Money-saving consumer champion Martin Lewis has hit out at energy firms that are now charging people up to £600 in early exit fees - when the cost was no more than £60 a year ago. And he is angry over rules which are hiding the cheapest gas and electricity bill deals from most users.
Martin and his team at MoneySavingExpert.com have urged customers to check with their energy supplier about costly penalties. According to recent research by the financial experts, some of the country’s largest energy suppliers have increased their early exit fees on their lowest priced deals. Mr Lewis’ team found that exit fees are 10 times more expensive than they were in 2021.
The typical exit fee on a fixed deal for a dual-fuel home was £60 this time last year. As part of his research, Mr Lewis compared the exit fees for the country’s energy suppliers from this year and 2021.
