buying is the latest money saving craze to sweep the UK. As part of the trend,
UK homeowners are banding together to shake up their energy suppliers,
harnessing the power of group buying to drive the costs of their energy bills
The average British household gets its energy from one of the huge firms that power the national grid. Due to the lack of buying options, as well as competition amongst energy firms, it's hardly surprising that the cost of energy is creeping up. Energy firms talk a good game, appearing on TV to discuss price cuts and savings, but despite their claims to the contrary the average cost of energy continues to climb.
Thankfully, for those of you interested in saving money, there may be a solution: group buying. Faced with mounting energy bills, thousands of households are pooling their buying power and starting a energy revolution of their own. Before you get started, you need to find a group of like-minded individuals and appoint a community leader. Your brave community leader will be responsible for overseeing and organising your group, canvassing the area and finding people who share an interest in saving money and negotiating a better deal on their household gas and electricity.
Once you have a group, the next step is to reach out to a group buying expert. There are plenty of these firms popping up all over the UK, so finding one shouldn't be difficult. Their job is to approach energy firms on your behalf. Using their contacts, your group buying expert will seek out the right energy supplier for you, striking a deal that could put a considerable dent in your annual gas and electricity bills. One of the UK's leading buying experts claims it has administered schemes that have helped over 50,000 homeowners, saving them an average of between £200-£300 a year.
Although you may be wondering how much of a difference one person can make, by simply signing up to a group buying scheme you give your collective the power to negotiate a better deal. Plus, it costs nothing to find out if you could save money, even if decide to continue paying your current rate instead of making the switch.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk