You are here: Home - Household Bills - News -

Cancellation penalties on the rise

0
Written by:
06/06/2008

Energy customers have been urged to check the small print before signing up to a capped deal for the next 12 to 18 months.

Energyhelpline, a price comparison site, has warned consumers who sign up to a capped deal could be subject to a new trend among providers for cancellation penalties. Mark Todd, director of Energyhelpline, commented: “We thought that we had seen the end of the dreaded cancellation penalties, but now they are back.

“Thankfully, these charges don’t apply to all capped tariffs – today’s two best deals, from nPower and E.ON, remain penalty free.

“With the energy crunch in full swing, capped tariffs are the only way for consumers to safeguard their finances for the coming year. However, we’re urging consumers to check there’s no catch to their deal before making the switch”

Related Posts

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Bank’s upcoming rights issues attract attention

Two-thirds of eligible TD Waterhouse investors have chosen to take advantage of the RBS rights issue announced last month.

Close