High Energy Prices got you down? Oil, Gas, Wind, Solar - Quotes - Suppliers - Installers
High Energy Prices got you down? Oil, Gas, Wind, Solar - Quotes - Suppliers - Installers

Brits Shown To Be Having Cost Concerns Over Rising Energy Prices

With the price of fuel increasing several times over the course of this year, large numbers of Britons are concerned that the pressures that their finances are under are also going up.

In findings by moneysupermarket, it was shown that the cost of petrol has exceeded the one pound and ten pence per litre barrier. However, the price of oil was shown as hitting record levels as electricity and gas costs have gone up by 15 per cent since the beginning of 2008.

The study from the price comparison site show that two-thirds (66.9 per cent) of Consumers surveyed report that they are "very concerned" about how they will be able to manage their finances should energy prices continue to increase. However, it was reported that some 30 per cent will be a "little worried" about how their ability to get to grips with spending should the cost of fuel continue to rise.

On top of facing increases in this area of financial demand, it may happen that people develop additional problems with their money management. This could see them struggling to make repayments on loans (http://www.loan-arrangers.co.uk/), credit and store cards, mortgages, household bills and meet transport costs.

On the other hand, just 0.6 per cent of those that took part in the study report that they are not worried about the prospect of fuel costs going up. An estimated 3.4 per cent think that they will be ok should this financial burden worsen, although they would prefer for this not to happen.

Tim Moss, head of debt for the UK price comparison site, said: "Brits are being stretched to breaking point as our poll of moneysupermarket users shows. Rising fuel prices are a massive issue right now, in much the same way as they were during the fuel protests of eight years ago. Leading economists have been telling the government it can afford to drop the price of petrol by nine pence per litre without having any effect on its bottom line. People are really starting to suffer and need help urgently."

He added that as the public is "powerless" to impose any control over the amount of tax that the government adds to fuel, it is important for consumers to get to grips with the areas of expenditure which they can control. Mr Moss asserted that it is imperative consumers take the time to arrange their finances properly and recognise what areas of expenditure that their money goes on. By doing this, he claimed that they should concentrate on contributions towards essential areas of current expenditure - household bills and mortgage or rent costs for instance - a priority. Meantime, lesser demands on current expenditure, such as magazine subscriptions, may have to be reduced.

In addition, it was reported that those people who feel that they are unable to get to grips with their spending by themselves should obtain independent guidance from the likes of the Consumer Credit Counselling Service and Citizens Advice.

Those Britons who are concerned about their ability to manage their finances in the face of rising fuel costs, might wish to consider taking out a debt consolidation loan. By doing this, borrowers could find that they are able to merge numerous constraints on their finances at once leaving them with low-cost monthly repayments. Such a loan (http://www.loan-arrangers.co.uk/) could prove to be particularly useful for a lot of after a study by uSwitch unveiled that some 4.5 million Britons are currently struggling to heat their houses.

Mark Dawson writes for the Loan Arrangers. Where visitors can apply for the best rate UK personal loans (http://www.loan-arrangers.co.uk/personal-loans/), secured loans (http://www.loan-arrangers.co.uk/secured-loans/), and unsecured tenant loans (http://www.loan-arrangers.co.uk/tenant-loans/) available to them.


Rate This Article:

Related News:

Home Site Map Welcome, Contact Mr. Neuman at 848-333-8899 for Partnerships/Ads

Change Your Energy Supplier Today
By far the simplest method of saving cash on your household fuel bills, aside from reducing your fuel usage, is to switch to a cheaper supplier However, there is a little more to it than merely switching to whoever is offering the best deal at the time, as the energy market is very complicated and companies that can offer cheaper energy in the short term might work out to be much more costly in the medium to long term

Corporations Seriously Looking at Alternative Energy
Recently when asked "What is the best currency in the world to own right now?", billionaire Warren Buffet replied, "Not the u.S. dollar."

Confused.com Comment on the Changes to Energy Assistance Measures Outlined in the PBR
Price comparison website offers a guide to consumers.

There's Never Been a Better Time to Change Energy Tariff, Says Confused.com
11.8 million people hit by latest energy price rises - Changing tariffs now could save UK consumers £6.8 billion per year.*

Switching Gas and Electricity Suppliers
The economic downturn has us all looking for ways to cut back our spending, and there are few easier ways to do so than by getting a better deal on your gas and electricity. Switching providers is much easier than you may think, and with so many companies vying for your business you could make significant savings.

Don't Wait For Business Electricity Prices to Drop
Despite the colossal drop in wholesale energy costs since their peak a year ago, you'd be fooled into thinking that the UK's energy suppliers are about to start offering cheap business electricity in time for the winter Ofgem, the energy industry regulator has just received this in writing following an exchange of letters between the bosses of the Big 6 business electricity providers to point out that the continued high prices don't seem justified and demand an explanation why they weren't cutting their commercial energy prices

Electricity Suppliers Made to Compete in New Online Power Store
Powershop has released the world's first online electricity store where consumers are able to compare electricity product suppliers () and buy power products online. New Zealand Consumers have been given the online tools to save money by buying electricity from a range of competitive electricity product suppliers.

Compare Energy Prices or Rates on the Internet, Fast and Easy
Trying to manually compare the energy rates or prices of different utility companies is very exhausting and time consuming. Instead of going to different utility companies personally to determine rates and prices, you can try using the internet. The internet offers not only the fastest and easiest way to check on different things, but you can use it any time of the day you want, while sitting in your bathrobe or pajamas even.


Privacy Policy | Copyright/Trademark Notification