Switch energy suppliers `to save cash`
8 January 2009
Many consumers, including those who are facing debt problems, could save money by switching their energy suppliers, it has been suggested.
According to LloydsTSBCompare.com, 80 per cent of people have seen a rise in their energy bills this year.
Despite this, the organisation found that over a third (36 per cent) of Britons have never altered their supplier.
It suggests that those who take advantage of price comparison sites to switch firms benefit from average annual savings of £284.
"A concerning 40 per cent of Brits said they don`t know how they will cover their bills if prices continue to increase," warned Steve Grainger of LloydsTSBCompare.com.
In other consumer news, writing on Fool.co.uk recently, Jane Baker advised homeowners who have benefited from recent falls in interest rates to overpay on their mortgages in order to reduce the size of their debt.
Fill in our form for free expert debt advice
Tags: switch energy suppliers, save money, frugal living
Debt & personal finances in the news
Average house price up by 0.9% 3 July 2009
Savings at `record high` 2 July 2009
Households paying off debt rather than saving 2 July 2009
Energy prices rise by 22.7% in a year 1 July 2009
Student loans on the rise 1 July 2009