Age Concern: Pensioners missing access to online energy deals

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Age Concern: Pensioners missing access to online energy deals

Pensioners are losing out by not being able to access online energy deals, Age Concern has warned.

New research by the charity has found that pensioners are the least likely to use the internet to switch energy supplier, with only 16 per cent shopping around online.

In addition, low income households are more likely to pay by pre-payment meter, cheque or cash, which prevents them from using the discounts available for direct debt payers.

Gordon Lishman, director general of Age Concern, called on the government to take action to help the third of pensioner households that are experiencing fuel poverty by ending pricing inequalities.

Age Concern also wants the government and energy companies to reform social tariffs and end the pricing penalties for those who do not pay by direct debit.

This week, Virgin Money warned that pensioners need increased protection against the transfer risks involved in converting funds into retirement income.

It warned that stock market volatility was losing funds their value.

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