AXED! Discounts for paying energy bills on time – just as prices go up

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Greedy energy firms have found a fresh way to sneakily boost their profits — by scrapping discounts for people who pay bills on time.

British Gas, EDF, E.ON, Scottish & Southern Energy and Scottish Power all currently give customers money off if they pay their bills promptly by cash or cheque each quarter.

However, firms claim new rules being brought in by the regulator Ofgem mean that from next year they will no longer be allowed to offer these discounts.

This will leave customers up to £40 a year worse off.

SSE customers currently get a £5 discount per fuel every quarter if they pay their bill within ten days.

However, households across Britain have been told that from November 15 this discount will be axed — the same day 7.3 million customers will see their average energy bill soar by 8.2 per cent.

Scottish Power dual-fuel customers currently get a £31.50 discount each year if they pay within 14 days. This is being abolished from December  6 — when energy prices will shoot up by 8.6 per cent.

via AXED! Discounts for paying energy bills on time – just as prices go up | This is Money.

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