Switch of energy provider may work well with Green Deal

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British homeowners may find a switch of energy provider works perfectly alongside the government's proposed new Green Deal in order to deliver savings on home power bills.

Westminster is due to put forward the scheme, which will see property dwellers given the potential to transfer the upfront costs of implementing green energy techniques to fuel suppliers, by the end of 2010, suggests the Guardian.

Some of the results of the scheme could be easier access to insulation and energy-efficient boilers, but whatever is borrowed from a provider must be paid back over 20 years.

Ian Marchant, chief executive at Scottish & Southern Energy, tells the news source people will have to decide how much of their fuel invoice they want to 'fix', with the remainder set to 'float' – in a similar way to how mortgages are either fixed or tracker.

"At the moment we do not offer people a choice. The package of service, product and pricing is pretty similar. But in the future people will make a lot of choices," he explains.

The Daily Mail recently suggested comparing electricity prices online is another way to reduce bills by up to £200 a year.

Posted by Anne Yevel

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