Martin Lewis advises UK households to check for unclaimed refunds from energy suppliers, as £240 million remains unclaimed primarily from closed accounts.
Money-saving expert Martin Lewis has issued a call to action for UK households, encouraging them to check whether they are owed refunds from their energy suppliers. Currently, £240 million across various energy providers, including Octopus, British Gas, and EDF, remains unclaimed. This situation primarily affects customers who have changed their energy suppliers in the last five years, as they may still have credits sitting in old accounts that have been closed.
Lewis points out that with an estimated two million closed energy accounts in the UK, individuals might be surprised to find that they have unaccessed funds available. Ofgem has indicated that while most closed accounts may only have small credits, some accounts can hold substantial amounts exceeding £100. This emphasizes the importance of checking for any outstanding balances that could provide households with extra financial support during challenging economic times.
As various energy bills continue to rise, the potential for these refunds offers a glimmer of hope for consumers looking to alleviate some of their financial burdens. Lewis’s advice underscores the necessity of awareness regarding financial entitlements, especially in the current landscape where many may not be fully cognizant of the money they could reclaim from past energy arrangements.
