Martin Lewis issues 'now' warning to anybody in credit with energy company

Martin Lewis has issued an energy bill warning - saying now is the "perfect time". The BBC Sounds podcast host spoke out on his latest episode, which dealt with whether the time was right to be in credit with your energy company or not.

Mr Lewis told listeners to his BBC podcast now is the "perfect" time in the year to check if they are needlessly in credit on their bills. He explained: "If you’re in credit, get your money back right now. This is the perfect point in the direct debit cycle for doing that."

ITV regular Mr Lewis said: "If you’re in credit and you tend not to build it up, at this point in the year, this is the time to get in touch [with your supplier] and say: 'This is the bottom of the direct debit cycle, there’s no way I should be in credit right now, I’d like you to give that credit back please.'

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"You might want to leave a little bit with them, half a month’s worth of direct debits, but if you’re two to five months worth of direct debits in credit right now, that’s too much, get that money in your pocket.

"Stop them earning the interest, they have billions of pounds of our cash they earn interest on, when that is our money." Citizens Advice explains: "You can claim credit at any time. But you should probably leave money on your account during summer and autumn to cover higher energy costs in winter.

"Before claiming back any money, think about: whether you're likely to have higher energy bills in the months ahead." It then added: "If the amount you’re owed is more than the amount you pay as a monthly direct debit, you might want to claim back the difference."