Sunday, 21 July 2019

The easiest way to save money on your energy bill

We’re sure you could come up with a hundred more exciting ways to fill your precious spare time than finding a cheaper deal for your gas and electricity. But believe us when we say this is one of the easiest ways to save a lot of money.

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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