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How to Save Money on Your Energy Bills

How to Save Money on Your Energy Bills

If you're like most Brits, the last few years have seen you making some major changes to the way you spend and save money

. Indeed, devising - and sticking to - a financial budget seems to be the way to go these days. Yet, even with a carefully calculated budget plan, you could be overlooking some of the simplest methods of saving money. What's more, many of these money saving opportunities could be found right in your own home.

For example, many individuals and families alike have come up with ways to save on their energy bills one of the most prominent ways is to cut down on energy usage. However, while conserving energy is an effective way to cut down on bills, there are various other ways to save one of which is to switch to a provider with more competitive rates. Ever since 1999, UK energy customers have had access to an open utility market, meaning customers can switch to other energy suppliers, free of charge. What's more, the internet now makes it easier than ever to compare provider costs and find a competitive service so there's no reason to stick with an overpriced energy service. In searching for a provider, you might consider looking into capped or price protected tariffs that will fix your energy bills for a set number of years. While such tariffs are usually priced a little higher than standard prices, they ensure your costs won't change for a determined amount of time which also means you won't have to switch providers every time there's a price increase for energy. However, you'll want to make sure you're not contracted to stay with any capped energy tariff, and that you won't face penalties for cancelling your service, switching suppliers, or opting for standard (non-capped) rates.

Another way to save on energy bills is to opt for direct debit payments. Because payments are spread equally throughout the year, suppliers are often willing to offer special discounts to customers who pay by direct debit. Along similar lines, signing up for paperless billing (and opting for online billing) could save you on your bills. Becoming an online customer means you can record your own meter readings online, which means you won't have to overpay on estimated bills. You'll also save your supplier on admin costs, paper, postage, and technician meter readings.

So, in addition to cutting down on energy usage, consider all the other ways in which you can save on your energy bills. By taking advantage of different money saving opportunities such as cheap electricity and gas, you're sure to get the most out of your budgeting efforts at home.

How to Save Money on Your Energy Bills

By: Paul Buchanan
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