Qualified advisers answering your
Financial Questions
call 0800 092 1245

Fear stops people switching, says

Fear of the unknown is stopping many householders from shopping around for better deals on their utility bills and changing their supplier, according to a spokesperson for, an online utility price comparison site.According to industry regulator Ofgem, some 2.8 million households switched their electricity supplier within the first seven months of 2007 and a further 2.3 million changed to a different gas supplier.However, despite the large number of people who are switching, according to Graham Self, director of, there is an amount of "naivety" surrounding the process. "I think there is an element of the unknown," he said, adding: "Some people don't know what is involved, they wonder if they are going to have to have someone come round to their house to change pipes and wires."He went on to say that making moves to try and cut electricity and gas consumption could also reduce bills, adding that it was surprising how much money could be saved by doing little things like turning off lights and not leaving appliances on standby.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details