Octopus keep Increasing direct debit (usage dropped)

Dempseyh
Dempseyh Posts: 32 Forumite
Part of the Furniture 10 Posts Combo Breaker
Hi, my DD used to be around £450 a month for gas and electricity, around 8 months ago I started staying at my partners half of the week and my usage dropped to around £200, I kept paying the £450 to get into credit but once I reached £1000 credit I changed my direct debit online to £200 (lowest it would let me)
 I'm basically living with my partner now and my combined usage is around ,£110 a month but octopus have just put my direct debit up to £250.

 Does anyone know how the system works on calculating what it thinks I should pay and do they periodically send cheques for accounts in so much credit? 
My credit is now over £1500

Comments

  • la531983
    la531983 Posts: 2,750 Forumite
    1,000 Posts First Anniversary Name Dropper
    Octopus won't know your circumstances have changed and are rightly predicting your future usage based on historical patterns. Ring them and have a chat with them
  • Dempseyh said:
    Hi, my DD used to be around £450 a month for gas and electricity, around 8 months ago I started staying at my partners half of the week and my usage dropped to around £200, I kept paying the £450 to get into credit but once I reached £1000 credit I changed my direct debit online to £200 (lowest it would let me)
     I'm basically living with my partner now and my combined usage is around ,£110 a month but octopus have just put my direct debit up to £250.

     Does anyone know how the system works on calculating what it thinks I should pay and do they periodically send cheques for accounts in so much credit? 
    My credit is now over £1500
    Best thing if you don't want the credit built up in your account back immediately us to ask them to go onto variable whole bill monthly direct debit and they will just take the monthly amount out of your credit until it's gone.

    Or contact them and get some of your built up credit back.

    Twitter (X) seems to be one of the fastest ways these days but I also here they answer the phone as well....shock lol
  • QrizB
    QrizB Posts: 16,497 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Two things:
    1. Octopus are usually good at refunding excess credit. For good reasons my DD is set too high and I request a refund from them every quarter.
    2. Octopus allow most customers to adjust their own DD payment via their account page. You can probably change yours there. One of our former regular posters has solar and would set their DD to £1 a month during the summer.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Dempseyh
    Dempseyh Posts: 32 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thanks guys I'll contact them on Twitter. I asked on here as I was on hold ages when I tried calling and gave up
  • markin
    markin Posts: 3,860 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Check if the website limit is now lower.
  • EssexHebridean
    EssexHebridean Posts: 24,202 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I can adjust my DD through the app. Currently set a way below their recommendation, but taking account of credit plus new house being an unknown quantity! 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.8K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.7K Work, Benefits & Business
  • 619.5K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.