Those still paying off their Christmas spending will be disappointed to find that there may be another financial challenge on the horizon. Research has revealed that 57 energy tariffs are set to end this February, which means that many people may be moved onto more expensive rates, if they don’t act now.
As a result of being switched from a competitive fixed tariff to the pricier standard variable tariff, customers could see their energy bills rise by as much as 37%, which roughly translates to an additional cost of £315. Even if you’re not in this worst-case scenario, the average increase in cost is estimated to be £175 annually, so it could be well worth switching to a different deal.
The savings that can be made by moving to a different fixed price deal could well outweigh the increased cost of falling onto your providers’ variable tariff. So, whether your fixed price deal is ending soon or you’re simply unhappy with your current energy tariff, why not compare gas and electricity providers to see what you could save?
What to do to reduce energy costs
1) Check the tariff you are on and the overall deal, change if you can find cheaper.
2) Review your homes insulation, especially the loft area.
3) Have your central heating boiler serviced, this will improve overall efficiency.
4) Seal any drafts from doors and windows.
5) Turn off all unwanted lighting.
Getting help
If your home is not energy efficient it will be costing you far more than it needs to. Are you aware of the grants and subsides that are available from both the Government and energy providers? Many actions you can take to improve your homes energy efficiency can be done in some cases free if you meet the criteria set down. Check on this site to see what assistance you may be entitled to.
If you require any assistance, please make contact and one of our energy saving experts will be happy to help.