How much credit do you have in your energy account?

[Gwdihooooo]

I just want to gauge whether mine is right as we seem to have a lot of credit!

We have £900cr and pay £180 a month. We’re using approx £200 of energy (gas/elec combined) each statement.

The Oct/Nov usage hasn’t appeared yet.

How much credit are you in? x

£934.07, but 25th Oct - 24th Nov usage is due tomorrow so should go down by £150 then. Then up by £67 on 1st Dec, leaving £860.

About £750, we are with British Gas who only bill every 6 months so the last 4 months haven't been applied to the bill yet, We pay about £185 DD but I expect that to go up in January when we get our bill and the amount is reviewed

£1900. November's bill was £250. I pay £200 (was paying £500). I really object to them sitting on my money. They massively overcharged me.

Mine was £395 but I just requested £250 back as I think that’s too high. I pay £120 a month and last month used £105. I heat the house most of the day as I work from home. I am on a fixed rate tariff though.

£280 credit.

Not having them sitting on loads of our money, if we keep it at least we get interest!

I’ve got the app now so monitor our usage daily. We are actually only on target for about £125 a month this month but 2 dses will be home from university next month and usage will go up. Our DD was £280, I’ve reduced it to £200. Will put it up again for January if our bill goes up as much as I think it will with our dses.

I never leave credit in my account it will be gaining interest for them and they are already in profit ? I normally withdraw any credit to my revolut vault account and leave it there to gain interest . If the bill is to high I will do a extra payment before DD date so I don’t go in debit

£0.00
I have a variable DD with Shell, still get the DD discount, but they can only take for what I actually use.

I was £200 in credit on my electricity bill but they refunded me £125 so still a bit in credit on that one. Gas is £750 in credit but I'm expecting expenditure to go up and credit down over the next few months!

£1700, although we haven't been charged for gas since August.

£59 credit, I cancelled my DD in Feb and take a meter reading and pay every month. Managing fine (for now!)

About £1000 but it’s with Ovo so we’re getting 3% interest on it. Our DD is around £200pm

£550 but using more gas this month so expect it to be less and less over winter.

Just checking that you realise that a fixed rate tariff means that your unit rate, not your direct debit amount, is fixed? I don't want you in for a shock when you've heated the house all day and your bill is through the roof.

£350 - with a DD of £180 a month. It’s making me a bit uncomfortable not to have built up more but we moved house in July and changed suppliers so we haven’t been able to benefit from the usual summer build up.

@Notanotherone6 thanks, yes I’m on a fixed rate tariff. I moved last year and fixed before it all went bonkers, fortunately for me. I pay around 4p for gas and 19p for electricity, plus standing charges around 23p each.

1. We pay variable direct debit (no discount on regular DD with Bulb; not sure what the set-up will have to be like when they actually transfer to Octopus). I live in a flatshare and administer the accounts, so I can't demand more from flatmates than the actual calculation. I hate the idea of running a credit/debit balance and in this case, it would directly disadvantage me, because it could only be my money stored by the energy company. I am agog at some of the credits in this thread.

£550 credit and payments reduced to £67 today. Using about £160 a month. (With heating on) I’m actually shocked tbh

Was 700 now down to 250, I want it this way though as I want to pay my bills as I get them. I refused to increase my DD to what they wanted.

For those saying they can't get a refund - this is wrong! They HAVE to pay you what you have, look at MSE and Ofgem.

£80 in credit. I would say this is lower than most though - we had issues with our hot water only coming on if our heating was on, so for ages we had the heating on just for the water.. only when costs started going up did we bother to get it fixed! Now wished we'd done it sooner.

A £165 monthly payment (fixed rate until November 2023) has just gone in and we are now £350 in credit which feels about right going into the colder months.

Dreading next year.

Next week when my dd goes in I’ll be in credit about £660 which is the equivalent of about 2.5 months worth of payments. I was advised by Eon to keep it there to help for next lot of price increases.

We are almost 500. I'm going to give it until Jan or Feb then reassess. We are paying £160 a month at the moment but haven't used anything like that.

I’m paying £260 a month and estimate this month will cost about £215 (first month putting heating on. Have about £200 I think built up.

Our minimum is based on last year when we’d only just moved in and had no idea how much things might cost - my bills were set at £100 pcm and we used about £300 so we were in debt quickly.

None. Why would the energy provider be holding my money😮?

Zero. It was a couple of hundred but we have switched to paying for use. No discount for direct debit, and we are disciplined enough to put by the DD equivalent and earn interest on it. We monitor usage every week so no surprises coming.