Martin Lewis shared a crucial new warning to everyone paying their energy bills by direct debit during an appearance on This Morning earlier this week. The consumer champion explained to viewers that direct debit is still the cheapest way to pay for gas or electricity bills and anyone thinking of cancelling should be prepared to pay more.
Martin responded: ‘At this time of the year you should have minimum credit. Now, £2,500 in credit sounds a lot but I have to say it does depend on what your bills are. “I would make a formal complaint asking them to justify why you are so much in credit and unless you get a decent justified answer, I would then take them to the energy ombudsman.”
He explained: “Direct debit is the cheapest way to pay, payment in receipt of bills can be six or seven per cent expensive.