Comments

View 3 Images

Around £240 million of energy credit is languishing in closed account balances, ready to be reclaimed by consumers, according to the UK's energy watchdog. Ofgem and trade association Energy UK are calling on individuals who may be owed money to contact their previous supplier. ‌

Statistics reveal that 1.9 million closed accounts hold credit, averaging roughly £126 per account. Consumers who have relocated within the past five years might have leftover funds in their accounts, which couldn't be refunded due to outdated contact information. ‌

More than 90% of closed account balances are automatically returned and suppliers always strive to refund any outstanding credit, says Energy UK. People are urged to review letters and emails for final bills and get in tou

See Full Page