Monday, January 31, 2011
Category:
Secured Loans
According to uSwitch.com, recent ‘price hikes’ from five of the largest energy suppliers in the UK have caused the average annual household bill to rise by £52. What’s more, the independent price comparison and switching service has reported that the cold snap could push bills up by an additional £7 per week.
Energy expert at uSwitch.com, Tom Lyon, commented: "It costs £3 a day on average to heat a home, but during a severe cold snap this could easily rise by £1 a day. If freezing weather sets in for a month, household could easily see an extra £30 added onto their next energy bill.
"Coupled with recent price hikes this will be a real concern for many. The worry is that many households will try to make ends meet by cutting back on their heating and hot water. But a for a pain free way of saving up to £458 a year they could just switch to a more competitive energy supplier instead.
"Adopting simple energy efficiency measures in is another effective way of reducing household energy bills. Insulating a loft, using energy monitors and turning your thermostat down by just one degree are all good ways to save money. Using less energy and paying the lowest possible price for the energy you do use are the key steps that consumers can take to protect themselves from higher energy bills."
……………………………………………………………………………………………….....
Homeowners who would like to invest in measures to reduce their household energy bills, but do not have the necessary funds to hand, could consider taking out a
secured loan to fund any work required. One of many finance options available, a secured loan for home improvements could be used to fully insulate a property for example. An inefficient boiler could also be replaced with a modern counterpart, whilst some borrowers may even wish to install solar panels to utilise the sun’s natural resource.
