Increase in DD again

Scot_39

653/9199 = 0.07p - Thats around current iirc regional average svt of 7p.

Similarly reversing that = 1598 at regional SR ave 27p - suggest close to 6000 kWh.

Are you missing c£300+/- regional variation in standing charges from the sums - or c200 / 130 in one or both figures respecitvely

Also thats a very large electric bill for someone with gas - a lower than median gas - duel fuel cap median TDCV is half that - 2700 kWh electric but a higher 11500 kWh gas.

I suspect the march of big tcket items like EVs will lift that electric again though - Ofgem tables the true cap at 3100 kWh for instance

Which makes the high electric stand out - a big ticket item or 2 - EV or HW (showers etc) - could easily explain difference ?

born_again

Scot_39 said:

653/9199 = 0.07p - Thats around current iirc regional average svt of 7p.

Similarly reversing that = 1598 at regional SR ave 27p - suggest close to 6000 kWh.

Are you missing c£300+/- regional variation in standing charges from the suns of those two figures

Also thats a very large electric bill for someone with gas - a lower than median gas - duel fuel cap median TDCV is half that - 2700 kWh electric but a higher 11500 kWh gas.

I suspect the march of big tcket items like EVs will lift that electric again though - Ofgem tables the true cap at 3100 kWh for instance

Which makes the high electric stand out - a big ticket item or 2 - EV or HW (showers etc) - could easily explain difference ?

My figures are based on monthly balance showing on account & bills.
So takes into account S/C etc.

2 EV in house, running on IOgo which has average unit cost between 12 & 15p kWh on monthly bill.
EV usage is pretty consistent each month @ under £20

wrf12345

If you have credit on Octopus account I think they will let you set the DD downwards in your online account (have not tried as on variable direct debit) but agree the lack of logic with regards to taking into account the credit is rather annoying but seems somewhat universal amongst energy companies - to be fair, they have also been told by Ofgem not to let people get into debt so part of it is them erring on the side of caution.

Chrysalis

If you have the data, add up the consumption for your last 12 months, ask them for their calculated annual value if its not on any of your documentation, and if there is a difference of significance adjust DD as appropriate or the far simpler less complicated easier option, move to variable DD.

born_again

Chrysalis said:

If you have the data, add up the consumption for your last 12 months, ask them for their calculated annual value if its not on any of your documentation, and if there is a difference of significance adjust DD as appropriate or the far simpler less complicated easier option, move to variable DD.

I already have done.

Already explained twice that is not a option. 🤷‍♀️

MattMattMattUK

born_again said:

Chrysalis said:

If you have the data, add up the consumption for your last 12 months, ask them for their calculated annual value if its not on any of your documentation, and if there is a difference of significance adjust DD as appropriate or the far simpler less complicated easier option, move to variable DD.

I already have done.

Already explained twice that is not a option. 🤷‍♀️

Out of interest you said previously:
"Variable is no good to me. As it effects other income."
And
"I do not want to pay by any other way that monthly as stated in 1st post. As that can effect my monthly income."
How does paying a variable amount on Direct Debit impact your income? 

born_again

Fair question.
It just does. But not prepared to say exactly way, only excessive savings to allow winter payments will. 👍

Scot_39

Try to go online and drop your DD.

Some suppliers only allow around 10% without jumping through hoops with customer services.

Others like Octopus -  seem a lot less restrictive - at least for some.

A few people here have mentioned in the past figures in the £10 region - one IIRC - just a £1 - and then they just pay in the full or rest as their monthly statement issued - before the DD taken.

QrizB

MattMattMattUK said:

How does paying a variable amount on Direct Debit impact your income? 

I'm not fishing for info from the OP but it could be a means-tested benefits problem. Cash in the bank is capital, credit on an energy account isn't.

Ildhund

born_again said:
No annual usage for electric but gas shows as 9199 kWh subject to conversion, but does show amount. 

E £1598.00
G £653.53

It should be fairly simple to work out what annual consumption estimate they're working from given their predicted cost. At the date of the last bill, it's not likely that forthcoming changes in the price cap are taken into account. So:

• Take the current daily standing charge for electricity in £ including VAT and multiply it by 365;
• Subtract the result from the predicted annual cost;
• Divide the result by the current unit price for electricity in £ including VAT;
  The result is the predicted annual consumption in kWh.

When calculating the DD, there are several parameters to be taken into account. There may be different treatments for fixed-rate and variable tariffs, for example. There is an Ofgem expectation that the DD will be calculated to bring the account balance to zero over twelve months or over the remainder of the fixed-rate term. That may no longer be true; some suppliers are now basing their calculations on (1) keeping the balance positive, (2) reaching low-water at the end of winter (perhaps 31 March or 30 April), and (3) setting the low-water mark higher than zero, e.g. a month or two's predicted cost. It looks as if suppliers in general are no longer regarding the in-debt-in-winter-in-credit-in-summer cycle as normal or desirable, rather aiming for always-in-credit. My own (OVO) has recently (1 June) introduced a change intended to adjust DD amounts to reach a credit balance of one month's projected cost (calculated as 1/12 of the predicted annual cost) by 31 March 2026. 

In any case, the size of past bills or even expected future bills isn't relevant. All that counts is the expected consumption (in kWh) and current tariff rates. Once the expected annual cost figure has been determined, I would expect the figure to be adjusted by the amount of the current balance. The result is then divided by the number of DD payments available to pay the cost. If the end goal isn't zero, any positive balance required at term will be added to the expected annual cost figure before working out the monthly payment.