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John Rumm John Rumm is offline
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Default EDF don't make sense

On 06/11/2013 16:51, Gefreiter Krueger wrote:
On Wed, 06 Nov 2013 16:49:44 -0000, John Rumm
wrote:

On 06/11/2013 16:13, Gefreiter Krueger wrote:
On Wed, 06 Nov 2013 15:41:23 -0000, John Rumm
wrote:

On 01/11/2013 15:27, Tim Streater wrote:
In article , Roland Perry
wrote:

In message , at 11:59:35 on Fri, 1 Nov
2013, Gefreiter Krueger remarked:

So they removed the whole point of direct debit, that you pay the
same
during colder months.

I think you mean "the whole point of a budget account" (which you
happen to pay by DD.

I pay by DD, but quarterly in arrears based on meter readings.

Even energy companies seem confused by the difference.

I pay monthly in arrears by DD, which seems to be the cheapest method.
They adjust the monthly payment up and down occasionally to bring it
into balance.

That's not really "in arrears" then is it? You would expect them to DD
the exact amount owed at the end of the month such that you start the
next month with a balance of zero.

Of course it's in arrears. He's paying after he used it.


By the sounds of it, he is paying either some of it, or all of it and
some of next months.


I took "bring it into balance" to mean zero after the day he paid.


The "adjust the monthly payment up and down occasionally to bring it
into balance" seems incongruous in which case. They would need to adjust
it every month to match what is owed and there would be no possibility
of over payment. The balance would always be from zero to a negative
amount.



--
Cheers,

John.

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