Gas and electric can be cheaper online

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Gas and electric can be cheaper online

Customers in the UK could be missing out on 'significant' savings by not taking advantage of online gas and electricity supplier deals, according to price comparison website Moneysupermarket.com.

By using the example of a standard monthly tariff from British Gas, which costs £1,055.77 per annum, Moneysupermarket.com said people could save £199.85 a year if they choose to take up a deal online.

The findings of the research should come as welcome news for customers whose electricity bills will rise due to the need for central heating as the cold weather begins to arrive.

Paul Schofield, head of utilities at moneysupermarket.com, stated: "Energy companies used the summer months to increase their prices in the hope they wouldn’t face as much flak from the media and public."

"People were also lulled into a false sense security with the talk of wholesale gas prices falling. However, customers are yet to see the benefits of the drop in prices reach their pockets and in the meantime are feeling the burden of summer price hikes," he added.

Moneysupermarket.com urges people to search their electricity provider options online and these deals enable customers to monitor and manage their account online, paying by direct debit.

The price comparison website allows people to compare and contrast various electricity and gas price plans and offers help with switching suppliers.

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