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Britons fear energy bills
11 July 2008
An increasing number of British people are worried they will not be able to afford their energy bills, according to a price comparison website.
While it has been reported that energy bills could rise by as much as 40 per cent by the end of the year, research by moneysupermarket.com revealed that 86 per cent of people said they could not afford a potential price increase.
Paul Schofield, head of utilities at moneysupermarket.com, said: "With price rises on the horizon it is even more important to get on the best value tariff for their area and usage."
Consumers are urged to find the best energy deal for them as the credit crunch threatens to tighten household budgets even further.
"I urge Brits to shop around for the best deal - not to waste their hard-earned cash paying over the odds for energy bills - especially as they are set to rise," said Mr Schofield.
Just 46 per cent of people say they can pay their energy bills, according to moneysupermarket.com.
