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Bank charges: Brits owe energy suppliers £637m

Over one in five houses in the UK owes money to their energy supplier, new research has revealed.

A study by uSwitch has found that despite price cuts causing the average debt to drop by £8 to £123 per household, six per cent more people are in the red with their energy supplier than last year.

Collectively, this means UK consumers owe a huge £637 million to energy providers, £159 million more than last year.

The average household energy bill is now £1,353 per year - £100 more than last year and £831 more than in 2004.

Unsurprisingly then 41 per cent of those in debt owe more than they did last year, with only nine per cent owing less.

Ann Robinson, director of Consumer Policy at uSwitch.com, says: "The soaring number of households in debt to energy suppliers is a clear indication of the pressure people are coming under just to meet the cost of their basic bills.”

Combined with increased food and fuel prices, the increase in energy bill debt in putting Brits under more financial stress than ever before - causing some to dip into the red with their banks.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801568857-ADNFCR



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