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Refund of credit

nemesisfollower
Posts: 1 Newbie
Has anyone had a full refund of credit from British gas and how did you manage it
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Comments
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You've posted in the "other fuels" forum. The moderators will move your post once they spot it.Yes, I've had a full credit refund from BG in the past. I switched to a different supplier.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. 34 MWh 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!1 -
nemesisfollower said:Has anyone had a full refund of credit from British gas and how did you manage itAt this time of year - unless your leaving them - it is unlikely you would receive a full 100% refund.Some firms now target 1 month / 5 weeks balance at the end of Mar (Ovo / Octopus), and so would probably now expect 2-3 months in credit by now as we are in autumn and heating season approaches.1
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The nature of the fixed direct debit payment method has progressively changed and they are now effectively a form of pre-payment account. You pay for your energy in advance by making a fixed monthly payment but with a small amount of leeway in case you go "overdrawn". On the flip side, you do get a lower rate for paying this way. So in answer to your question you are unlikely to get a full refund unless you switch to another supplier or payment method - or find a way to break the system. What you can often do is negotiate or request a lower monthly payment if you are building up an excessive amount of credit.1
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