Britons could experience greater savings by shopping around for energy providers, it has been suggested, a move which may prevent any potential debt problems from arising.
Head of utilities for comparison website Gocompare.com Mark Greening noted that the assumption that one tariff will suit all customers is incorrect, commenting on the recent reductions made by British Gas of seven per cent.
He said that this move by the company is likely to spur other firms to take similar action, although it is possible that these cuts will not last because of the bad weather and indications from Ofgem that “a price hike will be needed to fund vital infrastructure improvements”.
“It’s up to the British public to turn up the heat by frequently shopping around to ensure they’re getting the best deal,” Mr Greening continued.
His remarks follow warnings from website uSwitch.com that energy bills could reach £4,733 by 2020.
By Sarah Adie