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In credit with electricity provider, can I keep credits if I change?

  • 25-06-2023 02:54PM
    #1
    Buddy Bubs
    Registered Users, Registered Users 2, Paid Member Posts: 6,429 ✭✭✭


    As above, in credit to the tune of 500 euro with energia due to the govt subsidies and my last bill being a 250 euro credit adjustment in my favour after a meter read.

    Anyway, I'm out of contract in a few weeks and will be going with whoever gives me best deal, will my credits transfer over? Or will energia make a payment to me?

    If not I'd be as well off waiting.



Comments

  • #2
    Uncle Pierre
    Registered Users, Registered Users 2 Posts: 1,922 ✭✭✭Uncle Pierre


    Can't say for sure, but I'd expect that trying to have credits transferred from one provider to another would be a whole world of trouble, and maybe impossible.

    My suggestion would be that you simply stay with Energia until your €500 credit is used up, and then switch. Unless there's a drastic change from how things have operated for a good few years now, all the other providers will still have switching deals then anyway.

    FWIW, am in much the same boat myself - just out of contract with my own provider, but still have a little over €120 credit with them. So am just going to wait another month until that credit is used up before switching to get a deal from somewhere else.



  • #3
    zell12
    Registered Users, Registered Users 2 Posts: 32,517 ✭✭✭✭zell12


    Former provider refunds the credit to your bank account/issues cheque. It's in their t&c's



  • #4
    Buddy Bubs
    Registered Users, Registered Users 2, Paid Member Posts: 6,429 ✭✭✭Buddy Bubs


    Thanks, I did think there would be a payment made to me OK. I'll get looking see what deals I can get.



  • #5
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 7,269 Mod ✭✭✭✭Sheep Shagger


    Have switched companies when we had a credit, it just gets refunded to the account they normally debit.



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