At Economy Energy, we ask that you pay one or 2 months in advance (depending on which tariff you’ve chosen) so we can buy energy in advance.

So how does it all work?

Well it’s quite simple really. You make 2 months Direct Debit payment upfront and then pay less for your energy throughout the year. It’s a 12 month fixed rate tariff meaning you won't have to worry about the energy prices going up for a whole year. Paying more upfront means we can make a saving buying the energy and enable us to give you a great price.

Paying in advance by Direct Debit helps us keep our costs down and means we can buy your gas and electricity in advance. This enables us to give you a great price. 

More broadly speaking, there are benefits to staying in credit. Being in debt to an energy company makes it harder to switch to a cheaper supplier, which means a less competitive energy market and higher bills.

We’re trying to make things better. Having a credit balance gives you the flexibility to change suppliers.

Here’s an example:
Let's say you’ve signed up at the start of the month. Around 18 days after we will take 2 months' worth of payments via Direct Debit. We’ll then divide the remaining amount into 11 equal installments. This means your second payment is around 30 days after your start date with Economy Energy. So you’ll make a payment for 2 months before your supply goes live meaning you’ll pay less throughout the year and at a lower rate!

For more information on Online saver tariff check out this guide.