• Spreading payments

    The amounts being deducted seem relatively minimal...since joining. Are we going to hit with more scarier annual type charges to compensate..
    Need advice on the projection and break down...
    Thanks in advance!
    Tap below to see the best answer
    0
  • The amounts being deducted seem relatively minimal...since joining. Are we going to hit with more scarier annual type charges to compensate..
    Need advice on the projection and break down...
    Thanks in advance!
    Tap below to see the best answer


  • Best Answer

    hi waxism
    to add to other good replies, you do know that the payments are split warmer/colder months? You pay 40% of your annual in warmer months, 60% in colder months so in October your payment will increase to 1.5x summer amount for 6 months. That could b why your payments seem low now?
    You won't be hit with any annual charges, you'll pay only the membership fee per fuel (aka standing charge) and for the energy you use (it's a variable tariff so prices can change)
    ​If you're building up debt increase the dd and review ongoing. (If you need to increase the dd go to help in app ask wattbot, type "message the team" and ask.
    Quote Originally Posted by Waxism View Post
    The amounts being deducted seem relatively minimal...since joining. Are we going to hit with more scarier annual type charges to compensate..
    Need advice on the projection and break down...
    Thanks in advance!
    Last edited by woz; 15-06-19 at 10:30.
    2
  • hi waxism
    to add to other good replies, you do know that the payments are split warmer/colder months? You pay 40% of your annual in warmer months, 60% in colder months so in October your payment will increase to 1.5x summer amount for 6 months. That could b why your payments seem low now?
    You won't be hit with any annual charges, you'll pay only the membership fee per fuel (aka standing charge) and for the energy you use (it's a variable tariff so prices can change)
    ​If you're building up debt increase the dd and review ongoing. (If you need to increase the dd go to help in app ask wattbot, type "message the team" and ask.
    Quote Originally Posted by Waxism View Post
    The amounts being deducted seem relatively minimal...since joining. Are we going to hit with more scarier annual type charges to compensate..
    Need advice on the projection and break down...
    Thanks in advance!


  • Morning waxism.
    No 2 people are the same so makes it a tricky one to answer.
    The easiet way to manage your acct if you dont know how much you actually use in a year is to give regular readings then monitor your acct and alter your DD payments every 3 months according to what your balance is doing. If a debt is growing increase payments if credit building reduce payments.
    If you know accurately how much energy you use in a year then simpky work out how much that will cost. Then add up how much your 12 DD payments will be then adjust your DD payments so the 2 figures match.
    This is a fairly simplistic approach i know some members have spread sheets and bar graphs to monitor their accts,it all depends on how much info you want to get out of it.
    Just remember that your balance ideally should be in credit by one payment being as we pay monthly in advance.
    Last edited by Jon1; 15-06-19 at 08:42.
    2
  • Morning waxism.
    No 2 people are the same so makes it a tricky one to answer.
    The easiet way to manage your acct if you dont know how much you actually use in a year is to give regular readings then monitor your acct and alter your DD payments every 3 months according to what your balance is doing. If a debt is growing increase payments if credit building reduce payments.
    If you know accurately how much energy you use in a year then simpky work out how much that will cost. Then add up how much your 12 DD payments will be then adjust your DD payments so the 2 figures match.
    This is a fairly simplistic approach i know some members have spread sheets and bar graphs to monitor their accts,it all depends on how much info you want to get out of it.
    Just remember that your balance ideally should be in credit by one payment being as we pay monthly in advance.


  • Hi Waxism,

    Great advice from Jon1.

    When did you join PP?
    Although its only an indicator based on ongoing historic averaging your monthly statement advises projections both in future annual cost and future annual usage / consumption. However these indicators only become closer to your actual forecast once you have been with PP for a few months up to a year. As your usage pattern pans out, remember your pattern is affected by the weather etc so the statement keeps panning out the usage as your consumption history changes.

    What usage figures did you provide when joining PP?
    Are these usage figures correct as noted in your original quoatation?
    If the usage figures supplied at the time of joining where lower or higher than now then PP can only work on what was provided until they carry out a review, unless you proceed to ask for one.

    If you do the calculations and work it out then great and or contact PP direct via the APP and ask for a review.
    Open Help - Open Ask wattBot - first type "Message the Team" and ask for a review that could adjust your DD!
    ​Response by PP within 2 days back with the bot.


    ​All the best
    Last edited by Strutt G; 15-06-19 at 09:10.
    1
  • Hi Waxism,

    Great advice from Jon1.

    When did you join PP?
    Although its only an indicator based on ongoing historic averaging your monthly statement advises projections both in future annual cost and future annual usage / consumption. However these indicators only become closer to your actual forecast once you have been with PP for a few months up to a year. As your usage pattern pans out, remember your pattern is affected by the weather etc so the statement keeps panning out the usage as your consumption history changes.

    What usage figures did you provide when joining PP?
    Are these usage figures correct as noted in your original quoatation?
    If the usage figures supplied at the time of joining where lower or higher than now then PP can only work on what was provided until they carry out a review, unless you proceed to ask for one.

    If you do the calculations and work it out then great and or contact PP direct via the APP and ask for a review.
    Open Help - Open Ask wattBot - first type "Message the Team" and ask for a review that could adjust your DD!
    ​Response by PP within 2 days back with the bot.


    ​All the best


  • Okay. Thanks for the brevity in answering. I’m a-lot clearer now on this one. Regards.
    2
  • Okay. Thanks for the brevity in answering. I’m a-lot clearer now on this one. Regards.