We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Meaning of "Direct Debit customers will receive the money as a deduction to their monthly DD"
> "Direct Debit customers will receive the money automatically as a deduction to their monthly Direct Debit"
Suppose my Direct Debit is £100, and in October my energy company only takes £34 - minus £66 because of the government grant. Does this mean my Energy account will still put £100 into my energy account? I'm on an E.ON Next standard variable tariff, paying monthly by Direct Debit. The above pricing is for example only.
If it is true, then that is good.
If it is literally only a direct debit deduction, then I don't get how that helps as I'll still be paying for all my fuel usage anyway. Other companies are adding the money as an account credit or as a refund which makes sense.
Please can anyone confirm or clarify exactly how it will work?
Suppose my Direct Debit is £100, and in October my energy company only takes £34 - minus £66 because of the government grant. Does this mean my Energy account will still put £100 into my energy account? I'm on an E.ON Next standard variable tariff, paying monthly by Direct Debit. The above pricing is for example only.
If it is true, then that is good.
If it is literally only a direct debit deduction, then I don't get how that helps as I'll still be paying for all my fuel usage anyway. Other companies are adding the money as an account credit or as a refund which makes sense.
Please can anyone confirm or clarify exactly how it will work?
0
Comments
-
Oh, context is regarding the Energy Bills Support Scheme and how my energy company will provide the government grant0
-
The Government payment will go into your account, the amount you pay will be reduced, so in your example, yes, your account gets £100, but only £34 comes from you...
0 -
you are correct - DD reduced, but the full amount credited to energy account. In your own example above, DD £34, but £100 credited to energy account......Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple
0 -
Yes, it does.samp3134 said:
Suppose my Direct Debit is £100, and in October my energy company only takes £34 - minus £66 because of the government grant. Does this mean my Energy account will still put £100 into my energy account? I0 -
My account is now showing my new dd for the next 6 months.
I suspect the account will show something like:
1st October Government credit £66
5 October direct debit £x.xx0 -
Great! Thank you all for your confirmation0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards
