Utility Price Rises
The statistics now suggest that there may be as many as four million of us living in fuel poverty, defined as spending more than 10% of the weekly budget on fuel bills.
uSwitch, the utility price comparison site, says that we as consumers are having to pay the price for a serious lack of co-operation between the government, the energy suppliers and the various energy regulators.
In the water industry Ofwat has recently announced that the companies will be permitted to increase their bills by 9 per cent next month. The various announcements of the water suppliers indicate an average rise of around 6%, - annual household spending on water as a vital resource will reach £350.
The only way to soften the blow is to get the best deal possible - and the way the system works, you have to become a new account customer by switching - then you get the introductory deal for 12 months (and then you remember to switch again, obviously…)
Compare energy providers on MoneySupermarket
Currently, energy prices in the United Kingdom are the third highest in Europe - by the end of the year, second highest - no, don’t happen know who’s number one… Vatican city probably….
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