Our Manchester accountants can help you get your family finances in order if you are hit by the “Halloween horror” of rising energy bills at the end of October.
Price comparison site GoCompare has warned of 14 fixed-price dual fuel tariffs ending on October 31st, which will leave many households facing an increase in their best-priced utility costs.
Greater Manchester is among the worst affected, as the Norweb region – which also encompasses Cheshire, Derbyshire, Lancashire, Cumbria and some parts of North Yorkshire – faces some of the largest price increases on certain tariffs, including an estimated 45.67% increase of £382.89 for some households.
The exact increase will depend on location and on which tariff you are currently subscribed to, as well as on your usage, so there are several ways to directly affect how much you pay on utility costs, before offsetting the remainder in other ways.
In any event, getting your family finances in order is a sensible step at this time of year – and our Manchester accountants can help you to do so ahead of the busy and costly Christmas period, and the January tax deadline if you are self-assessed.
Ben Wilson, energy spokesperson for GoCompare, said: “With autumn well underway many families will be firing up the thermostat over the next few weeks. Research found that Sunday October 16th was when the majority of people turned on their central heating.
“While putting on an extra jumper could help save a little bit of money, you could save hundreds of pounds just by taking a few minutes to switch your energy supplier.”
Landlords may also want to ensure tenants are on the most cost-effective fuel tariffs for their location – especially if you contribute towards their utility costs as an incentive, but also just as a courtesy to those who might not realise they could be spending less on energy, leaving them more to pay their rent in full and on time.