Energy customers are spending hundreds of pounds in exit fees - and in some cases the amount has more than doubled since last year, research by Martin Lewis and his team has found. But the money saving expert has slammed the move, after finding out that some of the largest suppliers nationally have increased their early exit fees on their lowest priced deals.
He is now advising households to check about cost penalties with their energy supplier, reports Manchester Evening News. The average exit fee this time last year was £60 on a dual-fuel home, the research found. But a few suppliers such as Octopus Energy and E.on do not charge their customers exit fees and Bulb and Shell Energy do not currently have fixed rates, so are not featured in the analysis.
Meanwhile some firms charge different fees depending on the length of the fix, with one-year fixes tending to have lower exit fees. Martin then compared the cost to fees from 2021.
