Law1 min ago
Energy Loan
23 Answers
I made a life error of working all my life and ending up retired in a band E semi decent house, so now classified as rich by the government it seems.
With reference to the £200 loan. Is everyone getting this loan regardless and then have to pay it back over errr 5 years at £40 a year?
Can you opt out if you don’t want it?
We fixed our energy costs for 2 years in August 2021 and basically immune from the increases until the deal runs out.
With reference to the £200 loan. Is everyone getting this loan regardless and then have to pay it back over errr 5 years at £40 a year?
Can you opt out if you don’t want it?
We fixed our energy costs for 2 years in August 2021 and basically immune from the increases until the deal runs out.
Answers
The fine details don't seem to be available yet. e.g. as most people don't pay annually, it's not clear as to whether they'll get £50 knocked off in four successive quarters, £16.67 knocked off each month if they've got monthly direct debits, or whatever. Further, the exact way that the money will be clawed back doesn't seem to be known yet. (An increase in the...
11:24 Fri 04th Feb 2022
The fine details don't seem to be available yet. e.g. as most people don't pay annually, it's not clear as to whether they'll get £50 knocked off in four successive quarters, £16.67 knocked off each month if they've got monthly direct debits, or whatever. Further, the exact way that the money will be clawed back doesn't seem to be known yet. (An increase in the standing charge seems to be the best bet but a small number of tariffs don't have a standing charge, so that could create problems).
However the universality of the scheme doesn't seem to be in doubt. It will apply to all households, with no option to opt out.
General information (as far as it goes for now) here:
https:/ /inews. co.uk/i news-li festyle /money/ bills/e nergy-b ill-reb ates-ex plained -new-sc heme-ho usehold -paymen t-risin g-costs -143974 3
Relevant discussion here:
https:/ /forums .moneys avingex pert.co m/discu ssion/6 332221/ how-can -i-opt- out-of- the-200 -energy -scheme
However the universality of the scheme doesn't seem to be in doubt. It will apply to all households, with no option to opt out.
General information (as far as it goes for now) here:
https:/
Relevant discussion here:
https:/
Danny:
Given that energy companies don't know which Council Tax bands the homes they supply come into, such a scheme would be very difficult to administer.
It's actually a Council Tax rebate of £150, effective in April, that only applies to properties in Bands A to D. (Unlike the energy rebate, the Council Tax rebate won't have to be repaid).
This fills in some of the gaps:
https:/ /assets .publis hing.se rvice.g ov.uk/g overnme nt/uplo ads/sys tem/upl oads/at tachmen t_data/ file/10 52320/E nergy_I nterven tion_fa ctsheet .pdf
Given that energy companies don't know which Council Tax bands the homes they supply come into, such a scheme would be very difficult to administer.
It's actually a Council Tax rebate of £150, effective in April, that only applies to properties in Bands A to D. (Unlike the energy rebate, the Council Tax rebate won't have to be repaid).
This fills in some of the gaps:
https:/
IF I could get into my British Gas account (which I was shoved into) I would pay the £200, but I can't. Every time it doesn't recognise my password so I create a new one which it accepts and then immediately doesn't recognise etc etc etc. This has been going on for months. Sorry that has nothing to do with the OP but is infuriating. Especially now.
It doesn't matter what sort of meter you have.
It would be too expensive to administer an 'opt in / opt out' system. I don't see that this is anything to get alarmed about. Bills will be credited with the 'loan' when fuel bills are so expensive and, hopefully when the costs drop, the money will be paid back with an increase in the bills over a period of time.
It's a way of flattening out the price hike.
It would be too expensive to administer an 'opt in / opt out' system. I don't see that this is anything to get alarmed about. Bills will be credited with the 'loan' when fuel bills are so expensive and, hopefully when the costs drop, the money will be paid back with an increase in the bills over a period of time.
It's a way of flattening out the price hike.