Prepay Energy Customers Left With ‘Hefty Price To Pay’
Those Britons who are paying for their energy through a prepayment scheme are losing out on millions of pounds, according to findings by a price comparison website.
In a study carried out by moneysupermarket, it was revealed that the typical person meeting the cost of their utility bills via prepayment is paying out an average of 1,026 pounds 46 pence. However, by switching to pay by monthly direct debit, such a consumer would pay 853 pounds 96 pence. Overall, it claimed that prepaying Britons are missing out on total savings of 862.5 million pounds.
Due to difficulties with meeting the cost of household bills, it may also be possible that many consumers develop problems with other sources of financial constraint. Such areas could well include mortgage or rent costs, loans and store and credit cards.
Furthermore, it seems that those who choose to prepay for their gas and electricity with British Gas could […]
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