ScottishPower Pay in Advance for fuel and save 5%
Published: 1 April 2009 By MoneyhighStreet Staff 2 Comments
ScottishPower is introducing a Pay in Advance option which enables customers to save 5% on their fuel bills.
The Pay in Advance scheme is only available to customers who pay quarterly by cash or are on a direct debit scheme.
It is available to customers who take electricity or electricity and gas. It is not available for those who only take gas.
The 5% discount is against the standard ScottishPower Direct Debit rates and a minimum payment is required equivalent to one year’s estimated energy usage.
Willie MacDermid, Director of Energy Retail at ScottishPower, commented ‘Our new Pay in Advance option will mean that customers receive a guaranteed 5% saving on final bill amounts regardless of future price movements, for as long as their payment lasts. This offers good value for money and is an excellent way for our customers to make their money work harder.’
ScottishPower is also the first of the ‘big six’ energy suppliers to pay interest on direct debit overpayments.
From June 2009, ScottishPower will pay customers £1 back for every £33 they are in credit.
The balance will be assessed annually and the payment will be made on overpaid balances between £100 and £500.
This new credit guarantee scheme from ScottishPower will benefit all its 3.2 million customers who pay via monthly direct debit.