Prepayment meter price cap

Thanks to OFGEM, from the 1st April 2017 the rates a supplier can charge a domestic prepayment customer will be subject to price caps which will be reviewed every six months.  It is hoped that this will protect consumers who choose to pay this way from extortionate differences between prepayment and credit meters.

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Prepayment Debts

The Debt Assignment Protocol (DAP) is the term that suppliers use to transfer debt between one another when a prepayment customer seeks to switch their supplier.  Many suppliers can now offer to transfer debt up to £500 per meter which allows customers to get a better deal on their energy whilst still repaying any outstanding balances

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Uswitch hiding the best deals

The Sun has reported that Uswitch has been again been hiding the best deals from some energy consumers costing them up to £120 per year.

Labelling the site as “Dodgy”, the Sun also quoted MP Dan Poulter: “Two years ago uSwitch were caught hiding the cheapest deals and were told to put it right by MPs and energy regulator Ofgem. It’s an outrage they’re doing it again.”

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