Energy Suppliers Hold £3 Billion of Households’ Money as Credit Balances Rise

Despite households using less energy during the recent winter, research reveals that 16 million households (56%) have credit balances with their energy suppliers. The average household in credit has £210 left with their provider, highlighting a significant amount of unclaimed funds. The study also indicates a rise in energy debt, with nearly four million households owing a total of £771 million to energy providers.

Energy Suppliers Holding £3 Billion of Customers’ Money Despite Cost of Living Crisis

New research by Uswitch.com has found that more than 16 million households (56 percent) will have credit with their energy supplier at the end of this winter, totaling £3.4 billion. This is despite the expensive winter for energy bills and the cost of living crisis that has left some households forced to choose between heating and eating. Energy expert at Uswitch.com, Will Owen, advises consumers to check their credit balance and consider reclaiming any excess amounts.

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