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Octopus Energy Variable Direct Debit
Comments
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Although monthly billing is normally the way it works, Octopus have always generated interim invoices from time to time in response to events like a submitted meter reading (when not on a smart meter) or events like a tariff change, or perhaps a delayed calorific value for gas consumption etc.When you are on a monthly fixed DD it has no impact as the amount is simply debited against your account balance.If you elect to have a variable DD then yes, you will be charged after the usual delay between issuing the bill and processing the DD.You should have contacted Octopus first, not the bank, this is why there is a delay between issuing the invoice and collecting the payment...0
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I recently went to the Ombudsman about something else, but Octopus/Coop agreed to bill me for usage at the start of every month (I pay on by monthly variable direct debit). I shall be very annoyed, and go straight back to the Ombudsman, if they try to take multiple amounts per month. That's why it's called a MONTHLY variable direct debit.edit to add: So ask Octopus for a deadlock letter and take your problem to the Ombudsman.0
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It is not, it is just called Variable Direct Debit. Having a tantrum and going running to the Ombudsman would be a pointless exercise and a waste of everyone's time and resources.squirrelpie said:I recently went to the Ombudsman about something else, but Octopus/Coop agreed to bill me for usage at the start of every month (I pay on by monthly variable direct debit). I shall be very annoyed, and go straight back to the Ombudsman, if they try to take multiple amounts per month. That's why it's called a MONTHLY variable direct debit.edit to add: So ask Octopus for a deadlock letter and take your problem to the Ombudsman.2 -
If a smart meter generates bills and a direct debit when it feels like it, this seems to be a good reason not to have a smart meter with a variable direct debit.
I plan ahead each month and ensure I have funds to meet outgoings. This approach by Octopus would create more work for me. Was considering smart meter but perhaps not now.0 -
You almost certainly have no choice, at some point in the next two years one will be installed whether you like it or not.littlemoney said:If a smart meter generates bills and a direct debit when it feels like it, this seems to be a good reason not to have a smart meter with a variable direct debit.
I plan ahead each month and ensure I have funds to meet outgoings. This approach by Octopus would create more work for me. Was considering smart meter but perhaps not now.0 -
I hadn't heard they are becoming mandatory. My existing meters are valid for more than 2 years.MattMattMattUK said:
You almost certainly have no choice, at some point in the next two years one will be installed whether you like it or not.littlemoney said:If a smart meter generates bills and a direct debit when it feels like it, this seems to be a good reason not to have a smart meter with a variable direct debit.
I plan ahead each month and ensure I have funds to meet outgoings. This approach by Octopus would create more work for me. Was considering smart meter but perhaps not now.0 -
littlemoney said:If a smart meter generates bills and a direct debit when it feels like it, this seems to be a good reason not to have a smart meter with a variable direct debit.Then I have good news for you, smart meters have not, nor will they ever, generate bills.You are safe to proceed with having one installed...Energy companies generate bills, regardless of the type of meter you have installed.
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MattMattMattUK said:
It is not, it is just called Variable Direct Debit. Having a tantrum and going running to the Ombudsman would be a pointless exercise and a waste of everyone's time and resources.squirrelpie said:I recently went to the Ombudsman about something else, but Octopus/Coop agreed to bill me for usage at the start of every month (I pay on by monthly variable direct debit). I shall be very annoyed, and go straight back to the Ombudsman, if they try to take multiple amounts per month. That's why it's called a MONTHLY variable direct debit.edit to add: So ask Octopus for a deadlock letter and take your problem to the Ombudsman.From Octopus' website:"If you have a smart meter, you’ll receive a statement every month. If you’d like to change the date you receive your statements, get in touch to let us know.""With a variable Direct Debit you don't pay a set amount each month. Instead, we'll take a payment for your full bill shortly after issuing each energy statement.""Direct Debit
Our preferred method, we recommend paying by Direct Debit for a few reasons:
You’re in control: you can change your payments, and what day they’re taken each month."
And no, they've never sent me an extra bill when the tariff changes. As I say, if they try to take more than one payment a month I will go back to the ombudsman.1 -
Thank you for evidencing my point, it is not called Monthly Variable Direct Debit. If you also read the terms and conditions it states there may be times when they vary billing periods (you can copy and paste to prove my point again if you wish).squirrelpie said:MattMattMattUK said:
It is not, it is just called Variable Direct Debit. Having a tantrum and going running to the Ombudsman would be a pointless exercise and a waste of everyone's time and resources.squirrelpie said:I recently went to the Ombudsman about something else, but Octopus/Coop agreed to bill me for usage at the start of every month (I pay on by monthly variable direct debit). I shall be very annoyed, and go straight back to the Ombudsman, if they try to take multiple amounts per month. That's why it's called a MONTHLY variable direct debit.edit to add: So ask Octopus for a deadlock letter and take your problem to the Ombudsman.From Octopus' website:"If you have a smart meter, you’ll receive a statement every month. If you’d like to change the date you receive your statements, get in touch to let us know.""With a variable Direct Debit you don't pay a set amount each month. Instead, we'll take a payment for your full bill shortly after issuing each energy statement.""Direct Debit
Our preferred method, we recommend paying by Direct Debit for a few reasons:
You’re in control: you can change your payments, and what day they’re taken each month."
And no, they've never sent me an extra bill when the tariff changes. As I say, if they try to take more than one payment a month I will go back to the ombudsman.
It would still be a pointless tantrum to take them to the Ombudsman, a waste of everyone's time.0 -
I don't think the OP has said yet whether they sent a meter reading in themselves because that messes things up. As does changing tariff or starting a new tariff or even simply continuing a tariff when one ends.1
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