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  1. Bozza

    [Finance] Paying energy bills by direct debit - scam?

    Oh, also because we have a smart meter, we've been able to take part in the "Turn Down and Save" hours - we've done two recently, one from 5-6pm and another from 5:30-6:30pm. By shifting our cooking a bit later in the evening we've saved about a fiver. Loop say there are at least seven more of...
  2. Bozza

    [Finance] Paying energy bills by direct debit - scam?

    Smart meters seems to be one of those things that a certain section of the population get all funny about. It's Big Brother keeping an eye on us and controlling us at will. Or something. Like you, we've had one for years although never paid any attention to it until prices rocketed and, also...
  3. Bozza

    [Finance] Paying energy bills by direct debit - scam?

    It would be marginally more cost-effective to pay what you owe when billed, as you retain cash in your bank account accruing interest, rather than giving the energy supplier some cash to earn some margin on themselves. It will be very marginal though - interest is going to pennies over a year...
  4. Bozza

    [Finance] Paying energy bills by direct debit - scam?

    I'm prepared to cut the energy companies some extra slack right now, given how much change there is with prices and how many of us are reacting to those prices by trying to reduce consumption. Throw in a very mild November and this current cold snap and predictions based on prior usage - a...
  5. Bozza

    [Finance] Paying energy bills by direct debit - scam?

    Exactly. I manage my mum's energy account - which is with Ovo. In their online account they are suggesting she drops her DD by about 40% currently, but we're keeping it at the current level to see how this winter plays out. They allow you to model different DD amounts, and show you how your...
  6. Bozza

    [Finance] Paying energy bills by direct debit - scam?

    As others above, I’m of sure it’s a scam or anything like it. Our dual fuel DD is £225 per month and we currently have a credit balance of £1,006. However based on current usage, we will use c£500 of energy this month. Rather than having to find that £500, our credit balance will be eaten...
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