is not available I have to buy heating oil in advance of use this has more than doubled in the past few months. I’m still waiting to find out if I will receive any energy price guarantee payment for the oil I have had to buy recently that will last until about the end of this year and will I receive anything for my next oil purchase.
  • newlywednewlywed Forumite
    8.1K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    Confused by the options… prepayment top up and payment card

    prepayment smart meter or prepayment via pay point shop?
    working on clearing the clutter
  • FlydriveFlydrive Forumite
    17 Posts
    Tenth Anniversary 10 Posts Combo Breaker
    Forumite
    What about those who have to pay out large sums,in advance, for oil? No mention of that, and oil has gone up by 200-300%!
  • DavePumpkinDavePumpkin Forumite
    1 Post
    First Post
    Newbie

    Prepayment Meters - I have some experiences some might find interesting.

    I bought an old bungalow in Feb that had prepayment Gas and Elec (NOT smart-) meters, with top-up card/key left for me that I continued using.  (a) I followed MSE advice and topped up as much as possible before April22. (b) Rates on the Gas meter still went up 'automatically' in April (I've heard, reprogrammed by an earlier card top-up), but Electric meter did not!  (c) I still have a lot of credit on the electric key (£250 = max), and can't use it until meter itself (also max £250 - go figure!) gets down to zero.  Then when I use that old key, I believe it will still keep/use the old rate, as the key will only reprogram the meter with new rate after it gets reprogrammed itself when topped up at the Post Office.  (d) My neighbour kept telling me Prepayment Meters are more expensive to run than usual monthly/quarterly/direct-debit bills payments and I should get rid of them.  I thought the same, BUT - unless I'm missing something here - I'm actually better off - the prepayment rates are >LESS< than the normal bill rates (looking at British Gas, E.On, Octupus quoted rates)! Even after the increases since April.  Go figure!  So I'm sticking with Prepayment!  (e) If you have a choice, I suggest do NOT change to a Smart Meter!!  The companies can easily change their rates remotely without you knowing or realizing (not to mention horror stories I've heard of incorrect charging using them!)
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