Britons wasting money and energy

Yet most worrying news in the moneysupermarket.com report is that consumers are aware of the debt they are incurring by leaving items on energy inefficient modes yet still refuse to switch off.

Saving energy is more likely than ever to lead to a reduction in debt because there have been over a dozen price increases this year from the ‘big six’ providers, moneysupermarket.com said.

Remembering to switch off lights and unwanted electrical equipment could prove to be a useful part of any debt management plan and the website urged action.

Paul Schofield, head of utilities at moneysupermarket.com, said: “Being energy efficient doesn’t mean taking drastic action such as installing a wind turbine in the garden; it can be as simple as switching appliances off fully instead of leaving them on standby or swapping to a green electricity supplier.

“Not only could you be saving the environment, but saving money on energy bills as well.”