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Ep - 44 Don't pay too much for energy
Manage episode 365015737 series 3426902
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The sun is shining and energy bills are on their way down in July. Now is the time to check we are not paying too much each month. Energy companies increased our direct debits by an average of 60% between February and April and have not reduced them to take account of all our energy-saving. They are holding billions of pounds that belongs to us. It is time to claim it.
Now as unit prices for gas and electricty are reduced by 17% we should be making sure that the monthly payments are reduced.
Standing charges are now £300 a year before you use any gas or electricity. If your home is tiny and well-insulated you might be better off with an energy company that does not have a standing charge.
Watch out for fixed rate offers from your energy company, who can buy gas at a fraction of the price they were paying last year, but make sure the deal is cheaper for you and not a boost to their profits.
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