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Three million Brits to face winter owing energy companies £318MILLION – and many will not be able to pay off debt

NEARLY three million Brits are heading into winter owing energy suppliers a whopping £318MILLION, new figures claim. Switching site uSwitch yesterday laid bare the pain felt by customers – claiming ‘energy debt’ was up nine per cent on a year ago.   The research comes just days before the Prime Minister is expected to confirm […]

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NEARLY three million Brits are heading into winter owing energy suppliers a whopping £318MILLION, new figures claim.

Switching site uSwitch yesterday laid bare the pain felt by customers – claiming ‘energy debt’ was up nine per cent on a year ago.

Getty - Contributor
uSwitch has claimed ‘energy debt’ is up nine per cent on a year ago[/caption]

 

The research comes just days before the Prime Minister is expected to confirm radical plans for a Government-backed cap on energy bills.

An announcement could come as early as tomorrow.

A report by uSwitch claimed that an unseasonably cold August meant Brits had been forced to turn up the heating early.

One in ten households – the equivalent of 2.6 million – owe their supplier £121. Almost a third have no repayment plan or cannot afford to pay the money back.

Claire Osborne, uSwitch energy expert, said households were “paying the price” for a barrage of price rises so far this year.

Alamy
Citizens Advice says vulnerable Brits will have to choose between ‘heating and eating’[/caption]

She urged Brits to shop around for a better deal. “We’re only just into autumn but already millions of households are in debt to their energy supplier.

“A cheaper tariff could mean the difference between shivering through the winter or having a warm home.”

Citizens Advice last week demanded action from the Government on bills – saying vulnerable Brits were having to choose between “heating and eating”.

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Are you one of 4.5million renters missing out on £353 a year from your energy supplier?

MILLIONS of renters could be missing out on savings adding up to an average of £346 a year because they don’t realise they can switch to better energy deals, according to new research. Consumer group Which? believes that 4.5 million renters are missing out on huge savings. This is because most comparison websites automatically show […]

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MILLIONS of renters could be missing out on savings adding up to an average of £346 a year because they don’t realise they can switch to better energy deals, according to new research.

Consumer group Which? believes that 4.5 million renters are missing out on huge savings.

Renters could be missing out on HUGE savings
PA:Press Association

This is because most comparison websites automatically show you the best deal based on annual savings.

Which? has launched a new energy comparison service where renters can compare the best detail based on their tenancy length.

As part of its research Which? found that half of renters have been with their current supplier for more than five years.

While a quarter of renters have never switched suppliers at all.

It believes that enters could be missing out on potential savings of an average of £346 over a year by switching from the most expensive Big Six standard variable tariff to the cheapest deal on the market.

Some tenants are put off switching because of terms in their contracts.

Many include clauses which ask renters to get the permission of the landlord before switching.

But what tenants don’t realise is that landlords should not hold them back from moving suppliers.

How to cut your energy bills now

YOU don't need to wait for the new legislation to get lower bills.

If in doubt, call your provider and ask them to move you to their cheapest tariff.

Better still, use a comparison website like MoneySuperMarket.com or Energyhelpline.com to find the very best deal for you.

The cheapest tariffs are usually found online and are fixed deals – meaning you guarantee how much you’ll pay for a set amount of time, usually 12 months.

Switching to a cheaper supplier could cut your bill by up to £300 a year.

The amount you pay varies depending on where you live and how much energy you use


We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 24516


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Bills

Are you one of 4.5million renters missing out on £353 a year from your energy supplier?

MILLIONS of renters could be missing out on savings adding up to an average of £346 a year because they don’t realise they can switch to better energy deals, according to new research. Consumer group Which? believes that 4.5 million renters are missing out on huge savings. This is because most comparison websites automatically show […]

Published

on

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MILLIONS of renters could be missing out on savings adding up to an average of £346 a year because they don’t realise they can switch to better energy deals, according to new research.

