Tuesday 30 September 2008

Do you have cash to burn?

Switching suppliers can save you money but simple things can also help. UK Energy Saving suggests turning off the tap, lowering the thermostat by 1 and filling the kettle with only the water you need.

The Energy Saving Trust will give you a home energy check, which may save you up to £270 a year. For an online report, visit www.energysaving trust.org.uk, or call 0800 512 012 for a paper version.

High domestic fuel prices mean there's one financial certainty this winter - it's going to cost a bomb to keep warm. Shopping around for the best fuel tariff now, however, can give householders the best chance of keeping their energy costs as low as possible.

No amount of home insulation is going to protect you from high bills if you are stuck on an expensive tariff. And come January 2009, it's likely that consumers may face further price hikes from the energy companies so it will pay to plan ahead.

If your budget is already feeling the strain, consider fixing your fuel price for a few years. Capped or fixed-price tariffs work by guaranteeing your monthly or quarterly bills won't rise for a set amount of time. A key drawback, however, is that you won't benefit if prices fall during that time without pulling out of the deal and paying a penalty charge.

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1 comment:

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