How much electricity credit should I be in at this time of year

[Sherlocklovelyhomes]

I pay £370 a month and I am currently £2000 in credit. No central heating, just electric. Last few years we didn't put our heaters on at all. This year we are already switching on one electric heater and one plug in oil filled radiator. We use our water heater most days now. We have an electric shower. We run a dehumidifier 24/7. The house is not damp, we just have the dehumidifier to compensate for us not having heating on.

In previous years I have been 3 or 4 k in credit at times. This year with higher interest rates I feel I could have that money in an account rather than the electricity supplier making money off it.

I don't have a smart meter and I don't want one at this time (will get one next year). I am forced to keep a large sum in my current account because they vaty the monthly payments a lot, by hundreds often. And they say I have to keep this amount in credit in case I can't pay.

I would like to submit readings every month and pay for what I have used but this isn't a thing. I have asked for the credit to be returned but they have not yet agreed to this as I am meant to be in credit at this time of year. I have the money to pay for electricity but I want to keep it in my account not theirs. How much credit should I be in right now?

I wonder OP if something isn’t quite right. You’re paying a huge amount for a house that isn’t occupied for some of the year. You describe fairly frugal use and yet the bills are still high.

Have you checked to see if there is something draining electricity? An average house apparently uses 8kwh a day, what’s your typical usage?

OVO can't cope with certain electric only metering set ups. They don't tell you though, they just set you up on an unsuitable system, they were going to charge me two standing charges!

You might be best to return to the legacy provider who can handle whatever quirky systems were used in your area such as warmwise, heatwise, total comfort etc.

I am now with EON for this reason, they have now changed my meter to a straightforward E10 one and I have no issues. I pay £120 a month for a three bed all electric property and am in credit. I can amend my direct debit online myself and they notify me if they think it needs changing.

I do monthly meter readings and I’m £400 in credit after today’s reading and £250.00 DD. I waited in for a smart meter to be fitted all day the other month and they didn’t turn up so I’m not doing that again in a hurry.

I am expecting my monthly bill to be around £400 in December so that will bring me into £250 in credit with my DD on 1st January. 4 bed, 4 bathroom, 3 reception room house built in 2007 kitchen and diner is a very cold room bedrooms are all hot rooms.

£2000.00 is a lot for them to hold onto surely that’s not allowed.

I am with Sainsbury’s and when I have over £600 in credit I ring and get a £500 refund and it takes less than 5 days and never been refused.

Change supplier they are taking the mick.