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My Warm Home Discount looks odd on my billing summary?

  • December 31, 2023
  • 5 replies
  • 158 views

parcel
Carbon Cutter*

It says on my bill, It was applied to my acc, but I also had £120 in credit, which I had paid in.

Its doesnt seem to add up. £150 + £120 = £270. That doesn’t appear on my Nov bill. Anyone have the same problem?

£56.69in debit

Charges

-£1.32

Payments

£120.00

 

Closing

£64.63in credit

Total charges

-£1.32

Other charges

£150 Warm Home Discount CG13 (£142.86 + £7.14 VAT) 

-£142.86

VAT 5% of -£1.26

-£0.06
Total (This should be credit?) -£142.92

Payments

£120.00

Card Receipt 15 Nov £60.00
Card Receipt 29 Nov £60.00

 

 

 

Best answer by Firedog

Have another look; you seem to have missed out the Total cost - the cost of fuel and standing charges from the calculation. 

     Total cost + Other charges = Total charges

     Opening balance - Charges + Payments = Closing balance.

In this case, because of the WHD credit, your Total charges are only a small figure, negative at that. It looks like the costs were £141.60. Remember that minus minus equals plus: 

 

Total cost

+

Other charges    

=

Total charges
£141.60

+

– £142.92    

=

– £1.32
Opening balance

Charges

+

Payments

=

Closing balance
– £56.69

– £1.32

+

£120.00

=

£64.63

 

Does this make sense?

 

View original

5 replies

Blastoise186
Plan Zero Hero
Forum|alt.badge.img+1
  • Plan Zero Hero
  • 7894 replies
  • December 31, 2023

Minus charges are credits. This looks correct based on what you’re showing us.


parcel
Carbon Cutter*
  • Author
  • Carbon Cutter*
  • 3 replies
  • December 31, 2023

Thanks.

It just didnt seem to add up.

When u look at the bill.

So where’s the £270 gone...


Firedog
Plan Zero Hero
Forum|alt.badge.img
  • Plan Zero Hero
  • 2037 replies
  • Answer
  • December 31, 2023

Have another look; you seem to have missed out the Total cost - the cost of fuel and standing charges from the calculation. 

     Total cost + Other charges = Total charges

     Opening balance - Charges + Payments = Closing balance.

In this case, because of the WHD credit, your Total charges are only a small figure, negative at that. It looks like the costs were £141.60. Remember that minus minus equals plus: 

 

Total cost

+

Other charges    

=

Total charges
£141.60

+

– £142.92    

=

– £1.32
Opening balance

Charges

+

Payments

=

Closing balance
– £56.69

– £1.32

+

£120.00

=

£64.63

 

Does this make sense?

 


parcel
Carbon Cutter*
  • Author
  • Carbon Cutter*
  • 3 replies
  • January 1, 2024

Yeh, I guess so.

It’s just with Swalec, it was far easier to understand.

But we had no choice when we were migrated over.


Jeffus
Plan Zero Hero
Forum|alt.badge.img+2
  • Plan Zero Hero
  • 2547 replies
  • January 2, 2024

Hi @parcel if you think of any specific suggestions on improvements you could add an "Idea"

OVO regularly review these

https://forum.ovoenergy.com/ideas

 


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