? Standing order for energy

in Energy
7 replies 149 views
sharon64_2sharon64_2 Forumite
1 Post
Part of the Furniture Combo Breaker
Newbie
Hi is it possible to change from DD to Standing order same monthly amount. BG say they dont offer it? Do any Energy suppliers ? So I could switch I want more control.

Replies

  • pochasepochase Forumite
    3.3K Posts
    1,000 Posts First Anniversary Name Dropper
    Forumite
    Welcome to the forum.

    You can pay full amount on receipt of a bill, but not do a standing order with a fixed amount like a direct debit.

    Also you will pay 7% to 9% more if you don't pay by direct debit.
  • dunstonhdunstonh Forumite
    112.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Forumite
    Standing orders are a fixed amount and wouldn't fit with a variable bill.  Plus, there is less consumer protection on a standing order and more work for the suppliers.  So, any direct debit discount would be removed.

    Its a bit of an obsolete way of paying for things nowadays.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • AstriaAstria Forumite
    1.4K Posts
    1,000 Posts First Anniversary Name Dropper
    Forumite
    If you want more control the only real alternative is pay on receipt of bill, but as explained already, expect to pay more for your energy in doing so by upto 9%.
  • Gerry1Gerry1 Forumite
    8.4K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    If an organisation makes an error with a DD you can get your bank to make a full and immediate refund under the DD Guarantee.
  • MikeJXEMikeJXE Forumite
    1.7K Posts
    1,000 Posts Name Dropper
    Forumite
    OVO do standing order but I cannot recommend them 

    I know this because I was having a dispute with them  regarding my DD and they suggested SO

    Immediately cancelled DD and set up Standing order to immediately receive a text from OVO (as bank had contacted them regarding DD cancellation) for new rates roughly 9% higher

    Back to DD for me but next week I leave OVO 

  • Robin9Robin9 Forumite
    11.1K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Is Monthly Variable DD an option ?   
    Never pay on an estimated bill
  • AstriaAstria Forumite
    1.4K Posts
    1,000 Posts First Anniversary Name Dropper
    Forumite
    Robin9 said:
    Is Monthly Variable DD an option ?   
    I believe BG don't offer that option any more on their new billing system, for whatever reason.
Sign In or Register to comment.
Latest MSE News and Guides

Martin and MSE campaign win

April's 20% energy price guarantee hike postponed

MSE News

Childcare budget boost

More support for children from nine months and those on Universal Credit

MSE News

Energy Price Guarantee calculator

How much you'll likely pay from April

MSE Tools