Brits burn £1.5bn by sticking with their energy supplier

| June 3, 2009 | 0 Comments

British householders are wasting over £1.5 billion every year on energy bills by not shopping around for the cheapest supplier.

Research by found that customers on standard energy plans pay £185 per year on average than those who have an internet-based energy account.

Despite this, only 5% of households currently use an online energy plan.

The study also found that the average household spends £1,245 per year on electricity and gas, a figure that could be reduced to £1,000 if consumers took the time to search for a better deal online.

However, fewer than one in five consumers actively seek out more competitive deals.

“This is not about lack of competition - this is about consumers failing to take advantage,” said Will Marples, energy expert.

“Whether it’s down to lack of understanding, poor communication or apathy, there is absolutely no reason for large numbers of consumers to be overpaying for their household energy.”

Last month, British Gas announced that it would be cutting the price of electricity by ten per cent.

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