British consumers are missing out on energy deals that could save them sizable sums of money on an annual basis, it has been claimed.
Millions of people are hindered in their efforts to become debt free because of inflated energy bills, but the market is a competitive one, according to Graham Self, director of UKPower.co.uk.
The comparison website’s director insists that fear of the unknown can be a deterrent in this regard and can prevent people from exploring their energy supply options and making significant savings.
“Some people don’t know what is involved [in changing their energy supplier], they wonder if they are going to have o have someone come round to their house to change pipes and wires.
“There is a bit of naivety about how it actually works. It’s not like car insurance, for example, where people automatically shop around.”
A study of the energy sector by the Ofgem watchdog group discovered that around four million UK consumers changed their policy over the course of last year.