It may be turning into spring, but consumers are being warned to keep an eye on energy prices to avoid future debt problems. One sure fire way to lower the chances of needing debt management in the future is to buy online. MoneySupermarket.com reports that consumers could save between £250 and £300 a year on a fixed energy bill by getting it on the net. However, Scott Byrom, utilities manager at the website, has warned that an 8 per cent rise in OVO Energy’s New Energy fixed tariff could mean that more providers will act “like a house of cards” and follow suit with the price hikes. Consumers who find cost of living rises plunge them into debt may need to consider some form of debt solution, such as an IVA or Debt Relief Order.
