Switching energy provider could mean cheaper electricity and gas

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Prices comparison sites are a common tool when searching for the cheapest mortgage rate, but the same tools can be used for energy customers, it has been claimed.

According to the Edinburgh Evening News' Gareth Edwards, electricity and gas customers now face the same dilemma as those buying homeowner loans – should I fix now, or hold off and see if prices fall further?

He claimed that millions of people signed up for fixed tariffs last year and are coming to the end of their current agreement, adding that with talk of huge price hikes on the cards "there has clearly never been a better time to shop around for your fuel supplier".

Mr Edwards said: "The expert advice is to take stock now."

Recent research by lovemoney.com showed that people who fixed their tariffs a year ago have benefitted as the average price of energy went up by 28 per cent over the last 12 months.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

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