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Household energy bills `could top £4,700 a year by 2020`

26/06/2009

Comparison site uSwitch.com has said that annual energy bills could reach £4,733 by 2020 if current price trends continue.

Since 2004, the typical yearly energy bill has more than doubled, rising from £580 to around £1,243 today, according to uSwitch.

Last year alone saw big rises in the price of gas and electricity. As a result, many customers on fixed direct debit price plans found themselves falling into debt on their accounts.

A spokesperson for Debt Advisers Direct said: "A lot of billpayers are still feeling the effects of last year`s energy price rises, and people will hope that price rises are less sharp than uSwitch has predicted.

"In the current climate, it`s important that anyone struggling to pay their bills speaks with a professional debt adviser, who could help them to clear their debts."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according Rising household costs could pressure people in debt 10/08/2010 - The UK may be about to see a rise in