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Loan charges: cold weather to cost Brits £7 a week

Brits could be paying as much as £7 extra a week thanks to the cold weather, according to a new report, compounding the misery energy customers are suffering after the recent price hikes.

Comparison website uSwitch.com found that the freezing weather setting in for a month could cost households as much as £30 on their next energy bill, leaving less cash available for loan charges and other expenditures.

The vast majority (87 per cent) of households are expected to ration their usage in the winter to save on bills. Last year the figure stood at 75 per cent, and 15 per cent said it impacted their quality of life and health.

"As we enter this cold snap I would urge consumers to look at the low-cost or free home insulation offers currently available," said Ann Robinson, director of consumer policy at uSwitch, Ann Robinson.

"These will help to reduce your energy usage by making your home more energy efficient. These deals are disappearing and are expected to be gone by the end of December so people really do need to act fast."

Charles Baker
Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801501767-ADNFCR



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