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Bank charges: Tips on reducing utility bills

People experiencing bank charges may have been concerned about the recent announcement that the cost of utilities is set to rise.

In order to help consumers, moneyextra.com has issued some tips on how to reduce their energy consumption.

Alastair Harnby, marketing director at the website, said: "The announcement of further energy price increases will no doubt put a tighter squeeze on household budgets.

"It will be important for consumers to become wiser spenders in all areas in order to compensate for a larger proportion of their income going to energy bills."

Moneyextra.com suggests people swap to paperless billing, as many utility providers offer reductions for online billing. It also advises paying by direct debit, as this means you will have access to better premiums.

Consumers could also do well to switch to a fixed-rate tariff as this will protect against any further price increases - and they could also think about combining their gas and electricity bills, as this is typically cheaper than paying separately.

Samantha Clarke

Samantha is a former banking assistant and has over ten years' experience in retail banking.
 ADNFCR-2776-ID-800619199-ADNFCR



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