With just four weeks until most people reach for the thermostat and turn their heating on, new advice from MoneySuperMarket reveals we can avoid a winter of unnecessarily expensive bills by switching suppliers and saving hundreds of pounds in the process.
Since the start of the year, over 100 fixed-rate tariffs have ended, meaning thousands of homeowners who took no further action will have automatically rolled onto standard-variable tariffs and, without realising, face huge bills to heat their homes this winter. The latest stats show that it takes on average 21 days to switch supplier, meaning that with some great fixed deals currently on the market, those languishing on expensive tariffs could switch before the central heating goes on and save themselves over £303.
According to the energy regulator Ofgem, more than 50 per cent of UK households are on a Big Six supplier standard tariff, which is currently £303 more expensive than the cheapest tariff, so it’s worth shopping around to see what’s available.
Stephen Murray, energy expert at MoneySuperMarket, said: "Energy bills have been steadily rising since May and we may even see other suppliers following in the footsteps of Co-op Energy and others by hiking their prices. It's crucial that bill payers act now to save money this winter. It takes five minutes to switch."
- See how much you could save on energy bills now using Yours Energy Switching or call 0800 008 7777.