Hard pressed energy customers paying bills from savings, credit cards or overdrafts
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The most recent round of energy price hikes has added £155.75 to the average annual energy bill, and with the overall cost of living continuing to spiral, nearly three quarters of British consumers will need to dip into their savings or rely on credit cards or overdrafts to pay for their utility bills.
The latest price increases have added an average to 17.4% to the cost of gas and 10.8% to the cost of electricity, resulting in average bills of £1,322 a year. But switching energy suppliers could save up to £313 a year, says Moneysupermarket.com.
