I’m an energy expert and a common mistake could cost you £2,000 more a year

Millions of homes are facing huge heating bills as well as rising food and other costs, an energy expert warns – but one simple mistake could cost them an extra 2,000. pounds per year.

Richard Neudegg is the managing director of comparison site uSwitch.com and has more than a decade of consumer rights experience.

Energy expert Richard Neudegg joined The Sun's Squeeze


Energy expert Richard Neudegg joined The Sun’s Squeeze

He’s just one of the experts on Squeeze team which is here to save you money.

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Neudegg says customers should follow up on offers from their energy supplier to switch them to the new tariff, which can be thousands of pounds a year more expensive than the one they’ve already applied.

“Back in the day, we said, you can switch and easily get a much cheaper tax rate than you’re paying if you haven’t changed your trade for a while.

“Right now that’s not true.

“There are some very, very expensive flat tax deals on the market and some vendors have flagged those transactions to customers.

“If you switch to them in the middle of winter, you will immediately see the amount you pay skyrocket.

“We’ve seen some flat tariff deals of up to £4,000 a year for an average usage customer.”

Now, if you’ve ended the flat or variable rate you introduced a while ago, you’ll be above your supplier’s standard variable tax rate.

In the past, this was often more expensive than the best deals from new providers, which is why you should switch often.

But due to the current energy price crisis, the supplier’s standard tariff is cheaper than any deal for new customers.

That’s because the standard tariff is covered by the regulator’s energy price cap, which means for an average household their annual bill should not exceed £1,277. .

If you use more than the average household, your bill may still be higher than this, but the amount you pay for each unit of energy you use will be limited.

However, from April this limit is set to increase by around £700 so that an average household could end up paying up to £2,000 a year.

Neudegg warns that some providers are now offering customers flat rates by mail or when they log into their online accounts.

They may try to incentivize you to switch for certainty about your monthly payments, but that can lead to large additional costs, he says.

“The reason is because they’re losing all of their customers.”

If you switch to a new flat rate, you may end up paying an exit fee to leave, but worse yet, it’s unlikely you’ll be able to revert back to the variable rate cap until your transaction is over. end.

That’s why it’s a costly mistake that can result in you paying thousands of pounds a year against the odds.

“You get really stuck there,” says Neudegg.

“All the energy market norms as we know them don’t work the way they are.”

If you’re trying to lower your bill, there are some Easy ways to reduce your energy usage.

Spend a few pounds for a Draft Exclusions can cut your energy bill by hundreds of pounds.

Warm air escaping under doors and through poorly insulated doors and windows is the biggest culprit for wasted energy.

See how you use the devices, such as if Washing machine The default is 60 degree wash, consider setting it to a lower temperature.

Final, turn off your thermostat just by a degree is one of the simplest things you can do to reduce your bills.

Cleaning whiz shows how to dry your clothes faster and save on your energy bills

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https://www.thesun.co.uk/money/17328445/energy-expert-reveals-common-mistake-avoid-paying-extra/ I’m an energy expert and a common mistake could cost you £2,000 more a year


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