Switching suppliers ‘often increases energy bill’

Millions of consumers looking to find a debt solution find household bills difficult to pay of and many people are unwittingly switching to more expensive deals, researchers from Oxford and East Anglia universities have concluded.

In response to the findings of the recent study, which have been presented to the Royal Economic Society conference, a number of Liberal Democrat MPs have suggested that the government ought to be doing more to simplify tariff systems relating to household fuel bills.

“Households already struggling with increasing levels of domestic debt and rising mortgage payments should not have to deal with the extra headache of trying to understand complex pricing systems,” Liberal Democrat Energy Spokesperson, David Howarth MP made clear.

Figures form Credit Action released earlier this month put average household debt levels in the UK at around £8,793, excluding mortgages and the country’s overall debt management mountain at £1,310 billion.