Power companies are sitting on £1.7 billion of our money

Are you due a Energy refund?

Almost half of all UK households (46%) are due such a refund, the price comparison and switching site found.

One in ten energy bill-payers (10%) are owed more than £200.

Customers who pay for their energy by Direct Debit can often find themselves in credit with their supplier as their monthly payments do not exactly match their gas and electricity usage.

Why do energy suppliers owe money?

Customer Direct Debit amounts stay the same every month, but their energy usage changes depending on the time of year.

This means that customers should be in credit with their supplier following the summer months, and in debt to their provider in the depths of winter.

Some energy providers do not automatically issue refunds to customers whose accounts are in credit, meaning any money owed to consumers can go unclaimed for months.

For more info and full report read : https://www.moneywise.co.uk/news/2020-04-15/half-homes-are-owed-ps136-energy-firms-can-you-claim-refund

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