Energy loyalty leads to financial problems

Britons with financial difficulties could knock nearly £350 off their energy bills, simply by changing providers.

This is the main finding of a new report by MoneySupermarket.com, which also claims that OVO Energy offers the best tariff in every region of the UK.

If every British household switched to OVO Energy's New Energy Fixed plan it would save them £3.6bn each year, helping many people with financial problems, the comparison site suggests.

This news comes at a good time for consumers, after it was recently revealed that personal debt caused by energy bills had risen 16 per cent in the last two years.

However, tariffs are changing all the time – so it is sensible for people looking to take control of their outgoings to do their own research at the time of switching.

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