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Do I pay it back?
Hi,
I am an OAP I use very little electricity and I am in credit I have just received a credit payment on my electricity bill from the government which I understand will be paid regally for a few months.
My question is if I do not use all the allowance by April, will I have to pay back what I have not used?
Please keep it simple for a simple mind!
Thanks, Barry.
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Comments
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No, the money is yours.
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.1 -
The Energy Bills Support Scheme provides a £400 non-repayable discount to eligible households to help with their energy bills over winter 2022 to 2023.These credit payments are to help with your energy bills, so gas, coal, oil or whatever if you don't use electricity for heating. If you build up a large credit balance on your electricity bill you should ask your supplier to refunded it to you. You could then use the money to pay for another fuel you use, although you don't have to do that.Reed1
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or leave it to cushon the shock for the significant increase in cost i think were all expecting once the cap goes in april.Reed_Richards said:
If you build up a large credit balance on your electricity bill you should ask your supplier to refunded it to you.Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott
It's amazing how those with a can-do attitude and willingness to 'pitch in and work' get all the luck, isn't it?
Please consider buying some pet food and giving it to your local food bank collection or animal charity. Animals aren't to blame for the cost of living crisis.0
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