Reducing your costs without cutting your lifestyle
Tuesday, June 19, 2012
Unbeliveable cheap prices for gas and electricity
All of the big 6 energy provider in the UK offer very cheap heavily discounted deals to encourage you to switch your gas and electricity but does this cost you more in the long run.
It's really rather clever because after that tempting deal that encouraged you to switch expires you automatically go on to a tariff with no discount, usually after a year. If you do a price comparison at this point, and the vast majority of people don't, the old bills that you use to compare will still look better than the comparisons because all you have is the bill from that heavily discounted year when your gas and electricity were super cheap. You can't compare your current non-discounted tariff you are actually on for another year. So most people stick where they are at this point. Very few people bother to check after the 2nd year.
If you think about it no matter who you get you electricity from it comes from the same power station so how can there be such a big range of prices and such cheap prices when the big 6 make such huge profits. Well 90% of people are no longer on a great deal. Let
French & Saunders show you how to save money!
If you play the system with the big 6 and switch every year you can save money on your gas and electricity, but most people can't be bothered with the hassle which is where the big 6 make those huge profits.
So is there a way to just get a great value prices on Gas and Electricity without all the hassle of having to constantly monitor the market and keep switching. I'll tell you how in my next post...