9 November 2010

Energy debt levels continue to rise as the latest figures show consumers are still struggling with the impact of the last price hike in 28.

Energy debt levels continue to rise as the latest figures show consumers are still struggling with the impact of the last price hike in 28.

Energy debt levels continue to rise as the latest figures show consumers are still struggling with the impact of the last price hike in 28.

To help with energy bills it is recommended to compare providers to make sure you are getting the best rate currently available on the market.

The Ofgem quarterly debt and disconnections report revealed the average electricity debt has increased by 15 percent to £36 and the average gas debt has risen by 14 percent to £37.

There are 1.9 million energy customers in debt and this is likely to get worse as it does not take into account those in the red on their bills.

A further 21 percent increase was reported in the number of customers with gas debts over £6 in quarter two, 21.

"As British consumers potentially face another year of energy price hikes, what this report tells us is that many are still struggling to deal with the impact of the last round in 28," said Ann Robinson, uSwitch.com director of consumer policy.

"Now that prices are expected to be on the rise again the knock on effect will be even more households falling into debt as they struggle to play catch up."

This is in comparison to 28 where energy prices rocketed by 42 percent and 6.5 million households owed money to their energy supplier.

Compare Energy Providers

Changing energy providers to take advantage of a better rate could save you a considerable amount on your monthly or quarterly bills.

However, as providers change their rates frequently it is hard to stay on top of the best deals and whether what you are currently on is still the best for your energy needs.

Money maxim offers a unique service called an energy monitor - if you compare the market through their site it lets you know when the market changes and when your current deal is no longer competitive.

Compare Energy Providers with Moneymaxim