Scots Missing Out on Potential Energy Bill Savings
October 26, 2015
Many thousands of Scottish households are missing out on cost savings they could be benefiting from if they switched their energy suppliers.
According to recent research, some 42 per cent of Scots are not aware that swapping suppliers could save them money on their energy bills and are working on the assumption that their energy outgoings are already as low as they can be.
The latest figures also suggest that the scale of savings potentially available to Scottish consumers is going widely underestimated, with 70 per cent of people nationwide of the belief that swapping energy supplier would only save them around £100 or less, when in fact the savings involved can be significantly larger.
The charity groups Citizens Advice Scotland and the Energy Saving Trust, along with the UK government, all backed the revealing new study, which was commissioned in support of a joint awareness-raising campaign being launched across Scotland.
Hopes are that, as winter approaches, more and more Scots will take the time to find out how they could save money on their energy bills and do so in time to make a significant difference in the coming months.
“By not switching, hard-working bill payers are missing out on hundreds of pounds – savings which could especially help older people heat their homes for less this winter,” said the UK’s energy secretary Amber Rudd.
“We’re spreading the message to help friends, family and neighbours to shop around for a better deal.”
Thousands of individuals and households across Scotland struggle to pay off their energy bills every month, particularly in winter, and for many the issue can contribute significantly to debt management problems.
According to the latest research, 23 per cent of the people polled said that they knew at least one elderly person who has fallen behind in paying their energy bills or been left completely unable to pay them off.
“We’re urging sons, daughters, friends, neighbours and even older people themselves to help each other, or someone they know, to check and make sure they are on the best deal online or over the phone. It could make a real difference this winter,” said Mike Thornton from Energy Saving Trust Scotland.
If you are finding it tough to pay your energy bills and you’re struggling to manage your personal debts then Scotland Debt Solutions can help. Call one of our advisors to find out how.
The start of a new year is the perfect time to take stock of your finances and put plans in place for a financially savvy year ahead. While you may feel your problems are insurmountable, there are always things you can do to help, most of them surprisingly easy. Here are 7 ways you can […]
If you have credit card debt which is attracting a high level of interest, moving this balance onto a lower interest card could save you a considerable amount of money. This process is known as a ‘balance transfer’, and if done correctly, this process could save you money and also reduce the time it takes […]
Many thousands of young Brits are being actively encouraged towards taking on debt and spending borrowed money even before they reach their 18th birthdays. That’s according to the price comparison website comparethemarket.com, whose research suggests that roughly one in four 16 and 17 year olds in the UK have been offered credit cards or asked […]
If you’re in serious debt with no hope of repaying your unsecured creditors, you don’t have to wait for a creditor to take legal action against you. You may be able to take matters into your own hands and apply for sequestration (bankruptcy in Scotland). This also prevents your situation from worsening. There are two […]
If you’re looking to save some money it’s a good idea to make a detailed budget that lets you see where your cash is currently being spent, and offers an overall view of your finances. You’ll need to collect together your income and expenditure details, including annual costs such as insurance, car expenses, birthdays and […]
Scotland has a number of formal debt solutions that can help you deal with a difficult financial situation. It’s advisable to take action as soon as possible, however, to prevent your levels of debt escalating when interest and other charges are added. Obtaining professional advice is key in this respect. An approved money advisor or […]