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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

UK energy suppliers sitting on £7bn credit belonging to 16m households

United Kingdom Richard Neudegg Uswitch Uswitchcom
A home Smart Meter showing costs of £90 for dual fuel in one week.
Normally customers come out of the winter with close to zero balances; however, energy companies are now sitting on billions of their money. Photograph: Maureen McLean/Rex/Shutterstock

Energy suppliers are hoarding nearly £7bn of customers’ money despite a cost of living crisis that has left some households forced to choose between heating and eating.

More than 16m UK households are collectively in credit by £6.7bn to their suppliers, with half of those holding balances of more than £200, research from comparison site Uswitch.com has shown.

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