Smart meters

[Rod Speed]

That doesnt work with thermostatted devices.

[Jeff Layman]

On 24/11/2022 14:56, Jonathan wrote: .

I do what you do. The problem is that the consumer loses whichever route you take. You either pay over the odds for non-DD, or with DD you lend them money free of interest (which they can invest for a profit). Damned if you do and damned if you don't!

[SteveW]

Do they not have any tariffs that are quarterly billed and a variable DD billed and debited each quarter? They certainly used to.

[David Wade]

These tend to be very expensive. They have to wait three months to get your cash....

Dave

[Robin]

and also have to wait 3 months to discover the customer has no means to pay/has no intention to pay.

The extra costs involved in standard credit include differences in the probability of non-payment and the quantum of loss. Ofgem take them into account in the different price caps. The caps set in August:

Direct Debit £3549 Standard Credit £3764 Prepayment £3608

[whisky-dave]

It does if you explain it .

[Max Demian]

No more expensive than paying by cheque or cash. I think EDF do it but I haven't asked them. Not too much of an inconvenience paying once a quarter.

[Rod Speed]

No it doesn't because there is no easy way to keep track of what is currently off due to the thermostat.