Budget 2015: Three Easy Ways to Manage Your Utility Bills
Since the 2015 Budget announcement came out of that little red briefcase on Wednesday (18 March) everyone has been talking about money and saving for the future.
If all the chat has got you thinking about your financial future, an easy way to save money fast is by looking over your utility bills and taking action to make sure you’re not paying over the odds. Here’s how.
Check your tariff
Your energy bill should tell you what tariff you’re on and also give details of your supplier’s other tariffs. Is the listed tariff the one you expected? If you don’t recognise the name, it may be because you’re fixed rate tariff has come to an end and you’ve been rolled over to your energy company’s standard variable tariff, which is unfortunately the most expensive rate.
Switch your tariff or energy company
With an average difference of £235 between the most expensive and cheapest energy tariffs available on the market, now’s the time to compare gas and electricity rates.
If you’re one of the 70% of households on a variable energy tariff, you could save £235 a year on your energy bills by switching to a fixed tariff*. It is this disparity which led First Utility to call for the industry to scrap the variable tariff which it claims could collectively save customers £3.4 billion a year.
As a way of trying to engage more people to switch and save, the government kicked off new campaign called ‘Power to Switch’ to raise awareness of the benefits of switching energy tariffs or energy companies. Visit the campaign website at www.goenergyshopping.co.uk for personal advice on whether switching is right for you and take a look at our guide to how to switch energy provider.
Get on top of meter readings
By submitting regular meter readings to your energy supplier, you can be sure that the bills you receive are accurate and you won’t end up paying too much or too little. Simply make a note of the numbers on the front of your meter once a month and give them to your supplier.
Find out how to read your meters and then submit your readings to your supplier over the phone or via your online account. Most energy companies have an automated telephone service where you can leave your readings without waiting in line to speak to a customer service representative.
Remember, if you’re struggling to pay your utility bills your supplier is there to help you. You may also be entitled to home energy grants, so it’s worth checking your eligibility. Find out more in our guide to home energy grants.
*Based on the difference between the average big six variable tariff and the cheapest tariffs on the market at medium consumption.
About First Utility
This guide was supplied by First Utility, the UK’s fastest growing and largest independent energy supplier. Offering an alternative to the ‘Big Six’ providers it is committed to helping the UK reduce its energy bills by offering some of the cheapest gas and electricity tariffs, helping customers use less energy through the use of innovative technology and campaigning for industry change.
The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.
Latest posts by Sally - Silversurfer's Editor (see all)
- Will you download the tracing app when it becomes available? - June 3, 2020
- Learning Resources® educational toys and games - June 2, 2020
- Win a £50 National Garden Gift Voucher - June 1, 2020
- Win a Year of Freedom Membership with Hochanda! - June 1, 2020
- Win 3 months’ of tails.com food for your dog and 3 months’ of flowers for you! - June 1, 2020
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!