Millions of households will soon get a £400 discount on their energy bill to help with the cost of living. The rebate will be paid starting from October, spread out over six months.
Suppliers are taking their own approaches. Some send the money to your account, others reduce the bills & some haven’t decided.
If you pay by direct debit, you get the cash to your bank account or as a bill reduction. Those who pay after getting a bill will get the cash as credit on their energy account.
If you have a smart prepayment meter you will get the £400 as credit on your meter, in instalments.
People with traditional prepayment meters will get vouchers, which can be used to top up.
British Gas
Monthly direct debit – credited to your bank or building society account
Standard credit – no plans announced
Smart prepayment meter – no plans announced
Traditional prepayment meter – no plans announced
Bulb
Monthly direct debit – reduced direct debit payments
Standard credit – payment made to energy account
Smart prepayment meter – credit to electricity account (gas to follow)
Traditional prepayment meter – gas or electricity voucher
E.on and E.on Next
Monthly direct debit – reduced direct debit payments
Standard credit – payment made to energy account
Smart prepayment meter – credit to electricity and gas accounts
Traditional prepayment meter – gas or electricity voucher
EDF Energy
Monthly direct debit – credited to your bank or building society account
Standard credit – no plans announced
Smart prepayment meter – no plans announced
Traditional prepayment meter – no plans announced
Octopus Energy
Monthly direct debit – will announce plans in September
Standard credit – will announce plans in September
Smart prepayment meter – will announce plans in September
Traditional prepayment meter – will announce plans in September
Ovo Energy
Monthly direct debit – credited to your bank or building society account
Standard credit – payment made to energy account
Smart prepayment meter – payment made to energy account
Traditional prepayment meter – gas or electricity voucher
Shell Energy
Monthly direct debit – reduced direct debit payments
Standard credit – payment made to energy account
Smart prepayment meter – credit to electricity and gas accounts
Traditional prepayment meter – gas or electricity voucher
So Energy
Monthly direct debit – reduced direct debit payments
Standard credit – payment made to energy account
Smart prepayment meter – credit to electricity account
Traditional prepayment meter – N/A
SSE
Monthly direct debit – credited to your bank or building society account
Standard credit – payment made to energy account
Smart prepayment meter – credit to electricity account
Traditional prepayment meter – gas or electricity voucher
Utility Warehouse
Monthly direct debit – reduced direct debit payments
Standard credit – payment made to energy account
Smart prepayment meter – credit to electricity account
Traditional prepayment meter – gas or electricity voucher