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Loan charges: Renters 'fail to look for cheap energy'

Tenants - who are already in a financially precarious situation due to high housing costs - could be forced to make loan claims to deal with energy bills.

Research from uSwitch.com revealed only 38 per cent of renters have changed their power supplier to a cheaper firm.

Furthermore, 33 per cent of respondents said they are less likely to consider changing gas and electricity companies as a tenant than they would be as a homeowner, while 27 per cent reported that they are not particularly interested in the energy efficiency of their home.

This is despite the fact that landlords will not be able to rent buildings that do not meet certain sustainability standards from 2018.

"With more and more people renting, it's vital that people don't feel that being a tenant means relinquishing the right to control their household bills," director of consumer policy at uSwitch.com Ann Robinson said.

People who receive an energy bill in their name have the "right to shop around", she argued.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801435236-ADNFCR



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