Daily Mail

Why energy firms owe YOU £1.4bn

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Money Mail, April 21 THE energy firm switching system is broken and, after many years, I have given up. I run two accounts — one for my elderly mother and one for myself. Both providers went bust in December, which caused a lot of stress.

G. F., Portsmouth, Hants. ONE firm refused to refund us, even though we were in credit when we switched away. It sent us an unrealisti­c and huge bill, before threatenin­g us with debt collectors if we questioned it.

T. J., Bolton, Gtr. Manchester. THERE should be a law that forbids firms from taking more than what they charge you for the energy used that month. It would prevent large credits accumulati­ng in accounts.

D. C., Torquay, Devon. IT REALLY hacks me off when firms hike and lower monthly direct debit payments. Some of us would rather have a healthy amount of credit building up over the summer — rather than have our payments cut and then increased by £50 later on.

G. T., Lincolnshi­re. PAYING in is easy, but when it comes to getting your money back the whole process seems to be designed to frustrate you. Never give up if a firm owes you money — it’s how they win.

C. S., Kent. I PAY £105 a month but my energy firm wants me to increase this. I appreciate that it’s been cold lately, but surely it should be able to forecast for summer and lower your payments.

G. D., via email. I WENT to Ofgem to get my refund. It took a while, but the provider was forced to pay me the money it owed as well as compensati­on. It seemed to run its business by sitting on customers’ cash.

M. G., London.

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