Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


  • Nearly half (48%) of 18 to 34 year olds rely on their partner, family or housemates to pay their energy bill each month
  • 46% of Millennials don’t know what energy tariff they’re on
  • Cable TV bill is as important as the water bill, according to the younger age groups (9%)

Despite mastering the ins-and-outs of smartphone contracts and TV packages, younger generations are struggling with the finer details of their gas and electric bills.

New research, conducted by GoCompare Energy, has uncovered just how much the UK knows about its monthly energy consumption – and it’s not great news for ‘Millennials’.

While energy bills were the most important monthly outgoing (29%) for 18 to 34 year olds, almost half (48%) of those in the age bracket rely on their partner, family or housemate to ensure that the bill is paid.

According to the 18 to 34 age group, the monthly bills they pay as a priority are:

  1. Gas & Electric (28%)
  2. Council Tax (15%)
  3. Car Insurance (12%)
  4. Home Insurance (10%)
  5. Cable TV (9%)

Young people are also the most likely to rely on estimated usage for their bills, with only 44% of 18 to 34 year olds entering the exact readings. Couple this with the stat that 46% are unaware what tariff they’re on, and you’ve got a recipe for some unexpected outgoings each month.

It’s not all negative news for the 18 to 34 age group, though, as they were the most likely to agree with the statement ‘I am energy efficient because I want to preserve the planet’ (28%).

GoCompare Energy spokesperson Ben Wilson said: “We’re constantly encouraging people to keep an eye on the finer details of their energy bills, as it can be small changes that make differences in the long term. 56% of households haven’t switched energy provider in the last three years, with 29% saying they have never switched energy provider3, which means there are potentially millions of households paying too much for their energy.

“If you’re fed up of regular price hikes from energy giants, the easiest solution is to switch. The truth is providers stick their most loyal customers with their most expensive tariffs. So it’s important to keep reviewing your utility bills on a regular basis, and definitely not to rely on other people to pay it for you.“

To find out more about saving money on your energy bills, or simply to understand them a little more, head to Energy’s handy guides:

Continue Reading

Recent Posts