Wednesday, September 20, 2017

Electricity And Gas Debt On The Rise

March 25, 2011 by  
Filed under Dual Fuel News

Ofgem, the energy regulator, has reported that the average electricity debt has increased by 4% from £279 in Q3 2009 to £291 in Q3 2010. In the same period, the average gas debt has gone up by 9% from £264 to £289 and that the number of gas customers with debts over £600 is 12% higher than in Q3 2009. This is bad news at a time when household budgets are being squeezed in every direction.

A fifth of British households are in debt to their energy supplier. Consumers collectively owe a massive £624million to electricity and gas companies, and being in arrears prevents many of them from switching to a cheaper energy plan.

So, how can you avoid this trap? Most Energy Suppliers like British Gas allow customers to Pay by Direct Debit, avoiding bills being forgotten or mounting up over time.

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