Received a letter from British Gas informing us the subsidy will be paid over 6 months from October to March at a rate of £67/month. In other words will be deducted from our bill. We don't have to do anything - it will just happen.
Energy Bill Subsidy
- Thread starter jeds
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I supposed that’s the best way to do it. Those that have poor money management skills are liable to blow it on anything other than energy if it is given to them in one lump sum and then still not be able to pay their bill. At least the government can be assured that it will be spent on energy.
Get a 6 month loan. Pay it back at…..£67 per month.Funny you say that, I was planning on a weekend away.
Same here, except an email, suggesting £66 or £67 depending on actual month and if the energy cost is less than that amount, then it will be used against future energy bills. The first part of the email suggests it comes of 'your energy bill', later they confusingly say 'off the electric bill'.
A bit of a mess for anyone who is renting, where the energy bill is included as part of the rental. The landlord will get the £400 and there is no system in place to ensure the £400 is passed on to the tenant.
Good point.
The tenant wouldn't be paying any extra energy cost.
It's possible to find earning levels % population. PAYE realtime. Perspective for the self employed. Percentiles which are inverted eg 99% ,,means 1% fit in that band, 50% means 1/2.
99th >= £14,376 per month
95th >= £6823
90th >= £4963
75th >= £3263
50th >= £2089
25th >= £1200
10th >= £695
Those are a rolling average over the past 3 months from HMRC. The nearest to real figures we are likely to see.
Edit I should add that the 50th percentile level is very close to the average salary suggesting more granuality might show things differently.
This reminds me of a study done by a Swedish economist on the UK rather a long time ago. He equated earnings to peoples height. Most of us looked at that way are pigmies. A well paid company directer achieved average height. This will have been when lots of British money was invested in the UK, many companies that have now gone. Then came the giants with their heads in the clouds. These days we may have added a CEO band
99th >= £14,376 per month
95th >= £6823
90th >= £4963
75th >= £3263
50th >= £2089
25th >= £1200
10th >= £695
Those are a rolling average over the past 3 months from HMRC. The nearest to real figures we are likely to see.
Earnings and employment from Pay As You Earn Real Time Information, UK - Office for National Statistics
Experimental monthly estimates of payrolled employees and their pay from HM Revenue and Customs’ (HMRC’s) Pay As You Earn (PAYE) Real Time Information (RTI) data.
www.ons.gov.uk
Edit I should add that the 50th percentile level is very close to the average salary suggesting more granuality might show things differently.
This reminds me of a study done by a Swedish economist on the UK rather a long time ago. He equated earnings to peoples height. Most of us looked at that way are pigmies. A well paid company directer achieved average height. This will have been when lots of British money was invested in the UK, many companies that have now gone. Then came the giants with their heads in the clouds. These days we may have added a CEO band
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i think the way it will work iff you are in credit and paying the expected amount [full bill on demand or agreed d/d]you will get a credit to your bank account
if you are behind, it will go towards the outstanding bill
if you are behind, it will go towards the outstanding bill
Not what I read/heard - The money goes to the energy supplier, which suggests they will hold it as credit against future bills. I suppose there would be no reason you could not request a refund of credit.
i may off course be wrong but i am sure time will tell
here is some bed time reading
https://www.moneysavingexpert.com/n...e-p400-energy-grant-in-six-monthly-payments-/
here is some bed time reading
https://www.moneysavingexpert.com/n...e-p400-energy-grant-in-six-monthly-payments-/
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Why does this scheme give the impression that it a means of 'harvesting' bank details / smart meter fitments? It's like the council tax rebate earlier this year only those who are prepared to hand their bank details over get it quickly or simply.
LOL Obviously all they are interested in is harvesting bank details and smart meters offer no advantage to consumers.
Well many pay by direct debit and smart meters allow more accurate billing. Both facts rather than yet more conspiracy based ideas.
D
Deleted member 18243
Bill subsidy = funny money printed to pay for what the previous funny money wouldn't quite pay for because it made prices go up. It won't quite pay for it now, either, and will make prices go up more.
Surely they have all the bank details of most of their customers apart from the ones that pay cash to top up their pre-pay meters?
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