@AuditAngel
I am in a similar position. My recent bill told me I was in credit for electric which I didn’t believe for one minute, when I checked my estimate is that I owe £9,000
Our previous supplier went bust and we were transferred onto British Gas. I know we were previously on a fixed rate deal and the unit charges were a lot lower. I guess I need to find out when the meter was last read.
This is really worrying me. I can’t pay £9k, but I could make a significant payment and I’m hoping they would be willing to work with me. I also hope that as most of it is likely to be pre-British Gas era they will be more flexible,
Yep, it sounds a bit like you were offered an artificially low quote by another energy firm, to tempt you into moving. We got offered £48 a month from one energy firm, (who have now gone under,) when BG were charging £87. (For duel fuel - gas
and electric.) I thought 'but we will still be using the same amount of electric and gas, so how can they undercut by a third?' I didn't trust it. So we stayed put.
I know a number of people who went to another firm and were quite smug at how their 'dual fuel' had dropped from around £110 a month to around £55, and OURS was costing £85-90. (Some 2-4 years back.) The energy company(s) folded last year and they are now between £700 and £1500 in debt. Their new quotes are around £250 to £300 a month. Not only do they have 50% added onto their energy bills, but also, the debt needs clawing back.
Our joint cost now(the NEW price,) for gas and electric is £125 a month. £75 electric and £50 gas.
Several years ago, DH's cousin and his wife were super smug when their joint energy was half of ours, and said we were 'fucking stupid' to not switch.
They are £1800 in debt after their energy company folded. And their joint energy bill is £315 a month. He's not so smug now. (We are a bit though. Especially after he roasted us and called us stupid for not switching.)
Martin Lewis gives a lot of good advice, but he was hugely wrong about this. The energy companies, tempting people (with artificially low offers to switch,) and Martins' advice, and virtual INSISTENCE that people switch energy companies, (and shaking his head in dismay at people on his show who said they haven't done it,) has forced a lot of people into debt.