Energy bills are met with a frosty reception

According to a new survey conducted by Which? Switch, the recent cold snap has caused many consumers to be concerned about paying their energy bills.Findings show that 65 percent of respondents have been paying more thought to their energy bills as a result of the freezing temperatures.  What’s more, it was revealed that 38 percent were ‘worried’ about paying their energy bills.

In order to meet the cost of bills, some people were found to be utilising either their own savings or their children’s.  Furthermore, others admitted to reducing alternative expenditure by sacrificing gym memberships or holidays.

Upon investigating the methods that people adopt to stay warm amid cold spells, Which? Switch uncovered five top approaches as follows:

  1. 84 percent wear additional clothing.
  2. 73 percent have a warm drink.
  3. 40 percent have a ‘filling meal’.
  4. 39 percent blocked draughts around doors and windows.
  5. 37 percent remained in bed.

In addition, it was found that 31 percent have either called their energy provider to ensure that they are on the cheapest available tariff or switched energy providers.

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Homeowners whose properties tend to be a little nippy during cold weather due to requiring maintenance 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 allow borrowers to rectify a number of problem areas.  For example, a roof that is in a state of disrepair could be replaced to ensure that the property is retaining as much heat as possible.  Additionally, any draughty doors or windows could also be replaced to further enhance heat retention.  A secured loan for home improvements could allow for a chilly house to be converted into a warmer home.

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Monday, February 8th, 2010 Finance news