Nearly half have ‘no idea’ of energy costs
Almost half of people surveyed have no idea what they're paying in energy charges, according to new research.
Finding from moneysupermarket.com show about 40% of customers don’t know how much they pay each year for energy.
After a mortgage or rent, gas and electricity costs are the second largest monthly costs and according to the comparison site people could be paying, on average, £411 more with the most expensive tariff coming in at more than £1,391 compared to the current cheapest at around £980.
The poll of more than 3,000 people also found more than 20% who pay monthly have no idea of the total cost of their bill for the year with a further 16% also claiming they had ‘no idea at all’ of their energy costs.
Showing the lack of regard many have for what they pay in bills the research found only 38% knew exactly how much they pay for their energy – with a puny 24% claiming to have a ‘rough idea’.
atmoneysupermarket.com utilities manger, Scott Byrom, said: “With the current spate of price hikes taking the average bill to record highs, customers should be on their game and know exactly how much they are paying in gas and electricity charges each year.
“The message is simple – for a medium user, if you pay more than £37 for your electricity and more than £51 for your gas per month, then you are potentially paying too much and should be looking to switch to a better tariff.
“Shopping around using a price comparison site for the best value energy product is vital and I urge everyone to check their bills and act quickly as the best priced products are unlikely to be available for long.”
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.
Please login or Register to leave a comment.