Negative energy bills

[Ric2013]

Just looked at the last two energy bills for my house and they both are for negative £9.xx. The government £400 scheme to come off bills is kicking in, but the discount applied to the bills leaves us in credit. I.e. the energy company owes us money rather than the reverse!

I'm not complaining, as it will be used up sooner or later, but it's a very funny situation to be in. Will probably change when the heating starts coming on for more than an hour every couple of days.

Anyone else had this?

 

[snowhead]

Yes.
I'm £294 in credit after this months combined bill which includes UK Gov £66.
I'm likely to be about the same in credit next month as although the gas usage will be up and the unit cost as well, my monthly payment will have doubled from this month, estimated by my supplier to be the amount needed.

The monthly payment is regularly reviewed so I'd expect it to fall the month after.

 

[Murdoch]

We’re over £500 in credit which suits me. It’s the start of the winter and the gas consumption rises very sharply this time of year, so I’m happy to stick with our £190 less £66 for the time being

 

[gmartine]

Much depends on the condtions of your tariff and your previous usage history doesn't it. Some energy Co's like you to have built up some credit before the winter season plus it's still Sod warm atm (SE) with projected temps around here expected to be in the high teens over the next few days.

I'm smart metered so payu every month but the sixty odd quid a month I'll get for six months via the Govnernment support scheme means I'm in a bit of credit.

 

[Last Plumber]

I was in credit by well over £400 and asked for it back. I don't trust them with it.

 

[Ric2013]

Much depends on the condtions of your tariff and your previous usage history doesn't it. Some energy Co's like you to have built up some credit before the winter season plus it's still Sod warm atm (SE) with projected temps around here expected to be in the high teens over the next few days.

True. Sounds like some of you lot have had the £400 applied immediately, whereas I seem to be having it applied at £66 a month. In my case, the firm debits at the end of the month what we have actually used, so building up a credit is by no means usual.

I was in credit by well over £400 and asked for it back. I don't trust them with it.

That was my thought. I'm with Green Energy UK and not sure if I'll stay with them or not after the fixed price expires, but I'm happy to be with them at present as it's very unlikely that GE UK will go bust - it's exempt from the price cap and is one of the most expensive. Were I with a more price-competitive firm and if I had £400 credit, I'd be concerned as well.

 

[Last Plumber]

True. Sounds like some of you lot have had the £400 applied immediately, whereas I seem to be having it applied at £66 a month. In my case, the firm debits at the end of the month what we have actually used, so building up a credit is by no means usual.

That was my thought. I'm with Green Energy UK and not sure if I'll stay with them or not after the fixed price expires, but I'm happy to be with them at present as it's very unlikely that GE UK will go bust - it's exempt from the price cap and is one of the most expensive. Were I with a more price-competitive firm and if I had £400 credit, I'd be concerned as well.

Mine is added as the £66. The rest was monthly payments accumulating. Not on a fixed tariff either.

 

[Ben-gee]

It’s normal to be in credit now at the start of the heating season ( well in a week or so…), that credit will get eaten up as Dec/Jan/Feb you use more gas than you pay for each month. In theory some people should go into debt over winter and come back into credit over summer - but that never seems to be me!!

 

[Last Plumber]

It’s normal to be in credit now at the start of the heating season ( well in a week or so…), that credit will get eaten up as Dec/Jan/Feb you use more gas than you pay for each month. In theory some people should go into debt over winter and come back into credit over summer - but that never seems to be me!!

I know and normally that would happen and I would leave it to its own devices. This year my energy company wanted me to pay more than double what I was paying. I explained on numerous occasions that there was no need and that they had way over estimated my predicted use. Regardless of the number of times I explained it to them, they just didn't seem to get my point.
Computer says no!

 

[Ben-gee]

I’m similar, one son moved out to a rented flat with his girlfriend, the other at University- so our usage will be less, but they don’t seem to be able to get their head around that (or prefer to get hold if my money early in any case!)