Energy Bills Cut But It’s Not Enough

Whilst the ‘Big Six’ Energy providers have cut their energy prices, the cut in energy bills for consumers is not enough and many struggle to pay.

According to research from moneysupermarket.com, nearly 80% of Brits struggle to pay their utility bills and don’t use their heating as much as they would like to, worrying that they can afford to pay for what they do use.

Scott Byrom, utilities manager at moneysupermarket.com, said It’s clear the high energy bills we saw over the coldest winter for 30 years were far beyond what many Brits can afford.

While we have seen providers beginning to reduce their prices, these cuts have unfortunately been a drop in the ocean, and to add insult to injury most of the price reductions announced recently don’t come into effect until the end of the month, once the worst of the cold period is well and truly over. With energy bills coming down by just 5.8 per cent on average, consumers will need to see further reductions before they can afford their bills.”

He added “Rather than wait for further price cuts, customers need to be proactive and start making their own savings, by voting with their feet and swapping away from their current deal. Switching to an online pay monthly tariff could save on average £260 per year compared to the standard quarterly tariffs. Effectively, this would mean an immediate 22 per cent price cut to your annual bills.”

As well as making sure you have the best energy plan to meet your specific needs, you can also help to save money on your gas and electricity bills by reducing your energy consumption in a managed way. For example, you can help by insulating your loft, lowering your washing machine temperature and turning appliances off.