Switching energy providers ‘could help debt management’

Consumers may be able to manage their debt levels better by switching to more competitive online energy plans for their homes.

According to uSwitch.com, these products are approximately £300 a year less expensive than standard plans, which means householders could knock around 24 per cent off their bills.

And they could get cheaper still in the coming months, with the firm stating in January that npower had reignited a price war in this area.

Paying by direct debit can also get the cost down by up to £100, with a large number of energy suppliers offering discounts for transactions carried out in this manner.

Energy expert Will Sharples commented: “We can all give ourselves a substantial price cut on our energy bills today.

“Moving to dual fuel, paying by direct debit and signing up to an online plan will all help save money.”

The remarks were made as the online switching service warned the annual energy bill facing the average consumer in 2010 is £1,239, which is 36 per cent more than the company was predicting at the same time two years ago.

By Chris Trimble

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