So I ring British Gas to get the credit back from my electricity account, £30.
They then re-calculated my monthly payments and came up with £30
per month, it was previously £24.
After a long call trying to understand how they work out the monthly
Direct Debit, I did my own calculations.
Ive put it here and I hope it makes sense, I stand to be corrected and if you
can great, as my brain hurts now. I have not included the 4.8% DD discount
but as these figures are for my low usage i.e. jus lil ol me. Im sure others have
First Reading 11679
Latest reading 13457
KWH Used 1778
Cost of Electricity £161.91
VAT @ 5% 5 £8.10
Days So Far at last bill / Cost per Day 224 £0.76
Average per Year 365 £277.02
Average Monthly Payment 12 £23.08
Direct Debit Payment Required £24.00
Planned Monthly Payment £30.00
Over payment per Month £6.00
Over payment per Year £72.00
Over charge £72.00
Gained by BG £1,152,000,000.00
Interest @ % 5 £57,600,000.00
So if all the utility companies are doing this (and you know they are) imagine the
money being made.
You should all think about getting any credit back and getting the interest yourself.
I will take my £30 back because even at an extra £6 a month payments, it will be
5 months before my £30 runs out. Then I will check and do it again if need be.
Do remember you are building during the summer for the extra use in winter though.
ed: Also they forgot to set up my gas account, haha t**ts, so I've not yet paid in 7 mths.
Now they are giving me a discount because they messed up, YaY