Householders are being warned that giving up direct debits could lead to energy bills rising by 7% a year on average.
The warning has come from financial guru Martin Lewis as customers face eye-watering £3,300 bills on average from October. Many people are tempted to stop paying their bills by direct debit to help with budgeting and avoid unexpectedly large energy bills going out. Choosing to pay when you get a bill may look safer as a result.
But speaking on a Facebook Live broadcast, the Money Saving Expert founder said doing this means you pay more for your energy overall. And the problem will be worsened once energy bills rise again in October.
