Utilities
Since deregulation the old nationalised utility companies such as BT and British Gas have been subject to open market competition. This means that other suppliers can enter the market and provide your utilities, normally at a cheaper cost. It is always worthwhile checking to see if you are paying too much for your utilities and because we like to help, we have provided some information on the best providers.
Gas & Electricity
Since the energy market was deregulated customers have enjoyed the benefits of competition in the sector along with competitive prices. However with so many suppliers now available how do you know you are getting the best deal? Many people use price comparison websites to compare the costs of different suppliers although this only shows the cheapest supplier at any one time.
Energy companies tend to temporarily reduce their prices to get to the top of such comparison tables, which leads to an influx of customers. Unfortunately, once they have gathered the customers they normally increase their prices, meaning that you can end up paying more than you thought. One way to solve this is to go with a provider that offers a guarantee that their prices will always be less than the ‘big six’ energy suppliers. That way you know that your price will always be competitive, whatever the other companies do.
We recommend Utility Warehouse, which is a wholesale supplier of home utility services. They keep their prices low by only selling their services through independent agents, meaning their advertising budget saving can be passed on to you the customer in the form of savings. Switching is easy and does not involve any interruption to your service. Your local gas and electricity companies will still maintain your equipment.
Home Phone & Broadband
If you pay your phone line separately to your call charges then the chances are you are paying too much. Recent regulation has meant that BT has been forced to allow other providers to provide phone line services and they are naturally cheaper. Even if you have already changed from BT you may not be getting the best deal.
Even better you can combine your line rental and call charges with your broadband service and as it is bundled together the savings are even greater.
We recommend Utility Warehouse, which is a wholesale supplier of home utility services. They keep their prices low by only selling their services through independent agents, meaning their advertising budget saving can be passed on to you the customer in the form of savings. Switching is easy and does not involve any interruption to your service.
The Financial Services Authority does not regulate utility services.
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If I had my way, I would write the word "INSURANCE" over the door of every cottage and upon the blotting book of every public man, because I am convinced that for sacrifices which are inconceivably small, families can be secured against catastrophies which otherwise would smash them forever. - Sir Winston Churchill.