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Energy suppliers overcharge British households by over £1.5bn

HeatingSave Building Energy Management System

Millions of households across the UK could be owed a total of £1.5billion from their energy suppliers, new research by uSwitch has recently suggested.

Following one of the mildest winters on record, households in credit could be owed roughly £132 each, with 9 per cent able to claim back over £200, the report has revealed.

Home owners or renters who are paying gas and electricity bills by direct debit could find themselves in a position where energy suppliers have over-estimated the amount of energy they expect to be used. In this case, the account could be in credit, meaning that account holders have paid out more than they needed to.

Suppliers have their own procedures for credit claims, with some, but not all, offering automatic refunds.

Tom Lyon, of uSwitch, said: ‘After one of the UK’s mildest winters on record, millions of consumers may well have paid out hundreds of pounds for energy they simply didn’t use.

‘Under Ofgem rules, providers must repay any credit on request, so now is the time to read your meter, update your account and reclaim what you’re owed.

‘Today’s findings underline why providing regular, up to date meter readings is so important – it’s the only way to make sure you only pay for what you use and avoid the risk of falling into significant credit or debt.’

HeatingSave – helping you drive down your energy bills and prevent overcharging

Building Energy Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.

If you’d like to find out more about the savings enabled by the HeatingSave Building Energy Management System, just contact our dedicated product team, they’ll be more than happy to answer all of your questions and queries.

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