More homeowners may want to start looking for cheap electricity deals, as it is mainly energy bills that make running a home so expensive.
This is according to new research from Halifax, which revealed the cost of owning and running a property has reached its highest level since 2008.
People spend an average of £9,393 on this a year, with the £218 increase in gas and electricity bills accounting for 89 per cent of the growth.
Furthermore, the rise was seven times greater than the increase in the price of home and garden tools, which was the second greatest contributing factor to the growing cost of running a home.
To try and reduce their expenditure on bills, people could follow the advice of Sustain Worldwide co-founder Gordon Miller, who explained small changes such as turning off TVs at the wall and fitting eco-friendly light bulbs can make all the difference.
If you want to find out more about your energy options and how you could save hundreds of pounds in minutes, click here.
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