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Why is my online account credit balance dropping every day?



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I am concerned that I have tried to watch what I use to keep costs down on both gas and electric and managed to keep with my monthly D/debit amount with a good surplus

i up my monthly payment myself hoping this would cover my expenditure

i was surprised that £370.56 was deducted in my March to April bill. This was without any explanation. Why was this?

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I am concerned that I have tried to watch what I use to keep costs down on both gas and electric and managed to keep with my monthly D/debit amount with a good surplus

i up my monthly payment myself hoping this would cover my expenditure

i was surprised that £370.56 was deducted in my March to April bill. This was without any explanation. Why was this?

What words are against the 370.56 figure on the bill? 

Cost of gas.    £370.56.     This is on bill March to April

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Cost of gas.    £370.56.     This is on bill March to April

Review the breakdown of the gas cost on your bill to see if there is anything unusual. 

Here is mine for example. For example, i have a smart meter and both the final opening on 26th March and closing reading on 25th April are not estimated. 

 

My direct debit is £110 and my usage last month was £74.74 so I was £36.74 credit I've just received my quarterly bill and I'm £19 in debit I really find this billing system totally confusing I've read all the threads and find it so hard to understand.

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Hi @Stevie1827 it might be worth checking if the usage you mention includes standing charges and/or vat. They appear in a different section of the bill 

So my charges would have been the £33 credit and the £19 debit so around £50 for charges time to look else where knew where I was with SSE this ovo I ain't got a jar.

Can someone explain why I log into the app and there's a different crazy price for my energy everyday? I cleared a balance less than 7 days ago and it's now back at 88 quid in 6 days. I live in a small eco house with solar panels. They seem to be just pulling amounts from thin air? I was also sent a warrant letter over a week ago saying they would cut me off???

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Hi @chubsterpug

I am just a customer like you. 

Has this been going on since you joined ovo or did it start later? 

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Hey @chubsterpug,

 

Sorry for the issues you’re having,

 

Can you upload some screenshots of your meter readings?

 

Do you have a smart meter?

 

If you’ve recently joined OVO it may be due to a incorrect opening meter reading. This topic may be helpful: 

 

 

We have a live billing system so whenever you submit a meter reading the account balance should update:

 

 

No that's not the case

I have decided to move away from OVO. I paid my bill in full yesterday and I've logged on today and it's asking me for another £60?????

 

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Hey @chubsterpug?

 

Sorry to hear this,

 

Were you on a fixed tariff? Could that be an exit fee? Without any extra account information or screenshots I’m unable to give any more advice on this. We don’t have access to your account on the Forum, I’m afraid. So can only cast assumptions based on the information provided. 

Only paid my balance of 100 odd pound a few weeks ago 2 days ago noticed my bill was £700 odd pound checked today its £848.94 what is going on?

However when i look at my billing history it says a owe £181

 

please help

 

thanks

 

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If you think your bill is wrong, please contact OVO Support. It’s a Bank Holiday today however, so please wait until tomorrow.

Might be a daft question…

I pay £188.00 DD per month for electricity and use less than this (average cost per month is around the £100) I give weekly meter readings. However my credit balance keeps going down...which is the bit I'm confused about. If I'm not even using £188 per month...how does it work that my credit is going down?. Many thanks in advance if anyone could explain this

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It’s dificult to answer that @Bex without seeing what’s happening.

There are things to check;

You pay a standing charge as well as your energy usage.

You should check that they are using your readings and not using estimates.

If your bill for the month is less than your DD then how do the maths work to show your credit reducing?

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If it's your online balance then it's simply a what it says online, with the daily balance reducing as you use electricity (and the standing charge) and then when a DD payment is made each month the credit balance goes up again.

Ie. A credit balance online will go down daily but then shoot up again when a monthly payment is made.

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I am noticing quite routinely that there is a dramatic drop in my balance in the day or two before my next direct debit is paid. Rightly or wrongly, I feel suspicious about this! I follow my usage forensically and feel confident the month is covered until just before the next payment. I'm starting to get quite disheartened by this!

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Is your balance based on estimated readings? It shouldn’t be if you have a smart meter and your account is set to at least a daily reading schedule. Do you see daily readings, e.g. on this page: Meter readings history - OVO Energy

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Yes, everything is in order, smart meter, daily readings etc but, routinely, every month, a.day or two before the direct debit is due, the balance falls sharply down. Just wonder if anyone else finds the same?

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Not me. Can you show us what is happening?

The daily balance is calculated from consumption since the start of the billing period as reported by the meter, so the only way that the balance can fall by an unexpected amount is if consumption increases by an equally unusual amount (another possibility is that the cost of gas used has been recalculated in response to a revised calorific value, but this isn’t likely to be at all regular.) 

If you shared screenshots of your readings page(s) covering the last time this happened, we may be able to spot something. 

 

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