How to reduce energy bills?Many people want to know how to reduce energy bills. Energy prices are due to increase, by up to 40% by early 2009. There are many things you can do to reduce your bills including;
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1 in 10 people in the UK are in fuel poverty and can not afford to keep warm in winter. The average household spends £1000 on energy each year (June 2008). This may increase to £1400 with predicted price increases Britian has one of the highest energy bills, compared to most countries. One of the reasons for high energy bills is that we can only store enough fuel to produce two weeks supply of energy, so we have to purchase fuel what ever the price. Some countries have the facilities to store their fuel for up to three months, so if the price increases they can wait for the price to fall again. What is the easiest way to compare energy prices?There are many energy price comparison sites in the internet. These sites will compare energy suppliers and give you information on savings, how much it will cost per year and type of energy. They will require some simple information including postcode, present supplier, how many bedrooms, how you pay your bills and the amount of gas and electricity used. The information from the price comparison sites will let you know how much you could save, which energy supplier is the provider, the type of energy whether it is green energy or standard. With most of these comparison sites you can even switch online. The price comparison sites will give you an option if you want capped rates, standard or green energy rates. What is a capped or fixed rate?With energy bills due to rise, it may be worth looking at a capped or fixed rate energy tariff. With a capped tariff will know how much you will be paying for your bill for a set period of time, usually 2 – 3 years. Even if the energy price increases you will be on a fixed rate. In the long term this may reduce energy bills. Capped rates are normally 10-15% more than present prices, but if the energy bills rise at the rate predicated, you many soon be saving money. If you are interested in a capped energy bill, it is worth transferring as soon as possible. As the energy prices increase the capped rates will increase and the best offers will disappear. Search our site
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