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Steadily rising household bills are a cause of concern for Britons as well as the UK government. Energy price rises are already the talk of the town but beyond that also there are factors that need to be considered to get cheaper household bills. Today, let us glance through some of the common mistakes that we make that pump up our monthly budget and household bills. According to Full Fact, UK’s independent fact checking charity, when compared to the 2010 UK homes paid an amount of £883 extra on energy in 2016. To clarify things this was the additional amount they paid for using the same amount of energy they used in 2010. In addition, the Big Six energy suppliers are on a price rise spree making things more difficult in the coming future. Apart from the energy price rises, there is a 2% increment in the average water and […]

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The Big Six Energy supplier SSE suffered a big blow when Ofgem decided to scrap the energy network subsidies. The company suffered a total loss of £150m on energy network projects but still has a reason to keep its head high as it is considered to have one of the highest profit making firms in the retail arm of UK energy supplies. Although, it has warned its investors to be prepared for a knock in the company’s operating profits this year, it still manages to get astronomical profits in power generation and retail energy supplies. The gas and electricity supplier also aces in offering retail services in the fields of metering, broadband, boiler cover, electrical wiring and more. A strong market hold in these fields allows it to enjoy good profits and remain stable amidst such big losses. However, the UK energy supplier does not fare well when it’s about offering […]

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Amidst the energy price rises announced by the Big Six energy suppliers, there are some gas and electricity providers that want to make a difference. Economy Energy, an independent gas and electricity supplier has proposed the cheapest energy tariffs for customers who are bogged down by the expensive standard variable tariffs. The company that offers the Pay as you go and Direct Debit methods of getting cheap energy bills now announces some really cheap energy tariffs. The best part about this announcement is that it is right ahead of the autumn and winter months that are famous for raising energy bills to astronomical heights. With the announcement, you can expect to save hundreds of pounds on your energy bills and still keep your home warm and cosy. The UK energy supplier has always been considerate towards its customers and has provisions like emergency credit and family credit to offer uninterrupted […]

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The UK energy market has been in the news for the energy price rises made by the Big Six energy suppliers. It has received flak from all over including from the UK government and the energy regulator Ofgem, which hinted on declaring a severe energy price cap in the near future. However, the dominating Big Six energy suppliers seem to show no concern towards the energy customers. They keep declaring energy price rises one after another. The recent one being British Gas which increased its electricity prices by a huge 12.5%. With the monopoly of the Big Six energy suppliers, who occupy almost 80% of the energy market, a big mass of the Britons find it difficult to get cheaper energy deals. With limited government intervention, the ball is now in the UK energy customer’s court, which can actually make a difference in their own life by switching UK energy […]

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The UK energy market is full of small and medium energy suppliers but, the Big Six gas and electricity suppliers are still ruling the game. As the Big Six occupy a huge market share (80%), their domination on the energy arena is quite natural. However, things are getting worse as the Big Six keep announcing energy price rises. To combat this insensitivity of the suppliers in power, experts suggest customers to choose smaller energy suppliers. As these companies are relatively new in the market, they offer better prices to sustain in the game. There are many more reasons why switch to a smaller energy supplier is the key to finding the cheapest energy prices in UK. Top five reasons to switch to smaller energy suppliers: Cheaper energy deals: Well, a smaller energy supplier needs to survive in the business and so it offers cheap energy to attract more customers. Customer […]

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Are you fed up of the energy price rises made by the Big Six energy suppliers? Have you made up your mind to switch to smaller energy supplier? Well, if you have decided to make a switch to cheaper energy provider in UK and if that happens to be a relatively smaller energy supplier then there is more to dig into. Not every cheap energy supplier is the best energy provider in UK. Therefore, check some pros and cons of switching to cheaper gas and electricity providers and then start saving. Checklist to follow when switching to smaller gas and electricity suppliers: The bill is not the only consideration: Most of us aim to switch energy suppliers to avoid gigantic energy bills that literally shatter our monthly budget. However, it’s not just the energy price but also the services that matters. Therefore, choose a supplier that offers cheaper energy deals […]

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