If you’ve seen your energy bills heat up recently, a bright idea might be to shift your account online. A recent poll on moneysupermarket.com revealed that the majority of consumers believe they are paying too much for their gas and electricity, and that recent price increases were totally unjustified.
Five of the big six energy firms - British Gas, EDF Energy, Eon, Npower and Scottish Power - have increased their gas and electricity prices by an average of 15% since the beginning of the year. The typical household now pays more than £1,000 a year for energy - up from around £650 three years ago.
What should you do?
The message is simple - move to the best deal you can. Despite the recent price increases, there are still significant savings to be made.
Six out of ten households have never changed their energy provider and are still on the standard tariff paying quarterly by cash or cheque. By switching to an online tariff and opting to pay monthly by direct debit, the average household could save up to £260 a year.
Which provider works out to be the cheapest, will depend on your consumption and whereabouts in the country you live. A gas and electricity comparison tool should identify the cheapest deal in your area - but here is an indication of how the providers compare:
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