More then 78% of UK consumers are planning to cut back their spending in the New
Year however saving does not mean that you have to cut back on the simple luxuries in life like going to the cinema.
It is entirely possible that by switching energy supplier one could save over 400 a year. Such a saving would equal four cinema tickets every month of the year or a three course meal every month of the year! Tom McLennan, head of Which? Switch says Saving money doesn't mean sacrificing the things that you enjoy Instead of months of missing out trips to the cinema, eating out or your morning coffee, you could save hundreds of pounds in minutes by checking that you're on the cheapest possible energy tariff.
If you do decide that you want to check the cheapest gas and electric tariff for yourself this is easily done by using an energy comparison site and switching supplier. All you have to do is find the right supplier and tariff for your needs and then sign up. In terms of how much you could save depends on factors such as the amount of energy you use and where you live. The big suppliers set their prices on a regional basis hence to get an accurate idea of how much you can save you need to do a postcode search.
You may ask yourself that if you do decide to try to find the cheapest gas and electric tariff for yourself whether you have actually made the right choice. The reason being that there are now so many different tariffs to choose from that working out whether you want green energy or paperless billing or a dual fuel deal can be quite a headache. However the good news is that using a switching service allows you to compare all the deals in your area and sign up online too.
Another common question is if one can still switch to the cheapest gas and electric supplier if they are still in debt with their current supplier. Well, if you owe your current energy supplier money it has the right to stop you from switching and making you clear your debt before you can move to a cheaper provider. If you pay by direct debit the outstanding balance will be taken from your account when you switch. However, if you really are struggling to pay your energy bills you should get in touch with your supplier and explain your situation.