As part of our Time for Summer campaign, we want to provide you with the support you need, including money advice to help you save.
Do you shop around to save money on your bills?
As energy prices are set to rise in the Autumn, now is the perfect time to look at switching tariffs and suppliers, as well as looking into discounts and schemes that you may be eligible for.
Switch your energy
Most people don’t realise how much they can save on their bills by switching their energy supplier, or even just checking that their supplier is offering the best tariff.
By staying with the same company, you may be spending more money than you need to be on your energy bills.
If you are currently paying for your energy via a Pre-Payment Meter or Card, then you could make a substantial saving by switching to a monthly direct debit tariff. If you are currently claiming Universal Credit this can be set up in line with your monthly payment.
There are many different websites that you can use to shop around to find the best price, that will let you check and compare prices with other suppliers, and switch to the best tariff and supplier, if you choose to do so. Here are some price comparison sites that you could use:
Savings results will be underestimated when you do a comparison, but don’t let that put you off switching to beat the price hikes!
Before you look to switch, always check if your current contract has an exit fee. You could be charged if you leave a supplier before your fixed tariff contract ends. This is called an exit fee. Check your bill or online account to see if you have an exit fee.
Discounts on your bills
A scheme that you may be eligible for to help you save some money on your energy is the Warm Home Discount Scheme.
This could mean £140.00 off your energy bills over the winter period!
Many energy companies offer the scheme, but not all. It’s something to consider and always check for if you’re thinking about switching energy suppliers, as you may find a cheaper deal elsewhere, but they may not offer the discount scheme.
For more information on this scheme and to check if you are eligible, click here.
Not only is it worth shopping around for the best deals for your energy, but you should also do this for your other bills, including your internet.
BT is offering the BT Home Essentials Tariff, a broadband package for customers who receive Universal Credit and other means tested benefits. This new package offers fibre broadband and calls for £15 a month.
For more information and to check if you are eligible, visit the BT website, here.
If you would like more support or information on switching your energy suppliers, contact our Money Advice Team.
For more support and fun this Summer, find out what else we have on offer as part of our Time for Summer campaign, here.