Homeowners who decide to compare energy companies could save over £300 from their annual bills, according to a new report from the Daily Mail.
Savings of this scale could be reached by consumers who have remained with the same supplier on a long-term basis, but switching to a variable rate could help homeowners access the best deals on the market.
In addition, consumers who choose an energy deal on the internet and opt to buy both gas and electricity from the same supplier paying by direct debit are likely to pay the lowest bills.
Mark Todd, director of comparison site Energyhelpline, told the paper: "Don't pay a premium for a fixed rate. The likelihood is tariffs will be cut again in the winter and prices are likely to stay depressed."
Homeowners could look to switch energy companies a few weeks before their existing deal is set to expire, so they are prepared when their contract ends but they avoid paying a penalty fee.
All the UK's major energy firms have implemented slight price reductions in recent months.
If you want to find out more about how to compare energy suppliers and save up to £378 in minutes, click here.