The picture is rather confusing. see this table in the first instance:
Supplier
Monthly direct debit
Standard credit
Smart prepayment meter
Traditional prepayment meter
British Gas
Credited to your bank account
Credited to your energy account
Awaiting response
Awaiting response
Bulb
Direct debit reduction
Credited to your energy account
Credited to electricity account – though plans to allow users to switch it to gas accounts
Voucher to be used on gas or electricity
E.on/E.on Next
Direct debit reduction
Credited to your energy account
Credited to gas and electricity accounts (split evenly)
Voucher to be used on gas or electricity
EDF Energy
Credited to your bank account
Credited to your energy account
Awaiting response
Voucher to be used on gas or electricity
Octopus Energy
Plans to confirm in September
Plans to confirm in September
Plans to confirm in September
Plans to confirm in September
Ovo Energy
Credited to your bank account
Credited to your energy account
Credited to electricity account
Voucher to be used on gas or electricity
Scottish Power
Credited to your bank account
Awaiting response
Credited to electricity account
Voucher to be used on gas or electricity
Shell Energy
Direct debit reduction
Credited to your energy account
Credited to gas and electricity accounts (split evenly)
Voucher to be used on gas or electricity
So Energy
Direct debit reduction
Credited to your energy account
Credited to electricity account
N/A
SSE
Credited to your bank account
Credited to your energy account
Credited to electricity account
Voucher to be used on gas or electricity
Utility Warehouse
Direct debit reduction
Credited to your energy account
Credited to electricity account
Voucher to be used on gas or electricity
Current Eon Next customer, ex EDF, Zog and Symbio. Don't think dual fuel saves money and don't like smart meters. Chronologically Gifted. If I offend let me know by private message, but I’ll continue to express my opinions nonetheless.
I made a point about the FAQs that were posted on here regarding the question that why couldn't a customer have the £400 paid to them directly, the answer was that it had to be used to pay for energy. The fact that the intention is to reduce a DD by the £66/67 is doing just that, paying the money direct to the customer.
I can only comment about monthly DD but looking at the list all suppliers are doing the same thing for Monthly DD, crediting the customers bank account either by paying it back direct or reducing their DD and crediting their energy account. I assume the difference in methods may be down to the easiest way for them to do it.
Why on earth they don't just pay the £66/67 as an extra payment to everyones' electricity account is beyond me, I though the whole idea was that it was to help with energy bills. You can't get any simpler than that.
Surely a reduction in your direct debit is no help unless they credit your account with your "full / usual" direct debit amount? Can anyone explain as Eon don't seem able to answer that question!
Your DD will be reduced by £66/67 but your payment to your account will be topped-up by the same amount by the government. Effectively, the payment to Eon Next will be the same but you will be better off by £66/67 in the six months the subsidy applies for.
I'm an Eon Next dual fuel customer with no particular expertise but have some time on my hands that I am using to try and help out a bit.
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