📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Refund of credit

nemesisfollower
nemesisfollower Posts: 1 Newbie
edited 4 September at 4:14PM in Energy
Has anyone had a full  refund of credit from  British  gas and how did you manage it 

Comments

  • QrizB
    QrizB Posts: 18,817 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    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!
  • Scot_39
    Scot_39 Posts: 3,703 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Has anyone had a full  refund of credit from  British  gas and how did you manage it 

    At 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.


  • mmmmikey
    mmmmikey Posts: 2,389 Forumite
    Part of the Furniture 1,000 Posts Homepage Hero Name Dropper
    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.
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
  • 351.6K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.5K Work, Benefits & Business
  • 599.8K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only 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.