If saving 10% off your energy costs sounds appealing next year, now might be a good time to look into changing the way you pay your bill.
The energy price cap is set to rise by 20% in January to £4,279/year for a typical household, from its current level of £3,549/year, and while this makes no difference to families who pay for their gas and electricity via direct debit, customers who pay when they receive their bill will find their annual costs going up by an additional 1% in the North East.
And while that does not sound like a lot, it brings the extra cost incurred by choosing to pay for your energy by cash or card when you get your bill up to 10% or £250 a year more than the average direct debit user. That's more than £20 a month and £165 more per year than those who use prepayment meters, traditionally considered to be one of the most expensive ways to pay for energy.
