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Britain's 'big six' energy giants should be made to pay back millions of pounds to customers using pre-payment meters, says the Government's new consumer watchdog.
Consumer Focus says the 5.9m households with the meters have been systematically 'ripped off' for years.
Energy suppliers are collecting a staggering £700m extra a year by inflating charges to these customers.
Customers with pre-payment meters (PPMs) pay an average of £1,315 - £244 a year more for heat and light than someone on the cheapest online tariff.
Originally posted by Interestinggg
Look im sure its probably a scam.
Im sure they probably make more profits from it than usual like the greedy evil pigs they are.
However if you think about it, it could stop people getting into debt.
If they cant afford the heater on they put blankets on instead.
If they cant afford the light on they light a candle instead.
If it wasn't pre paid they would just switch it all on out of convenience and end up with 1000's in debt they cant afford to pay and would get it all cut off.
Originally posted by Extralien
reply to post by Merriman Weir
Nice post Merriman.
I'm glad you had all that info tucked away in the old grey matter.
It has helped to shed a bit more light on the issue and practices that affect many.
It's plainly obvious that these companies have reduced the costs of cash retrieval whilst maintaining a high charge.
The cost of collecting cash from those who can supply the 'top-up' must be higher than making an automated swipe card system.
Then they came out with those plastic keys you charged up.
That can mean only one thing.. it's cheaper, in the long term, to make longer lasting plastic data keys than it is to have to continuously issue new paper tickets. Priniting companies must have been demanding mega bucks for the service
Electricity hasn't changed since it went 'live', but for some reason we still pay more now than ever before...
Originally posted by citizen smith
It's been estimated that 1-in-6 households in the UK are facing energy-poverty (defined as 10%+ of household income spent on energy bills) and such a scheme would not only alleviate that fuel-poverty, but also enable the UK to reach it's renewable-energy targets of 15% of total grid-supply by 2020