'Tackle bill defaults or miss out on cheaper energy', site warns
Homeowners have been urged to tackle defaults on their energy bills or risk missing out on the chance to make savings in future. Under existing rules, customers who fall behind with their payments for gas and electricity are prevented from switching provider. This means that they could miss the chance to secure a cheaper deal from an alternative energy provider. Sean Gardner, founder of MoneyExpert.com, said: "With wholesale energy prices increasing, it's inevitable that gas and electricity prices will rise again, so we anticipate large numbers of people to look to switch to the most competitive deals once that process begins."However if you've missed a bill you won't have that luxury and could be hit with price hikes that you just can't avoid. The only way to release the shackles is to pay up and move on."MoneyExpert.com calculates that 726,000 people have missed a gas or electricity bill in the last six months.
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