For a low consumption user of electricity , ie substantially in credit at the moment, lose it come April or some such date.? Then does the utility company say , that'll do nicely , as it poskets this "credit" ?
No, what would make you think it'd be clawed back?
Any credit on your account is yours and you can ask for it back at any time. The subsidy may stop or be reduced but all that means is that after April the cost of a unit of electricity is likely to rise.
You can ask, that doesn't mean they'll give it to you.
They are supposed to explain how they estimate your usage, but experience shows they don't do that either.
So no need to wrap a Faraday screen around the meter and when requested by the utility co for a reading, stating an exagerated reading.
"They" don't know if you heat your house with coal or whatever. The credit is to help with the increased cost of energy as a whole - even if you don't use much in the way of electricity, your other bills will have still gone up. It's just being credited to electricity bills because almost everyone has one of those and other methods of heating are more ad-hoc. Some people don't have gas, some people get oil deliveries, some people pick up bags of solid fuel from the petrol station, etc.
Theo
I don't think so, only when its used up. It should be no different to you shoving in extra. The only difference is you cannot pocket the amount yourself.
Brian
Which at the present rate of 0.00 GBP bills arriving would be about Oct
2023. Apparantly this scheme came in Oct 2022, so as long as the credit continues for a year.
The monthly credit stops about now
British Gas (my elec supplier) have been paying the £66/67 into my bank for the last 5 months, they have also paid in my 'surplus credit' after my last quarterly bill, without me asking for it.
The answer is it depends who your supplier is.
Credit in a bank account sounds more dependable than credit in a utility account. Impressive, that woman in the news today, won her litigant in person court case against BA wanting her money returned rather than the voucher that BA were only going to "pay" her, for a cancelled long haul flight.
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