- Just three energy suppliers in the UK are responsible for over 70% of all forced installation of prepayment meters, according to a report by the UK government.
- Prepayment meters allow energy companies to collect payment upfront before supplying energy, often used as a debt management tool.
- The government has raised concerns about the potential impact of prepayment meters on customers, including higher costs and lack of payment flexibility.
The UK government has released a report that shows just three energy suppliers are responsible for over 70% of all forced installations of prepayment meters. Prepayment meters are often used as a debt management tool by energy companies, allowing them to collect payment upfront before supplying energy to customers.
The report has raised concerns about the potential impact of prepayment meters on customers. One of the main issues is higher costs, as customers who use prepayment meters often pay more for their energy than those who use traditional billing methods. Another concern is the lack of payment flexibility, as prepayment meters require customers to pay upfront and often have limited payment options.
The government is calling for increased transparency from energy companies about their use of prepayment meters, as well as better protections for customers. The report also recommends that energy companies provide customers with more information about prepayment meters and the potential impact on their energy bills.
The three energy suppliers responsible for the majority of forced prepayment meter installations have not been named in the report. However, the government has said that it will continue to monitor the use of prepayment meters by energy companies and take action if necessary to protect customers.
Source: Gov[Dot]UK
