Energy Bills a Huge Worry, Survey Reveals

28th Aug 2014

One would think most people would be more worried about paying their monthly rent or finding the money for their mortgage payments. But apparently paying for their energy bills is the biggest worry for homeowners, a recent survey has revealed. 

Research carried out by Europe’s biggest DIY retail group Kingfisher saw 17,000 homeowners in nine countries across Europe take part in a survey. They found that the number one worry for two thirds (65%) was paying for their energy bills in the future, thanks to high energy costs. Making their home more energy efficient to cut their energy bills was also a top priority for almost a third  (31%) of homeowners.

Commenting on the findings, Kingfisher chief executive, Ian Cheshire said he was surprised by the number of people who seemed genuinely worried about their energy bills. So much so, it’s leading to a “staggering increase in the number of people who intend to prioritise energy efficiency.”

With soaring energy bills driving households to be more energy efficient, it’s a growing issue, and one that’s likely to be a major focus for energy conscious homeowners over the next couple of years.

To make matters worse for UK energy consumers, around 13 cheap fixed energy tariffs are on the verge of ending in the next couple of months. According to MoneySuperMarket, these cheap deals from 2013 are set to come to an end between 31 August and 31st October, meaning some households will have to find an extra £205 to pay for their annual energy bills.

M&S customers on their Energy Fix & Save September 2014 tariff will face a massive £205 increase on their average annual energy bills unless they move to a cheaper tariff before the end of September. It usually takes on average between six and eight weeks to switch energy tariffs, so time is running out to sign up to a better deal.

According to MoneySuperMarket, customers could save as much as £235 on their annual energy bills if they switch to a cheaper tariff now. The cheapest tariff currently available is Extra Energy’s ValuePlus Fixed tariff. Fixed until September 2015 average annual energy bills on this tariff cost £990. However there’s an exit fee of £25 per fuel if you want to switch to another tariff before the contract ends.

If you’re looking to make your home more energy efficient, consider installing a new energy saving condensing boiler. Modern condensing boilers with a A or B SEDBUK rating can help you to save up to £305 on your annual energy bills and are 15-30% more energy efficient compared to G-rated boilers which achieve between 50-70% efficiency.

If you’re worried about future energy bills, a new A-rated boiler replacement will help bring down your annual energy costs and make your home more energy efficient. You can get up to three quotes for free from Boiler Guide’s Gas Safe registered heating engineers. Get your free quotes today.


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