Consumer group Which? believes that 4.5 million renters are missing out on huge savings.

Renters could be missing out on HUGE savings
PA:Press Association

This is because most comparison websites automatically show you the best deal based on annual savings.

Which? has launched a new energy comparison service where renters can compare the best detail based on their tenancy length.

As part of its research Which? found that half of renters have been with their current supplier for more than five years.

While a quarter of renters have never switched suppliers at all.

It believes that enters could be missing out on potential savings of an average of £346 over a year by switching from the most expensive Big Six standard variable tariff to the cheapest deal on the market.

Some tenants are put off switching because of terms in their contracts.

Many include clauses which ask renters to get the permission of the landlord before switching.

But what tenants don’t realise is that landlords should not hold them back from moving suppliers.

How to cut your energy bills now

YOU don't need to wait for the new legislation to get lower bills.

If in doubt, call your provider and ask them to move you to their cheapest tariff.

Better still, use a comparison website like MoneySuperMarket.com or Energyhelpline.com to find the very best deal for you.

The cheapest tariffs are usually found online and are fixed deals – meaning you guarantee how much you’ll pay for a set amount of time, usually 12 months.

Switching to a cheaper supplier could cut your bill by up to £300 a year.

The amount you pay varies depending on where you live and how much energy you use


We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 24516


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Bills

Car insurance bills are rising FIVE times faster than inflation – as premiums hit £755 a year on average

THE cost of insuring your motor has risen to an eye-watering £755 a year – FIVE TIMES faster than the rate of inflation. New figures from Consumer Intelligence found average premiums rose by 14.6 per cent in the last year – way above inflation which stands at 2.9 per cent. There are big regional differences […]

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THE cost of insuring your motor has risen to an eye-watering £755 a year – FIVE TIMES faster than the rate of inflation.

New figures from Consumer Intelligence found average premiums rose by 14.6 per cent in the last year – way above inflation which stands at 2.9 per cent.

There are big differences in the cost of insuring your car

There are big regional differences in the cost of hitting the road.

Londoners and those in the north west now pay more than a grand to insure their car.

But drivers in Scotland and Wales only have to fork out £518 and £573 on average to keep their home on the road.

John Blevins, pricing expert, at Consumer Intelligence, said: “Car insurance claim costs have increased in the past three months, partly because we are driving more technologically advanced cars which cost more to repair, but also because the weakness of the pound means the cost of parts is rising.

“Older drivers are being hit with higher premiums because they are driving for longer and consequently becoming involved in more accidents.”


CRASH COURSE – The car insurance trick that can slash your premium by nearly HALF and five other ways to get the best deal


Under 25s pay on average £1,719 to keep their car on the road
Under 25s pay on average £1,719 to keep their car on the road
Getty - Contributor

Earlier this year, insurance firms launched a clampdown on bogus whiplash claims which adds hundreds of pounds to honest drivers’ premiums.

Older drivers have seen the biggest jump in premiums.

How to keep you car insurance premiums down

DRIVERS up and down the country are experiencing rising premiums. Here's what you can do to keep your costs down.

  • Never auto renew – Always shop around when it comes to renewal time. Insurers rely on you not bothering  and you could knock hundreds off your bill going to a new company.
  • Improve its security – Adding an alarm or immobiliser can help drive down the cost, as will keeping it locked in a garage overnight.
  • Get the correct mileage – Providing your insurer with your correct mileage can really help lower your cost – the less miles you do, the less your premium will be.
  • Pay upfront – If you can pay for your policy all in one go, you’ll get a cheaper deal.

Average premiums for the over 50s rose by 16.5 per cent  – but their annual bills are still the lowest at just £434 a year.

Younger drivers saw their costs rise by 11 per cent – largely thanks to new “black-box” telematics policies –  which reward good driving behaviour with lower premiums.

But those under 25 still pay nearly four times as much as older drivers with average premiums at a whopping £1,719.


We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 24516


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