Home energy costs set to rise by 40% this winter - make sure you shop around
The BBC unveiled on Wednesday that energy prices could rise by a stonking 40% this winter. The report suggested that households could be hit by potential price increases of as much as £400 a year. Suggestions are that the price rises could come into effect in August, a time when energy is not at the forefront of peoples thoughts. With the credit crunch larger than life and personal finances generally stretched pretty thinly.
MutualPoints to the rescue
Whilst we can’t claim to be saviours of the universe, we can help you to find the best deal and hopefully soften the blow that these price rises will empart by giving you some cashback for switching.
1. Search for the best deal on energy
Whilst it’s probable that prices will rise across the board, it’s still important to scour the market to make sure you get the best deal. We have a number of price comparison websites on MutualPoints, so you can check the market and earn points at the same time. I’ve listed a few below with the points you can earn to give you a head start:
- MoneySupermarket - Probably the largest utility comparison site out there, you earn 1,500 points for a completed comparison when you go via MutualPoints.
- USwitch - Not quite as well known as MoneySupermarket (and the reward isn’t as high either at just 750 points) but the moral of this particular story is to shop around, so it always pays to use a few sites to see which offers you can find.
2. Earn points for signing up
If you already have an energy company in mind and want to switch now we have a number of suppliers on MutualPoints so you can earn some points as well as saving a bit of money.
- Eon Dual Fuel - Sign up for both gas and electricity and earn 4,500 points with MutualPoints.
- NPower Dual Fuel - Same as above but less points, just 3,000 for switching.
- Scottish Power Single Fuel - Just the single fuel on offer from Scottish Power, but it’s enough to earn you 2,325 points.
- Eon Single Fuel - The single fuel offering from Eon is enough to earn you 2,250 points.
Hopefully these deals will help to soften the blow a bit when the price hikes inevitably come. So shop around and make sure you get the best deal. In the meantime please let us know your views.
What’s your reaction to the news? How do you plan to cope with the price hikes?
June 24th, 2008 at 6:15 am
The simple fact of selling off all of our utility companies has led to this vast price increase. As private companies they have to increase profits for the shareholders. The price of the commodity is irrevelant but high dividends is mandatory. Nationalising the utility companies is the only way to bring prices down.
August 21st, 2008 at 12:07 pm
[...] in June I wrote about how energy prices were predicted to rise by as much as 40% this winter, with the prices set to be risen in August. True to form E-On this [...]