ENERGY SAVING TIPS “After the record-breaking British Gas price increase, more energy providers are expected to hike their gas and electricity prices in the coming weeks..” Article by: Scott Byrom.

Two weeks on from British Gas’s record-breaking price increase that saw its gas prices sky rocket by 35%, industry analysts are widely predicting more movement in the market.

With EDF Energy having already increased its prices by 22% for gas and 17% for electricity, Scottish Power, Npower, Eon and Scottish & Southern Energy are expected to announce increases of their own, possibly within the next few days, leaving consumers scrambling to find the best deals.

However, most consumers are caught in a catch 22 situation – the temptation is to fix, giving yourself protection against further prices increases but with the average fixed price tariff costing around £1,200 compared to the average online variable rate deal at roughly £850, many are prepared to hold-fire and wait to see what happens.

With rumors that energy prices could increase by 60% over the next few years the emphasis is on the consumer to search for the best deals and do everything they can to drive their energy costs down.

Compare tariffs from UK gas and electricity providers now

*Prices quoted are accurate at time of writing.

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With energy bills at record highs and further increases looking increasingly likely, it’s more important than ever to ensure you’re not paying more than you need for gas and electricity. And did you know that switching provider could not only save you money, but help the environment too?

Consumers have already been warned that gas and electricity costs could rise by another 40% before the end of the year. Energy bills have already risen by an average of 15% this year and further increases will be terrible news for millions of consumers already finding it hard to make ends meet.

Around 60% of households are still on their provider’s standard tariff and with life becoming increasingly tough because of rising living costs, it has never been more important to ensure you are not paying more than you need for any of your utilities or other home services. And despite energy prices being at record levels, anyone on a standard tariff who still pays quarterly could save money by switching to a cheaper alternative.

Online tariffs offer the best value – the average household could save £265 a year by switching from Scottish Power’s standard dual fuel tariff to British Gas’ Click Energy 5 product. However, if you fancy changing supplier and helping the environment at the same time, the green tariffs offered by five of the six major energy firms are also cheaper than their standard deals (see below).

Why go green?

The table below illustrates how the main energy providers’ online deals compare to their green tariffs.

Source: www.moneysupermarket.com

The second table illustrates that savings can be made by switching from a standard to a green energy tariff.

Green tariffs offer a great alternative for eco-friendly Brits and our research shows it doesn’t cost over the odds to go green.

To compare Green energy deals click here

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Click here to compare tariffs from UK Gas and Electricity Companies

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