Why standby could be costing us the Earth
Smart meters feed information back to the supplier
For most homes in the UK the most expensive part of their fuel bills comes from everyday heating, cooking, appliances and lighting and for the majority of the country that means gas and electricity.
* The compareandsave.com utilities tool is powered by Energyhelpline, who is fully accredited to the Consumer Focus Confidence Code. At least 10% of customers who used energyhelpline to switch their gas and electricity between 1 July 2010 and 4 October 2011 saved £389 a year or more. The average saving was 16%. During the last round of energy price rises (June 2011 - September 2011), prices rose by 14.4% on average across the big six energy suppliers.
The days when consumers had no choice over who supplied their gas or electricity, and therefore no control over their monthly bills, are long gone. There is healthy competition in the market and choosing and changing supplier is a relatively easy process.
Changing supplier for your gas or electricity doesn't mean having anything done to your property in terms of pipes or wires. The method of supply remains the same; the only difference is who you pay for your energy. By comparing the suppliers you can compare costs and it’s possible that you can reduce your monthly outgoings.