Energy bills going through the roof? Switch suppliers – it’s easy when you know how

You needn’t get stuck with a high energy tariff – changing supplier could save you up to £200 a year.

Rising bills can mean a big chunk of your household budget goes on essentials such as gas and electricity.

Simply switching your supplier could mean big savings without much effort.

Yet two-thirds of people have never switched their energy provider which the regulator, Ofgem, reckons could save households about £200 a year.

That kind of saving could make a tidy contribution towards, say, redecorating a room in your home.

Most people can switch energy suppliers – even if you have a prepayment meter with debts of up to £500. If you change your mind, you have a 14-day cooling off period.

Follow the simple steps below to see how soon you could make a saving.

The process of switching providers has been made easier by the new Simpler, Clearer, Fairer rules brought in by Ofgem in March 2014.

Find more tips about saving money on your gas and electricity bills. from the Money Advice Service.

All information accurate at time of publication

This article is provided by the Money Advice Service.

Money Advice Service


More articles...

What will happen to house prices in 2022?

What will happen to house prices in 2022?

Find out...

Go to article
The 10 most in-demand rural locations for buyers

The 10 most in-demand rural locations for buyers

Find out where...

Go to article
Want to live longer? You might want to move to Detling in Kent

Want to live longer? You might want to move to Detling in Kent

Take a look...

Go to article