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€200 electricity credit & change of provider

  • 23-03-2022 11:53am
    #1
    Registered Users Posts: 1,343 ✭✭✭


    It seems that the latest, winter months, electricity bill be settled before April with funds taken off my account.

    April is now the date the government €200 credit (€176 excl. VAT) will come into effect.


    The €200 electricity credit is more that enough to settle the next, summer months, bill and partially the next one to follow.

    My contract ends after the next bill is settled and I expect ca. €50 leftover of the credit to remain on the account.


    What happens to the reminder of the credit should I switch supplier?

    Is it bound to the MPRN and will is travel to the new supplier or will I be forced to use it in full with the current supplier once it's granted?



Comments

  • Registered Users Posts: 1,343 ✭✭✭beazee


    Eventually got the reply form the current provider:

    If your account is in credit after we final bill your account you will be refunded

    I guess that answers the question.



  • Registered Users Posts: 9,810 ✭✭✭Charlie


    My contract ends in the next 7 days and I will be switching, so was wondering this exact question, as it feels like my €200 credit will be applied by my old provider right around the time I move to my new one.

    Hopefully it’s as straightforward as the response you got, but I wouldn’t hold my breath.



  • Registered Users Posts: 14,150 ✭✭✭✭callaway92


    TCs and Cs are on most provider sites. Electric Ireland for example explain it quite well



  • Registered Users Posts: 1,343 ✭✭✭beazee


    The €200 credit is now up on the account as "Government Credit 200CR"



  • Registered Users Posts: 2,341 ✭✭✭apache




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  • Registered Users Posts: 3,218 ✭✭✭phormium


    What's the story with this credit, I got mine credited to my account on 2/4 but today the full direct debit came out of account for bill even though the credit was enough to cover the lot, still have the credit sitting there!



  • Registered Users Posts: 26,887 ✭✭✭✭Dempo1


    It's likely the credit was applied after your bill cycle date so at a guess, you'll see a smaller direct debit or zero if your account is in credit on bill cycle date next time.

    Is maith an scáthán súil charad.




  • Registered Users Posts: 3,218 ✭✭✭phormium


    I know it's free money and shouldn't complain but small tad disappointing as I hadn't budgeted for that bill this month as thought the credit would be covering it 🙄



  • Registered Users Posts: 26,887 ✭✭✭✭Dempo1


    I hear you 😉 I'm sure it's just how your bill cycle works, hopefully no DD for you next time round 😉

    Is maith an scáthán súil charad.




  • Registered Users Posts: 1,343 ✭✭✭beazee


    Your €200 credit is no longer.

    Since 1 May 2022, the government has reduced VAT from 13.5% to 9% on gas and electricity bills. In addition to reducing your overall bill amount, the reduction has also affected the VAT element of the government credit amount that you'll receive. 

    As your bill was issued on or after 1 May, you’ll receive a €192.08 government credit on your electricity bill (€176.22 + 9% VAT). 

    Just checked - I've €192.08 in credit



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