Different ways your energy supplier will pay £400 rebate – from British Gas to SSE and EDF

Millions of households will soon get a £400 discount on their energy bill to help with the cost of living.

The rebate will be paid starting from October, spread out over six months.

But energy suppliers are taking different approaches to handing out the cash.

Some will send the money to your bank account, while others will reduce your bills, but many firms have not yet decided.

To make matters even more complicated, what sort of meter you have also changes how you will get the £400.

New Prime Minister Liz Truss revealed a major plan last week aimed at tackling soaring energy prices.

The Energy Price Guarantee , which will cost up to £150billion, will see the typical household energy bill capped at £2,500 for a two-year period and will be paid by increasing the national debt.

The £400 rebate will bring down whatever your energy bill is from October 1.

If you pay by monthly direct debit, you will get the cash to your bank account or as a bill reduction.

Those who pay with credit – after getting a bill – will get the cash as credit on their energy account.

If you have a smart prepayment meter you will get the £400 as credit on your meter, in instalments.

People with traditional prepayment meters will get vouchers, which can be used to top up their meter.

MoneySavingExpert has worked out how you will receive this money depending on your exact circumstances.

British Gas
Monthly direct debit – credited to your bank or building society account

Standard credit – no plans announced

Smart prepayment meter – no plans announced

Traditional prepayment meter – no plans announced

Bulb
Monthly direct debit – reduced direct debit payments

Standard credit – payment made to energy account

Smart prepayment meter – credit to electricity account (gas to follow)

Traditional prepayment meter – gas or electricity voucher

E.on and E.on Next
Monthly direct debit – reduced direct debit payments

Standard credit – payment made to energy account

Smart prepayment meter – credit to electricity and gas accounts

Traditional prepayment meter – gas or electricity voucher

EDF Energy
Monthly direct debit – credited to your bank or building society account

Standard credit – no plans announced

Smart prepayment meter – no plans announced

Traditional prepayment meter – no plans announced

Octopus Energy
Monthly direct debit – credit applied to their account

Standard credit – credit applied to their account

Smart prepayment meter – credit applied 50/50 to gas and electricity meters

Traditional prepayment meter – monthly vouchers via email or post

Ovo Energy
Monthly direct debit – credited to your bank or building society account

Standard credit – payment made to energy account

Smart prepayment meter – payment made to energy account

Traditional prepayment meter – gas or electricity voucher

Shell Energy
Monthly direct debit – reduced direct debit payments

Standard credit – payment made to energy account

Smart prepayment meter – credit to electricity and gas accounts

Traditional prepayment meter – gas or electricity voucher

So Energy
Monthly direct debit – reduced direct debit payments

Standard credit – payment made to energy account

Smart prepayment meter – credit to electricity account

Traditional prepayment meter – N/A

SSE
Monthly direct debit – credited to your bank or building society account

Standard credit – payment made to energy account

Smart prepayment meter – credit to electricity account

Traditional prepayment meter – gas or electricity voucher

Utility Warehouse
Monthly direct debit – reduced direct debit payments

Standard credit – payment made to energy account

Smart prepayment meter – credit to electricity account

Traditional prepayment meter – gas or electricity voucher