How to escape the higher household bill trap - Four strategies to beat the £8bn 'default' bills sting
by Jane Lucy | June 25, 2018
By switching deals you can boost your annual household budget and if you don’t have the time or patience? Eliminate the hassle by joining the Labrador - who can arrange regular switches on your behalf.
'Complexity works to the supplier's advantage. This means people are overpaying billions of pounds every year’ says Labrador’s Jane Lucy. What’s more, customers relying on Ofgem's 'price cap' to be introduced later this year should not assume they will be protected from overpaying. There will still be a sizeable gap between the cheapest and most expensive tariffs.
With many suppliers again hiking their prices, now is a good time to revisit home energy and unlock savings to spend over the summer holidays.
Read the full article here.