The average household in Britain could save around £200 a year by
swapping to a cheaper deal, according to the regulator Ofgem.
£200. That’s a night away
with your partner, a new wardrobe from Primark or 625 Aldi nappies (yep, we did the maths).
Why are so many of us
overpaying for energy? Well, most people start by signing up to a cheapish
one-year fixed tariff but then FORGET to switch once the one year is up.
They are then rolled over
onto a default tariff (sometimes called a standard rate tariff) and these are
typically the most expensive deals on the market.
So, switching to a cheaper
deal can really save you big bucks.
But finding the time to sit
down and research the best deals doesn’t exactly fit in with schools runs, batch
cooking, or scrolling Amazon for last-minute
birthday presents.
That’s where a new-ish breed
of website comes in. Honestly, they’re a life saver for busy mums.
They’re called automatic
energy switching sites and they basically do what they say on the tin. They
monitor the market, spot if there are cheaper deals out there, and if they can
save you money (taking exit fees into consideration), they switch you. You don’t have to do anything.
There are loads of these
sites out there but the biggest three by far are: Look After My Bills, Weflip
and Flipper.
Look After My Bills and
WeFlip are free to use (they make money by receiving commission from energy
firms). Flipper charges an annual fee (£25) but doesn’t receive commission so
is whole of market.
You might recognise Look After My Bills – they appeared on Dragon’s Den and secured the biggest ever
deal.
To start saving, all you have to do is sign up
once, fill in your details, and that’s it. You’ll never overpay for gas and electricity
again.
To try Look After My Bills for free, click here.
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