Martin Lewis from Money Saving Expert advises that many households could save up to £175 annually on their water bills by checking eligibility for social tariffs.
Martin Lewis and his team at Money Saving Expert (MSE) are alerting consumers to potential savings on their water bills through a simple eligibility check. Households may be unaware that they could be overpaying for basic utility services, with MSE indicating that a quick, free inquiry with their water supplier could reveal opportunities for substantial discounts. The average saving estimated is around £175 per year, a significant amount for many families.
The spokesperson for MSE highlighted that all water companies provide social tariffs designed to aid those on lower incomes, allowing reductions of up to 90% off baseline bills. This is particularly beneficial for households with water meters, but it can also apply to those without them. The issue is compounded by the fact that over three million households might be missing out on these savings, which vary depending on the water company and exact circumstances, including eligibility linked to specific social benefits, such as Pension Credit.
Consumers interested in reducing their utility expenses are encouraged to take action and determine their eligibility for these tariffs. By navigating the check with their water providers, families can significantly cut down on their costs and ensure they are not unnecessarily burdened by high utility expenses. This advice from MSE represents an important resource for financial savings, especially in the current economic climate where every penny counts for many households in the UK.
