Check, or cancel, your Direct Debits!

Discussion in 'Off-Topic Discussion' started by Fat Controller, May 5, 2022.

  1. Fat Controller

    Fat Controller 'Cuddly' Scottish Admin! Staff Member

    Joined:
    May 5, 2012
    Messages:
    27,740
    Gender:
    Male
    Occupation:
    Public Transport
    Location:
    At me 'puter, GCHQ Ashford Office, Middlesex
    Ratings:
    +52,145
    I am referring mostly to the direct debits to energy suppliers here, but others are in the frame as well (telephone, broadband etc)...

    Yesterday, I got an email from my energy supplier (Shell) "Your direct debit is changing.." within which they stated in a bright and breezy fashion that my direct debit was changing to £294 per month!

    In short, this would represent a hike of 167% on the amounts that I was paying last year (my direct debit last year was circa £82 in summer, and £120 in winter, so even rounding up to £90 and £130 respectively, the amount they were wanting represents such a massive increase); it is also worthy of note that our consumption simply MUST have reduced dramatically - we have used our tumble dryer twice since last October, where the prior winter it was on four to six times per week... we have used the electric shower three maybe four times in the same period, using the hot water tank (gas heated) fed shower instead. We have LED lighting throughout, the driveway security light has been disabled for months, we batch cook/pressure cook/slow cook where we can, often sit with just the light of the TV screen and a candle, and even have remote switches that kill off circuits at night so that things are not left on standby.

    The one thing that we could do to resolve is our ancient chest freezer which has a bit of a badgered seal, so it is possible that we are to some degree cooling the room with that one - but, I don't have a few hundred quid on the hip to buy a new one.

    I phoned Shell yesterday, spoke to a chap in South Africa who told me that almost every call he was getting was exactly the same - people cancelling their direct debits. There is no discount for paying by direct debit anymore so maybe people are waking up. He himself was astounded when I told him how many billions profit his company made last year - it is obscene and there is no competition in the market at all as you essentially cannot even switch now.

    As it stands, my account is £259 in debt - given that Shell failed to take a direct debit of £120 in January when they made the final switch from Pure Planet over to Shell, that would actually have been £139 debt over my direct debit coming out of the winter which I don't think is terrible. Even at the new uber-inflated rates, I reckon our use in the dead of winter was £200-£230 per month absolute tops, so where they are getting £294 x 12 is beyond me.

    I shall now simply massively overpay on a credit card (or filter into a spare bank account if the credit card is paid off) and then pay monthly by that credit card. Next move is to get shot of all the utilities and burn wood.

    Check. Keep checking and don't be afraid to cancel a direct debit.
     
    • Informative Informative x 2
    • pete

      pete Growing a bit of this and a bit of that....

      Joined:
      Jan 9, 2005
      Messages:
      51,038
      Gender:
      Male
      Occupation:
      Retired
      Location:
      Mid Kent
      Ratings:
      +93,728
      I've watched on TV stories of people's direct debits rising by stupid amounts, i get the feeling the companies are starting to use people to top up their bank accounts which is what they were doing a long time ago before they were stamped on.

      I send in my readings and pay for what I have used that month, but I do it via direct debit.
      Just finished a fixed price deal so remains to be seen what my next bill will be later this month.
       
      • Informative Informative x 3
      • Agree Agree x 2
      • Fat Controller

        Fat Controller 'Cuddly' Scottish Admin! Staff Member

        Joined:
        May 5, 2012
        Messages:
        27,740
        Gender:
        Male
        Occupation:
        Public Transport
        Location:
        At me 'puter, GCHQ Ashford Office, Middlesex
        Ratings:
        +52,145
        I won't let them have a direct debit at all now - cheque, BACS etc only now
         
        • Like Like x 1
        • Informative Informative x 1
        • JWK

          JWK Gardener Staff Member

          Joined:
          Jun 3, 2008
          Messages:
          32,371
          Gender:
          Male
          Location:
          Surrey
          Ratings:
          +49,763
          I am in the same boat with a massive percentage increase, same for everyone. Are you taking meter readings and double checking your consumption against this time last year? I am keeping a spreadsheet and taking monthly readings. I've managed to cut down consumption by tweaking thermostats etc as you have done.

          I'm actually in debt to my supplier, Octopus. When the previous supplier went bust I cancelled my direct debit so I built up a debit of a few hundred for several missed monthly payments. It's going to be October before I pay off the outstanding balance by which time we are due another price rise.
           
          • Informative Informative x 2
          • Fat Controller

            Fat Controller 'Cuddly' Scottish Admin! Staff Member

            Joined:
            May 5, 2012
            Messages:
            27,740
            Gender:
            Male
            Occupation:
            Public Transport
            Location:
            At me 'puter, GCHQ Ashford Office, Middlesex
            Ratings:
            +52,145
            Oh yes, I am keeping a spreadsheet and doing readings monthly, that is how I know their 'estimates' are so wildly inaccurate. They initially said I was in debt to the tune of almost £900 when the change was made, but I corrected their meter values and that dropped significantly. It is now circa £200-£300 in all reality, so will be cured fairly rapidly I would say.

            Folks also need to be aware that your utility bills are now also going on your credit file - I was not aware that they ever have before, but they certainly are now. For those who are still on direct debit, I wonder if they will show a credit balance when there is one? Somehow, I doubt it. Credit files are a one-way street.
             
          • JWK

            JWK Gardener Staff Member

            Joined:
            Jun 3, 2008
            Messages:
            32,371
            Gender:
            Male
            Location:
            Surrey
            Ratings:
            +49,763
            I don't know why Shell are getting yours so wrong. Maybe they are estimating your annual consumption by multiplying your current month by 12, obviously wrong as consumption will naturally drop as the weather warms up. I know how much I've used on average over the last few years and it's about the same as my supplier estimates. I saw that Shell has tripled their profit announced today I can see why.
             
            • Agree Agree x 1
            • shiney

              shiney President, Grumpy Old Men's Club Staff Member

              Joined:
              Jul 3, 2006
              Messages:
              63,473
              Gender:
              Male
              Occupation:
              Retired - Last Century!!!
              Location:
              Herts/Essex border. Zone 8b
              Ratings:
              +123,760
              I send my meter reading in, online, every month and check it against their estimate which they also show. At the moment they are continuing the Direct Debit monthly charge that my previous supplier (went bust) was charging.

              I'll wait to see what they do but I'll soon change it if they try to put it up. :paladin: All my other Direct Debits are set to just pay off what is owed. :blue thumb:
               
            • JWK

              JWK Gardener Staff Member

              Joined:
              Jun 3, 2008
              Messages:
              32,371
              Gender:
              Male
              Location:
              Surrey
              Ratings:
              +49,763
              • Agree Agree x 2
              • Fat Controller

                Fat Controller 'Cuddly' Scottish Admin! Staff Member

                Joined:
                May 5, 2012
                Messages:
                27,740
                Gender:
                Male
                Occupation:
                Public Transport
                Location:
                At me 'puter, GCHQ Ashford Office, Middlesex
                Ratings:
                +52,145
                In fairness to Shell, they are not the only ones - they are all a bunch of crooks. I'd take a punt that there is roughly £6bn profit being hauled out of us in profits here in the UK, over and above the cost of our energy. Utterly obscene
                 
              • pete

                pete Growing a bit of this and a bit of that....

                Joined:
                Jan 9, 2005
                Messages:
                51,038
                Gender:
                Male
                Occupation:
                Retired
                Location:
                Mid Kent
                Ratings:
                +93,728
                I would never ever pay an energy company in advance, which in effect you are doing if you go down the direct debit route whereby you pay the same every month.

                I must admit to doing this with the water company but I keep a close eye on how much they have overcharged me at the time every bill comes in.
                 
              • Jiffy

                Jiffy The Match is on Fire

                Joined:
                Aug 25, 2011
                Messages:
                11,609
                Occupation:
                Pyro
                Location:
                Retired Next To The Bonfire in UK
                Ratings:
                +33,525
                No Direct debits here

                heard that we could see intrest rates of 10 %
                 
              • Fat Controller

                Fat Controller 'Cuddly' Scottish Admin! Staff Member

                Joined:
                May 5, 2012
                Messages:
                27,740
                Gender:
                Male
                Occupation:
                Public Transport
                Location:
                At me 'puter, GCHQ Ashford Office, Middlesex
                Ratings:
                +52,145
                I think that is inflation rather than interest, but even so it is still bloody awful.
                 
                • Agree Agree x 1
                • Jiffy

                  Jiffy The Match is on Fire

                  Joined:
                  Aug 25, 2011
                  Messages:
                  11,609
                  Occupation:
                  Pyro
                  Location:
                  Retired Next To The Bonfire in UK
                  Ratings:
                  +33,525
                  I've just checked and i heard it wrong, tis Inflation
                   
                  • Like Like x 3
                  • pete

                    pete Growing a bit of this and a bit of that....

                    Joined:
                    Jan 9, 2005
                    Messages:
                    51,038
                    Gender:
                    Male
                    Occupation:
                    Retired
                    Location:
                    Mid Kent
                    Ratings:
                    +93,728
                    Must admit a 10% interest rate does sound good.:stirpot::smile:
                     
                    • Like Like x 1
                    • Agree Agree x 1
                    • Jocko

                      Jocko Guided by my better half.

                      Joined:
                      Jan 2, 2022
                      Messages:
                      2,417
                      Gender:
                      Male
                      Occupation:
                      Retired engineer. Now Vice CEO of the garden.
                      Location:
                      Danderhall on southern edge of Edinburgh. Zone 8a.
                      Ratings:
                      +6,782
                      I used to pay by Direct Debit until we moved here last summer. We now just wait on the bill to come in and pay it. Worked last winter but will be a bit more problematic this coming winter. The good thing about the Smart meter is I can see exactly how it is going.
                       
                      • Like Like x 1
                      Loading...

                      Share This Page

                      1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
                        By continuing to use this site, you are consenting to our use of cookies.
                        Dismiss Notice