Martin Lewis issues warning to energy bill payers - and you could save up to £2,500
Martin Lewis urged UK bill payers to ensure that their energy direct debit bills are correct - warning that people could be paying thousands more than they need to. Speaking on his podcast, the financial wizard explained that Ofgem has recently introduced "tweaks" to UK energy prices at the turn of the year.
The MoneySavingExpert founder first explained how the Government’s Energy Price Guarantee worked and how much the energy bills for each payment method - direct debit, prepayment and pay on receipt of bill - have risen slightly. Martin then told listeners that it was "absolutely worth checking" if their energy direct debit was correct.
"I would note that at this time of year, going into or just starting the winter, you would want to be in credit, that’s the whole point of the monthly direct debit cycle. It smooths out your usage, so you’re generally in credit when you go into winter and you’re in debt when you come out of it, but then in the low-use summer months, you start to build back that credit. That’s how it should work.
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