A British Gas buyer was capable of slash his power invoice by £100 because of a cash saving tip from Martin Lewis.

@TheAdmiral2153e took to Twitter to thank the cash saving skilled for serving to him avoid wasting further money.

They stated: “@MartinSLewis Just wanted to say thanks because of you and your energy calculator and recommendations I have tackled British Gas over our direct debit amount and from next month we’ll be paying a whopping £100 per month less – result.”

MoneySavingExpert.com, which was based by Mr Lewis, gives a web-based calculator for direct debit prospects that permits them to work out how a lot they need to be paying their power provider every month based mostly on their utilization.

Energy suppliers base month-to-month direct debits on an estimation of power used.

However, these estimates can depart many individuals overpaying with an excessive amount of credit score or underpaying and entering into power debt.

It is recommended that Britons give common meter readings, or get a wise meter, so the power agency does not have a approach to blame people.

There are two varieties of direct debits: fastened and variable direct debits

With a set charge, folks can pay the identical quantity on the identical day each month. If their agreed fee date falls on the weekend or on a financial institution vacation, their power supplier will gather fee on the following working day.

The quantity folks pay relies on their latest power utilization and any excellent stability.

Providers attempt to evaluation one’s funds usually to verify they're proper for the quantity of power they're utilizing.

A variable direct debit is paid when folks use it as proven on the invoice. This means folks could pay much less in the summertime and extra within the winter.

On their web site, British Gas clarify how they calculate payments.

“The amount you pay is based on your recent energy usage plus any outstanding balance spread over 12 months. For example:

• Annual energy usage = £1200
• Outstanding balance = £600
• Total = £1800
• Divided by 12 = monthly payments of £150

“If we don't have an up-to-date meter reading, we base the amount on an estimate of your energy use. Avoid estimated bills by giving us a meter reading.

“If it's summer and you're using less energy, you might find you're in credit. Your payments will balance out when you use more energy over the winter.

“We review your payments regularly. If you're paying too much or too little, we'll recommend a change so your payments are right for the energy you're using.”